Chinese manufacturers provided growth to the Russian market of special equipment
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According to the results of the year, the special equipment market will grow by 75%, up to 87 thousand units, follows from the forecast of Gazprombank Leasing, which is agreed with in the industry. Demand in the market is formed by infrastructure projects, including road construction. At the same time, 70% of the market falls on brands from China: Kommersant’s interlocutors, noting the negative experience in servicing equipment, emphasize that the Chinese can provide large volumes, unlike domestic factories. The latter, however, are increasing output, insisting on the need to limit imports by fees.
Gazprombank Leasing expects that by the end of the year 87 thousand units of road construction and special equipment (DST) will be sold in the Russian Federation. In 2022, the market for special equipment amounted to 49.6 thousand units, the company said. Thus, the forecast assumes a market growth of 75% in 2023.
DST sales growth is facilitated by “serious wear and tear” – more than 50% of the fleet needs to be updated, according to Gazprombank Leasing. The active construction of infrastructure, especially road infrastructure, also affects. “So, if in 2022 1.6 thousand km of federal highways and roads of federal significance were reconstructed, then this year more than 2 thousand km have been reconstructed,” explains Maxim Kalinkin, CEO of Gazprombank Leasing. He notes that the market estimate of 87,000 vehicles was made based on data for 2022 that two units of specialized equipment were required for the construction and reconstruction of 1 km of federal highways. In addition, “there is still potential in quarry, mining and forestry equipment, where replacement by Russian and Chinese suppliers is occurring at a slower pace,” the company added.
In the first half of the year, according to Gazprombank Leasing, sales in the segment have already amounted to 34.9 thousand units, of which 70% were Chinese brands. The top of the market is now XCMG, Sany, LGCE, LiuGong, Zoomlion, Lonking, Shantui, which have come to replace European and Japanese manufacturers. Domestic factories sold 2.6 thousand pieces of equipment against 2.5 thousand a year earlier.
Against the background of a general increase in the production of Russian DST, Rosspetsmash notes a drop in the production of motor graders, backhoe loaders, caterpillar bulldozers due to an increase in imports (for a number of positions – several times).
“Given the large-scale support that foreign companies receive, the factories of the Russian Federation are forced to work in unequal conditions of competition,” they say. Factories are investing in the creation and expansion of production, developing new types of equipment, the association says, but additional state support is needed in the form of grants for the development of components, as well as an increase in salvage rates to limit imports.
Denis Kudryavtsev, director general of the Spetsavtoprom association, calls the market forecast of 87,000 units adequate to the situation. The second half of the year is traditionally higher in terms of sales, especially the fourth quarter, when transactions are activated both from government customers (including the bulk of regional purchases) and commercial customers (including due to the expectation of a rise in equipment prices from January 1), says He.
There is still a lot of Western brand equipment on the market, but it will gradually leave due to difficulties with service and repair, states Denis Kudryavtsev. “If the equipment is out of order, they look for spare parts from other faulty machines, and with new spare parts for parallel imports, there are big problems with both price and delivery time,” he explains. The production of Russian players in certain segments is growing, but, as a rule, their volumes are not enough, continues Mr. Kudryavtsev. “Usually, road builders come who needed equipment yesterday, so they eventually go for Chinese equipment. There are now quite large warehouses of it in the Russian Federation – after the departure of foreigners, a gigantic market opened up, and everyone began to import equipment, ”says Denis Kudryavtsev.
However, he notes that exchange rate changes and price revisions somewhat curb demand for Chinese equipment, especially large-sized ones, for example, for bridge building, but domestic equipment also retains a high foreign exchange component due to the lack of Russian components, such as hydraulics. Denis Kudryavtsev notes that now the difficulties with servicing and repairing Chinese equipment are already obvious to everyone, but the machine can pay off in a year or two of operation, so some customers are ready to abandon repairs and simply buy a new one.
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