Research Report on Chinese Commercial Vehicle Industry, 2010-2011
Commercial vehicles like trucks and buses are used for business purposes, that is, generating business benefits for vehicle owners by carrying passengers or goods. It is a concept opposite to passenger vehicle.
In 2009, the production and sales volume of motor vehicles in China came to 13.79 million and 13.64 million, rising by 48.30% YOY and 46.15% YOY separately. The production and sales volume of passenger vehicles were 10.38 million and 10.33 million, growing by 54.11% YOY and 52.93% YOY. The production and sales volume of commercial vehicles were 3.41 million and 3.31 million, rising by 33.02% YOY and 28.39% YOY separately. In 2009, Chinese auto industry achieved fast development, making China the world largest auto production country and new vehicle consumption country.
Commercial vehicles are designed for the transport of passengers and goods. Since 2005, Chinese auto industry begins to adopt the new auto model classification. Different from the old classification, the new one includes all trucks and buses with over 9 seats.
In the practical application, commercial vehicles are defined mainly according to their uses.
In China, commercial vehicles can be classified into buses, trucks, semi-trailer towing vehicles, incomplete buses and incomplete trucks. According to the length, buses can be divided into minibus (less than 3.50 m), small bus (3.50-7 m), medium bus (7-10 m) and large bus (over 10 m).
According to the carrying tonnage, trucks in China can be divided into mini-trucks (less than 1.80 tons), light trucks (1.80-6 tons), medium trucks (6-14 tons) and heavy trucks (over 14 tons). In China’s commercial vehicle market, the production proportion of trucks is the largest. In 2009, the production proportion of trucks reached 68.28%. By contrast, the production of semi-trailer towing vehicles was only 208,200, accounting for 6.11%.
In 2009, with the implementation of the CNY-4-trillion investment plan of Chinese government and the construction of large projects after the earthquake, the urban fixed asset investment in China rose by 32% YOY, the highest of recent years. This directly or indirectly boosts the demand for trucks.
In 2009, the implementation of some policies, laws and regulations encouraging consumption also actively propelled the development of Chinese commercial vehicle market.
In 2009H2, the demand for commercial vehicles in China recovered obviously. The truck market contributed the most to this recovery. In 2009, the production and sales volume of buses were 276,000 and 271,300, rising by 9.65% YOY and 7.28% YOY separately. The production and sales volume of trucks were 2.33 million and 2.25 million, growing by 46.85% YOY and 40.95% YOY respectively. The production and sales volume of semi-trailer towing vehicles were 208,200 and 211,100 respectively, rising by 6.61% YOY and 8.73% YOY. The production of incomplete buses were 82,000, dropping by 4.04% YOY; the sales volume reached 82,800, falling by 5.66% YOY. The production of incomplete trucks was 514,700, rising by 15.70% YOY; the sales volume came to 498,200, rising by 10.81% YOY.
In January-August of 2010, the production of commercial vehicles in China was 2.84 million and the sales volume approached 2.90 million, rising by 33.92% YOY and 37.61% YOY.
China’s export scale of motor vehicles and spare parts is still much smaller than that of developed countries and emerging industrialized countries. Presently, the export still stays in the initial period. Problems like the deficiency of brands and marketing networks, low added value of products for export and disputes over intellectual property rights, etc. restrain the development of China’s export of auto products. Due to the financial crisis, the problems in China’s auto product export market become more obvious since 2008H2. The export has suffered sharply decline. Chinese auto product export is confronted with severe situation. Nonetheless, the international comparative advantages of China’s auto products still exist and the international market shows tremendous demand potential.
As commercial vehicle has the attributes of investment goods, its demand growth is closely related to the growth rate of the macro economy. In recent years, the rapid growth of China’s economy brings about the boom of Chinese commercial vehicle market. Given the expectation of stable macroeconomic growth in China, the demand for commercial vehicles will maintain a stable growth rate in the long run.
