Mining machinery industry will return to track

The Construction Machinery Association announced that in December 2012, the excavator sales volume was 7,105 units, a year-on-year decrease of 16%. At the same time, from the quarter-on-quarter growth rate, the sales growth of the chain in November was 7% in November, which is 8 percentage points higher than the normal seasonal characteristic (-1%). Some people said that this is a clear sign that the construction machinery industry has come out of the trough and recovered. Most people in the industry predict that in the second half of 2013, construction machinery will really come to the bottom.

Under the background of the market downturn in 2012, the decline in domestic brands was relatively small, and the market share has expanded. Among them, Zoomlion achieved 64.9% growth on a low base; Xiagong, Sany, Liugong, The year-on-year declines of Longgong and Shanhe intelligent were 19.0%, 24.2%, 28.8%, 35.3% and 38.5% respectively; among foreign brands, only Caterpillar fell within 40% (32%), while the Japanese and Korean brands Hitachi and Doosan , Komatsu and Hyundai's declines were 45.1%, 45.3%, 54.4% and 59.6% respectively; in 2012, the domestic brand market share reached 45.8%, which was 4.9 percentage points higher than that of 2011, of which the Sany Heavy Industry market share reached 13.1%, which was the same Increased by 1.9 percentage points, ranking first in the industry; Looking ahead, technological changes and structural changes in the proportion of small digging demand will bring further increase in the share of domestic brands, Sany Heavy Industry, Liugong, Xiagong, and Shanhe Domestic companies like Smart, Zoomlion and others will all benefit from it;

According to the association’s sources, since May 2012, infrastructure projects such as light rail projects have been approved for more than RMB 1 trillion. Some projects have already started, and the speed of payment for construction machinery companies is also accelerating. In addition, since April 2011, the construction machinery industry has continued to slump for nearly two years, and the energy for industry recovery is accumulating.

It can be seen from this that the mining machinery industry in the future will return to normal development track. Industry insiders predict that sales will be about 120,000 units in 2013, sales will be 134,000 units in 2014, and 150,000 units will be sold in 2015. No matter how the market develops, it can be predicted that everyone's prospects for the development of the excavator and construction machinery market are generally optimistic. Although the growth has slowed down from previous years, the construction machinery market that gradually returns to normal development track will develop steadily. In the search for another transformation and upgrading.