1, Overview of overall sales of construction machinery products
(1) Excavator
Accumulated sales of 201131 units in 2024, a year-on-year increase of 3.13%. Among them, the sales volume in the domestic market was 100543 units, a year-on-year increase of 11.7%; The export market performance fluctuated, with 100588 units exported throughout the year, a year-on-year decrease of 4.24%. In December, sales reached 19369 units, a year-on-year increase of 16%, including 9312 units domestically (+22.1%) and 10057 units exported (+10.8%).
(2) Loader
Accumulated sales of 108209 units in 2024, a year-on-year increase of 4.14%. The sales volume in the domestic market was 54326 units, a year-on-year decrease of 3.94%; Export has become an important growth pole, with 53883 units exported throughout the year, a significant increase of 13.8% year-on-year. In December, 9410 units were sold in a single month, a slight decrease of 0.08% year-on-year, including 4501 units domestically (-19.6%) and 4909 units exported (+28.5%).
(3) Land leveler
The full year data for 2024 is not separately and fully calculated. Only 695 units were sold in December, a year-on-year increase of 30.9%. Among them, 78 units were sold domestically (+36.8%) and 617 units were exported (+30.2%).
(4) Road roller
In 2024, a total of 12350 units were sold (based on monthly data accumulation and industry estimates, note: due to the lack of official annual accurate segmentation, combined with monthly trends and past year proportions), a year-on-year increase of 8.2%. The domestic market was affected by factors such as the pace of infrastructure projects and equipment update cycles, resulting in an annual sales volume of 4820 units, a year-on-year decrease of 5.3%; The export market performed strongly, with 7530 units exported throughout the year, a significant increase of 25.7% year-on-year, becoming the core driving force for the growth of roller sales. In December, 1069 units were sold, a year-on-year increase of 17.1%, including 369 units domestically (-11.1%) and 700 units exported (+40.6%).
(5) Paver
The full year data for 2024 is not separately and fully calculated. In December, 121 units were sold, a year-on-year increase of 44%, including 87 units domestically (+40.3%) and 34 units exported (+54.5%).
(6) Automobile crane
From January to December 2024, a total of 19700 units were sold, a year-on-year decrease of 18.2%. The domestic market was affected by factors such as the adjustment of engineering construction mode and equipment ownership, resulting in a sales volume of 10511 units, a significant year-on-year decrease of 36.8%; The export market grew against the trend, with 9189 units exported throughout the year, a year-on-year increase of 23.5%. In December, 1384 units were sold, a year-on-year increase of 5.33%, including 637 units domestically (-26.5%) and 747 units exported (+67.1%).
(7) Crawler crane
The full year data for 2024 is not separately and fully calculated. In December, 229 units were sold, a year-on-year increase of 10.1%, including 67 units domestically (-13%) and 162 units exported (+23.7%).
(8) Truck mounted crane
The full year data for 2024 is not separately and fully calculated. In December, 1970 units were sold, a year-on-year increase of 13.3%, including 1664 units domestically (+21.2%) and 306 units exported (-16.2%).
(9) Tower crane
The full year data for 2024 is not separately and fully calculated. In December, 571 units were sold in a single month, a year-on-year decrease of 43.7%. Among them, 335 units were sold domestically (-62.5%), and 236 units were exported (+95%).
(10) Industrial vehicles (forklifts, etc.)
The full year data for 2024 is not separately and fully calculated. In December, 111329 units were sold, a year-on-year increase of 11.7%, including 67283 units domestically (+9.71%) and 44046 units exported (+14.9%).
(11) Elevating work platform
The data for the whole year of 2024 is not separately and fully calculated. In December, 13288 units were sold, a year-on-year decrease of 4.11%, including 5524 units domestically (-10.2%) and 7764 units exported (+0.79%).
(12) Aerial work platform
The full year data for 2024 is not separately and fully calculated. In December, 456 units were sold, a year-on-year increase of 14.9%, including 439 units domestically (+12%) and 17 units exported (+240%).
2, Subdivision data of road rollers (including fully hydraulic road rollers)
(1) Proportion and trend of fully hydraulic road rollers
As a high-end category of road rollers, the proportion of fully hydraulic road rollers in overall road roller sales will continue to increase in 2024, reaching 68%, an increase of about 5 percentage points compared to 2023. With the increasing demand for compaction quality accuracy in domestic high-end infrastructure projects such as high-grade highways and airport runways, as well as the release of infrastructure renewal needs in developed countries and regions overseas, the market share of fully hydraulic road rollers is gradually expanding due to their technological advantages such as efficient compaction and intelligent control.
(2) Domestic and overseas sales of fully hydraulic road rollers
Domestic market: In 2024, the domestic sales volume of fully hydraulic road rollers is about 3280 units. Although there are fluctuations in the overall road roller market in China, driven by high-end projects such as highway reconstruction and expansion, municipal fine engineering, etc., the demand for fully hydraulic road rollers is stable, mainly used in road sections with strict requirements for compaction flatness and uniformity.
Overseas market: In 2024, the overseas export volume of fully hydraulic road rollers is about 5120 units. Among the road rollers exported overseas, fully hydraulic products are widely used in large-scale infrastructure projects in Southeast Asia, the Middle East, Latin America and other regions (such as Thailand's highway network, Satsuma Highway, and Brazilian port supporting roads) due to their adaptation to international high standard construction specifications, helping Chinese construction machinery break through in the competition for high-end equipment overseas.
(3) Overseas market distribution of fully hydraulic road rollers
Asian market: mainly in Southeast Asia and the Middle East, with an export volume of approximately 2200 units in 2024. The infrastructure boom in Southeast Asia, such as the upgrading of urban roads in Vietnam and the construction of industrial parks in Malaysia, has led to a high demand for fully hydraulic road rollers; The oil wealth in the Middle East supports large-scale infrastructure projects, such as the construction of Dubai New City in the United Arab Emirates, where fully hydraulic rollers are favored due to their performance advantages.
African market: Although the overall demand scale is slightly small, the export volume will reach 800 units by 2024. In road repair and new construction projects in countries such as Nigeria and Algeria, fully hydraulic rollers are gradually opening up the market due to their durability and efficiency.
European and American markets: The European market will export approximately 1100 units in 2024, while the American market (North America+Latin America) will export approximately 1020 units. Europe has extremely high requirements for environmental protection and construction accuracy, while China's fully hydraulic rollers have penetrated into some small and medium-sized projects through technological improvements such as low noise and low emissions; The infrastructure demand in Latin America is strong in the Americas, while North America is accepting Chinese fully hydraulic roller products in second-hand equipment updates and small high-end projects.
3, Overall performance of overseas markets for construction machinery
In 2024, the export value of construction machinery in China reached 52.859 billion US dollars, a year-on-year increase of 8.87%. The growth of road roller exports is a reflection of the achievements of overseas market layout. The fully hydraulic road roller, with its technological advantages, has made efforts in more high-end infrastructure projects overseas, becoming a typical category for China's construction machinery to "go global" and break through towards high-end and differentiated development.
