Summary of Sales in the Internal Combustion Engine Industry in June 2021: Construction Machinery Returns to Stable Growth

Date : 2021-07-20

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The internal combustion engine industry operated steadily overall in the first half of the year.

 

In June 2021, there was a certain degree of decline in sales in the terminal market due to multiple factors, and coupled with an increase in the base during the same period, sales in the internal combustion engine industry also underwent certain changes: both month on month and year on year slightly decreased. The main reason for its impact is that the demand for passenger cars and motorcycles, which account for a large proportion, continues to decline; The commercial vehicle market has experienced a significant decline in sales due to the impact of the transition from National V to National VI; Construction machinery has ended its previous high growth and continues to return to stable growth; Agricultural machinery remained basically unchanged from last month; Power generation and landscaping machinery have slightly increased. The cumulative increase from January to June has decreased by 8 percentage points compared to the first 5 months, with a year-on-year increase of 28.16%. However, compared with the same period in 2019, there is still a growth of 11.70%, and the growth rate basically maintains the growth trend in the first 4 months. Overall Sales Overview: In June, the sales of internal combustion engines reached 3.9987 million units, a month on month increase of -4.28% and a year-on-year increase of -2.59%; The power completed 197.0662 million kilowatts, a month on month increase of -9.37% and a year-on-year increase of -16.61%. From January to June, the cumulative sales of internal combustion engines reached 25.0694 million units, a year-on-year increase of 28.16%; The cumulative power has reached 1359.4377 million kilowatts, a year-on-year increase of 25.54%.

 

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Classification of fuel types: In June, in the categories of diesel and gasoline, the sales of diesel and gasoline engines decreased to varying degrees on a month on month and year-on-year basis, with a slight decline in cumulative year-on-year growth compared to the previous month. Specifically, compared to the previous month, diesel engines increased by -7.33% and gasoline engines increased by -3.83%; Compared with the same period last year, diesel engines increased by -11.87% year-on-year, while gasoline engines increased by -1.02% year-on-year. Compared to the same period last year, diesel engines increased by 22.78% year-on-year, while gasoline engines increased by 29.21% year-on-year. In June, diesel internal combustion engines sold 504600 units (including 22500 units for passenger cars, 250200 units for commercial vehicles, 88800 units for construction machinery, 108300 units for agricultural machinery, 4400 units for ships, 26400 units for power generation, and 3900 units for general use), and gasoline internal combustion engines sold 3.4933 million units. From January to June, diesel engine sales reached 3.6253 million units (including 120400 units for passenger cars, 1.8628 million units for commercial vehicles, 591400 units for construction machinery, 868300 units for agricultural machinery, 22600 units for ships, 142100 units for power generation, and 17800 units for general use), and gasoline internal combustion engine sales reached 21.4357 million units. Sub market usage situation: In June, compared to the comparable caliber in the sub market, marine, generator set, garden machinery, and general machinery usage saw a month on month increase, while other uses saw varying degrees of decline. Specifically, passenger car usage increased by -7.86%, commercial vehicle usage increased by -12.83%, engineering machinery usage increased by -8.57%, agricultural machinery usage increased by -2.82%, marine usage increased by 20.23%, generator set usage increased by 15.23%, landscaping machinery usage increased by 11.80%, motorcycle usage increased by -3.19%, and general machinery usage increased by 8.34%. Compared with the same period last year, except for a decrease in usage for passenger cars, commercial vehicles, and agricultural machinery, all other uses have increased to varying degrees. Specifically, passenger car usage increased by -18.56%, commercial vehicle usage increased by -21.02%, engineering machinery usage increased by 11.75%, agricultural machinery usage increased by -0.07%, marine usage increased by 20.53%, generator set usage increased by 7.03%, landscaping machinery usage increased by 7.13%, motorcycle usage increased by 18.78%, and general machinery usage increased by 138.66%. Compared to the cumulative increase of the previous year, the growth rate of each category of use has declined significantly compared to the previous month. Specifically, passenger car usage increased by 23.03%, commercial vehicle usage increased by 25.14%, engineering machinery usage increased by 35.98%, agricultural machinery usage increased by 38.21%, marine usage increased by 43.31%, generator set usage increased by 15.32%, landscaping machinery usage increased by 27.62%, motorcycle usage increased by 32.25%, and general machinery usage increased by 39.72%. In June, 1.3511 million units were sold for passenger cars, 296700 units for commercial vehicles, 96400 units for construction machinery, 387900 units for agricultural machinery, 4400 units for ships, 142000 units for generator sets, 250200 units for garden machinery, 1.4429 million units for motorcycles, and 27000 units for general machinery. From January to June, a total of 8.8918 million units were sold for passenger cars, 2.2338 million units for commercial vehicles, 633700 units for construction machinery, 2.6354 million units for agricultural machinery, 22600 units for ships, 671700 units for generator sets, 1.3482 million units for garden machinery, 8.4979 million units for motorcycles, and 134200 units for general machinery. Main varieties classified by single and multi cylinder usage: In June, the sales volume of single cylinder diesel engines in the market remained basically the same as last month, with a year-on-year decrease and a cumulative slight year-on-year growth. In June, sales of single cylinder diesel engines reached 66400 units, a month on month increase of 0.06% and a year-on-year increase of -16.13%; The cumulative sales from January to June were 463700 units, a year-on-year increase of 1.18%. The top five companies in the rankings are: Changchai, Sanhuan, Sifang, Jinfeiyu, and Kemil. The sales of single cylinder diesel engines mainly used for agricultural machinery in June were 62700 units, a month on month increase of -2.32% and a year-on-year increase of 17.75%; The cumulative sales from January to June were 446100 units, a year-on-year increase of 0.45%. The commercial vehicle market for multi cylinder diesel engines showed a significant decline in June, driving a synchronous decline in the multi cylinder diesel engine market. The cumulative sales exceeded last year and have fallen from nearly 760000 units in April to 660000 units.

