China's excavator market forecast in 2018

On November 18th, 2017, the 21st annual meeting of China's mining machinery industry with the theme of “Striving for Progress and Win-Win” was held in Xuzhou. More than 200 people from industry association leaders, relevant corporate leaders, and users and media representatives gathered to discuss the new future of China's mining machinery industry!

In 2017, the global economic recovery trend continued, China's macro economy also maintained a stable and good trend, coupled with the growth of domestic real estate investment, PPP projects, product cyclical updates and other factors, and the low base effect in the first half of 2016, In 2017, the mining machinery market completely went out of the downturn and achieved rapid growth exceeding expectations. Sales volume reached a new high in the past five years, and the growth rate reached a record high. The Chinese mining machinery industry has entered a new stage of development.

In the “Excavation Machinery Industry Summit Dialogue” hosted by Mr. Zeng Guang’an, Chairman of the Liugong Group Chairman/Excavation Machinery Branch, Director of Sany Group, Chairman of Sany Heavy Machinery Co., Ltd. Yu Hongfu, Caterpillar (China) Investment Co., Ltd. Chairman Chen Qihua, Deputy General Manager of Xugong Group, General Manager of Mining Machinery Division, Chairman of Excavator Company Li Zong, Vice President of Sales and Marketing of Doosan Infracore (China) Co., Ltd. Ding Yuxi, Hitachi Construction Machinery (Shanghai) Co., Ltd. Deputy General Manager Wang Yuan, Volvo Construction Equipment Investment (China) Co., Ltd. President Yan Jiahui, Liugong Machinery Vice President Huang Min, Li Xingxing Machinery Group CEO Fu Yaosheng, and Hefei Xiangyuan Construction Machinery Co., Ltd. Chairman Zhou Chijun all participated in the dialogue. They analyzed and discussed the hot issues and development trends of the industry.

The dialogue guests overall predicted that the excavator market will continue to grow in 2018, but there are different opinions on the growth rate. Author organized as follows:

Chen Qihua, chairman of Caterpillar (China) Investment Co., Ltd., believes that the increase is between 15% and 20%; Yu Hongfu, director of Sany Group and chairman of Sany Heavy Machinery Co., Ltd., said that 0%~20% growth is possible. Accepted; Xu Zong Group Deputy General Manager, General Manager of Excavation Machinery Division, Chairman of Excavator Company Li Zong believes that the increase is about 10%; Zhang Quanwang, General Manager and CEO of Komatsu (China) Investment Co., Ltd. predicts that the market will have about 15% The growth of the company; Wang Yuan, deputy general manager of Hitachi Construction Machinery (Shanghai) Co., Ltd. believes that the market growth rate is between 10% and 15%; Mr. Yan Jiahui, president of Volvo Construction Equipment Investment (China) Co., Ltd., said that the market growth rate is 20%~30%. Ding Yuxi, vice president of sales and marketing of Doosan Infracore (China) Co., Ltd., predicts that the market will increase between 10% and 15%. Huang Min, director and vice president of Guangxi Liugong Machinery Co., Ltd., said that the growth rate is about 15%. Fu Yaosheng, CEO of Carter's agent Lixingxing Machinery Group, believes that the market growth rate can reach more than 30%; Zhou Chijun, chairman of Hefei Xiangyuan Construction Machinery Co., Ltd. predicts that the market will have about 20% increase.

According to the results of the pre-conference survey, the number of people who predicted that the excavator market grew by more than 10% in 2018 accounted for 43%.

As can be seen from the above forecast data, it is generally believed that the growth rate of the excavator market in 2018 is no longer so crazy.

The guests unanimously stated in the dialogue that the overall growth of the construction machinery industry in 2017 will be nearly 100%, and will cease to exist in the next few years. The industry growth will return to rationality, but the future excavator and even the entire construction machinery industry will be intelligent and green. The trend of high-end is to continue to move forward.