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

Date:2022-07-04 Author:Rosy Source:www.chinaspv.com

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:

 

 

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

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