China Construction Machinery Business Online
November 2012, Paver Market Analysis in China

The sales volume falls 24.38% month-on-month.

According to the statistics of China Construction Machinery Business Online, the paver sales volume of the 14 major paver manufacturers in China totals 2063 units from January to November 2012. In November, the paver sales volume is 121 units, down 24.38% compared with last month.

XCMG Science and Technology retains top position.

From January to November, in terms of accumulative sales volume, XCMG Science and Technology ranks the first by 542 units, with a market share of 26.27%. Sany Heavy Industry is in the 2nd place by 503 units, with a 24.38% market share. In terms of the sales volume in November, Shaanxi Construction Machinery ranks the first with 28 units, followed by XCMG who sells 21 units.

The market share of 8-9.5m hydraulic crawler pavers declines.

From January to November 2012, the demand for the hydraulic crawler paver of 8-9.5m (including 9.5m) is still the highest, with the accumulative sales volume of 980 units and a market share of 47.50%; the next is the hydraulic paver of 9.5-12m (including 12m), with the accumulative sales volume of 487 units and a market share of 23.61%.

The hydraulic crawler paver of 8-9.5m (including 9.5m) retains a high market share this year, but its market share declines 11.53% compared with 2011; the demand for the hydraulic paver of 9.5-12m (including 12m) grows, with its market share growing by 12.37%.

Macroscopic interpretation

1. China sees its GDP grow by 7.7% year-on-year in the first three quarters of 2012, among which, the growth rate in the third quarter is 7.4%. Chinese economic growth continues to slow down in the third quarter, but it begins to stabilize. It is completely confident for China to meet the full-year growth target of 7.5%. China’s GDP growth rate has slowed down for 7 quarters, but according to the performance of export, investment and consumption and recent money supply, the economy is likely to hit the bottom, and recover in the 4th quarter.

2. Real estate: The growth of the commercial residential housing recently promotes the developers to increase the development strength in a certain extent, which however do not restrain the declining trend of the investment growth. In the future, on the premise that the regulation is not changed, the real estate is not expected to be good.

3. Railway and highway construction: According to the Ministry of Railways, China's fixed asset investment on the railway totals 580 billion yuan, among which, the investment in the infrastructure is 470 billion yuan. This means that there will be a climax on the railway investment in the fourth quarter. From January to August, the 227.77 billion yuan has been invested to the railway infrastructure, accounting for 48.5%, and the rest nearly 260 billion yuan will be used in the railway infrastructure in the fourth quarter.

The investment to the highway also shrinks with the year-on-year reduction of 7.8%, which is the first reduction for 10 years. We do not place too much hope on the highway construction investment in the second half year due to two reasons: 1. the local income from the earth is insufficient; 2. there is no obvious improvement on the local financing platform and channels.

4. Mining industry: Seen from the investment operations in the first half year, the mining industry still keeps rapid growth. However, the price of the resources represented by coal and iron ore shows a downward trend, besides, against the background of the economy slowdown, the demand and price will decline further, which will restrain the investment in the mining industry.

5. Water conservancy and electric power construction: Water conservancy and electric power are also important to promote the construction equipment industry, but not as significant as the industries above. From the operations of the first half year, the two subdivided industries present relatively stable performance. In the second half year, the two industries will maintain the level of the first half year, displaying good stability.

6. Export market: “Made in China” construction machinery products have been exported to many countries, mainly focusing on countries in Southeast Asia and Middle Africa. Along with the increased overseas expansion strength of Chinese equipment manufacturers and improved product quality, the overseas sales volume must show an upward trend. Besides, the high cost performance is the biggest advantage of China-made machinery for export.

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