1. Market Research
  2. > Automotive
  3. > Motor Vehicle
  4. > Commercial Vehicle Market Trends
  5. > In-depth Research on China Heavy Duty Truck Industry, 2013-2017

In-depth Research on China Heavy Duty Truck Industry, 2013-2017

  • June 2013
  • -
  • Huidian Research
  • -
  • 70 pages

Summary

Table of Contents

Affected by the economic slowdown, the demand for heavy duty truck is in the downward trend continuously; coupled with the financial credit crisis, which limits the ability of financing vehicle purchase, the growth rate of global heavy duty truck market has decelerated since the second half of 2011. Mercedes-Benz, Volvo and other major commercial vehicle groups have implemented appropriate strategies, such as closing corresponding factories, reducing output and intensifying market adjustment in China and India.

By the end of 2012, there were nearly 30 heavy duty truck manufacturing enterprises in China; in 2012, the industry sales volume was 634,000 units, and the market scale reached CNY 171.238 billion, decreased by 26.42%. As for the market segments, heavy truck, truck chassis and semitrailer tractor appeared the negative growth of more than 20%; of which, the sales volume of truck chassis was 243,000 units, decreased by 31.13% year-on-year, which was the largest decline in the market segments.

As one of the means of production for road goods transport, heavy duty truck owns relatively high unit value, and the demand growth mainly depends on the increase of national macro-economy and fixed asset investment, the development of road goods transport and logistics industry, as well as the gradual formation and perfect of expressway network. The demand for heavy duty trucks is mainly from the industries of steel, cement and other infrastructure appliances, coal mining, import and export, logistics and bulk transportation. With the development of urbanization in China, the demand for city-wide transport has showed an upward trend, which has driven the demand for the heavy duty trucks over 30 tons, and this trend is likely to continue in the next two to three years.

Different from passenger vehicle (which belongs to consumer goods), truck belongs to investment goods. As a mean of production, heavy duty trucks’ development is corresponding to the various stages of economic development, and the price also increases along with the increasing of product grade and quality; however, compares with foreign similar products, the price gap is still huge. At present, the vehicle type which priced from CNY 250,000 to CNY 350,000, the price will show an upward trend, so as to fill the price range from CNY 350,000 to CNY 500,000. These products will mainly be joint venture products, which will use foreign power assembly to match domestic vehicle types. The prices of other products will remain unchanged.

China is still in the critical period of infrastructure construction accelerating and industry transformation and upgrading; in the fields of mining and infrastructure construction, the demand for heavy duty trucks will continue to increase. In the next five years, China’s heavy duty truck industry will continue to maintain a rapid growth rate, and the production capacity within the industry will continue to release. It is estimated that, the production capacity of China’s heavy duty truck industry will reach 1.71 million units by 2017.


Please note: The report is Chinese version. It will provide the English version in two business days.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Global Semi Trailer Market - Analysis of Growth, Trends Progress and Challenges (2017 - 2022)

Global Semi Trailer Market - Analysis of Growth, Trends Progress and Challenges (2017 - 2022)

  • $ 4250
  • Industry report
  • January 2017
  • by Mordor Intelligence LLP

The global semi-trailer market is expected to grow at a CAGR of 6.48% and is expected to touch USD XX billion by the year 2020. The North American semi-trailer market, the 2nd largest in the world, was ...

Global Light and Heavy duty Natural Gas Vehicle Market 2017-2021

Global Light and Heavy duty Natural Gas Vehicle Market 2017-2021

  • $ 3500
  • Industry report
  • January 2017
  • by Infiniti Research Limited

ABSTRACT About Light and Heavy Duty Natural Gas Vehicle Natural gas vehicles (NGV) are alternative fuel vehicles that use natural gas in place of diesel or gasoline as fuel for combustion. Natural gas ...

Global Low-Bed Trailer (LBT) Market 2017-2021

Global Low-Bed Trailer (LBT) Market 2017-2021

  • $ 3500
  • Industry report
  • April 2017
  • by Infiniti Research Limited

About Low-Bed Trailer A low bed trailer is one of the many types of semi-trailers and is used for versatile applications and to carry loads that are up to 12 feet high, which other trailers cannot accommodate. ...

Global Heavy Trucks Market

January 2017 $ 1496

ref:plp2013

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.