Construction machinery industry grows rapidly toward stability

As of May, several major economic indicators of the construction machinery industry have shown negative numbers. Association members believe that this is a "pain period" in the process of rapid growth and stable growth. It is expected that the market sales volume will resume its growth in the second half of the year and the economic returns will rise steadily.

Data show that from January to May, the output of most of the construction machinery products continued to decline. The output of excavation shovels, excavators, and loaders fell by more than 5% year-on-year. Among them, the excavator had a larger decline, although the decline was narrower than the previous month by 6.95 percentage points, but it still fell by more than 10 percentage points year-on-year. However, the output of compacted machinery increased slightly, by 3.5% year-on-year, and by 8.23 ​​percentage points from the previous month. Compared to data from a month ago, the decline in output slightly improved.

For this bleak data, the Association believes that "it is by no means a downsizing of the industry, but a "during period" from rapid growth to stable growth."

Specifically, the construction machinery companies began to change their concepts, actively adjust the structure, transfer methods, and pursue development quality. Some high-end equipment has developed rapidly. 4000 tons of crawler cranes, 2,000 tons of truck cranes and 900 horsepower bulldozers have all been brought to the market. At the same time, the internationalization of the industry is accelerating. The overseas mergers and acquisitions of Chinese construction machinery companies have been in full swing in the past two years. Among listed companies, Sany Heavy Industry announced on July 1 that Sany International Development Co., Ltd., a wholly-owned subsidiary of the company, invested USD 5,489,700 to acquire 100% equity of Luxembourg company under CITIC Industrial Investment Fund Management Co., Ltd.

Association members believe that the current development trend of the construction machinery industry is steady. Although it is very difficult for the industry to recover to high-speed growth before 2011, the ups and downs will rarely occur. In the future, the national stable growth policy will gradually appear (such as shantytowns, etc.), and the overall situation of the industry is still promising and will show stability. The trend of sustainable development.

Association experts predict that the development of construction machinery industry in 2013 will be equal to 2012, or maintain a slight increase. It is expected that the market sales volume will resume its growth in the second half of the year and the economic returns will rise steadily.