Through this report, readers can acquire more information:
In 2009, the production and sales volume of motor vehicles in China came to 13.79 million and 13.64 million, rising by 48.30% YOY and 46.15% YOY separately. The production and sales volume of passenger vehicles were 10.38 million and 10.33 million, growing by 54.11% YOY and 52.93% YOY. The production and sales volume of commercial vehicles were 3.41 million and 3.31 million, rising by 33.02% YOY and 28.39% YOY separately. In 2009, Chinese auto industry achieved fast development, making China the world largest auto production country and new vehicle consumption country.
Commercial vehicles are designed for the transport of passengers and goods. Since 2005, Chinese auto industry begins to adopt the new auto model classification. Different from the old classification, the new one includes all trucks and buses with over 9 seats.
In the practical application, commercial vehicles are defined mainly according to their uses.
In China, commercial vehicles can be classified into buses, trucks, semi-trailer towing vehicles, incomplete buses and incomplete trucks. According to the length, buses can be divided into minibus (less than 3.50 m), small bus (3.50-7 m), medium bus (7-10 m) and large bus (over 10 m).
According to the carrying tonnage, trucks in China can be divided into mini-trucks (less than 1.80 tons), light trucks (1.80-6 tons), medium trucks (6-14 tons) and heavy trucks (over 14 tons). In China’s commercial vehicle market, the production proportion of trucks is the largest. In 2009, the production proportion of trucks reached 68.28%. By contrast, the production of semi-trailer towing vehicles was only 208,200, accounting for 6.11%.
In 2009, with the implementation of the CNY-4-trillion investment plan of Chinese government and the construction of large projects after the earthquake, the urban fixed asset investment in China rose by 32% YOY, the highest of recent years. This directly or indirectly boosts the demand for trucks.
In 2009, the implementation of some policies, laws and regulations encouraging consumption also actively propelled the development of Chinese commercial vehicle market.
In 2009H2, the demand for commercial vehicles in China recovered obviously. The truck market contributed the most to this recovery. In 2009, the production and sales volume of buses were 276,000 and 271,300, rising by 9.65% YOY and 7.28% YOY separately. The production and sales volume of trucks were 2.33 million and 2.25 million, growing by 46.85% YOY and 40.95% YOY respectively. The production and sales volume of semi-trailer towing vehicles were 208,200 and 211,100 respectively, rising by 6.61% YOY and 8.73% YOY. The production of incomplete buses were 82,000, dropping by 4.04% YOY; the sales volume reached 82,800, falling by 5.66% YOY. The production of incomplete trucks was 514,700, rising by 15.70% YOY; the sales volume came to 498,200, rising by 10.81% YOY.
In January-August of 2010, the production of commercial vehicles in China was 2.84 million and the sales volume approached 2.90 million, rising by 33.92% YOY and 37.61% YOY.
China’s export scale of motor vehicles and spare parts is still much smaller than that of developed countries and emerging industrialized countries. Presently, the export still stays in the initial period. Problems like the deficiency of brands and marketing networks, low added value of products for export and disputes over intellectual property rights, etc. restrain the development of China’s export of auto products. Due to the financial crisis, the problems in China’s auto product export market become more obvious since 2008H2. The export has suffered sharply decline. Chinese auto product export is confronted with severe situation. Nonetheless, the international comparative advantages of China’s auto products still exist and the international market shows tremendous demand potential.
As commercial vehicle has the attributes of investment goods, its demand growth is closely related to the growth rate of the macro economy. In recent years, the rapid growth of China’s economy brings about the boom of Chinese commercial vehicle market. Given the expectation of stable macroeconomic growth in China, the demand for commercial vehicles will maintain a stable growth rate in the long run.
