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

According to the statistics of China Construction Machinery Business Online, in the first half year of 2012, the accumulative truck crane sales volume of 13 major truck crane manufacturers in China totals 13,287 units, with a year-on-year reduction of 43.13%. XCMG Heavy Machinery sells truck crane 6977 units, with the market share dropping to 52.51%. 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 91%.

Crawler crane gives an unsatisfactory performance, Sany Science and Technology remains top.

In the first half year, the accumulative crawler crane sales volume of 8 major crawler crane manufacturers in China is 857 units, with a year-on-year reduction of 17.60%, among which, Sany Science and Technology ranks the first with 271 units; XCMG Heavy Machinery ranks the second with 184 units; FuWa Heavy Industry places the third, with the sales volume of 151 units. The competition mainly focuses on the first four enterprises. In the first half year, Sany shows the best performance, with a year-on-year growth of 79.47%; the other brands perform relatively worse.

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

In the first half year, the accumulative truck-mounted crane sales volume of the 11 major truck-mounted crane manufacturers in China is 5708 units, with a year-on-year growth of 24.87%.

The major truck-mounted crane manufacturers are still XCMG Truck-Mounted Crane and Shijiazhuang Mining Machinery, with the respective sales volume of 3019 units and 941 units, among which, XCMG has a market share of 52.89%. In addition, Zoomlion Truck-Mounted Crane, Taian Furukawa and Yutong Heavy Industry increase largely, respectively 143.20%, 77.78% and 70.59%; XCMG grows by 24.55% 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.