Cranes: Significant decline in the first quarter of strong growth in the second quarter

In the first half of 2011, China’s construction crane industry showed a strong growth trend. Sales revenues of four major types of mobile cranes (car cranes, all-terrain cranes, crawler cranes, and truck-mounted cranes) exceeded 25.1 billion yuan, a year-on-year increase of 22.9%; profits The total amount reached 3.69 billion yuan, an increase of 65.5% year-on-year; sales reached 29,056 units, an increase of 19.6% year-on-year.

In the first half of the year, a total of 23,246 truck cranes, the main product, were sold, representing a year-on-year increase of 16.5%, accounting for 80% of the sales of mobile cranes. Among them, 75 t, 110 t, and 130 t have a larger increase. March was the sales peak for truck cranes. It achieved sales of 6,860 units (including all-terrain cranes) in a single month, hitting a record high and rising 56.7% year-on-year. However, sales began to decline significantly in April, and the rate of sales was reduced by 1,000 units. In June, sales were only 2,716 units, a decrease of 26.6% year-on-year. Affected by the current financial policy and project construction volume, this downward trend is expected to continue into the third quarter.

In the first half of the year, sales of all-terrain cranes were 119, an increase of 35.2% year-on-year. The sales of products are mainly a total of 11 series of 160-500 t. Among them, Xuzhou Heavy Industries Co., Ltd. covers 10 series of products and its sales volume has increased by 34.9% year-on-year. Sales of XCMG, Zoomlion’s 260t and Sanyi’s 220 t all-terrain cranes have even doubled. The increase in sales volume in the domestic market has greatly reduced the import volume of all-terrain cranes, and also provided a basis for the development of domestic brands.

Crawler crane sales totaled 1,056 units, an increase of 31% year-on-year. The peak of sales also appeared in March, with 250 units sold in the month and a year-on-year increase of 65%. However, due to the decline in sales after April, the first half year-on-year growth of 31%, compared with the first quarter growth of 53%, compared with a drop of 22%.

The sales of truck-mounted cranes totaled 4 573 units, a year-on-year increase of 35%. The development was relatively stable, and the downward trend was not obvious.

From the export perspective, crane exports have increased significantly in the first half of 2011, but there is still a considerable gap from the highest historical record of export levels in 2008, with a total of 1,618 units exported, an increase of 46% year-on-year. Among them, 1,211 truck cranes (including 14 all-terrain cranes) were up 44.3% year-on-year; 220 crawler cranes were exported, up 28.7% year-on-year; and 187 truck cranes were exported, up 95% year-on-year. The export enterprises mainly include: XCMG, Zoomlion, Fusong Heavy Industry and Sany.

China's mobile cranes have a high concentration of production. According to the data analysis in the first half of 2011, Xuzhou's sales of heavy-duty truck cranes accounted for 50% of the industry, Zoomlion accounted for nearly 27%, and Sany accounted for nearly 10%. The three largest companies collectively reached 87%. Zoomlion, XCMG, Fusong Heavy Industry and SANY are the four major manufacturers of crawler cranes. The sales volume accounts for 29%, 22%, 19% and 15% of the industry respectively, and the market competition for crawler cranes is continuously increasing. . At the same time, Xu Suihe, a large-scale production crane for truck-mounted cranes, performed well with stone coal machines, and its sales volume accounted for 53% and 20% of the industry respectively. However, because there are too many small and medium-sized factories in the industry, there are still defects such as non-standard sales, management, and service systems.

In the first quarter of 2011, China's mobile cranes developed too quickly but slowed down in the second quarter. For the market trend in the second half of the year, the variables are still large and the industry should pay close attention.