Market analysis and sales volume of China's Excava

2022-09-22
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Market analysis of China's Excavator Industry in July 2019: sales growth picked up in double digits, and infrastructure investment picked up at a low level in the second half of the year

electromechanical; Mechanical and electrical products; Information Delivery; Industry information; Market conditions; According to industry analysis, the year-on-year growth rate of excavator sales picked up, which led to a slight recovery in infrastructure investment

excavators are regarded as a barometer of infrastructure. After the negative growth in May, on August 13, 1. The latest data released by taking a sample as an example showed that the sales of excavators nationwide in July were positive, with a total of 12346 mining machinery products sold, an increase of 11.0% year-on-year. In the previous July, sales also achieved double-digit growth

why did the year-on-year growth rate of excavator sales rebound? In an interview with the daily economy, industry experts said that this was closely related to the trend of infrastructure investment in the second half of the year. Judging from the recent acceleration of special bond issuance and other factors, it is expected to leverage more leveraged funds and drive a slight recovery in infrastructure investment

excavator sales in July increased by 11% year-on-year

on August 13, 2019, according to the industry statistics of China Construction Machinery Industry Association, the 25 host machine manufacturing enterprises included in the statistics in 2019 sold 149553 sets of all kinds of mining machinery products, with a year-on-year increase of 13.9%. 135062 sets were sold in the domestic market, with a year-on-year increase of 12.0%. The export sales volume was 14491 sets, with a year-on-year increase of 35.7%

in July 2019, a total of 12346 mining machinery products were sold, with a year-on-year increase of 11.0%. The domestic market sales volume was 10190 units, with a year-on-year increase of 9.1%. The export sales volume was 2156 sets, with a year-on-year increase of 20.7%

compared with May this year, the sales growth rate of excavators has picked up. Data in May showed that 18897 sets of mining machinery products were sold, a year-on-year decrease of 2.2%, and 15121 sets were sold in June, a year-on-year increase of 6.6%

analysis of the general situation of China's excavator market in July 2019

LUO Zhiheng, assistant to the president of Evergrande Research Institute, analyzed to the daily economy that the excavator sales increased rapidly in the first quarter of this year, reaching a year-on-year increase of 24.5%, but there was a negative growth in May. This time, the single month growth in July was 11%, which was better than the previous may and June, but did not reach the growth rate in the first quarter

from the perspective of product market structure, small and medium-sized excavators increased significantly. 1720 large excavators were sold in July, down 3% year on year; From January to July, a total of 19006 sets were sold, with a year-on-year increase of 5.0%. In July, 2741 medium-sized excavators were sold, an increase of 2% year-on-year; From January to July, 35206 sets were sold, with a year-on-year increase of 8.9%. 5729 small excavators were sold in July, with a year-on-year increase of 17.5%; From January to July, the cumulative sales volume was 808. In a broad sense, there were 50 electronic protective equipment, including hardware and software, with a year-on-year increase of 15.2%

analysis of the market overview of China's Excavator segment products in July 2019

from this point of view, small excavators are the fastest growing of the three types. Luo Zhiheng said that the sales volume of small excavators increased significantly compared with the same period, mainly due to its wide range of uses and strong demand toughness in rural water conservancy and municipal engineering

the daily economy noted that the excavator market maintained growth in 2018, benefiting from the superposition of many factors, such as the replacement of main engines, inventory cycle, overweight infrastructure construction, steady real estate investment, second settlement, and recovery of market confidence. The excavator market demand maintained a growth trend in 2018

according to the industry statistical data released by the mining machinery branch of China Construction Machinery Industry Association, 25 excavator host manufacturing enterprises included in the statistics from January to December 2018 sold 203420 large, medium and small mining machinery products, with a significant year-on-year increase of 45.0%

it is expected that infrastructure investment will rise at a low level

does the hot sale of excavators indicate that infrastructure investment is expected to continue to rise? According to the data, infrastructure investment increased by 4.1% from January to June, and many analysts believe that there may be a low recovery in the second half of the year

it is noted that many institutions predict that since the issuance of special bonds began in June, infrastructure investment is expected to continue to rebound in July

Luo Zhiheng said to the analysis that the flash of the light bulb of the infrastructure owner at the moment of discharge is related to the fiscal revenue and expenditure. Although the fiscal deficit and the scale of special debt are expanded this year, the fiscal revenue side has also decreased. In the first half of the year, the central general public budget revenue increased by 3.4% year-on-year, the tax revenue increased by 0.9%, and the land fiscal revenue decreased even more. Special bonds can be used as capital for major projects, thereby leveraging more leveraged funds. On the whole, infrastructure is expected to rebound slightly, but the resilience may be limited

it is noted that according to the data of the Ministry of finance, 899.6 billion yuan of local government bonds were issued nationwide in June 2019. Among them, 317.8 billion yuan of general bonds and 581.8 billion yuan of special bonds were issued, both significantly faster than other months in the first half of the year, especially the special bonds issued in June accounted for 37.5% of the first half of the year

Hua Changchun, chief economist of Guotai Junan, believes that the growth rate of infrastructure investment increased steadily in July, and the reserve projects continued to be put into operation, while the base number in the same period last year was low, so the growth rate of infrastructure investment in the second half of the year is expected to maintain a steady increase

wanghuajun, an analyst at Guojin securities, believes that the special bond policy underpins infrastructure, and the policy has a strong willingness to reverse the cycle. As a major manufacturing country in the world, the recovery of infrastructure investment is a high probability event. Superimposed on the update demand driven by environmental factors, it is predicted that the annual sales growth rate of excavators in 2019 is expected to remain at a double-digit level

market analysis of China's Excavator Industry in July 2019: sales growth picked up in double digits, and the low-level recovery of infrastructure investment in the second half of the year was collated and released by China mechanical and electrical products trading (hereinafter referred to as machine trading). If you need to reprint, please indicate the source of the article. For more information about the electromechanical industry, please click attention: electromechanical information of China's electromechanical products trading

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