Excavator sales of 13822 units in November 2017 increased by 107% from a year earlier to 126,297 units in November-November, a cumulative increase of 99% over the same period of last year, according to statistics from China Construction Machinery Association's Excavating Machinery Branch. Statistics from Soochow Securities The best sales since April 2017, doubling the sales for the first time in nearly March. The sales growth is based on the rational rebound of supply and demand, which is the rational development of the stock market. From January to November 2017, the cumulative sales of excavators (12.67 million units) for the full year of 2015 and 2016. Considering the possibility of a declining growth rate in December due to seasonal factors, Soochow Securities forecasts a growth of about 100% in December and a year-on-year increase in 2017 100% growth, the annual sales of 140,000 units.
Soochow Securities believes that the current excavator sales and the domestic market situation is to match the cyclical uptrend and macroeconomic cycle closely.According to the high base effect in 2017, the industry growth rate will gradually decline in the next three years, the overall excavator market Will maintain a steady trend of shocks, is expected to 2018 ~ 2020 sales fluctuated in the 130,000 units.
In terms of specific brands, November sales of 3,999 units hit 3099 units, an increase of 118.86% over the same period of last year and 22.98% over the previous month. This year, it achieved a total sales volume of double-digit sales in seven months. From January to November, the cumulative sales were 27962 units, 121.76%. In terms of market share, Sany Heavy Industry sales topped the market with a single month market share of 22.42%; Caterpillar single-month sales of 1835 units, accounting for 13.28% of the market, and sales of 1205 units, accounting for 8.72%. Heavy industry as a leading domestic digging machine, single-month sales of more than two and three, and reflects the high concentration of the digging machine market. Sany Heavy Industry as a leader, with greater technical advantages, product advantages and service advantages.
In recent years, the sudden emergence of domestic digging machine, with unique sales, service and product cost, successfully occupy half of the domestic market.In 2017 November, domestic, Japan, Korea, Europe and the United States digging machine market share was 50.21%, 20.57% 11.71%, 17.51%. Japan and Europe and the United States brand market share continued to decline, the market share of domestic brands, Korean brands digestion.
Under the influence of a high base in 2016, domestic sales grew 107.4% YoY in November 2017, reflecting the strong momentum of this round of construction machinery recovery. Soochow Securities expects full-year sales of digging machines to reach 100 YoY in 2017 % Of growth,
