The development status of the construction machinery industry
1.Construction machinery operating income.
With the in-depth promotion of the "Belt and Road" economic strategy, China's new urbanization planning, railway and urban rail transit planning, social housing construction and other policies, the construction machinery industry is entering a stage of growth. According to the "2022-2027 China Construction Machinery Market Demand and Development Trend Prospect Report" released by the Industry Research Institute, in 2022, the domestic construction machinery industry will face downward adjustment pressure, affected by factors such as the slowdown in macroeconomic growth and the low effective operating rate of projects, the market demand will decline significantly, and the operating income will drop to 850 billion yuan. However, industry analysts**, the construction machinery market will gradually recover in 2023, and operating income is expected to rebound to 917 billion yuan, and further increase to 945.5 billion yuan in 2024.
.Construction machinery industry development policy.
3.Construction machinery market structure.
At present, the main products of China's construction machinery cover excavators, loaders, cranes, road rollers, bulldozers, graders, pavers, etc. In 2022, forklifts will account for 61 percent of the sales of major construction machinery products in China29%, ranking first; Excavators followed with 1528%；Loaders ranked third, accounting for 663%。
3.Sales of main products of construction machinery
1) Excavator sales.
In 2023, the operation of China's construction machinery industry will be stable, and the operating rate will remain stable and progressive. According to the statistics of the main excavator manufacturers by the China Construction Machinery Industry Association, in 2023, the national excavator sales volume will be 195018 units, a decrease of 25 compared with the same period last year4%。Among them, the domestic sales volume was 89,980 units, a year-on-year decrease of 408%；The export volume was 105038 units, a year-on-year decrease of 404%。
2) Loader sales.
According to the statistics of the main excavator manufacturers by the China Construction Machinery Industry Association, in 2023, the total sales of excavators in the country will be 103912 units, a decrease of 15 from the same period last year8%。In the domestic market, sales were 56,552 units, a year-on-year decrease of 301%；Export sales were 47,360 units, a year-on-year increase of 115%。Nationwide, the sales volume of electric loaders is 3,595 units, which are divided into 17 units of 3 tons, 2,765 units of 5 tons and 813 units of 6 tons. And in December, sales of electric loaders were 516 units.
4.Competitive landscape
As of December 29, 2023, the total market value of 30 listed companies in China's construction machinery industry reached 49536.9 billion yuan. Among them, there are 10 listed companies with a market value of more than 10 billion yuan. Sany Heavy Industry to 1168With a market value of 4.9 billion yuan, Hengli Hydraulics and XCMG Machinery ranked first with 7331.6 billion and 645The market value of 1.6 billion yuan ranked first.
II. Third. In addition, Zoomlion, Zhejiang Dingli, Hangcha Group, Railway Construction Heavy Industry, Aidi Precision, Anhui Heli, Liugong and other enterprises also entered the top 10, ranking 4th to 10th in market value respectively.
Key enterprises in the construction machinery industry
1.Sany Heavy Industry.
According to the financial report for the first three quarters of 2023, Sany Heavy Industry achieved an operating income of 561400 million yuan, a year-on-year decrease of 508%。The net profit attributable to the parent company was 404.8 billion yuan, a year-on-year increase of 1251%。In the first half of 2023, the company's main products include excavation machinery, concrete machinery, lifting machinery, road machinery, and piling machinery, accounting for respectively. 18%。
2.Hengli Hydraulics.
In the first three quarters of 2023, the company achieved operating income of 634.4 billion yuan, a year-on-year decrease of 2489%；Net profit attributable to the parent company was 175.4 billion yuan, a year-on-year increase of 025%。In 2022, the main products include hydraulic cylinders, hydraulic pump valves, accessories and castings, and hydraulic systems, accounting for respectively. 09%。
3.XCMG Machinery.
In the first three quarters of 2023, XCMG achieved an operating income of 716700 million yuan, a year-on-year decrease of 458%；The net profit attributable to the parent company was 483.9 billion yuan, a year-on-year increase of 350%。In the first half of 2023, the main products include earthmoving machinery, lifting machinery, concrete machinery, aerial work machinery, mining machinery, and road machinery, accounting for respectively. 26%。
4.Zoomlion.
In the first three quarters of 2023, Zoomlion achieved an operating income of 355100 million yuan, a year-on-year increase of 1587%；The net profit attributable to the parent company was 285.5 billion yuan, a year-on-year increase of 3165%。In the first half of 2023, the company's main products include lifting machinery, concrete machinery, aerial machinery, and earthmoving machinery, accounting for respectively. 18%。
5.Zhejiang Dingli.
In the first three quarters of 2023, Zhejiang Dingli achieved an operating income of 474.2 billion yuan, a year-on-year increase of 1377%；Achieved net profit attributable to the parent company of 129.4 billion yuan, a year-on-year increase of 4758%。In 2022, the company's main products include scissor aerial work platforms, boom aerial work platforms, and mast aerial work platforms, accounting for respectively. 80%。
Development prospects of construction machinery industry
1.The intensity of national policy regulation and control has been strengthened.
Recently, China's State Administration for Market Regulation, the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Agriculture and Rural Affairs, the Ministry of Commerce and other five departments jointly issued the "Guiding Opinions on Quality Infrastructure to Help the Quality Linkage Improvement of the Industrial Chain Chain", which clarified the action goals. The opinions require attention to strategic emerging industries and future industries such as new energy vehicles, integrated circuits, artificial intelligence, and quantum information, while taking into account traditional advantageous industries such as textiles and garments, household appliances, and construction machinery, and in-depth implementation of quality infrastructure to help improve the quality of the industrial chain, in order to achieve a series of major landmark achievements in building a modern industrial system that is safe and reliable, highly competitive, and has significant brand influence. In addition, the opinions put forward that by the end of 2025, a number of quality infrastructure projects will be laid out and built in advance. In the context of strengthening national policy regulation and control, the construction machinery industry is expected to continue to develop healthily.
2.The acceleration of infrastructure construction has driven the development of the industry.
The construction machinery market has broad prospects and long-term nature. China's huge demand for infrastructure investment in rail transit, highways, airports, ports and waterways, farmland and water conservancy, old city renovation, environmental protection and other infrastructure investment fields provides an opportunity for the sustainable development of the construction machinery industry. In addition, intelligence, electrification, and internationalization have become the long-term driving force for the progress of the construction machinery industry, bringing unprecedented strategic opportunities to the industry.
3.The level of internationalization will continue to accelerate, and exports are expected to maintain a high level.
At present, China's construction machinery market is at the bottom of the stage, and the leading enterprises are showing a strong and strong trend. With the help of the rapid improvement of product technology and service capabilities, the pace of internationalization of these enterprises will continue to accelerate. In addition, the effect of mechanical substitution, the improvement of international competitiveness, and the improvement of emission standards in the construction machinery industry have become the key factors to promote the growth of the industry, making the application scenarios of construction machinery increasingly extensive. Based on the overall advantages of China's construction machinery in technology, products and services, the export volume of construction machinery will continue to be maintained at a high level in the future.