Key Market Indicators
Chinese Commercial Vehicle Registration is set to reach 1,198,200 Units by 2026 from 904,500 Units in 2021, falling by 7.9% year on year average rate. Since 2010, Chinese market fell by 24.4% year on year. The country came in number 10 in 2021, Brazil came ahead at 904,500 Units. Mexico, Argentina and Australia respectively were numbers 2, 3 and 4 in this ranking.
Chinese Commercial Vehicle Production is set to reach 2,360,300 Units by 2026 from 2,171,500 Units in 2021, growing 1.4% year on year average rate. Since 2002, Chinese supply grew 4.4% year on year. The country was number 3 in 2021, the United States came ahead with 2,171,500 Units. China, Mexico and Canada respectively ranked numbers 2, 3 and 4 in this ranking.
