According to the statistics of China Construction Machinery Industry Association, the total sales of construction cranes in 2022 will be 46622, down about 40.0% from 79000 in the same period in 2021. The tower crane was included in the statistical scope of the Association for the first time. Although 21045 sets of transcripts were handed over throughout the year, the market performance was not optimistic in the face of the declining rental utilization rate.
After overcoming the adverse factors and creating a historical sales peak in 2020 and 2021, why did the construction crane encounter "Waterloo" again in 2022? Can we fight a turnaround in 2023? Let's look at the story behind the data!
construction crane:
The operating rate continues to lead for two years, and the truck crane is ready to start
As the core product of engineering cranes, the sales volume of truck cranes in 2022 will drop the most year-on-year, almost halving.
According to the data, from January to December 2022, the 7 auto crane manufacturers included in the statistics of the Association sold 25942 auto cranes, a year-on-year decrease of 47.2%.
The 8 crawler crane manufacturers sold 3215 crawler cranes, down 19.4% year on year.
16 truck-mounted crane manufacturers sold 17465 truck-mounted cranes, down 31.7% year on year.
Compared with 2021, the monthly sales volume of crawler cranes has little fluctuation. Compared with the traditional sales season in March, April, May and June 2021, the impact of the closure of many cities in the same period of 2022 is obvious.
Previously, the article "Inventory of 2021 Construction Cranes: Counter-cyclical, Export Injecting New Power" mentioned that the implementation of the "National Sixth" emission standard will inevitably bring the increment of equipment upgrading. After the release of demand in 2020 and 2021, the peak of machine purchase has passed. In the face of the unprecedented strict epidemic prevention and control in 2022, the enterprise stopped production; The decline in the sales of construction cranes is difficult to stop due to factors such as the industry entering a downward cycle and insufficient capital construction commencement rate.
In addition, according to public data, since January 2021, the monthly operating rate of truck cranes has been ahead of other equipment for a long time, and the domestic crane manufacturers have seized the opportunity of rapid development of the wind power industry. XCA2600, SANY SAC24000T and Zoomlion ZAT2400H, as the leaders of all-terrain cranes, have perfectly accepted the demand for large-scale wind turbines and constantly refreshed the new height of wind turbine hoisting.
In 2022, the export of construction machinery is still strong, and the performance of truck cranes is particularly prominent. According to the data released by the Association for the first ten months, the year-on-year growth rates of exports in August, September and October are 103.9%, 112.6% and 96.4% respectively, almost doubling.
Represented by the delivery of Sany SCE800TB-EV electric telescopic crawler crane to Dutch customers, XCMG XCC2000 telescopic wind crane completed the first lifting in Europe and other events, it marks that domestic crane manufacturers have entered the mainstream market in Europe and the United States, with both reputation and sales.
Construction crane:
The prefabricated building is good, and the potential of tower crane is being stimulated
As the core product of construction cranes, 21045 tower cranes have been sold throughout the year. The annual monthly sales data fluctuated little, with the highest sales volume of 2187 units in April and the lowest sales volume of 1334 units in December.
According to the annual utilization rate data of Pangyuan Lease, the annual average utilization rate in 2022 was 56.0%, down more than 10 percentage points from 66.2% in 2021, 64.4% in the same period of 2020 and 72.3% in the same period of 2019. It can be seen from the impact of the real estate downturn.
The proportion of output value of Pangyuan leased prefabricated buildings is a noteworthy figure. In 2022, the output value of Pangyuan leased prefabricated buildings accounted for 29.5% (28.1% in the same period in 2021); In December 2022, the output value of Pangyuan leased prefabricated buildings accounted for 33.0%, 28.2% in the same period of 2021 and 31.2% in the same period of 2020.
This figure is increasing year by year. In other words, from July 2022, the Ministry of Housing and Urban-Rural Development and the National Development and Reform Commission will vigorously develop prefabricated buildings. It is expected that by 2030, the proportion of prefabricated buildings in the new urban buildings of that year will reach 40%. Similar favorable policies will further increase the proportion of output value of tower cranes.
As the saying goes, "the greater the pressure, the higher the rebound", the more energy is stored at the low point and blooms at the high point. In 2023, the investment direction of infrastructure will still focus on traditional infrastructure such as water conservancy, transportation, agricultural and rural infrastructure, municipal and park reconstruction, and green energy construction, such as photovoltaic and wind power facilities construction, and new infrastructure such as ultra-high voltage and data centers.
Crossing 2022 and looking forward to 2023. It is believed that the Chinese engineering crane, which is sailing against the wind, will seize the opportunity to build a "moat" of one product after another by focusing on traditional infrastructure and new infrastructure. We also believe that tower cranes, which have occupied 1/3 of the market in prefabricated buildings, will also build more high-rise buildings, and the crane market will usher in a beautiful turnaround in the future.
