Strong rebound in the second quarter, let's take a look at the first half of the year when the quality

Strong rebound in the second quarter, let's take a look at the first half of the year when the quality and quantity of pile construction machinery are flying together

August 10, 2020 09:30, First Construction Machinery Network Song Jiaman

In 2020, the beginning was somewhat difficult, and the force majeure of the epidemic brought significant impacts and challenges to manufacturing enterprises. Looking back at the first half of the year, behind these words, there were challenges seeking survival, breakthroughs and innovations, and bottoming out and rebounding.

According to data from the Pile Machinery Branch of the China Construction Machinery Industry Association, from January to June 2020, the total sales of the representative product of pile machinery, rotary drilling rigs, were 3613 units, an increase of 16.6% compared to the same period in 2019. Despite a year-on-year decline of 13.4% in sales in the first quarter, thanks to the active implementation of domestic epidemic prevention and control work and the continuous heating up of the resumption of work and production, the sales of rotary drilling rigs exceeded 2000 units in the second quarter, a year-on-year increase of 43.3%. Overall, after experiencing the "big test" of the epidemic, the pile construction machinery industry achieved both "quality" and "quantity" in the first half of the year.

Sales of rotary drilling rigs in the first half of 2019 and 2020

From January to June 2020, the sales growth rate of pile machinery enterprises included in the statistics showed a two-tier trend, with most small and medium-sized enterprises experiencing varying degrees of decline in sales due to the impact of the epidemic. Meanwhile, leading engineering machinery companies such as XCMG, Sany, Shanhe Intelligent, and Zoomlion Heavy Industry have maintained growth momentum based on their strong corporate strength and market accumulation, driving the industry to achieve a strong rebound in the second quarter.

Comparison of Sales of Pile Machinery Brands in 2019 and 2020

From the perspective of brand structure, XCMG and Sany still maintain a market share of over 40% in sales of drilling rigs, belonging to the industry's top tier; The second tier consisting of Shanhe Intelligence and Zoomlion Heavy Industries, as well as the third tier represented by companies such as Hengtian 95, CRRC, and Yutong, each hold a market share of 30% in total sales.

In the first half of 2020, the overall export market of Chinese piling machinery products tightened

In terms of exports, in the first half of 2020, due to the impact of the epidemic, the overall export market of Chinese pile machinery products tightened. According to Secretary General Guo Chuanxin of the Pile Machinery Branch of the China Engineering Machinery Society, "In recent years, the overseas demand for Chinese pile machinery products has continued to improve, but this year, under the impact of the epidemic, the overseas sales of domestic rotary drilling rigs have been affected." From January to June 2020, the export volume of Chinese pile machinery products decreased by nearly 28% compared to the same period in 2019. However, despite the decline in export volume, the overall growth of the piling machinery industry in China is still able to maintain momentum, which to some extent highlights the strong vitality and development resilience of the Chinese piling machinery industry.

Comparison of enterprise exports

According to Secretary General Guo Chuanxin, "At present, the technical level of China's pile construction machinery products is constantly improving, and is continuously upgrading towards large-scale, intelligent and other aspects. Not only has it achieved milestone breakthroughs in larger tonnage rotary drilling rigs and intelligent control technology, but product reliability is also gradually getting closer to foreign enterprises. XCMG rotary drilling rigs have set a record of 143m pile depth, using their strength to promote domestic brands!"! Shanhe Intelligent Rotary Drilling Machine has achieved multiple original achievements through independent innovation, gradually forming technological advantages in integrated control systems, intelligent human-machine engineering, specialized chassis design and manufacturing, hydraulic and working condition matching, and other fields. Behind the strong rebound in sales and the rebound in the second quarter, is the increasing innovation of the overall product research and development strength and the continuous improvement of product quality of the Chinese Piling Machinery Corps.

Although the current epidemic still affects the global economic trend, based on the strong rebound in sales in the second quarter of the piling machinery industry and the overall high-quality development momentum of the industry (enterprises), we expect that in the difficult and challenging beginning of 2020, the Chinese piling machinery industry will deliver a gratifying answer.