China Heavy Truck Industry Report, 2015-2018

China Heavy Truck Industry Report, 2015-2018

In 2014, China’s heavy truck sales volume totaled 748,000 units, falling 3.32% year on year; the accumulative sales volume for Jan.-Apr. 2015 reached 193,300 units, a sharp reduction of 33.52% from the same period in 2014. That was mainly because growing economic downward pressure led to a slowdown in fixed assets investment so that the real estate market experienced volatile adjustment, thus resulting in a fall in demand for heavy trucks. Meanwhile, China began to implement national IV emission standards in January 2015, which brought cost pressure to carmakers and increased the users’ procurement costs. On the other hand, the national IV standard-related facilities were still not well-equipped, such as insufficient denitration, a lack of urea supply centers, and less technical reserves of enterprises, which made some users take a wait-and-see attitude for new products, thereby, to some extent, restraining the demand for heavy trucks.

As of June 2015, there were three major positive factors in China’s heavy truck market that would boost demand:
New projects – In 2015, China will expand the effective investment and set up the promotion mechanism of major infrastructure projects, including more than 420 projects from 7 major project packages with a proposed investment of over RMB10 trillion. And shantytown renovation, railway, road, and infrastructure projects will drive the demand for civil engineering heavy trucks
Energy conservation and emission reduction – In Sep. 2014, China introduced energy conservation and emissions reduction program, according to which around 600 yellow-label cars and old vehicles would be phased out, which would expand to a certain degree the new demand for heavy trucks.
Logistics transportation – In 2014-2015, as China witnessed a rapid development in e-commerce, the express delivery demand grew at an astonishing pace, which brought huge demand for road transportation and logistics heavy trucks. Moreover, the development of free-trade zone will further promote the growth of port trailer towing vehicles, slag transport vehicles, and other market segments.

In the new normal, China is adjusting its economic growth pattern, and heavy trucks are undertaking the changes in profit model and product demand. In future, high-tech, high added-value heavy trucks will become the mainstream of development trend. Sinotruk, FAW Jiefang, Dongfeng Trucks, etc. have released high-end heavy truck products.

As one of the major three heavy truck enterprises in China, Sinotruk developed and manufactured the country’s first heavy-duty truck, and has successfully brought in Steyr heavy-duty truck production project. Its independently developed HOWO product takes a crucial position in the Chinese heavy truck market. In 2014 and Jan.-Apr. 2015, the company ranked separately first and second with the sales volume of 120,000 units and 35,000 units. In January 2013, Sinotruk cooperated with MAN to launch SITRAK brand, and with the support from MAN, Sinotruk has entered the field of high-end heavy truck with HOWO T7H and SITRAK C7H.

A middle and heavy-duty truck maker under FAW Group, FAW Jiefang ranked first in heavy truck market with the sales volume of 37,000 units in Jan.-Apr. 2015, with a market share of 19.13%, 0.78 percentage points more than Sinotruk. In November 2014, JH6, a high-end heavy truck developed by FAW Jiefang, was released in FAW Jiefang Qingdao Automobile and delivered to the first batch of users. The model adopts the mainstream Aowei 11L 6DM2 National IV engine of FAW Jiefang Automotive Co., Ltd. Wuxi Diesel Engine Works, representing the company’s top level, and will promote the overall sales in the future.

China Heavy Truck Industry Report, 2015-2018 by ResearchInChina mainly covers the following:
Overview of China heavy truck industry, including definition, classification, technology introduction, etc.;
Study of China’s overall heavy truck market, including ownership, output, sales volume, competition pattern and the latest market characteristics;
Analysis on China’s heavy truck market segments (complete heavy trucks, incomplete heavy trucks and semi-trailer towing vehicles), consisting of output and sales volume, competition pattern, import and export;
Study of China’s heavy truck industry chain, including key parts market, raw material market and downstream market;
Study of major heavy truck companies in China, covering their operation, output, sales volume, customers, new products, etc.
1. Overview of Heavy Truck Industry
1.1 Definition and Classification
1.2 Technology Introduction
1.3 Emission Standards
1.4 Product Trends

2. Overall Heavy Truck Market
2.1 Ownership
2.2 Output and Sales Volume
2.2.1 Output
2.2.2 Sales Volume
2.3 Market Structure
2.4 Competition Pattern
2.4.1 Market Share
2.4.2 Sales Targets
2.5 LNG Heavy Truck
2.5.1 Sales Volume
2.5.2 Competition
2.5.3 Market Potential
2.6 High-end Heavy Truck

