China Securities Network News (Reporter Cui Xiaosu) On October 15, industry statistics disclosed by the China Construction Machinery Industry Association showed that among the 25 mainframe manufacturers included in the statistics, a total of 26,034 units of various excavation machinery products were sold in September this year, a year-on-year increase. An increase of 64.8%. Among them, the domestic market sold 22,598 units, a year-on-year increase of 71.4%. Export sales were 3436 units, a year-on-year increase of 31.3%. From January to September this year, a total of 236,508 units of various excavation machinery were sold, a year-on-year increase of 32.0%. Among them, the domestic market sold 212,820 units, a year-on-year increase of 33.2%. Export sales were 23,688 units, a year-on-year increase of 22.2%.
Data show that in September this year, the sales of medium-sized excavators led the market, and the sales of small excavators maintained a relatively high growth rate. In September, the domestic sales of large excavators were 3,123, a year-on-year increase of 52.5%; the sales of medium-sized excavators were 6311, a year-on-year increase of 106.4%; and the sales of small excavators were 13,164 units, a year-on-year increase of 63%.
Zheshang Securities estimates that the market share of the top 6 excavators from January to September this year is about 75%, which is an increase of 1.5 percentage points from the entire year of 2019. The leading effect is obvious. According to the judgment of Zheshang Securities, the top three domestic market shares of excavators from January to September were Sany Heavy Industry (26%), Xugong Machinery (16%), and Caterpillar (11%). Among them, the market share of Sany Heavy Industry was close to 29% during the single month in September, an increase of nearly 3 percentage points from the whole year of 2019. The market share is expected to continue to increase in the future.
Zheshang Securities predicts that excavators will continue to maintain high growth in the fourth quarter, and the annual industry sales growth rate is expected to exceed 30%. Real estate infrastructure investment continues to recover, and the demand for artificial replacement, environmental protection and replacement is expected to continue. It is estimated that the sales of excavators in 2020 will exceed 310,000 units, a year-on-year increase of more than 30%; the market share of leading companies will continue to increase.