 

In June, multi cylinder diesel engine enterprises sold a total of 438100 units, a month on month increase of -8.36% and a year-on-year increase of -11.19%; The cumulative sales from January to June were 3161600 units, a year-on-year increase of 26.75%. Weichai, Yuchai, Yunnei, Quanchai, Jiefang, Xinchai, Jiangling, Foton Cummins, Dongfeng Cummins, and Shangchai all have historically good sales, accounting for 78.89% of the total sales of multi cylinder diesel engines; In terms of market share, Weichai has 20.45%, Yuchai has 10.92%, Yunnei has 9.33%, Quanchai has 7.23%, Jiefang Power has 6.84%, Xinchai has 5.73%, Jiangling has 5.56%, Fukang has 5.24%, Dongkang has 4.16%, and Shangchai has 3.43%.

 

In June, the sales of multi cylinder diesel engines for commercial vehicles reached 250200 units, a month on month increase of -9.62% and a year-on-year increase of 21.59%. The cumulative sales from January to June were 1.8628 million units, a year-on-year increase of 22.63%. The top ten in sales are Weichai, Yuchai, Yunnei, Jiefang Power, Jiangling, Fukang, Dongkang, Quanchai, Shangchai, and Jianghuai, with the top ten accounting for 88.83% of total sales; Weichai leads the market share of multi cylinder diesel engines for commercial vehicles, accounting for 24.45%, followed by Yuchai at 9.98%, Yunnei at 9.87%, Jiefang Power at 9.57%, Jiangling at 9.44%, Fukang at 8.89%, Dongkang at 5.07%, Quanchai at 4.14%, Shangchai at 3.88%, and Jianghuai at 3.42%. In June, the sales of multi cylinder diesel engines for construction machinery reached 88200 units, a month on month increase of -11.09% and a year-on-year increase of 12.93%. The cumulative sales from January to June were 588500 units, a year-on-year increase of 36.42%. The top ten in sales are Xinchai, Weichai, Quanchai, Yunnei, Yuchai, Guangkang, Caterpillar, Dongkang, Shangchai, and Jiefang Power. Its top ten sales account for 97.92% of its total sales. The production and sales of passenger cars, which are mainly equipped with multi cylinder gasoline engines, decreased to varying degrees in June compared to the previous month and the same period last year. Affected by this, the sales of multi cylinder gasoline engines in June also showed varying degrees of decline compared to the previous month and the same period last year.

 

In June, the sales of multi cylinder gasoline engines reached 1.3759 million units, a month on month increase of -8.99% and a year-on-year increase of -18.63%; The cumulative sales from January to June were 9.1484 million units, a year-on-year increase of 23.57%. Among the 53 multi cylinder gasoline engine enterprises, ten of them, including FAW Volkswagen, Zhejiang Geely, Changan Automobile, and Dongfeng Co., Ltd., ranked among the top in sales, accounting for 55.18% of the industry’s overall sales.

 

The proportion of passenger cars used in multi cylinder gasoline engines was 95.88%, with sales of 1.3286 million units in June, an increase of -8.25% month on month and -18.73% year-on-year; The cumulative sales from January to June were 8.7714 million units, a year-on-year increase of 22.80%. FAW Volkswagen, Zhejiang Geely, Changan Automobile, Dongfeng Co., Ltd., Shangtong Wuling, Honeycomb Power, Dongben Automobile, Shanghai Volkswagen Powertrain, Chery Automobile, Beijing Mercedes Benz and other companies rank relatively high in sales, with a cumulative year-on-year growth rate generally above 15%. The small gasoline engine industry mainly engages in import and export trade, which is significantly affected by the internal and external environment and has a significant impact. In comparable terms, the sales of small gasoline engines in June showed a slight increase both month on month and year-on-year. In June, the sales of small gasoline engines reached 875700 units, a month on month increase of 6.03% and a year-on-year increase of 8.98%; The cumulative sales from January to June were 4.9226 million units, a year-on-year increase of 41.43%. The top five sales companies are Longxin, Runtong, Huasheng, Lifan Internal Combustion Engine, and Suzhou Shuangma. In supporting agricultural machinery, the sales volume in June was 279600 units, an increase of 0.52% month on month and 5.48% year-on-year. The cumulative sales volume from January to June was 1.7671 million units, an increase of 56.16% year-on-year; In the field of supporting landscaping machinery, sales of 250200 units in June increased by 11.80% month on month and 7.13% year-on-year; The cumulative sales from January to June were 1.3482 million units, a year-on-year increase of 27.62%.