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Strategic Analysis of the Chinese Compressed Natural Gas and Liquefied Natural Gas Commercial Vehicle Market

  • September 2014
  • -
  • Frost & Sullivan
  • -
  • 102 pages

Summary

Table of Contents

By 2020, MD–HD Truck and Bus Sales Will Reach 246,000 Units

This research study presents an overview of the Chinese compressed natural gas and liquefied natural gas commercial vehicle market, with respect to the latest country developments influencing this industry. It discusses the recent trends of fuelling infrastructure and emission standard implementation. The detailed study discusses key challenges the market is facing and a SWOT analysis of the market. It also provides profiles of bus and truck OEMs as well as of suppliers.

Executive Summary—Key Findings
Natural gas (NG) technology to penetrate % of commercial vehicle industry by 2020, and liquefied natural gas (LNG) technology to penetrate % of heavy-duty (HD) truck segment

Total Natural Gas CV Market: Key Findings, China, 2013
1 The natural gas market for medium-duty (MD) and HD commercial vehicles is on an upward trend, with % growth rate in the HD truck segment in 2013. Growth is expected due to improved economy, infrastructure development, and government subsidies on NG commercial vehicles.
2 With a continuous increase in the number of NG filling stations, and improvement in powertrain technologies, NG technology penetration is expected to increase from% to % in the truck and bus segments by 2020.
3 LNG technology is expected to lead the Chinese NG truck segment, with 82% penetration in HD trucks and % penetration in MD trucks by 2020 due to safety, long-haul transit, and the increasing number of LNG filling stations.
4 Shaanxi Automobile and Yutong continue to dominate the Chinese NG commercial vehicle market; it gained % in NG truck segment share while Yutong accounted for % of the NG bus segment share, a trend that is expected to continue till 2020. Collaboration between Foton and Daimler AG in 2010 as well as the partnership between Dongfeng and AB Volvo in 2013 will probably stoke competitive rivalry in the NG truck industry in the forecast period.
5 With the largest reserve base of shale gas (billion m³), which accounts for % of global reserves, China is likely to develop its NG commercial vehicle market in the forecast period. Furthermore, the Chinese Government intends to develop more than key exploitation areas by 2020.

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