Construction machinery industry, construction machinery industry status, construction machinery industry development trend Construction machinery industry, construction machinery industry status, construction machinery industry development trend
Construction machinery industry, construction machinery industry status, construction machinery industry development trend
[Construction machinery industry recovery is expected to exceed expectations]
Release date:[2019/2/21] Is reading[268]次

The National Bureau of Statistics said at a press conference held on January 21, 2019: "Although China is already the second largest economy in the world, the development of infrastructure construction is uneven, and there is a big gap between the developed countries and the developed countries. The development of large-scale development will increase the strength of infrastructure construction in 2019, and infrastructure investment is expected to continue to heat up. In terms of projects, infrastructure projects in various regions have been intensively approved. In the fourth quarter of 2018, the total investment of infrastructure projects approved by the National Development and Reform Commission has exceeded 1.2 trillion yuan. In addition, the Ministry of Transport and China Railway Corporation proposed in the annual work meeting that the investment target for road and waterway construction in 2019 will reach RMB 1.8 trillion, ensuring the commissioning of the new railway line of 6,800 kilometers. In terms of funds, the Ministry of Finance said that it will implement a proactive fiscal policy this year, which will greatly increase the scale of local government special bonds and support the construction of major projects under construction and short-term support. At the same time, PPP projects are also expected to accelerate, and the capital investment in 2019 is more optimistic. Looking forward to 2019, under the downward pressure of economic growth, infrastructure investment as a major force driving the economy has a large marginal improvement expectation, and the increase in infrastructure investment will directly benefit the construction machinery and rail transit equipment sector.

Construction machinery industry recovery is expected to exceed expectations

The recovery cycle of this round of construction machinery industry began in 2016. We believe that the sustainability of this round of construction machinery industry recovery is expected to exceed expectations due to the accumulation of inventory renewal demand and incremental demand. From the perspective of incremental demand, the continued recovery of infrastructure investment will be the main driving force for the growth of incremental demand for construction machinery. From the perspective of stock update demand, first of all, with the implementation of the “National Four” emission standard approaching, the construction machinery industry will usher in a large demand for replacement; secondly, most of the sales peak in 2010-2011 will be sold. The construction machinery has gradually reached the service life, and the demand for stock replacement of construction machinery will be gradually released around 2018-2021.

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