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"One Belt and One Road" Nuggets One Thousand Billion Market Construction Machinery Industry Ready to Go |
Public date:2018-3-17 Hits：8049 |
In deepening the supply-side structural reform process, the problem to be solved by the construction machinery industry is not the speed of development, but rather the achievement of high-quality, high-level development and progress. With the deepening of structural reforms on the supply side, the rapid advancement of infrastructure construction such as high-speed rail, highways, bridges, ports, and airports has also brought more room for development to the construction machinery industry.
It is an important task currently faced by the construction machinery industry to eliminate production capacity, destocking, de-leverage, reduce costs, supplement short boards, optimize the allocation of stock resources, and promote the transformation and upgrading of the manufacturing industry. Driven by the wave of smart manufacturing, leading companies have begun to apply a new generation of information technology such as the Internet of Things and big data to accelerate their transformation.
After ten years, the market of construction machinery industry ups and downs
The past 10 years of development of the construction machinery industry can be described as ups and downs and experienced a relatively complete industry development cycle. Since entering 2016, the construction machinery industry has embarked on a cold winter and has faced new changes and challenges due to numerous favorable influences such as the increase in fiscal policy and infrastructure construction.
The change comes from the rebalancing process brought about by the marginal changes at the supply side and the demand side. The challenge comes from the difference in total growth and structure. At the same time, many issues left over by history continue to be digested during this round of fall. For example, inventory equipment and channel inventory equipment, accounts receivable, the risk of bad debts continue to be released, and surplus capacity is also continuously reduced.
Since the second half of 2016, on the basis of the country’s policy of vigorously supporting urbanization, the number of infrastructure projects and municipal PPP projects has increased, driving the growth of sales of the entire excavator industry; in 2017, the structural reform of the national supply side entered a critical period in real estate. Thanks to a series of favorable factors such as investment, investment in infrastructure construction and replacement of old machines, the excavator has enjoyed a magnificent and sustained growth.
The life cycle of China's construction machinery is generally 8-10 years. From the peak of equipment sales in 2008, a large number of equipments need to be replaced. According to industry estimates, of the more than 700 million units of construction machinery in 2017, about 2.4 million old equipment will be gradually phased out, which will provide an effective market space for the sales of new machinery for construction machinery. The market demand for construction machinery plays an active role.
Corporate performance rebounded sharply and construction machinery warmed up
After going through a five-year “clipped-fall” decline, the construction machinery industry once again entered a period of rapid growth, and the performance of major leading companies has been significantly reversed.
According to the statistics of the excavator branch of the China Construction Machinery Industry Association, 25 mainframe manufacturing companies that were included in the statistics from January to December in 2017 collected a total of 140,303 excavation machinery products, an increase of 99.5% year-on-year; According to the statistics of the club, in 2017, 97,600 loaders of various types (including exports) were sold, an increase of 30,235 sets, an increase of 44.88%.
Due to the superposition of multiple factors such as the macroeconomic recovery and infrastructure investment, the performance of listed companies in construction machinery increased significantly in 2017. In 2018, the global economy showed signs of recovery. Investment opportunities in North American and Asian countries increased, and exports continued to favor exports.
In addition, the "air pollution prevention and control" system measures have been introduced in succession, new technologies such as artificial intelligence, Internet + manufacturing are gradually being applied, new business models of organic combination of online and offline logistics have emerged, and opportunities for development brought about by the upgrading of products and exports, It will accelerate the recovery of the construction machinery industry.
Cold Thoughts Under Unlimited Business Opportunities: Four Major Problems Remain Exist
Zhao Jun, president of the China Construction Machinery Industry Association, said that the interconnection of infrastructure facilities as a leader in the “Belt and Road Initiative” has directly stimulated the rapid recovery of the Chinese construction machinery industry. According to the financial industry's forecast, at least 800 billion U.S. dollars will be needed for infrastructure construction in key countries along the “One Belt and One Road” initiative in the next decade. The construction machinery market is making big strides in the country's "going out" strategy!
The “One Belt and One Road” continues to deepen and infrastructure investment still maintains a relatively high growth rate. At the same time, with the acceleration of PPP projects, the industry has gradually been upgraded and upgraded, and the construction machinery industry still has a large room for growth. In addition, the renewal period of construction machinery is generally 8 years, and it is currently 8-9 years from the last peak of construction machinery. The demand for future upgrades is huge.
In the overall improvement of construction machinery, we should also ponder over whether it is as optimistic as predicted, of course, the answer is no. So far, there are still four major problems in the development of the construction machinery industry: the pattern of stable development of the industry has not yet taken shape; problems and contradictions that have accumulated over the long term have not been fundamentally solved; the passive situation still exists; the characteristics of the front line in the fluctuations are prominent, and the ups and downs are difficult to avoid again. The long-term transformation of the growth mode has made limited progress in the conversion of new and old kinetic energy. This requires manufacturers in the entire industry to continue to seek breakthroughs and explore development laws.
At present, the construction machinery market has passed the cold period and entered a vigorous spring. The year 2018 will be a year in which China's construction machinery industry will continue to undergo in-depth adjustments and developments. Infrastructure investment will continue to grow at a high growth rate. Construction, new construction and newly approved infrastructure projects will advance smoothly, and a large number of PPP projects will also be launched. Implementation.
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