In 2017, rotary drilling rig sales grew significantly, and other indicators such as operating hours also reflected the strong market performance of rotary drilling rigs that year. Behind the booming industry is the continuous improvement of macroeconomic conditions such as China's economic recovery and rising exports. The rotary drilling rig market was unexpectedly hot, and it was extremely hot, with some enterprises even experiencing shortages. The hot 2017 has passed. In the already arrived 2018, what trend will the rotary drilling rig industry market develop toward?
Industry leaders analyze that the growth of the rotary drilling rig industry in 2017 was restorative growth, and the trend of the rotary drilling rig industry in 2018 will continue to be stable and improving. Many experts said that the high growth level of rotary drilling rig sales in 2017 was due to both domestic fundamental factors and reasons for improvement in the foreign environment.
For many years previously, the rotary drilling rig industry had been undervalued. In addition, the global economic recovery in 2017 drove China's export recovery, coupled with some growth points in domestic investment, which spurred demand for rotary drilling rigs. Another analysis said that the strong demand for replacement of rotary drilling rigs in 2017, superimposed with stricter environmental protection and manufacturers' trade-in policies, will continue to boost the steady growth of rotary drilling rig sales in 2018. However, now the growth of China's rotary drilling rigs is simultaneously gaining momentum in both domestic and international markets. In particular, with the advancement of the "Belt and Road" construction, China's capital, enterprises, and projects are going global, driving equipment to go global, and the export sales of rotary drilling rigs have also risen accordingly.
In 2018, it is expected that rotary drilling rig sales in the first quarter will remain highly prosperous. How will the rotary drilling rig industry develop in the coming years?
The Pile Machinery Branch of the China Construction Machinery Association analyzed that, considering international and domestic economic situations, environmental protection policies, demand for updating existing equipment, real estate construction, infrastructure construction, urbanization construction, and other factors as well as the dynamics of the rotary drilling rig market, the market will maintain a stable development trend in the next three years. Domestically, infrastructure will continue to fill shortcomings and release effective infrastructure demand; internationally, China's rotary drilling rigs will participate more deeply in international market competition, and with the world's infrastructure still having great market space and the further advancement of the "Belt and Road" construction and international capacity cooperation, China's rotary drilling rig industry is expected to continue a stable development trend within 2-3 years.
At the same time, the editor reminds everyone not to be dazzled by the growth in 2017. The long-accumulated contradictions and problems in the rotary drilling rig industry have not been completely resolved, such as structural overcapacity, rising business costs, and increasingly fierce low-price competition in the industry, etc. In short, the stable and improving trend of the industry needs to be further consolidated, and there are still many difficulties in the market. It is necessary to prevent the market and development space from being overdrawn again.
In fact, it is not difficult to find that whether it is the association, main engine enterprises, or users, everyone is relatively optimistic about the development trend in 2018, and maintaining stable growth is almost everyone's consensus. Here, I hope this summary can provide some reference for everyone.