Hong Kong "Ming Pao": Sany Heavy Industry leads the domestic excavator

Hong Kong's "Ming Pao" reported on February 22

Construction machinery is a heavy industry sector that has developed rapidly in the mainland in recent years, and it has a certain influence in the world in terms of scale and technology. I will report on the current situation and outlook of the industry in two parts.
First of all, from the figures, in 2010 China's construction machinery industry to maintain a rapid growth trend, according to the main enterprises, the main product statistics, product sales revenue increased by about 50% year-on-year, sales volume increased by more than 60% year-on-year. From January to December 2010, a total of 165804 sets of various types of hydraulic excavators were sold nationwide, a year-on-year increase of 78.25%. Among them, the market share of foreign brands is about 71.7%, and the market share of domestic enterprises is about 28.3%.
From the analysis of the market share of foreign brands, Japanese brands dominated the sales in 2010, with sales of 59,029 units, accounting for 35.6% of the total market share, a year-on-year decrease of 2.14 percentage points. In 2010, the market share of Korean brand machines was 24.5%, a decrease of 1.12 percentage points. The total sales volume of European and American brand machines in the entire Chinese market is relatively low compared with the sales of other brand series machines, which is 19,268 units, with a market share of 11.03%, an increase of 0.59 percentage points year-on-year.
The market is temporarily dominated by Japanese and South Korean models, and the domestic brand machine has a market share of 28.30% in the entire market, with a total of 46,928 units sold, and the sales volume of 11 domestic brand machine manufacturers in 2010 increased nearly 1 times compared with the same period in 2009. Among them, Sany Heavy Industry ranks first in China to produceMini excavatorsYuchai Heavy Industries, a machine-based manufacturer, ranked second. Among all the major construction machinery products, excavators are an important sub-industry in the next few years, and the excavator industry is a relatively low market share of domestic manufacturers, and there is a lot of room for growth of domestic enterprises in the future.