In the second half of 2021, the heavy-duty truck market was affected by the dual impact of "comprehensive national six" and weak demand, and many segments successively handed over the report card of "big drop", and the segment of heavy dump trucks has handed over a report card of more than 50% decline for five consecutive months, and the average decline in the five months from July to November has reached 56%.
In December 2021, the overall performance of terminal sales in the heavy-duty truck market is still weak, and what is the performance of the heavy-duty dump truck segment in December?
Take a look at the analytical reports brought by the first commercial vehicle network.
December sales of 7632 units down 61% In the second half of the year, the average monthly sales volume was only 9200 units
According to the terminal sales data mastered by the first commercial vehicle network (traffic insurance caliber, excluding exports and military vehicles), in December 2021, the domestic heavy-duty dump truck market sold a total of 7632 vehicles, down 17% month-on-month and 61% year-on-year. From the perspective of the market in the past two years, the performance of 7632 vehicles in December 2021 is still at the "trough" level (as shown in the chart below). In the second half of 2021, the average monthly sales in the last six months were less than 10,000 vehicles (only more than 9,200 vehicles), an average decline of 57%. It should be known that the average monthly sales volume of the heavy-duty dump truck market in the first half of 2021 reached 31,500 units. Like the overall trend of the heavy-duty truck market, the heavy-duty dump truck market also showed two very different states in the first and second half of 2021.
From the perspective of cumulative sales, in 2021, the domestic heavy-duty dump truck market will have accumulated sales of 244,400 units, down 6% from 260,300 units in 2020 and about 16,000 units less than the cumulative sales in 2020. It is worth mentioning that the cumulative sales of heavy-duty dump trucks are in the decline range after November, in the first half of 2021, the cumulative sales of heavy-duty dump trucks market were 56,500 units higher than the same period last year, after a continuous decline in the second half of the year, the terminal sales of heavy-duty dump trucks turned from a cumulative increase of more than 40% (+43%) to a decline of 6%, and in the last two months, "late festival is not guaranteed", which is a pity.
As can be seen in the above chart, in the first four months of the second half of the year, the heavy-duty dump truck market has been exploring all the way down (that is, falling month-on-month), and there has been a brief rise in November (that is, month-on-month growth, one of the important reasons is that the deadline for the delay in the listing policy of China V heavy vehicles in many places is approaching, and the National V inventory vehicles are "forced" to be licensed). From a numerical point of view alone, the performance of the heavy-duty dump truck terminal market in the second half of 2021, whether it is a stable performance compared with the same period in 2020, or compared with the first half of 2021, it is very bleak.
According to the previous analysis of the first commercial vehicle network, from the second quarter, the start of infrastructure projects in various places was not as good as expected, and the construction of real estate projects was relatively bleak, resulting in a significant slowdown in demand for heavy dump truck terminals, which declined in May, and the market prospects in the second half of the year were dimmed in June due to the overdraft of "National Five Vehicles in advance"; in the second half of 2021, the situation of weak terminal demand was not effectively alleviated, as can be seen in the above figure, in the first half of 2021, The average sales volume of heavy-duty dump trucks reached 31,500 units, accumulating a cumulative increase of more than 40% in the first half of the year; in the second half of the year, the terminal market of heavy-duty dump trucks suddenly changed, with an average monthly sales of only 9,200 vehicles, and after the sales volume fell below 10,000 units in August, it never returned to the level of monthly sales of 10,000 vehicles.
Dongfeng landed at the top of the moon list for the first time in the year Yutong airborne top seven XCMG reversed the top six
In December 2021, the domestic heavy-duty dump truck terminal market fell by 61% year-on-year, and the mainstream enterprises in the heavy-duty dump truck market (the top 10 in sales) collectively ate 87.89% of the entire market share.
December 2021 domestic heavy-duty dump truck market sales list (unit: unit)
In December 2021, the heavy-duty dump truck market continued to suffer a sharp decline, but compared with the embarrassment of only one company achieving growth in the previous two months, the number of companies that achieved growth in December reached 3, of which XCMG heavy trucks ranked among the top six of the monthly list with 597 vehicles, an increase of 356% year-on-year, creating its best performance in the dump truck market in 2021; Yutong landed in the top seven of the monthly list of heavy-duty dump trucks with 537 vehicles and 7.04% monthly share, it is worth mentioning that Yutong 537 dump trucks listed on the road in December are pure electric models; Sany Group's sales continued to grow in December, an increase of 12% year-on-year, Sany harvested the only "12 consecutive rises" in the heavy-duty dump truck terminal market in 2021, which can be regarded as one of the few bright spots in the dump truck market that has been continuously declining; the decline in companies that suffered in December is double digits, many companies continue to suffer more than 50% of the big drop, and 5 of the top ten companies in monthly sales have fallen by more than 61% of the overall market. Among the companies that fell the most, the decline reached 80%.
