Since 2019, the concentration of China's construction machinery industry has further improved, leading enterprises have obvious advantages, and the market has gradually moved towards large-scale and strong enterprises; and the products of various enterprises have begun to penetrate each other, and the degree of competition has a trend of strengthening. One belt, one road, will be the core competitiveness of some construction machinery enterprises in China.
From January to November 2019, domestic leading Sany and XCMG excavators sold 55000 and 30000 sets respectively, with a year-on-year growth of 28.2% and 40.4% respectively. The growth rate of sales was significantly higher than that of the industry. Sany's share climbed to 25.6%, 2.5pct higher than that in 2018, ranking the first in sales for nine consecutive years. The share of XCMG climbed to 14.0%, 2.5pct higher than that in 2018, ranking second after caterpillar. Liugong, Shandong linggong and other domestic brands also achieved rapid growth. From January to November 2019, Liugong and Shandong linggong respectively sold 16000 excavators and 15000 excavators, with a year-on-year growth of 20.5% and 26.0%, both exceeding the growth rate of 15.9% of the industry as a whole; the market share was 7.4% and 7.1%, respectively ranking the fourth and fifth in the industry, with a year-on-year growth of 0.4 and 0.5pct respectively.
In the first 11 months, the sales volume of excavators of overseas brands caterpillar, Doosan and Komatsu were 2700, 15000 and 8000, respectively, with a year-on-year growth of 7.4%, 1.9% and - 16.3%, both lower than the average growth rate of the industry, of which Komatsu achieved negative growth. Compared with 2018, the market share decreased by 0.7, 1.0 and 1.3pct respectively. The market share of foreign brands is declining.