According to calculations by domestic excavator parts manufacturers: the cumulative sales in the first three quarters hit a record high, and the annual sales may exceed 200,000 units. The market performance is better than expected, and the growth trend in the fourth quarter is expected.

Domestic excavator parts manufacturers: In September 2018, the excavator sold 13,408 units, +28% year-on-year, and +16% month-on-month. The cumulative sales from January to September were 156,242 units, cumulatively +53% year-on-year. During the period, Sany Heavy Industry sold 3,529 units, +47% year-on-year, +25% month-on-month, and cumulative year-on-year +59%; XCMG sold 1,500 units, year-on-year +27%, month-on-month +8%, cumulative year-on-year +77%; Liugong sales 814 Taiwan, +26% year-on-year, basically the same month-on-month, cumulative +79% year-on-year.

Excavator sales in September were +28% year-on-year, and the cumulative sales in the first three quarters hit a record high: September excavator sales were 13,408 units, +28% year-on-year and +16% month-on-month. The sales of Q1-Q3 excavators were 156,000 units, surpassing the historical high of 152,000 units in 2011. It is estimated that the sales of Q4 excavators are expected to reach 50,000 units (+30% year-on-year). According to the survey data of domestic excavator parts manufacturers, the production schedule of construction machinery is good in the second half of the year, and the cold season is not low, and monthly sales may increase. It is estimated that it is expected to exceed 200,000 units (+43% year-on-year). The crane and concrete machinery relay excavator height increases, and the crane shortage will continue to the end of Q3 (+50% throughout the year).

Sany Heavy Industry ranks first, and the market share of domestic brands continues to increase: From the perspective of key enterprises, domestic excavator parts manufacturers sold 3529 units in September, with a monthly market share of 26.32%. The growth rate is the first occupation and the leading position. Stability; the cumulative sales volume from January to September was 35,627 units, with a cumulative market share of 22.80%. Caterpillar, Xugong, and Doosan followed closely behind, with a monthly market share of 12.28%, 11.19%, and 6.41%. The market share of domestic brands this month was 58.32%, which was +0.17pct month-on-month. The market share of Japanese, Korean, European and American brand excavators were 15.06%, 9.97%, and 16.65%. During this period, the proportion of European and American brands continued to decline slightly, and the proportion of Japanese and Korean brands continued to rise. The monthly growth rates of Doosan, Komatsu and Hitachi all showed significant year-on-year growth. Is lower than professional.

Export sales continued to increase year-on-year, with large digging ahead of the growth rate of medium and small digging: In September, the export sales of excavators were 1,689 units, which continued to increase by +75% year-on-year, accounting for 12.61%, and the export sales continued to exceed expectations. Since 2018, the year-on-year growth rate of excavator exports has remained above 70%, and exports are becoming a new point of increase. Domestic manufacturers have deployed overseas for many years and have entered the harvest period. The demand for excavator exports along the “Belt and Road” is superimposed. Domestic excavator parts manufacturers estimate that export sales will continue to increase in the future. Domestically, the eastern, central, and western regions achieved sales of 3925, 3676, and 4101 units, an increase of 41%, 29%, and 5% year-on-year. The market share was 29.31%, 27.45%, and 20.63%. The sales growth rate in the western region declined year-on-year. , The market share of other regions remained stable. In terms of sales tonnage analysis, in September, the sales of small, medium and large excavators were 6,731, 4495, and 2,182 units respectively, accounting for 50%, 34%, and 16% of the total, an increase of 34.84%, 17.27%, and 30.58% year-on-year. Because the sales growth of Zhongda Dig in 2017 was relatively fast and the base number was relatively high, the growth rate of Zhongda Dig's sales volume has slowed down, and the proportion has decreased slightly; the growth rate of small Dig increased by 2.22pct from the previous month, and the proportion continued to expand.

The growth rate of downstream real estate investment has slowed slightly, and it is expected that infrastructure development will be good for construction machinery: the completion of real estate investment in August increased by 9.2% year-on-year, and the cumulative increase from January to August was 10.1% year-on-year; the newly started area of houses increased by 26.6% year-on-year. From January to August, the cumulative increase was 15.9% year-on-year, and the growth rate of real estate investment slowed down. From January to August, capital investment in infrastructure increased by 4.2% year-on-year. Recently, the national policy has been relaxed, and the approval of infrastructure projects represented by transportation infrastructure has accelerated significantly. Infrastructure investment is expected to usher in a rebound. For the whole year, domestic excavator parts manufacturers estimate that infrastructure investment has increased by 8% year-on-year. In addition, the tightening of environmental protection checks will accelerate the release of renewal requirements, and the switch to National IV standards from National III is expected to promote the early release of renewal requirements and lengthen the business cycle of construction machinery.