As a special operation vehicle engaged in oil and gas exploration and development, the structure of oilfield special vehicles is complex, the technical content is high, the production batch is small, due to the particularity of the industrial chain, perennial maintenance of a relatively balanced supply and demand. In 2020, the new crown pneumonia epidemic led to the stagnation of a large number of production and business activities, the market demand for commercial vehicles was suppressed, and the sales of oilfield special vehicles fell by nearly 20%. With the orderly resumption of production and life, as well as the continuous increase in oil and gas exploration and development in China, the downward trend of sales of oilfield special vehicles has been significantly curbed, and will show a relatively stable growth trend from 2022.
The sales trend of oilfield special vehicles in the past five years
According to the statistics of the Wuhan Inspection Center of the China Automotive Center, the cumulative sales of special vehicles for oilfields in mainland China will reach 2,263 units in 2023, a year-on-year increase of 2.49%.
Judging from the monthly trend, the sales of oilfield special vehicles showed an upward trend in most months, and only in April, July and August were negative month-on-month, forming two "small troughs". The decline in sales in April is a normal decline after the peak period of resumption of work. The upward trend in the sales of oilfield vehicles was reversed, and it was not until September that the sales volume of oilfield vehicles fell for two consecutive months, and it was not until September that the trend of low-speed growth resumed. Affected by the epidemic and rising geopolitical risks, global oil and gas prices fluctuated sharply in 2022, and oil and gas supply risks intensified. In 2022, the sales of oilfield special vehicles also showed an unstable trend of wide fluctuations, and showed weak performance in the third and early fourth quarters.
Compared with the monthly sales trend of oilfield special vehicles in 2023, the sales volume change in 2023 is relatively stable, with a year-on-year increase of 50% or more in July and October.
From the perspective of the sales structure of subdivided models, workover rigs and fracturing trucks lead other models with a cliff-like advantage, ranking firmly in the top two. Compared with 2022, the sales of well test vehicles in 2023 will show a "blowout" growth, jumping from 14th to 4th, while the sales of coiled tubing vehicles will fall out of the top 10. In 2023, the new models to be sold include pressure test vehicles, well pipe transport vehicles, vertical well drives, and pure electric workover rigs, but the sales volume will not exceed 5 units, while the sales volume of continuous sucker rod operation vehicles, spiral ground anchor vehicles, and salvage vehicles will only be 1 or 2 units in 2022.
The top 10 best-selling models in 2022 and 2023
From the perspective of the vehicle competition pattern, there will be 97 oilfield special vehicle companies on sale in 2023, a year-on-year increase of 29.33%, compared with 22 new entrants in 2022, Sany Energy Equipment Co., Ltd. among the new entrants broke into the top ten, becoming a dark horse in the "Northwest Market Rush War", and 9 companies did not achieve sales in 2023. The CR10 index of production enterprises was 57.93%, down 4.68% year-on-year, and the market concentration declined, intensifying the fierce competition in the market. Shaanxi Tongyun sits firmly on the throne of the first place in sales with an absolute advantage, and Shaanxi Chongmanka, Hubei Zhongyou Kehao, and Lanzhou GM, which will be at the end of the top ten in 2022, will all fall out of the top ten in 2023, while Hubei Huaxing's sales have grown rapidly, jumping from 18th to 2nd in one fell swoop. Among the top 10 companies in terms of sales volume in 2023, Tonghua Petroleum and Yantai Jereh have relatively obvious market adjustments. In 2022, Tonghua Petroleum's main market was Daqing, but in 2023, its sales in the city fell sharply, accounting for less than 5%. Tonghua Petroleum shifted its sales focus to Karamay, and as a result, its total sales volume rose one place. Yantai Jereh has vigorously tapped into the local market, and the number of vehicles sold in Yantai accounted for only 4.97% of its total sales in 2022, and the proportion has soared to 52.85% in 2023.
In 2023, it will be the top 10 manufacturers of oilfield special vehicle sales
From the perspective of chassis competition, the composition of the top 5 enterprises in the chassis market share is very stable, and Shaanxi Automobile Co., Ltd. still maintains the top position of "far ahead". In 2023, the CR5 index of chassis companies will be 75.74%, and the market concentration is still high. With the country's encouragement of domestic chassis and the technological leap of domestic chassis manufacturers, the dependence of mainland oilfield special vehicles on imported chassis has been further reduced, and the market share of imported chassis in the oilfield special vehicles sold in 2023 has decreased by 86.1% year-on-year.
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Written by | Edited by Liao Jiamei | Xiang Wenqian
Design | Xiang Wenqian
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