The current operation of the stock construction machinery market has the following characteristics:
Second and third tier cities continue to accept the surplus stock of first tier cities
As a first tier city in China, Beijing, Shanghai, Guangzhou, and Shenzhen have held large-scale events such as the Olympics, World Expo, Asian Games, and Universiade. As urban construction shifts from unconventional development in the early stages of the grand event to conventional construction, the problem of surplus construction machinery in stock is becoming increasingly apparent. However, the construction boom period of second and third tier cities lags behind that of first tier cities. Therefore, the surplus construction machinery from first tier cities flowing to second and third tier cities has become an inevitable choice for the market.
The stock of eastern coastal provinces and cities has shifted to central and western provinces and regions
The formation of this characteristic is based on two premises: firstly, with the development of the western region and the rise of the central region, construction projects in the central and western regions are increasing year by year; Secondly, the economy in the western region is underdeveloped, and the existing stock of construction machinery and equipment cannot meet the needs of new construction projects. However, developed regions, especially the eastern coastal provinces and cities, have strong economic strength, resulting in an excess of existing construction machinery. As a result, the situation of engineering machinery groups advancing westward in developed regions is becoming increasingly prominent. This group style westward movement often focuses on high-end and large-scale construction machinery and equipment.
Coexistence of concentrated and dispersed guerrilla attacks
According to a Henan master who has been working outside for nearly 10 years and owns his own excavator, there are currently thousands of excavators in just one county in their hometown. In recent years, he and his fellow villagers have been organizing construction projects in large cities such as Wuhan, Shenzhen, and Guangzhou. Often, dozens or hundreds of excavators can be assembled with just one phone call. According to Manager Zhang, who has been in Shanghai for many years, the current business in Shanghai often lacks sufficient food. Like Master Li Ciyin, Manager Zhang also comes from Underdevelopment. In addition to focusing on big cities and economically developed areas, Manager Zhang and Master Li also have close ties with economically Underdevelopment. It is reported that currently, the construction machinery group, mainly composed of their fellow villagers, has shown a dispersed guerrilla trend of "going up to the mountains and down to the countryside".
The surplus stock of "water conservation base" diverted from "iron public base"
The term 'water conservation base' here refers to the construction of major infrastructure such as water conservancy, affordable housing, energy, and transportation; The term "railway infrastructure" refers to the construction of major projects such as railways, highways, and airports. During the 11th Five Year Plan period, "Tiegongji" achieved the "gold mining tide" in the construction machinery industry. During the 12th Five Year Plan period, the country placed greater emphasis on ensuring people's livelihoods, increasing domestic demand, and adhering to scientific development. The adjustment of the national development strategy means that during the 12th Five Year Plan period, there will be a cooling down of the "Railway Public Infrastructure" projects, and it is necessary to focus on, select, and control the construction of infrastructure such as railways, highways, airports, etc; At the same time, we need to increase financial investment and investment and financing policy support for water conservancy projects, affordable housing projects, and farmland remediation projects. Such a transformation will inevitably result in a relative surplus of construction machinery that originally participated in the construction of the "Iron Public Foundation" project, while newly started water conservancy, affordable housing and other "water conservation" project construction projects will create new space for diverting the excess stock of the "Iron Public Foundation".
The growth rate of existing construction machinery has slowed down, and the overall unit efficiency has declined
It is understood that construction machinery in Shanghai, Nanjing, Wuhan, Harbin and other places is facing not only a slowdown in external demand, but also an increase in borrowing costs and fast wages