China Commercial Vehicle Market Share Till, 2014 - 2017: Acute Market Reports
According to China Commercial Vehicle Industry Report, 2014-2017
by Sino Market Insight, sales volume of China’s commercial vehicles is
estimated to register a CAGR of 6% in 2014-2017, and will reach 5.12 million in
2017. The development of commercial vehicle industry is closely related to
macro economy. In 2013, the growth rate of China’s GDP fell to 7.7%, while
commercial vehicle market experienced slow growth at the same time, with output
and sales volume increasing by 7.6% and 6.4%, respectively.
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In view of market segment, the truck market remain depressed due
to slower pace in infrastructure construction and project construction. In
2013, output and sales volume of trucks in China were 2.705 million and 2.726
million separately, edging up 3.3% and 2.8% year-on-year. It is expected that
the truck market will maintain a moderate growth trend over the next few years
because of continuous structural adjustments of China’s macro economy.
Driven by positive factors like tourist bus and school bus, bus
market saw rapid development in recent years. In 2013, output and sales volume
of bus in China reached 483,000 and 477,000, rising by 13.4% and 12.0% from a
year earlier respectively. It is projected that spurred by new energy bus and
school bus, the bus market will keep growing fast, with an estimated average growth
rate of around 10% in 2014-2017.
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With respect to market pattern, there were a total of 73
companies selling commercial vehicles in China in 2013, among which the top ten
in terms of sales volume were Beiqi Foton, Dongfeng Motor, JAC Motors, Jinbei Automobile,
FAW Group, Jiangling Holding, SAIC-GM-Wuling, Sinotruk, Nanjing Auto and
Chang’an Automobile, with a combined market share of 71.6%.
·
In bus field, large bus has a higher market concentration than
medium-sized bus and light-weight bus. China’s large bus market is dominated by
Jinlong Bus and Yutong Bus, with combined market share of 65.2% in this segment
in 2013.
·
In truck field, market concentration of heavy-duty truck is the
highest. Major companies include Sinotruk, Beiqi Foton, Dongfeng Motor, JAC
Motors and Shaanxi Automobile, with their combined market shares up to 83.8% of
the segment in 2013.
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