The construction machinery industry is gradually recovering

Release date 2024-11-19 14:37:25 Reading 9

　　 used excavatorThe construction machinery industry is gradually recovering, and the domestic sales of excavators have been increasing year-on-year for 8 consecutive months

　　As a barometer of the construction machinery industry, domestic sales of excavators have achieved positive year-on-year growth for eight consecutive months, with domestic sales in October increasing by over 20% year-on-year.

　　According to data from the China Construction Machinery Industry Association, in October 2024, used excavator major excavator manufacturers sold a total of 16791 excavators of various types, a year-on-year increase of 15.1%. Among them, the domestic sales volume was 8266 units, a year-on-year increase of 21.6%; The export volume was 8525 units, a year-on-year increase of 9.46%. Sell 10 electric excavators (5 in the 10 to 18.5 ton range, 4 in the 18.5 to 28.5 ton range, and 1 above 40 ton range).

　　 used excavatorFrom January to October 2024, major excavator manufacturers sold a total of 164172 excavators, a year-on-year increase of 0.47%; Among them, the domestic sales volume was 82211 units, a year-on-year increase of 9.8%; 81961 units were exported, a year-on-year decrease of 7.41%.

　　During the same period, the sales of loaders also achieved sustained growth, especially in terms of exports and sales of electric loaders.

　　 used excavatorAccording to data from the China Construction Machinery Industry Association, used excavatorin October 2024, major loader manufacturers sold 8355 units of various types of loaders, a year-on-year increase of 11.1%. Among them, the domestic sales volume was 4032 units, a year-on-year decrease of 7.08%; The export volume was 4323 units, a year-on-year increase of 36%. Sales of 1038 electric loaders (15 units of 3 tons, 811 units of 5 tons, 197 units of 6 tons, and 15 units of 7 tons).

　　From January to October 2024, major loader manufacturers sold a total of 90153 loaders of various types, a year-on-year increase of 5.29%. Among them, the domestic sales volume was 45442 units, a year-on-year decrease of 0.68%; The export volume was 44711 units, a year-on-year increase of 12.1%.

　　In addition, the construction machinery operating rate, which reflects the heat of engineering construction, is also on the rise.

　　According to data from the China Construction Machinery Industry Association, in October 2024, the monthly operating rate of the main products of construction machinery was 65.1%, an increase of 1.31% compared to the previous month. The monthly operating rate of excavators is 70%; The monthly operating rate of the loader is 63.9%; The monthly operating rate of automobile cranes is 80.1%; used excavatorThe monthly operating rate of crawler cranes is 63.5%.

　 used excavator　China Galaxy Securities stated that from the perspective of cyclical fluctuations, used excavatorthe excavator market has entered a downward cycle since 2022, and it is expected that 2024 will be the year when the domestic market bottoms out. Coupled with large-scale equipment renewal policies, a new round of renewal and replacement cycles is expected to gradually begin in 2025.

　　The gradual recovery of the construction machinery industry is also driving the recovery and growth of corporate profits. In the first three quarters of this year, the three major leaders in construction machinery continued their growth trend from the first half of the year, with net profits all maintaining positive growth. Among them, Sany Heavy Industry (600031) achieved a revenue of 57.891 billion yuan, a year-on-year increase of 4.22%, and a net profit of 4.868 billion yuan, a year-on-year increase of 19.66%; XCMG Machinery (000425) achieved a revenue of 68.726 billion yuan, a year-on-year decrease of 4.11%, and a net profit of 5.309 billion yuan, a year-on-year increase of 9.71%; Zoomlion (000157) achieved a revenue of 34.386 billion yuan, a year-on-year decrease of 3.18%, and a net profit of 3.139 billion yuan, a year-on-year increase of 9.95%.

　　 used excavatorIt is worth noting that Lan Fo'an, Minister of Finance, used excavatorintroduced at the press conference of the 12th meeting of the Standing Committee of the 14th National People's Congress held on November 8 that, starting from 2024, China will allocate 800 billion yuan of new local government special bonds every year for five consecutive years, which will be used exclusively for debt conversion, with an accumulated replaceable implicit debt of 4 trillion yuan. Add in the 6 trillion yuan debt limit approved by the Standing Committee of the National People's Congress this time, and directly increase the local debt resources by 10 trillion yuan. At the same time, it is also clear that the implicit debt of 2 trillion yuan for shantytown renovation due in 2029 and beyond used excavator will still be repaid according to the original contract. With policy support, the pressure of local government debt has been greatly reduced.

　　Multiple industry analysis agencies have stated that the simultaneous issuance of localized bonds used excavatorwill further boost demand for construction machinery and equipment.

　　Pacific Securities stated in a research report that it is expected that with the gradual implementation of the debt policy, it will be beneficial for the repayment of construction machinery projects, improve project capital turnover, drive the growth of physical workload, used excavatorand increase the operating rate, thereby driving the demand for construction machinery equipment. Combined with the large-scale equipment trade in policy and the continued favorable real estate policy, it is optimistic that the demand for construction machinery equipment will continue to improve.

　　 used excavatorGuolian Securities also said that in 2024, under the background of trillions of treasury bond promoting the landing of infrastructure investment, the bottom of the domestic market will recover weakly; At the same time, the introduction of various fiscal and economic stimulus policies such as the US infrastructure bill of about $1.2 trillion is expected to support the demand of the overseas construction machinery market. used excavatorWith the continuous deepening and expansion of the "the Belt and Road" initiative, and the acceleration of the replacement of European and American brands by Chinese brands in the Russian speaking region, there is still room for growth in the overseas market.

　　 used excavatorThe agency also stated that the rebound in domestic sales of excavators has spread to the "non excavator" product line. In the fourth quarter of 2024, the construction machinery sector is still expected to achieve good performance, and the signal of improved domestic market demand for excavators and other products has become more apparent

used excavatorFor more used excavator for sale information, click: https://www.uexcavator.com/

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The construction machinery industry is gradually recovering

We guarantee the quality of each machine and promise
to offer you the most favorable price.