In May, the data of excavators was launched. Following latest data in the engineering machinery industrial association, domestic sales of excavators totaled 11271 this May, up by 105.6% year on year. Accumulative sales in January to May totaled 66135, up by 100.5% year on year. Xinwei continues to maintain its leading edge and takes the first place with monthly sales of 2261 and marketing occupancy rate at 20%.
Measured from the overall sales, its sales reached 2261, up by 121% year on year. It once again ranked the first place. SANY took the place for six consecutive years before it. Measured from the concrete machine types, sales of 30 types of machines totaled over 100 in May. SANY SY75C-10 excavator took the first place with monthly sales at 530 or 9.47% of total sales.
People in the field indicated that comeback of demands for infrastructure as an important factor driving forth the industry and PPP project still constituted the impetus for steady growth. Following data of PPP in the Ministry of Finance, by the end of April, PPP projects put on record in the country tallied 12700 with total investment reaching 15.3 trillion Yuan. Projects put on storage in the country and aggregate input show a growing tendency year on year. Infrastructure is a major downstream market for engineering machinery with PPP projects continuing to grow. It would, without doubt, a major favorable factor for the engineering machinery industry.
In the meantime, updates also account for a big share for sales of engineering machines. In normal cases, engineering machines are 6-8 years in longevity. 8-9 years have gone by since the previous peak (2007-2011) of machinery industry. It will greet huge demand for updates in the following 2 to 3 years.
Measured from the world as a whole, ‘One Belt, One Road’ Initiatives facilitate interconnectivity of infrastructure, spur quickened growth of infrastructure building and foreign project contracting and yield huge demand. Export of excavators in May totaled 780, up by 12% year on year and by 8% qoq. Measured on the short- and long- term basis, overseas import business will form an important growing spot for margins for engineering machinery company.
Since 2012, engineering machinery industry has gone through five years of continuous in-depth adjustment. Some middle and small brands that are short of core technologies and competitiveness begin to withdraw from the market. The engineering machinery industry demonstrates the tendency of continuously improved concentration of marketing shares. Professionals reckon that Xinwei can’t have its first place shaken as it ranks atop in sales for six years on end. With its competitive advantages on full-series production lines, continuously growing overseas market and flexible online and offline sales strategies, Xinwei is taken positively by people in the field.