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Review of Key Events in China Construction Machinery Industry in 2020

Release time:2021/6/8 11:24:24    Author:

THE FIRST QUARTE

●  Huoshenshan Hospital and Leishenshan Hospital were built and completed in a magic speed with timely assistance of hundreds of China’s construction equipment.

●  China Construction Machinery Association (CCMA) made quick and active co-ordination, vigorously promoted the industry to resume work and production, to realize and ensure rapid recovery of the economic operation of China construction machinery industry.

●  Sales of excavator in March, 2020 increased by 11.2% year-on-year, setting a record for a single month growth.

●  BICES 2021 exhibited at CONEXPO-CON/AGG 2020 in Las Vegas with show theme being released online as “Digital, Efficient, Green and Reliable”.

 

             THE SECOND QUARTER

●  Domestic leading brands announced price increases triggering a counter-trend surge in sales!

●  People's Daily reported : Excavators getting busy was a positive sign of economy recovery !

●  According to CCMA statistic, in the first 4 months of 2020, sales of excavators reached 114,056 units with 10.5% growth year-on-year; Total sales of excavators by 25 main manufacturers in May reached 31,744 units achieving 68% growth year-on-year.

 

             THE THIRD QUARTER

        ●  Chinese President Xi Jinping visited SUNWARD in September.

●  According to data from CCMA, China's sales of excavators from January to August exceeded 210,000, a year-on-year increase of 28.8%, which shew full recovery of China construction equipment market and industry.

●  12 main construction equipment’s sales in the first half year increased by 14.4%, and total sales revenue of 12 leading Chinese construction equipment manufacturers reached 232.2 billion yuan, gain a growth of 6.5% year-on-year.

●  BICES 2021 Press Conference and Show Countdown Ceremony were successfully held in Beijing in August.

 

              THE FORTH QUARTER

●  September statistic showing monthly sales of 26,034 excavators, up 64.8% year-on-year, which hit a record high for several months.

●  CCMA annual member’s congress was held in Changzhou with more than 400 representatives from key and leading enterprises attended. The congress voted for a new council members, and Su Zimeng was elected as the President of the Sixth Council, Wu Peiguo was elected as the Secretary-General of the Sixth Council.

●  China National IV Stage Emission Standard for off highway equipment was officially released, which will come into use in Dec. 1st of 2022, and gained high attention from all industry players.

●  BICES 2021 Networking Reception was successfully held in Shanghai by the end of November, China construction machinery exhibition enters into BICES 2021 time. Annual meetings of CCMA branches were successively held in the end of 2020, CCMA and BICES representatives participated in those conference and got BICES 2021 show brief and promotion, which gained the active response and participation from both exhibitors and the users.

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