Construction machinery demand recovery focus on the whole machine enterprises
The June 22 cycle variety continued to be active,Construction MachineryThe plate ushered in a long-lost rise, within the plate.Da GangRoad machine,TrinityHeavy industries and other significant increases.
DataShow, January-May 2018SalesVariousExcavator105935 sets of mechanical products, up 60.2 percent year-on-year, sales in the first 5 months reached 75.50 percent of the whole year of 2017, and sales in the domestic market were 98727 sets, up 57.7 percent year-on-year. Export sales were 7172 units, up 103.9 percent year-on-year. Industry insiders expect the annual growth rate of excavator sales to reach about 30% in 2018.
Analysts said that the monthly sales of excavators continue to hit new highs, indicating that there is a "scissors gap" between the construction machinery industry and the macro economy ". In the next three years, on the basis of updating the demand support, with the improvement of the penetration rate of construction machinery, the increasing proportion of exports, the optimization of the industry pattern, the leading enterprise report repair flexibility, is expected to exceed the cycle.
Further, in May 2018, domestic leading enterprisesSany Heavy Industry,Xugong Machinery,LiugongThe year-on-year growth rate of excavator sales was higher than the industry average growth rate of 71.3, the market share of leading enterprises increased, the market pattern was further optimized.
Construction machinery leading enterprises are expected to maintain rapid growth in net profit in the next 3 years. First, with the replacement of labor, the number of construction machinery driven by unit investment continues to grow, and the penetration rate of construction machinery continues to increase; second, the stock has entered a 5-6 year replacement period due to environmental protection and machine age, and the demand for replacement ensures the sustainability of growth; third, exports continue to grow, especially the export proportion of leading enterprises is significantly higher than that of the industry; fourth, leading enterprises benefit from report repair, industry competition pattern optimization, profit elasticity is huge.