• time;2024-06-20 10:24:30

In May 2024, the sales volume of the internal combustion engine industry decreased compared to the previous month, but remained relatively stable year-on-year. The cumulative sales growth rate from January to May slightly declined year-on-year.

In May, driven by equipment updates and the policy of exchanging old for new consumer goods, various industries developed steadily. However, the current domestic consumption growth is relatively slow, and the industry competition is fierce. Overall, the operation still faces significant pressure. The performance of the internal combustion engine market in May was relatively stable, with sales remaining largely unchanged year-on-year, but the cumulative year-on-year growth rate slightly declined. Specifically, the sales volume of internal combustion engines in May was 3.7004 million units, a month on month increase of -7.07% and a year-on-year increase of 0.06%; The cumulative sales volume from January to May was 18.5994 million units, a year-on-year increase of 4.91%. (Decreased by 1.28 percentage points compared to the increase from January to April)

In terms of terminals, the passenger car market continues to maintain a good momentum, commercial vehicles continue to slowly recover, and the sales situation in agricultural machinery, engineering and other markets remains relatively severe.

Overall Sales Overview

In May, sales of internal combustion engines reached 370.04 units, a month on month increase of -7.07% and a year-on-year increase of 0.06%; The power output reached 2207.033 million kilowatts, a month on month increase of -7.77% and a year-on-year increase of -6.56%.

The cumulative sales volume from January to May was 18.5994 million units, a year-on-year increase of 4.91%; The cumulative power has reached 1136.922 million kilowatts, a year-on-year increase of 2.99%.

Classification of fuel types

In May, within the fuel category, diesel engine sales decreased month on month, increased year-on-year, and accumulated year-on-year decline; The sales of gasoline engines have decreased month on month and year-on-year, with a cumulative year-on-year increase. Specifically, compared to the previous month, diesel engines increased by -12.88% and gasoline engines increased by -6.26%; Compared with the same period last year, diesel engines increased by 1.21% year-on-year, while gasoline engines increased by -0.12% year-on-year; Compared with the same period last year, diesel engines increased by -2.80% year-on-year, and gasoline engines increased by 5.98% year-on-year.

In May, diesel internal combustion engines sold 406400 units (including 14500 units for passenger cars, 159800 units for commercial vehicles, 67900 units for construction machinery, 125800 units for agricultural machinery, 4700 units for ships, 32000 units for power generation, 500 units for landscaping, and 1100 units for general use), and gasoline internal combustion engines sold 329030 units. From January to May, the sales volume of diesel engines was 2.2213 million units (including 67800 units for passenger cars, 896100 units for commercial vehicles, 375400 units for construction machinery, 699000 units for agricultural machinery, 24400 units for ships, 149900 units for power generation, 3400 units for landscaping, and 5200 units for general use), and the sales volume of gasoline internal combustion engines was 16.3582 million units.

Market usage by market

In May, in the comparable caliber of the segmented market, all categorized uses showed a month on month decline. Specifically, passenger car usage increased by -7.85%, commercial vehicle usage increased by -7.42%, construction machinery usage increased by -18.60%, agricultural machinery usage increased by -7.27%, marine usage increased by -9.40%, generator set usage increased by -7.39%, garden machinery usage increased by -18.58%, motorcycle usage increased by -3.91%, and general machinery usage increased by -31.64%.

Compared with the same period last year, the usage of passenger cars, commercial vehicles, ships, and gardens decreased year-on-year, while the usage of other categories increased year-on-year. Specifically, passenger car usage increased by -7.84%, commercial vehicle usage increased by -1.06%, construction machinery usage increased by 1.23%, agricultural machinery usage increased by 27.20%, marine usage increased by -7.87%, generator set usage increased by 13.09%, garden machinery usage increased by -10.16%, motorcycle usage increased by 3.49%, and general machinery usage increased by 10.90%.

Compared with the previous year, all other classified uses except for engineering, marine, power generation, and landscaping have shown positive growth. Specifically, passenger car usage increased by 3.61%, commercial vehicle usage increased by 0.07%, construction machinery usage increased by -7.23%, agricultural machinery usage increased by 11.80%, marine usage increased by -16.38%, generator usage increased by -5.77%, garden machinery usage increased by -11.77%, motorcycle usage increased by 9.44%, and general machinery usage increased by 8.91%.

In May, sales of passenger cars were 1.4436 million units, commercial vehicles were 203400 units, construction machinery was 72000 units, agricultural machinery was 355700 units, ships were 4700 units, generators were 132400 units, garden machinery was 107900 units, motorcycles were 1.3669 million units, and general machinery was 13800 units.

From January to May, a total of 7.3003 million units were sold for passenger cars, 1.09 million units for commercial vehicles, 402200 units for construction machinery, 2.0088 million units for agricultural machinery, 24400 units for ships, 617900 units for generator sets, 633200 units for garden machinery, 6.4426 million units for motorcycles, and 80000 units for general use.

The main varieties are sorted by orderMulti cylinder application situation

Single cylinder diesel engine

The sales volume of single cylinder diesel engines in May decreased month on month, increased year-on-year, and accumulated year-on-year decline. In May, sales of single cylinder diesel engines reached 82300 units, a month on month increase of -6.88% and a year-on-year increase of 0.56%; The cumulative sales volume from January to May was 393600 units, a year-on-year increase of -11.59%. The top five companies in the ranking are: Changchai, Changfa, Kemir, Sanhuan, and Laidong.