3. Heavy Truck Market Segments
3.1 Complete Heavy Truck
3.1.1 Output and Sales Volume
3.1.2 Import and Export
3.1.3 Competition Pattern
3.2 Incomplete Heavy Truck
3.2.1 Output and Sales Volume
3.2.2 Import and Export
3.2.3 Competition Pattern
3.3 Semi-trailer Towing Vehicle
3.3.1 Output and Sales Volume
3.3.2 Import and Export
3.3.3 Competition Pattern
3.3.4 Market Segments

4. Heavy Truck Industry Chain
4.1 Overview
4.2 Key Components
4.2.1 Cost Structure
4.2.2 Supporting
4.3 Raw Materials Market
4.3.1 Steel Market
4.3.2 Rubber Market
4.4 Downstream Market
4.4.1 Infrastructure Construction
4.4.2 Real Estate Construction
4.4.3 Highway Freight

5. Key Companies
5.1 FAW Jiefang Automotive Company, Ltd.
5.1.1 Profile
5.1.2 Output and Sales Volume
5.1.3 Product Launch
5.1.4 Production Base
5.2 China National Heavy Duty Truck Group Co., Ltd. (SINOTRUK)
5.2.1 Profile
5.2.2 Operation
5.2.3 Heavy Truck Business
5.2.4 Overseas Expansion
5.3 Dongfeng Motor Corporation
5.3.1 Profile
5.3.2 Operation
5.3.3 Heavy Truck Business
5.4 Beiqi Foton Motor Co., Ltd.
5.4.1 Profile
5.4.2 Operation
5.4.3 Heavy Truck Business
5.4.4 Production Capacity
5.5 Shaanxi Automobile Group Co., Ltd.
5.5.1 Profile
5.5.2 Main Products
5.5.3 Heavy Truck Business
5.6 Anhui Jianghuai Automobile Co., Ltd.
5.6.1 Profile
5.6.2 Operation
5.6.3 Heavy Truck Business
5.7 Anhui Hualing Automobile Co., Ltd.
5.7.1 Profile
5.7.2 Operation
5.7.3 Heavy Truck Business
5.7.4 Business Objectives for 2015
5.8 Qingling Motors (Group) Co., Ltd.
5.8.1 Profile
5.8.2 Operation
5.8.3 Heavy Truck Business
5.9 Chengdu Dayun Automotive Group Company Limited
5.9.1 Profile
5.9.2 Heavy Truck Business
5.10 BEIBEN Trucks Group Co.,Ltd
5.10.1 Profile
5.10.2 Heavy Truck Business
5.11 SAIC-IVECO Hongyan Commercial Vehicle Co., Ltd
5.11.1 Profile
5.11.2 Heavy Truck Business
5.11.3 The First High-end Heavy Truck Model - New Stralis Hi-Way Launched
5.12 Hubei Tri-Ring Special Vehicle Co., Ltd.
5.12.1 Profile
5.12.2 Heavy Truck Business
5.13 Nanjing Xugong Automobile Manufacturing Co., Ltd.
5.13.1 Profile
5.13.2 Heavy Truck Business
5.14 GAC Hino Motors Co., Ltd.
5.14.1 Profile
5.14.2 Operation
5.14.3 Heavy Truck Business
5.14.4 New 700-Series Products Complying with National ? Emission Standards Launched
5.15 Zhejiang Feidie Automobile Manufacturing Co., Ltd.
5.15.1 Profile
5.15.2 Heavy Truck Business

6. Summary and Forecast
6.1 Market Size
6.2 Market Structure
6.3 Competition Pattern
6.4 Trends

Companies Mentioned
FAW Jiefang Automotive Company, Ltd.
China National Heavy Duty Truck Group Co., Ltd. (SINOTRUK)
Dongfeng Motor Corporation
Beiqi Foton Motor Co., Ltd.
Shaanxi Automobile Group Co., Ltd.
Anhui Jianghuai Automobile Co., Ltd.
Anhui Hualing Automobile Co., Ltd.
Qingling Motors (Group) Co., Ltd.
Chengdu Dayun Automotive Group Company Limited
BEIBEN Trucks Group Co.,Ltd
SAIC-IVECO Hongyan Commercial Vehicle Co., Ltd
Hubei Tri-Ring Special Vehicle Co., Ltd.
Nanjing Xugong Automobile Manufacturing Co., Ltd.
GAC Hino Motors Co., Ltd.
Zhejiang Feidie Automobile Manufacturing Co., Ltd.

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