China Commercial Vehicle Industry Outlook 2022 - 2026

Key Market Indicators

The Chinese Commercial Vehicle market is expected to experience modest growth over the forecast period, reaching 1.2 million units by 2026. This will be a decrease of 7.9% on average compared to 2021. Since 2010, the market has seen a year-on-year decrease of 24.4%. In 2021, China was the tenth largest market, with 904,500 units, behind Brazil. Mexico, Argentina, and Australia were the second, third and fourth largest markets, respectively. Chinese Commercial Vehicle production is projected to reach 2.4 million units by 2026, a growth of 1.4% on average compared to 2021. Since 2002, production has grown annually by 4.4%. In 2021, the United States was the largest producer at 2.2 million units, followed by China, Mexico and Canada.

China Commercial Vehicle Market Data and Forecasts

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