China Construction Machinery Business Online
May 2012, Crane Market Analysis in China

Truck crane drops sharply, XCMG accounts for half of the market.

According to the statistics of China Construction Machinery Business Online, the truck crane sales volume in May 2012 totals 2217 units, reducing 2.81% compared with last month and 40.19% compared with the same period last year.

From January to May, the accumulative truck crane sales volume totals 11193 units, with a year-on-year reduction of 45.79%. XCMG Heavy Machinery sells truck crane 5778 units, with the market share dropping to 51.62%, reducing 43.72% year-on-year. In terms of the market share, the first three places are respectively XCMG Heavy Machinery, Zoomlion and Sany Heavy Industry, with the total market share of nearly 90%.

Crawler crane gives an unsatisfactory performance, Sany Heavy remains top.

From January to May 2012, the accumulative sales volume of crawler crane is 688 units, with a year-on-year reduction of 20.83%, among which, Sany Science and Technology ranks the first with 223 units; XCMG ranks the second with 151 units; Zoomlion places the third, with the sales volume of 130 units. The competition mainly focuses on the first four enterprises. From January to May, Sany shows the best performance, achieving double growth; the other brands perform relatively worse.

Truck-mounted crane remains strong, with many brands growing obviously.

From January to May, the accumulative sales volume of truck-mounted crane is 4714 unit, with a year-on-year growth of 34.23%. Because of the new addition of Hunan Feitao and Changchun Shenjun, the growth value is not enough to be meaningful.

The major truck-mounted crane manufacturers are still XCMG Truck-Mounted Crane and Shijiazhuang Mining Machinery, with the respective sales volume of 2546 units and 748 units, among which, XCMG has a market share of 54.01%. In addition, Zoomlion Truck-Mounted Crane and Yutong Heavy Industry grow most, respectively 104.42% and 87.50%; XCMG grows by 31.03% compared with the same period last year.

Macroscopic interpretation

1. In the government conference held on March 5th, Premier Wen Jiabao said that China aims to grow its economy by 7.5% in 2012, which is the first time that the GDP growth is cut from 8% to 7.5% for 8 years.

2. Real estate: As to the real estate control policy, the official has confirmed not to launch new policy, but the current policy will not be loosened. Besides, the scale of indemnificatory housing construction hits a new high.

3. Railway: In the first half year of 2012, the investment to railway reduces compared with the same period last year; while in the second half year, the investment to railway will rebound due to the large-scale relaxation of the currency policy.

4. Highway construction: Though the currency policy in 2012 is positive, the highway construction still faces the capital shortage. During the twelfth five-year, the investment to highway construction decreases compared with 2010 and 2011.

5. Mining industry: Under the background of increasing resource price and stably growing demand, China’s mining industry shows stable growth trends. In 2012, because the global economy slows, the resource price is expected to fall slightly, while the investment to mining industry in China is expected to grow stably.

6. Water conservancy construction: Since 2011, the central and local governments have successively launched a series of files for the water conservancy construction. In 2011, the investment to the water conservancy construction totals CNY345.2 billion, with CNY114.1 billion from the central government and CNY231.1 billion from local governments. The investments from both central government and local governments hit a new high in the history.

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