Machinery / Industrial Parts & Tools

According to the observation report of Huacheng import and export data, in October 2022, the market trend of construction machinery and heavy machinery declined slightly. Since the recovery in the second half of the year, the sales volume of the three sub segments of the crane market began to retreat. The construction was hot, but the market was slightly cold.

From the market perspective, according to the statistics of 7 truck crane manufacturers by China Construction Machinery Industry Association, 1635 truck cranes of various types were sold in October 2022, a year-on-year decrease of 3.02%, and 22536 truck cranes were sold in total, a year-on-year decrease of 49.5%.

In October, the year-on-year growth rate of auto crane sales turned from positive to negative. However, according to the CCTV Financial Excavator Index, the operating rate of auto cranes has taken the lead for 20 consecutive months, with the operating rate exceeding 80%, indicating the resilience of infrastructure investment. However, due to the market capacity factor and the entering of winter, the construction demand has weakened. Huacheng Import and Export Data Observation Report.

In terms of crawler cranes, according to the statistics of China Construction Machinery Industry Association on eight crawler crane manufacturers, 272 crawler cranes of various types were sold in October 2022, a year-on-year increase of 15.3%, and 2697 crawler cranes were sold, a year-on-year decrease of 22.1%. Huacheng's import and export data observation reported.

The volume of crawler crane is relatively small. After entering the third quarter, the market has obviously rebounded. Although the growth rate declined in October, it is still in a good market condition.

According to the observation report of Huacheng import and export data, in terms of truck mounted cranes, according to the statistics of 16 truck mounted crane manufacturers by China Construction Machinery Industry Association, 981 truck mounted cranes of various types were sold in October 2022, a year-on-year decrease of 42.5%, and 15813 truck mounted cranes were sold in total, a year-on-year decrease of 29.5%.

Relatively speaking, the truck mounted crane is the model with the largest drop among the three types of products. It is also affected by the cold weather, and the market demand is insufficient.

To sum up, the market demand for construction cranes in October was weakened due to seasonal factors, construction commencement and epidemic situation, and there was no dividend from the Fourth National Day switch. On the whole, the demand was weakened, as reported by Huacheng Import and Export Data Observation.