Bharat Book

China Heavy Duty Truck Industry

Press Release   •   Jul 17, 2013 16:36 IST

July 17 ,2013 : Bharat Book Bureau presents the new report, on 'In-depth Research on China Heavy Duty Truck Industry, 2013-2017'. 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 semi trailer 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.

Table of contents :

1. Development Overview of Heavy Duty Truck Industry
1.1 Definition and Classification
1.1.1 Industry Definition
1.1.2 Product Classification
1.2 Industry Chain

2. Development Overview of Global Heavy Duty Truck Industry
2.1 Status Quo
2.2 Enterprise Development Trend
2.3 Industry Development Trend

3. Development Environment of China’s Heavy Duty Truck Industry
3.1 Economic Development Environment
3.1.1 Macro-economy
3.1.2 GDP
3.1.3 Investment in the Fixed Assets
3.1.4 Total Import and Export Amount and Growth Rate
3.2 Policy Environment
3.2.1 State IV Emission Standard will be Implemented on July 1
3.2.2 The Key Transport Vehicles in the Nine Demonstrate Provinces will be Installed “Beidou Navigation Satellite System”
3.2.3 Trailers have been Free from The Compulsory Traffic Accident Liability Insurance for Motor Vehicles since March 1
3.2.4 Drop and Pull Transport Recommended Vehicle Type Leads the Technological Progress
3.2.5 New Compulsory Scrapping Regulation Came into Force Since May 1
3.3 Technological Environment

4. Development Status of China’s Heavy Duty Truck Industry
4.1Development Status
4.1.1 Development History
4.1.2 Status Quo
4.2 Supply
4.3 Demand
4.4 Products Price
4.5 Dynamics of China’s Key Heavy Duty Truck Enterprises

5. Competition Situation of China’s Heavy Duty Truck Industry
5.1 Competitiveness
5.1.1 Competition within the Industry
5.1.2 Threat of Potential Entrants
5.1.3 Product Substitutability
5.1.4 Bargaining Power of Upstream Suppliers
5.1.5 Bargaining Power of Downstream Consumers
5.2 Competitive Landscape
5.3 Industry Concentration Ratio

6. Industry Upstream and Downstream
6.1 Upstream Raw Material Industries
6.1.1 Steels
6.1.2 Rubber
6.2 Downstream Application Areas
6.2.1 Logistics Industry
6.2.2 Mining Industry

7. Import and Export Data of China’s Heavy Duty Truck Industry
7.1 Import and Export Data, 2010-2012
7.1.1 Import
7.1.2 Export
7.2 Sources of Import and Destinations of Export, 2012

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