China's construction machinery growth is expected to continue in 2011

In 2010, China’s construction machinery was bullish on the support of national policies. From the data analysis of various research institutions, China’s construction machinery has achieved breakthrough development in 2010 after becoming a world’s largest engineering machinery company in 2007. With the introduction of the “Expanding Domestic Demand” policy in the Second Five-Year Plan, China's construction machinery growth rate is expected to continue its efforts in 2011.

I. China Construction Machinery's Gratifying Achievement in 2010 According to statistics, as of October 2010, China's construction machinery import and export trade volume was US$15.09 billion, an increase of 46.4% over the previous year. From January to October 2010, China’s construction machinery imported a total of US$4.2 billion in total machines, an increase of 61.5% over the previous year, accounting for 62% of the total imports, a decrease of 2.4 percentage points from the previous year; and the import of components and components was US$2.59 billion. The annual increase of 79.2%, accounting for 38% of total imports.

Statistics from January to November of 2010 show that all major models of China's construction machinery are showing significant growth. Excavator sales increased by 76.4% year-on-year, bulldozers increased by 65.3% year-on-year, road rollers increased by 56.4%, loaders increased by 54.8%, and motor graders increased by 41.0%. In the regional market, the rapid growth of the western region of China's construction machinery is particularly gratifying. From January to November 2010, the sales of loaders in Inner Mongolia and Xinjiang were over 10,000 units.

1. China Construction Machinery Brand Victory On August 17, 2010, the United States Federal District Court ruled that Jiangsu Shenxi Construction Machinery Co., Ltd. won the infringement case with the United States Saikaili Corporation and the Daxte Group, China's aerial work machinery industry The first case of international intellectual property litigation was concluded with the Chinese company’s victory.

2. China's construction machinery and technology warfare is encouraging In 2010, Chinese construction machinery industry enterprises increased their investment in scientific research, the number of research and development centers continued to increase, and the strength of scientific research continued to increase. At the end of October, with the approval of the Ministry of Science and Technology, Zoomlion established the National Concrete Machinery Engineering Technology Research Center. This is the first national engineering machinery industry and the only national engineering technology research center in the field of concrete machinery. On December 16, the foundation laying ceremony of the Jiangsu Xuzhou Engineering Machinery Research Institute was held. The institute has a total construction area of ​​89,800 m2 and a total investment of 730 million yuan. It will build 10 system technology test labs, comprehensive research and development bases and high-tech talent training bases.

3. Concentration of China's construction machinery increased In 2010, the sales volume of China's construction machinery market exceeded 400 billion yuan, among which sales of XCMG, Zoomlion, and Sany 3 companies exceeded 50 billion yuan, and Xugong is expected to reach 650. 100 million yuan. Sales of Liugong, Longgong, Shantui, and foreign-funded enterprises such as Komatsu, Doosan, Hitachi, and Kobelco have also increased substantially this year. In 2010, the sales of the above ten companies accounted for more than half of the total sales of the Chinese construction machinery market.

4, China's engineering machinery industry standard is released At present, China's construction machinery has repeatedly welcomed the development opportunities, in the coming spring of construction machinery, a fair competitive environment is an essential element of China's engineering machinery industry from a manufacturing power to a manufacturing power. .

From October 27 to October 29, 2010, the Fourth Session of the Fourth Session of the China Construction Machinery Industry Association was held in Chengdu. Of the eight proposals for the meeting, four were all related to regulating the competitive environment of the industry.

As early as 2006, in the second session of the third session of the China Construction Machinery Industry Association, the China Construction Machinery Industry Association has initiated and organized major construction machinery companies to jointly formulate the "China Construction Machinery Industry Self-discipline Convention."

Second, China's construction machinery market has great potential for exploration. 1. Infrastructure provides opportunity for the development of China's construction machinery. At present, infrastructure construction is the main factor driving the development of China's construction machinery industry. Take hydropower water conservancy construction as an example, the South-to-North Water Diversion Project is under construction. It is planned to add 63 million kilowatts of conventional hydropower capacity and 12 million kilowatts of new pumped hydropower capacity by 2015. The growth rate of hydropower construction will exceed 60%. After experiencing droughts in five Southwestern provinces last year, the installed capacity of Sichuan and Yunnan accounted for 89.2%. At the same time, water conservancy in the main grain-producing areas has become a key point, with a growth rate of about 240%.