Through this report, readers can acquire more information:
- Status quo of Chinese commercial vehicle industry
- Status quo of Chinese truck industry
- Status quo of Chinese bus industry
- Competition in Chinese commercial vehicle market
- Import and export of commercial vehicles in China
- Major commercial vehicle manufacturers in China and their operations
- Prediction on development of Chinese commercial vehicle industry
- Prediction on investment opportunities in Chinese commercial vehicle industry
- Commercial vehicle manufacturers
- Manufacturers of spare parts for commercial vehicles
- Commercial vehicle traders
- Research institutes concerning Chinese commercial vehicle industry
- Investors concerning Chinese commercial vehicle industry
1 OVERVIEW AND PREDICTION OF CHINESE COMMERCIAL VEHICLE MARKET, 2009-2012
1.1 Analysis and Prediction on Supply and Demand in the Commercial Vehicle Market
1.1.1 Analysis on Supply and Demand
1.1.2 Prediction on Demand, 2010
1.1.3 Prediction on Supply, 2010
1.2 Analysis and Prediction on Import and Export in the Commercial Vehicle Market
1.2.1 Analysis on Commercial Vehicle Export Market
1.2.2 Analysis on Commercial Vehicle Import Market
1.2.3 Comparison of Import and Export Prices
1.2.4 Prediction on Import and Export, 2010
1.3 Analysis and Prediction on Market Price of Commercial Vehicles
1.3.1 Analysis on Market Price
1.3.2 Prediction on Market Price, 2010
1.4 Analysis on Influence of International Financial Crisis on Chinese Commercial Vehicle Industry
1.4.1 Influence on Supply
1.4.2 Influence on Consumption
2 ANALYSIS AND PREDICTION ON COMPETITION IN CHINESE COMMERCIAL VEHICLE INDUSTRY, 2009-2010
2.1 Analysis and Prediction on Competition Characteristics
2.1.1 Analysis and Prediction on Market Concentration
2.1.2 Analysis on Entry and Exit Barriers
2.2 Analysis and Prediction on Competition Structure
2.2.1 Competition among Existing Manufacturers
2.2.2 Threats from Substitutes
2.2.3 Potential Competitors
2.2.4 Bargaining Power of Purchasers
2.2.5 Bargaining Power of Suppliers
2.3 Analysis on Brand Competition
2.3.1 Analysis on Brand Structure of Chinese Commercial Vehicle Market, 2009-2010
2.3.2 Analysis on Competition of Commercial Vehicle Brands in China, 2009-2010
2.3.3 Prediction on Competition of Commercial Vehicle Brands in China, 2011-2012
2.4 Analysis and Prediction on M&A in Chinese Commercial Vehicle Industry
2.4.1 Analysis on M&A Background
2.4.2 Analysis on M&A Cases
2.4.3 Prediction on M&A Tendency
3 ANALYSIS ON SUB-INDUSTRIES OF CHINESE COMMERCIAL VEHICLE INDUSTRY
3.1 Analysis on Changes of Supply and Demand in the Bus Market
3.1.1 Changes of Supply and Demand
3.1.2 Changes of Consumption Structure
3.1.3 Price Changes
3.2 Analysis on Changes of Supply and Demand in the Truck Market
3.2.1 Changes of Supply and Demand
3.2.2 Changes of Consumption Structure
3.2.3 Price Changes
3.3 Analysis on Changes of Supply and Demand in the Semi-Trailer Towing Vehicle Market
4 ANALYSIS ON MAJOR ENTERPRISES IN CHINESE COMMERCIAL VEHICLE MARKET, 2009-2010
4.1 Beiqi Foton Motor Co., Ltd
4.1.1 Overview
4.1.2 Operation
4.1.3 Development Strategy and Prospects
4.2 Dongfeng Motor Corporation
4.2.1 Overview
4.2.2 Operation
4.2.3 Development Strategy and Prospects
4.3 FAW Group Corporation
4.3.1 Overview
4.3.2 Operation
4.3.3 Development Strategy and Prospects
4.4 Jianghuai Automobile Co., Ltd
4.5 China National Heavy Duty Truck Group Co., Ltd
4.6 Nanjing Automobile (Group) Corporation
