The Sales Data of Track Excavator in August: Demand is still light

It is reported that in August the total sales of track excavator industry is approximately 5,737 units, a year-on-year decline of 29%, it is below market forecasts. Compared to the past five years, sales in August shows a sequential fall of 6%, which is significantly lower than the average number of 3%.

Although infrastructure investment which is represented by a rail industry shows an increasing growth rate in August, due to limited recovery rate of bank credit and the downstream of the digging machine, the market demand shows obvious characteristics of the off-season, and the industry recovery point is further delayed.

Japanese brands generally have larger decline

Among the domestic brands, Sany still lead the industry, its monthly sales is 552 units, a year-on-year decline of 33.4%. Liugong, Xiagong respectively to achieve sales of 279 units and 123 units in single month, a drop of 34.4% and 49%; the performance of Sunward is quite satisfactory, it monthly sold 210 units, a decline of 21.1%; Lonking relatively has good performance, single-month sales is 242 units, showing a year-on-year positive growth of 14.2%; in support of large orders, Vanda continues to keep high growth since the beginning of the year, to achieve a positive growth of 157.4% on a low base. 

Major foreign brands such as Komatsu, Hitachi and other Japanese brands all have a larger decline, in a single month sold 390 units and 295 units respectively, showing a year on year decline of 47.3% and 54.2%. Kobelco performed better and achieved monthly sales of 446 units, a year-on-year decline of 11.7%; Doosan completed monthly sales of 383 units, down 35.3%; Caterpillar’s performance is relative prominence, the single-month sales is 519 units, only dropped by 1.5% year-on-year.

The proportion of small tonnage continues to rise, while large tonnage slides obviously

The product structure pattern of "strong at both ends and weak in middle" since the beginning of the year has changed, and those small models under 13 tons only have a year-on-year decline of 16.6% in August, still being the best performance of all types of products. We believe that after the peak period of investment in infrastructure, small excavators will maintain the momentum of the increasing application in the emerging field of investment in irrigation, municipal construction, road maintenance in a longer period of time, which is in accordance with development trajectory of Japan and other developed countries. 

The large tonnage excavators (30 tons and above), however, have a year-on-year decline of approximately 56.2%, and the drop is continue to expand than the previous month. Medium excavators are mainly used in the construction of large-scale infrastructure (13 tons -30 tons) shows a year-on-year decline of 29.4%.