The sales data of the construction machinery industry in October showed that the sales of excavators, bulldozers, and road rollers declined year-on-year. Under the environment of “Tiegongji†investment deceleration, the operating pressure of construction machinery companies increased significantly. Industry insiders pointed out that due to the difficulty in improving demand in the short term, the sales volume of construction machinery in the fourth quarter may have a significant decline.
Sales slipped significantly
"In general, the fourth quarter of each year is the peak season for sales of machinery products, but sales in recent months have continued to decline." The staff of the securities department of a listed company of machinery said.
According to the latest sales data released by the construction machinery industry in October, sales of excavators, bulldozers, road rollers, and cranes all continued to show negative growth, while loader sales increased slightly year-on-year, but still fell by 6.16%.
According to statistics, 12 major bulldozer manufacturers sold a total of 737 units in October, a year-on-year decrease of 21.34%; 26 major excavator manufacturers sold a total of 8,922 units, a year-on-year decrease of 27.75%; 14 major truck crane manufacturers sold a total of 1,934 units. The year-on-year decline was 5.93%.
According to export data, the export growth rate of the construction machinery industry slowed down in October. Bulldozers, rollers, and loader exports increased by 72.73%, 10.92%, and 22.99% respectively. Compared with September, exports of other products except bulldozers The growth rate dropped slightly. Although the leading enterprises in the machinery industry have accelerated the pace of overseas expansion, the future trend of export of construction machinery is not clear due to the impact of overseas economic recession.
Demand is hard to recover in the short term
From a number of listed companies in the construction machinery industry, it has been learned that the recent sluggish sales is a very common phenomenon. Due to the fact that the policy will not turn, the sales situation of the machinery market before the end of the year is unlikely to rebound significantly.
From the domestic point of view, the scale of railway investment has been reduced, construction progress has slowed, and infrastructure projects such as highways have also been forced to slow down due to monetary tightening. As “Tie Gongji†has always been a major customer in the construction machinery industry, the slowdown in demand has led to a significant drop in the growth of orders for related companies. At the same time, the continuing fermentation of the debt crisis in Europe and the United States led to sluggish external demand, and the export growth rate of the construction machinery industry declined. At the same time, overseas companies stepped up their mergers and acquisitions with domestic companies and expanded their domestic market share.
It is worth noting that with the decline in sales data, the construction machinery industry may experience increased competition. On the one hand, this year's raw material price fluctuations have exceeded expectations, and the profit rate of the machinery industry has entered a downward avenue. The decline in profit growth is faster than the decline in production and sales; on the other hand, the high-speed expansion of construction machinery capacity in recent years and the current There is a sharp contrast between the softening of demand and the contradiction of oversupply.
Sales slipped significantly
"In general, the fourth quarter of each year is the peak season for sales of machinery products, but sales in recent months have continued to decline." The staff of the securities department of a listed company of machinery said.
According to the latest sales data released by the construction machinery industry in October, sales of excavators, bulldozers, road rollers, and cranes all continued to show negative growth, while loader sales increased slightly year-on-year, but still fell by 6.16%.
According to statistics, 12 major bulldozer manufacturers sold a total of 737 units in October, a year-on-year decrease of 21.34%; 26 major excavator manufacturers sold a total of 8,922 units, a year-on-year decrease of 27.75%; 14 major truck crane manufacturers sold a total of 1,934 units. The year-on-year decline was 5.93%.
According to export data, the export growth rate of the construction machinery industry slowed down in October. Bulldozers, rollers, and loader exports increased by 72.73%, 10.92%, and 22.99% respectively. Compared with September, exports of other products except bulldozers The growth rate dropped slightly. Although the leading enterprises in the machinery industry have accelerated the pace of overseas expansion, the future trend of export of construction machinery is not clear due to the impact of overseas economic recession.
Demand is hard to recover in the short term
From a number of listed companies in the construction machinery industry, it has been learned that the recent sluggish sales is a very common phenomenon. Due to the fact that the policy will not turn, the sales situation of the machinery market before the end of the year is unlikely to rebound significantly.
From the domestic point of view, the scale of railway investment has been reduced, construction progress has slowed, and infrastructure projects such as highways have also been forced to slow down due to monetary tightening. As “Tie Gongji†has always been a major customer in the construction machinery industry, the slowdown in demand has led to a significant drop in the growth of orders for related companies. At the same time, the continuing fermentation of the debt crisis in Europe and the United States led to sluggish external demand, and the export growth rate of the construction machinery industry declined. At the same time, overseas companies stepped up their mergers and acquisitions with domestic companies and expanded their domestic market share.
It is worth noting that with the decline in sales data, the construction machinery industry may experience increased competition. On the one hand, this year's raw material price fluctuations have exceeded expectations, and the profit rate of the machinery industry has entered a downward avenue. The decline in profit growth is faster than the decline in production and sales; on the other hand, the high-speed expansion of construction machinery capacity in recent years and the current There is a sharp contrast between the softening of demand and the contradiction of oversupply.
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