At the beginning of 2021, the rapid growth of national infrastructure investment, mining, real estate investment and other market demand is strong, for China's wheel loader market demand to add sustained power.
According to the China Construction Machinery Industry Association statistics on 22 large loader manufacturing enterprises, as of October 2021, sales of all kinds of loaders 9,276 units, down 12.3% year on year.
Exports are hot in total sales:
From January to October in 2021, a total of 121,677 loaders of all types were sold, up 11.6 percent year-on-year. Total sales volume 93,154 units in China, up 4% year on year; Export sales were 28,523 units, up 46.6% year on year.
In order to better serve overseas markets, loader after-sales service network layout should be expanded. Main parts and components: engine assembly, Transmission assembly,Torque Converter Assembly, loader Drive axle assembly, hydraulic cylinder, hydraulic gear pump,loader multi way valve,etc., should be adequately stocked to reduce the waiting time for repair.
The domestic market remains an important pillar. According to the monthly sales changes in the domestic market in 2021, the concentrated construction of national engineering projects in the first quarter led to strong market demand. In addition, the low base caused by the impact of the epidemic in 2020 led to the peak of loader sales, and the sales growth stabilized in April-May 2021. From June to July, there was a continuous decline to still in a stable decline period.
Mainly in medium and large machinery sales:
By loader sales type, from January to October in 2021, the sales of medium and large loaders of more than 3 tons in China were 111,660 units, up 9.09% year-on-year, accounting for about 92% of the total sales volume. The sales of small loaders under 3 tons were 10,017, accounting for about 8%. Medium and large - scale machinery is the main loaders in China.
2021 is the first year of the 14th Five-Year Plan. China will maintain the continuity, stability and sustainability of macroeconomic policies and expand effective investment. It is expected that investment in infrastructure construction will maintain growth in 2021. In addition, the overall product ownership of the construction machinery industry is at a high level, many products are gradually entering the period of replacement, overlapping environmental protection policies are gradually stricter, emission standards are constantly improving, machine replacement of labor, internationalization from quantitative change to qualitative change, are expected to promote the continuous improvement of industry demand.
