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China Excavator Market Demand Will Reach 120000 Units In 2014

2013-12-26 10:12:52



Excavator as the main earth moving machinery, engineering machinery has been in the past two years due to poor form, also have no recovery this year, but sales in November shows excavator have upward trend in the market. 2013 excavator market demand in China is expected to be 110000 units, the basic flat with 2012, 2014 of the size of the market demand is expected to reach 120000 units.

Recently, excavator sales figures released in October 2013, domestic excavator with 23.7% year-on-year growth rate, its highest monthly increase since April 2011, we have learned, excavator industry sales in October 7537, up 23.7% year-on-year growth of 8.9% in September. 1 - October excavator accumulative total sales of 97935 units, a 1-8.4% decline narrowed 1.8% in September.

Excavator sales in November 8148 (including export), rose 19% from last year November (year-on-year growth of 24% in October). Year-to-date excavator sales totaling 106163, year-on-year decline narrowed to 5% in accordance with our sales growth forecast for 2013.

Domestic sales year-on-year growth in November from 25% in October to 27% since March 2011, the highest monthly year-on-year growth (the month sales of its historic peak). Export sales year-on-year growth slipped to 43% again (year-on-year growth of 13% in October), as in November 2012, export sales very strong (up 63%).

Domestic sales seems to be recovering: in addition to the sales growth, working hours have also maintained strong trend - November komatsu/Hitachi excavator working hours in China grew by 7% year on year 4% / 10% / 17% slightly higher than the October increase. From a macro point of view, new housing starts are relatively strong, in November rose 59% higher than the 3% drop in October.

The personage inside course of study thinks, from the macro data, China's GDP grew by 7.8% in the third quarter rose 2.2% in September, the national industrial output rose 10.2% in the long-term stability of the macro economic environment, the construction machinery industry is expected to moderate rebound, and as one of the "barometer" products of the construction machinery industry, excavator sales recovery, indicates the industry will be faster in spring.

Excavator market in further digestive capacity at the same time, long-term perspective, China excavator market will reach 200000 units in the future more than the size of the market, China remains the world's largest excavator market, steady growth in the next few years China's excavator market trend.

It is important to note that although sales continue to rise, the market of construction machinery industry recovery hope again. Nevertheless, the personage inside course of study thinks, excavator sales data can't fully reflect the current market situation; And too much memory in the current industry equipment, the equipment is still in the low efficient use of time, thus hardly strong demand for new products, the industry as a whole recovery is uncertain.