4.7 Chang'an Automobile (Group) Co., Ltd
4.8 Jiangling Motors Group Co., Ltd
4.9 Shaanxi Automobile Group Co., Ltd
4.10 Other Enterprises
5 ANALYSIS ON RISKS IN CHINESE COMMERCIAL VEHICLE INDUSTRY, 2010-2012
5.1 Analysis on Economic Environment Risk
5.2 Analysis on Policy Environment Risk
5.3 Technical Risk
5.4 Analysis on Market Risks
5.4.1 Supply and Demand Risk
5.4.2 International Market Risk
5.4.3 Market Competition Risk
5.4.4 Substitute Risk
5.4.5 Price Risk
5.4.6 Raw Material Risk
6 PREDICTION ON DEVELOPMENT AND INVESTMENT OF CHINESE COMMERCIAL VEHICLE INDUSTRY, 2010-2012
6.1 Prediction on Development of Chinese Commercial Vehicle Industry
6.1.1 Prediction on Market Scale
6.1.2 Technology Development Tendency
6.1.3 Market Competition
6.2 Prediction on Investment Opportunities in Chinese Commercial Vehicle Industry
6.3 Recommendation to Investment and Development of Chinese Commercial Vehicle Industry
1.1 Analysis and Prediction on Supply and Demand in the Commercial Vehicle Market
1.1.1 Analysis on Supply and Demand
1.1.2 Prediction on Demand, 2010
1.1.3 Prediction on Supply, 2010
1.2 Analysis and Prediction on Import and Export in the Commercial Vehicle Market
1.2.1 Analysis on Commercial Vehicle Export Market
1.2.2 Analysis on Commercial Vehicle Import Market
1.2.3 Comparison of Import and Export Prices
1.2.4 Prediction on Import and Export, 2010
1.3 Analysis and Prediction on Market Price of Commercial Vehicles
1.3.1 Analysis on Market Price
1.3.2 Prediction on Market Price, 2010
1.4 Analysis on Influence of International Financial Crisis on Chinese Commercial Vehicle Industry
1.4.1 Influence on Supply
1.4.2 Influence on Consumption
2 ANALYSIS AND PREDICTION ON COMPETITION IN CHINESE COMMERCIAL VEHICLE INDUSTRY, 2009-2010
2.1 Analysis and Prediction on Competition Characteristics
2.1.1 Analysis and Prediction on Market Concentration
2.1.2 Analysis on Entry and Exit Barriers
2.2 Analysis and Prediction on Competition Structure
2.2.1 Competition among Existing Manufacturers
2.2.2 Threats from Substitutes
2.2.3 Potential Competitors
2.2.4 Bargaining Power of Purchasers
2.2.5 Bargaining Power of Suppliers
2.3 Analysis on Brand Competition
2.3.1 Analysis on Brand Structure of Chinese Commercial Vehicle Market, 2009-2010
2.3.2 Analysis on Competition of Commercial Vehicle Brands in China, 2009-2010
2.3.3 Prediction on Competition of Commercial Vehicle Brands in China, 2011-2012
2.4 Analysis and Prediction on M&A in Chinese Commercial Vehicle Industry
2.4.1 Analysis on M&A Background
2.4.2 Analysis on M&A Cases
2.4.3 Prediction on M&A Tendency
3 ANALYSIS ON SUB-INDUSTRIES OF CHINESE COMMERCIAL VEHICLE INDUSTRY
3.1 Analysis on Changes of Supply and Demand in the Bus Market
3.1.1 Changes of Supply and Demand
3.1.2 Changes of Consumption Structure
3.1.3 Price Changes
3.2 Analysis on Changes of Supply and Demand in the Truck Market
3.2.1 Changes of Supply and Demand
3.2.2 Changes of Consumption Structure
3.2.3 Price Changes
3.3 Analysis on Changes of Supply and Demand in the Semi-Trailer Towing Vehicle Market
4 ANALYSIS ON MAJOR ENTERPRISES IN CHINESE COMMERCIAL VEHICLE MARKET, 2009-2010
4.1 Beiqi Foton Motor Co., Ltd
4.1.1 Overview
4.1.2 Operation
4.1.3 Development Strategy and Prospects
4.2 Dongfeng Motor Corporation
4.2.1 Overview
4.2.2 Operation
4.2.3 Development Strategy and Prospects
4.3 FAW Group Corporation
4.3.1 Overview
4.3.2 Operation
4.3.3 Development Strategy and Prospects