Among them, the sales volume of single cylinder diesel engines mainly used in the field of agricultural machinery was 75000 units in May, a month on month increase of 6.79% and a year-on-year increase of 2.23%; The cumulative sales volume from January to May was 357000 units, a year-on-year increase of 9.32%.

multi-cylinder diesel engine

The commercial vehicle market decreased month on month in May, increased year-on-year, and accumulated year-on-year growth, leading to similar fluctuations in sales of multi cylinder diesel engines, which account for a large proportion of commercial vehicles.

In May, multi cylinder diesel engine companies sold a total of 324100 units, a month on month increase of -14.29% and a year-on-year increase of 1.37%; The cumulative sales volume from January to May was 1.8277 million units, a year-on-year increase of -0.68%. Weichai, Yuchai, Yunnei, Quanchai, Jiangling, Xinchai, Jiefang Power, Dongkang, Fukang, and Shanghai New Power ranked among the top ten in sales, accounting for 77.06% of the total sales of multi cylinder diesel engines; Market share proportions: Weichai 18.61%, Yuchai 11.30%, Yunnei 8.79%, Quanchai 7.91%, Jiangling 7.12%, Xinchai 6.30%, Jiefang Power 4.81%, Dongkang 4.77%, Fukang 3.95%, Shanghai New Power 3.51%.

In May, the sales volume of multi cylinder diesel engines for commercial vehicles was 159800 units, a month on month increase of -14.14% and a year-on-year increase of 1.28%. The cumulative sales volume from January to May was 896100 units, a year-on-year increase of 6.60%. The top ten in sales are Weichai, Jiangling, Yunnei, Yuchai, Fukang, Jiefang Power, Jianghuai, Dongkang, Quanchai, and Oukang Power, with the top ten accounting for 90.01% of the total sales; Weichai holds a leading market share of 22.11%, Jiangling 14.52%, Yunnei 9.99%, Yuchai 9.02%, Fukang 8.05%, Jiefang Power 6.55%, Jianghuai 5.26%, Dongkang 5.11%, Quanchai 4.72%, and Oukang 4.69% in the commercial vehicle multi cylinder diesel engine market.

In May, sales of multi cylinder diesel engines for construction machinery reached 66900 units, a month on month increase of -16.69% and a year-on-year increase of 3.29%; The cumulative sales volume from January to May was 371700 units, a year-on-year increase of 5.91%. The top ten sellers are New Diesel, Quanchai, Weichai, Yunnei, Yuchai, Caterpillar, Dongkang, Guangkang, Jiefang Power, and Shanghai New Power, accounting for 96.95% of their total sales.

Multi cylinder gasoline engine

The production and sales of passenger cars in May increased month on month, year-on-year, and cumulative year-on-year, and the sales of multi cylinder gasoline engines in the main supporting passenger car market also showed a similar trend.

In May, the sales of multi cylinder gasoline engines reached 1.471 million units, a month on month increase of -7.09% and a year-on-year increase of -8.01%; The cumulative sales volume from January to May was 7.4175 million units, a year-on-year increase of 2.68%. Among 45 multi cylinder gasoline engine companies, Chery, BYD, Geely, FAW Volkswagen, Changan Automobile, Honeycomb Power, Shangtong Wuling, Beijing Benz, Dongfeng Motor Co., Ltd., and Guangfeng engine sales rank among the top, accounting for 62.35% of total sales. Among the companies with high sales volume, Chery, BYD, Geely, and Honeycomb Power have shown outstanding cumulative sales growth.

The proportion of passenger cars used in multi cylinder gasoline engines was 97.50%, with sales of 1.429 million units in May, a month on month increase of -7.94% and a year-on-year increase of -7.85%; The cumulative sales volume from January to May was 7.2325 million units, a year-on-year increase of 3.76%. Chery, BYD, Geely, FAW Volkswagen, Changan Automobile, Honeycomb Power, Shangtong Wuling, Beijing Benz, Dongfeng Co., Ltd., and Guangfeng engine sales rank among the top.

Small gasoline engine

The industry mainly engages in import and export trade, which is significantly affected by internal and external environmental factors. In comparable caliber, the sales of small gasoline engines in May decreased month on month, but increased year-on-year and cumulative year-on-year. In May, the sales of small gasoline engines reached 627500 units, a month on month increase of -10.48% and a year-on-year increase of 35.42%; The cumulative sales volume from January to May was 3.3381 million units, a year-on-year increase of 14.74%. The top five companies in terms of sales are Runtong, Longxin, Huasheng, Lifan Internal Combustion Engine, and Suzhou Shuangma.

In terms of supporting agricultural machinery, the sales volume in May was 229900 units, a month on month increase of 3.33% and a year-on-year increase of 44.69%. Accumulated sales from January to May were 1.3098 million units, a year-on-year increase of 25.58%

In the field of supporting garden machinery, sales in May were 107400 units, a month on month increase of 18.39% and a year-on-year increase of 9.96%; The cumulative sales volume from January to May was 629800 units, a year-on-year increase of -11.83%.