The "over-compensation rebound" effect has not diminished, among which Sany Heavy Industry ranks first in the industry and continues to benefit.The industry expects that the annual sales of excavators are expected to be close to 300,000 units, and the sales growth rate is expected to exceed 25%.

 

The share of domestic brands exceeded 70%, and Sany continued to rank first

At the end of the first half of the year, the 25 main engine manufacturing enterprises included in the statistics from January to June sold a total of 170425 excavation machinery products, an increase of 24.2% year-on-year. the domestic market sold 155893 units, a year-on-year increase of 24.8%. export sales were 14,532 units, up 17.8% year-on-year.

In terms of market share, in the first half of the year, the market share of domestic brands has exceeded 70%, and the growth rate of industry leaders is significantly higher than that of the industry.Among them, Sany Heavy Industry's market share rose to 25.3% in June, ranking first.

Looking forward to July, the industry expects that the rapid growth of the industry will continue: at present, the production schedule of core component manufacturers in June and July has a year-on-year increase of more than 70%, combined with the inventory consumption of OEMs, it is expected that the sales of excavators in July will still maintain a year-on-year rapid growth, and the preliminary expectation of excavator sales growth rate in July will be more than 60%, and the annual excavator sales are expected to be close to 300,000 units, and the annual sales growth rate is expected to exceed 25%.

 

The "over-compensated rebound" continues to heat up, and the leading strong is always strong

Since 2020, "over-compensation rebound" has been the key word of Sany Heavy Industry. Driven by the resumption of work and production, traditional infrastructure and new infrastructure, the construction machinery industry continues to pick up, and the industry's "over-compensation rebound" effect continues to be released. This effect is particularly obvious in the "leader" Sany Heavy Industry.

The data shows that after the end of the first half of the year, the concentration of the excavator industry continued to increase, and the leading powerhouse was always strong. As of June 2020, the top four share concentration indicators in the industry increased from 59.6% in 2019 to 60.4%.The trend of increasing industry concentration remains unchanged, and the phenomenon of agglomeration to leading enterprises is obvious。

 

Jiemian News quoted the point of view that it has entered the traditional off-season of construction machinery sales, but under the condition that provinces and cities vigorously issue special bonds to stabilize the economy with infrastructure, the sales of construction machinery and equipment represented by excavators still maintain high growth and maintenanceThe off-season is not lightsituation.

Founder Securities released a research report stating thatSany Heavy Industry and other leading domestic OEMs are expected to usher in a double rise in "performance + valuation".In the context of high certainty of industry prosperity, leading OEMs have steadily increased their market share and stronger performance growth by virtue of their advantages in technology, scale, and channels. At the same time, with the resonance of new demand and updated demand, the industry maintained a high prosperity throughout the year.