In addition to the construction of water conservancy and hydropower, the construction of nuclear power and wind power will also become the main force of the domestic market for construction machinery in China. It is estimated that by 2020 China will invest 8 trillion yuan in energy construction.

In addition, the construction of China’s construction machinery market has also been directly stimulated by the construction of railways, highways, and some houses in China. During the “Twelfth Five-Year Plan” period, the national investment in transportation will reach 10 trillion yuan, which can stimulate China. The sensitive nerves of construction machinery.

2. The International Market Provides a Stage for China Construction Machinery On December 16, Yang Baode, Deputy Secretary-General of the Construction Machinery Association, stated at the “2011 Investment Strategy Annual Meeting” organized by National Securities that during the “12th Five-Year Plan” period, the China Construction Machinery Industry The growth rate will reach 17% and revenue will reach 900 billion yuan.

He said that sales of construction machinery in China accounted for approximately 1.5%-2.5% of the country's fixed asset investment, which is the strongest guarantee for the steady growth of the construction machinery industry in the next 20 years.

In addition, exports will be another powerful engine driving the growth of China's construction machinery industry. China's construction machinery products are more cost-effective than Europe, the United States, and Japan, and they have broad prospects in markets such as Africa and the Americas in the future. He predicted that China's construction machinery exports will reach 15 billion U.S. dollars next year.

3. New energy equipment is another bright spot for the growth of the future machinery industry In 2011, China's construction machinery will benefit from fixed asset investment. It is still the fastest growing sector, and new energy equipment manufacturing will usher in a new direction under the guidance of the National Twelfth Five-Year Plan. Growth points, especially nuclear power equipment, wind power equipment, etc.

China's installed nuclear power capacity ratio is less than 2%, which is still a considerable gap from the global average of 16%. This has also become an important driving force for the development of nuclear power. According to the long-term plan for nuclear power currently being formulated by China, the proportion of China's nuclear power in the total installed power capacity will reach 4%-6% by the year 2020. The corresponding installed capacity of 75 million kilowatts of nuclear power is approximately 9 times the current installed capacity of nuclear power, and the development space is worth looking forward to.

4. Some of China's construction machinery products are leading the trend Due to the sustained and rapid development of China's economy, China's construction machinery market still has huge development opportunities. Among them, the shovel machinery, concrete machinery, and excavation machinery are the three main products in the construction machinery industry and still have a leading position in the market.

Of course, at present, the proportion of small construction machinery represented by multi-function small hydraulic excavators in China accounts for the entire market for construction machinery products. Compared with North America, Western Europe, Japan and other developed countries and regions, there is still a big gap, but at the same time, this It also hinted at a signal to the market that if China’s national economic development level continues to increase, the market space for other small construction machinery is still very large. Because the labor costs gradually increase, the growth rate of this type of Chinese construction machinery will also be closely related to the national GDP. .

III. Comprehensive analysis: China Construction Machinery is bullish on the road in 2011. In 2009, the sales revenue of China's construction machinery industry exceeded RMB310 billion, achieving an increase of over 12%. In 2010, China's construction machinery industry was at a relatively high growth rate from the beginning of the year. On the one hand, the domestic market has a relatively high demand. In 2009, 4 trillion investment was still playing a role. On the other hand, the international financial crisis eased and the export volume stabilized. rise. From January to June 2010, China's construction machinery industry achieved a total output value of 214.589 billion yuan, an increase of 60.46% year-on-year.

With the active technological innovation in China's construction machinery industry, the market has performed strongly. At the same time, breakthroughs have been made in the manufacturing of thousands of tons of crawler cranes, high-power bulldozers, rotary drilling rigs, and shield machines; domestic brand hydraulic excavation Contrary to the upward trend, we have gradually entered the ranks of high-end products and our market share has steadily increased. China's construction machinery is bullish all the way in 2011, just as Yang Baode, deputy secretary-general of the Construction Machinery Association, spoke at the “2011 Annual Investment Strategy Conference” organized by National Securities. : During the “12th Five-Year Plan” period, the annual growth rate of China's construction machinery industry will reach 17%, and the income will reach 900 billion yuan. ”