4.4 Jianghuai Automobile Co., Ltd
4.5 China National Heavy Duty Truck Group Co., Ltd
4.6 Nanjing Automobile (Group) Corporation
4.7 Chang'an Automobile (Group) Co., Ltd
4.8 Jiangling Motors Group Co., Ltd
4.9 Shaanxi Automobile Group Co., Ltd
4.10 Other Enterprises
5 ANALYSIS ON RISKS IN CHINESE COMMERCIAL VEHICLE INDUSTRY, 2010-2012
5.1 Analysis on Economic Environment Risk
5.2 Analysis on Policy Environment Risk
5.3 Technical Risk
5.4 Analysis on Market Risks
5.4.1 Supply and Demand Risk
5.4.2 International Market Risk
5.4.3 Market Competition Risk
5.4.4 Substitute Risk
5.4.5 Price Risk
5.4.6 Raw Material Risk
6 PREDICTION ON DEVELOPMENT AND INVESTMENT OF CHINESE COMMERCIAL VEHICLE INDUSTRY, 2010-2012
6.1 Prediction on Development of Chinese Commercial Vehicle Industry
6.1.1 Prediction on Market Scale
6.1.2 Technology Development Tendency
6.1.3 Market Competition
6.2 Prediction on Investment Opportunities in Chinese Commercial Vehicle Industry
6.3 Recommendation to Investment and Development of Chinese Commercial Vehicle Industry
SELECTED CHARTS
Chart Production and Sales Volume of Commercial Vehicles in China, 2005-2009
Chart Monthly Production and Sales Volume of Commercial Vehicles in China, 2009-2010
Chart Commercial Vehicle Import in China, 2006-2009
Chart Commercial Vehicle Export in China, 2006-2009
Chart Average Import and Export Prices of Buses in China, 2006-2009
Chart Average Import and Export Prices of Trucks in China, 2006-2009
Chart Market Concentration of Chinese Commercial Vehicle Industry, 2008-2010
Chart Top 10 Manufacturers in Chinese Commercial Vehicle Industry and Their Sales Volumes, 2008-2010
Chart Sales of Sub-industries of Chinese Commercial Vehicle Industry (Including Incomplete Vehicles), 2009
Chart Production and Sales Volume of Buses in China, 2008-2010
Chart Production and Sales Volume of Trucks in China, 2008-2010
Chart Sales of Beiqi Foton Motor Co., Ltd, 2006-2010
Chart Operating Revenue of Dongfeng Motor Corporation, 2006-2010
Chart Production and Sales Volume of Dongfeng Motor Corporation, 2006-2010
Chart Operating Revenue of Dongfeng Automobile Co., Ltd, 2006-2010
Chart Major M&A Events in Chinese Commercial Vehicle Industry
Chart Prediction on Sales Volume of Commercial Vehicles in China, 2010-2014
Chart Production and Sales Volume of Commercial Vehicles in China, 2005-2009
Chart Monthly Production and Sales Volume of Commercial Vehicles in China, 2009-2010
Chart Commercial Vehicle Import in China, 2006-2009
Chart Commercial Vehicle Export in China, 2006-2009
Chart Average Import and Export Prices of Buses in China, 2006-2009
Chart Average Import and Export Prices of Trucks in China, 2006-2009
Chart Market Concentration of Chinese Commercial Vehicle Industry, 2008-2010
Chart Top 10 Manufacturers in Chinese Commercial Vehicle Industry and Their Sales Volumes, 2008-2010
Chart Sales of Sub-industries of Chinese Commercial Vehicle Industry (Including Incomplete Vehicles), 2009
Chart Production and Sales Volume of Buses in China, 2008-2010
Chart Production and Sales Volume of Trucks in China, 2008-2010
Chart Sales of Beiqi Foton Motor Co., Ltd, 2006-2010
Chart Operating Revenue of Dongfeng Motor Corporation, 2006-2010
Chart Production and Sales Volume of Dongfeng Motor Corporation, 2006-2010
Chart Operating Revenue of Dongfeng Automobile Co., Ltd, 2006-2010
Chart Major M&A Events in Chinese Commercial Vehicle Industry
Chart Prediction on Sales Volume of Commercial Vehicles in China, 2010-2014
