With the fading effect of a 4
trillion yuan stimulus package as well as the slowdown of Chinese economic
growth rate, the demand in China heavy truck market has kept declining since
2011. In 2012, the sales volume of heavy trucks in China was no more than
636,000 units, down 27.78% over 2011.
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In H12013, the heavy truck industry
of China saw pickup in terms of both output and sales volume, with the sales
volume, in particular, increasing by 8.36% year-on-year. The contributing
reasons are as follows: a) China’s investment in infrastructure construction
saw a steady growth rate; b) the requirements for updating heavy trucks which
are on their last legs since 2008-2010 when witnessed a spike in sales; c) the
release of National Ⅳ
emission standard brought with orders for consumption in advance.
However, from the perspective of the
overall situation all the year round, China’s sales of heavy truck is not so
optimistic, with the expected growth in sales volume by around 6%, against the
backdrop of a series of adverse factors such as slackened macro-economic
situation as a whole, declining demand for coal power and the growth dive of
highway freight volume.
In 2011-2012, the output of China’s
top five heavy truck producers fell to varying degrees. In H1 2013, with the
sole exception of SINOTRUK whose output declined slightly by 3%, the rest four
ones saw pickup in output to various degrees.
Dongfeng Automobile Co., Ltd.
-- in 2012, the company saw steep drop in both output and sales volume of
heavy trucks, with the figure of 119,649 and 130,830, respectively, down 30.52%
year-on-year and 29.65% year-on-year. In 2013H1, the company’s output and sales
volume of heavy trucks turned around for the better, up 12% year-on-year and 9%
year-on-year, respectively. In Sep.2013, the 80,000 units/a capacity of its
Shiyan Heavy Truck Base is expected to fully put into production.
FAW Group --it boasts the widest
range of product line in China heavy truck industry. In 2012, the company’s
output and sales volume of heavy trucks dropped by 31.33% year-on-year and
33.28% year-on-year, respectively. Given the weakening domestic heavy truck
market, the company is gearing its focus on Russia, South Africa and other
overseas markets.
Beiqi Foton Motor Co., Ltd. --in
2011-2013, the company, in terms of output and sales volume, came first among
the top five industrial players in China. In H12013, its output and sales
volume presented a year-on-year rise of 42% and 25%, respectively, well
above the rest four.
The report analyzes external factors
exerting impacts on the demand in China heavy truck market, and predicts the
output and sales volume of China heavy trucks market, on the basis of the
output and sales volume of heavy trucks by model as well as the operation of
major heavy truck enterprises.
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