China’s Concrete Mixer Truck Sales Decreased by 80%YOY in May 2022

July 04,2022

Concrete mixer truck is the largest market segment in the field of construction vehicles. According to statistics from the Auto Thinker, in May 2022, the actual sales of mixer trucks was 2,265 units, a year-on-year decrease of over 80% (-81.9%). From January to May 2022, the actual sales of mixer trucks totaled 12,434 units, a year-on-year decrease of 78.2%.
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According to the terminal data from the auto thinker, the sales volume of mixer trucks in the past five years and the year-on-year ratio are as follows:
 
  2018 2019 2020 2021 Jan to May 2022
Sales (Units) 66568 69641 98981 98389 12434
Year-on-year growth (%) 45.0 4.6 42.1 -0.6 -78.2
 
From January to May 2022, the sales volume of mixer trucks dropped by 78.2% year-on-year, hitting a record low in the past five years. According to the research analysis, the main reasons are:

First, due to the impact of the epidemic, the economy has been under great downward pressure recently, and many construction projects have been suspended or delayed, resulting in shrinking demand for mixer trucks.

Second, since the beginning of this year, developers' investment in the real estate market has declined seriously, and the demand for mixer trucks has been greatly reduced.

According to the statistics of the terminal registration information: the sales ratio of mixer trucks with different tonnage in the past 5 years is as follows:
 
  2018 2019 2020 2021 Jan to May 2022
26-32T Sales (Units) 62241 66507 96704 98192 12384
26-32T ratio % 93.5 95.5 97.7 99.8 99.6
19-26T Sales (Units) 2663 2089 1287 197 50
19-26T ratio % 4.0 3.0 1.3 0.2 0.4
14-19T Sales (Units) 1664 1045 890 0 0
14-19T ratio % 2.5 1.5 0.9 0.0 0.0
Total sales (Units) 66568 69641 98981 98389 12434
Total proportion% 100.0 100.0 100.0 100.0 100.0
 
The sales volume of 26T-32T mixer trucks accounted for more than 90% of the total, occupying an absolute dominant position, and the proportion is expected to increase gradually.

The proportion of 19T-26T and 14-19T mixer truck is relatively small, and showed decreasing tendency year by year.

According to the terminal registration data, divided by power type, the sales volume and proportion of mixer trucks in the first five months of 2022 and in recent 5 years:
 
  2018 2019 2020 2021 Jan to May 2022
Sales of diesel trucks (units) 66235 69083 98090 96421 11915
Ratio of diesel trucks% 99.5 99.2 99.1 98.0 95.8
Sales of electric trucks (units) 0 0 396 1279 479
Ratio of electric trucks % 0.0 0.0 0.4 1.3 3.9
Sales of Gas-fueled trucks (units) 333 558 495 689 40
Ratio of Gas-fueled trucks % 0.5 0.8 0.5 0.7 0.3
Total sales (units) 66568 69641 98981 98389 12434
Total proportion % 100.0 100.0 100.0 100.0 100.0

The sales of diesel-powered mixer trucks occupy an absolute monopoly position, and in recent years, the proportion has been decreasing year by year;

The proportion of pure electric mixer trucks is increasing year by year;

The cumulative proportion of gas-fueled (mostly LNG) mixer trucks generally shows signs of decreasing, which is mainly related to the instability of gas prices.

According to the terminal registration information, the proportion of the top 10 mixer truck terminal sales in January-May 2022 compared with that in 2021:
 
Rank in 2021 Company Sales in 2021 (units) Proportion in 2021 % Sales from Jan to May 2021 Proportion from Jan to May 2021 Rank in Jan to May 2022
1 SANY Auto 21211 21.55 2599 20.9 1
2 Zoomlion 10813 11.0 2358 18.96 2
3 CIMC RJST 10262 10.43 1256 10.1 3
4 CIMC Linyu 9412 9.57 1181 9.50 4
5 XCMG Schwing 7863 7.99 971 7.81 5
6 Tanghong Zhonggong 6350 6.45 734 5.9 7
7 CAMA (Anhui Hualing) 5592 5.68 758 6.1 6
8 Yate Industry 5359 5.45 664 5.34 8
9 CIMC Vehicles 5105 5.19 623 5.01 9
10 Sinotruk 2252 2.29 379 2.50 10
  TOP10 Total 84219 85.6 11274 92.1  
  Industry Sales 98389 100.0 12434 100.0  

According to the statistics of registration information from all over the country: in the first five months of 2022, the market share of the top 10 mixer trucks in the region compared that with 2021:
 
Rank Regional market Sales from Jan to May 2022 (units) Market share from Jan to May 2022 % Market share in 2021 %
 
Share change compared with 2021
1 Sichuan 3890 31.2 4.72 26.49
2 Hunan 3606 29.0 24.65 4.35
3 Xinjiang 763 6.1 2.80 3.30
4 Guangdong 617 4.96 13.47 -8.51
5 Zhejiang 508 4.09 5.1 -1.01
6 Hebei 452 3.64 6.06 -2.42
7 Shanxi 356 2.86 3.70 -0.84
8 Shandong 226 1.82 7.10 -5.28
9 Gansu 223 1.79 2.20 -0.41
10 Hubei 216 1.74 3.20 -1.46
11 Total 10857 87.2 73.0 14.2

Source : www.chinaspv.com

Editor : Rosy

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