In December 2021, only one company in the heavy-duty dump truck market sold more than 1,000, a decrease of 2 from November, this number was 4 in August, 6 in July, and 8 in June. In December, Dongfeng won the monthly sales championship in this segment for the first time in 2021 with a monthly share of 1590 units and a monthly share of 20.83%; Sinotruk ranked second in december with 941 units and a monthly share of 12.33%, up one place from November; Jiefang rose from 5th to third place in November with a monthly share of 766 units, with a monthly share of 10.04%; Hongyan and Shaanxi Automobile ranked 4th and 5th, respectively, with 713 and 681 heavy-duty dump trucks sold in December. Monthly shares were 9.34% and 8.92%, respectively. In December, the combined share of the top five players in the heavy-duty dump truck market was 61.46%, narrowing from November (77.19%).
In 2021, the cumulative sales of 244,400 vehicles Shaanxi Automobile won more than 40,000 yuan, and the share of heavy duty trucks and XCMG increased
In 2021, the domestic heavy-duty dump truck market sold a total of 244,400 units, down 6% year-on-year, and the cumulative decline was 3 percentage points wider than that of the previous November (-3%) and about 16,000 units lower than that of the whole of 2020.
2021 Heavy-duty Dump Truck Market Terminal Sales Ranking (Unit: Unit)
In 2021, the cumulative sales of the five enterprises of the First Group composed of Shaanxi Automobile, Dongfeng, Heavy Duty Truck, Hongyan and Jiefang in the heavy dump truck market exceeded 30,000 vehicles, of which the cumulative sales of Shaanxi Automobile, which ranked first, exceeded 40,000 vehicles, reaching 41,400 units, with a cumulative share of 16.94%; Dongfeng, Heavy Duty Truck, SAIC Hongyan and FAW Jiefang reached 37,500 units, 36,700 vehicles, 34,100 units and 30,000 vehicles respectively in 2021, which are the other four enterprises with cumulative sales of more than 30,000 vehicles In 2021, the share of the heavy-duty dump truck market was 15.36%, 15.03%, 13.96% and 12.26% respectively, the cumulative share gap between Dongfeng and Heavy Duty Truck was only 0.33%, and the share difference between Heavy Duty Truck and Hongyan was only 1.07%, and the gap between neighboring enterprises did not widen.
In 2021, only 2 of the top 10 heavy-duty dump truck sales companies achieved year-on-year growth, and more than one company entered the decline range in the cumulative sales volume in the last month of 2021, which is a pity. The growth was achieved by XCMG Heavy Truck and Sichuan Nanjun, with annual sales of 52% and 36% year-on-year growth in 2021, respectively; if the scope is expanded a little further, Sany Group, which ranks 12th in year-end sales, will also achieve growth in 2021, with an increase of 82%.
Compared with 2020, the competitive landscape of heavy-duty dump trucks in 2021 has changed a lot, with mainstream companies Zhongzhongtruk, Hongyan, Jiefang, Foton and Dayun maintaining their industry rankings in the same period of 2020; Shaanxi Automobile has risen from the industry 2nd to the first in the same period of 2020, Sichuan Nanjun has risen two places from 10th to 8th, XCMG has risen from 11th in the industry in 2020 to the top 10 in the industry, and Sany has risen from 14th to 12th in 2020. Shaanxi Automobile, Heavy Duty Truck, Sichuan Nanjun, XCMG and other enterprises in 2021 in the heavy-duty dump truck market share has increased significantly compared with 2020, of which Shaanxi Automobile's share increased by 0.99 percentage points, HEAVY Duty Truck's share increased by 0.31 percentage points; Sichuan Nanjun and XCMG Heavy Truck increased by 0.67 percentage points and 0.70 percentage points respectively.
There is a rise and fall, in 2021, there is more than one company's industry ranking lower than 2020, the competitive landscape of the heavy-duty dump truck market is not very stable, just look at the monthly ranking in November and December, there are no small changes, December "airborne" monthly sales list of the top 7 Yutong is a good example.
Conclusion
In the second half of 2021, due to the dual impact of "comprehensive national six" and weak demand, the continuous decline of the heavy-duty dump truck terminal market is actually expected, and the end of the heavy-duty dump truck market in 2021 with "6 consecutive declines" is also in line with the industry's expectations.
In January 2022, the country ushered in the favorable expectation of the start of infrastructure projects, which undoubtedly added a fire to the demand for dump trucks, but how strong is the demand? Enough to support the long-lost "growth" of heavy dump trucks? The market will soon give the answer.