China Heavy Truck Industry Report, 2015-2018
  • July 2015
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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:
20120114.gifNew 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
20120114.gifEnergy 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.
20120114.gifLogistics 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.

重卡 英文_副本.png
Source: ResearchInChina

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:
20120114.gifOverview of China heavy truck industry, including definition, classification, technology introduction, etc.;
20120114.gifStudy of China’s overall heavy truck market, including ownership, output, sales volume, competition pattern and the latest market characteristics;
20120114.gifAnalysis 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;
20120114.gifStudy of China’s heavy truck industry chain, including key parts market, raw material market and downstream market;
20120114.gifStudy 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 Ⅳ 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
Classification of Heavy Truck Industry
Technology Introduction of Key Heavy Truck Manufacturers in China
China Vehicle Emission Standards
China's Heavy Truck Ownership, 2005-2018E
China's Heavy Truck Output, 2005-2018E
China's Heavy Truck Sales Volume, 2005-2018E
China's Heavy Truck Output and Growth Rate by Model, 2014-2015
China's Heavy Truck Sales Volume and Growth Rate by Model, 2014-2015
Sales Volume and Market Share of Top 10 Heavy Truck Enterprises in China, 2014-2015
Sales Target of Major Heavy Truck Enterprises in China, 2015
Sales Volume of LNG Heavy Trucks in China, 2012-2018E
Major LNG Heavy Truck Manufacturers in China
International Crude Oil and Liquefied Natural Gas Price, 2011-2015  
High-end Heavy Truck Products in China by Enterprise 
China's Complete Heavy Truck Output and Sales Volume, 2005-2018E
China's Complete Heavy Truck Import and Export Volume and Value, 2009-2015
Sales Volume and Market Share of Top 10 Complete Heavy Truck Enterprises in China, 2014-2015
China's Incomplete Heavy Truck Output and Sales Volume, 2005-2018E
China's Incomplete Heavy Truck Import and Export Volume and Value, 2009-2015  
Sales Volume and Market Share of Top 10 Incomplete Heavy Truck Enterprises in China, 2014-2015
China's Semi-trailer Towing Vehicle Output and Sales Volume, 2005-2018E 
China's Semi-trailer Towing Vehicle Import and Export Volume and Value, 2009-2015  
Sales Volume and Market Share of Top 10 Semi-trailer Towing Vehicle Enterprises in China, 2014-2015  
Market Structure of Semi-trailer Towing Vehicles in China, 2005-2018E
Output and Sales Volume of Semi-trailer Towing Vehicles (≤25 Tonnage)in China, 2005-2018E  
Sales Volume and Market Share of Top 10 Semi-trailer Towing Vehicle (≤25 Tonnage) Enterprises in China, 2014-2015
Output and Sales Volume of Semi-trailer Towing Vehicles (25-40 Tonnage) in China, 2005-2018E  
Sales Volume and Market Share of Top 5 Semi-trailer Towing Vehicle (25-40 Tonnage) Enterprises in China, 2014-2015 
Output and Sales Volume of Semi-trailer Towing Vehicles (>40 Tonnage) in China, 2005-2018E  
Sales Volume and Market Share of Semi-trailer Towing Vehicles (>40 Tonnage) in China by Enterprise, 2014-2015  
Automotive Industry Chain 
Transmission, Axle and Engine Supply of Major Heavy Truck Manufacturers in China
China's Galvanized Sheet (Strip) Output and Sales Volume, 2005-2015
China's Galvanized Coil Price, 2013-2015 
China's Cold-rolled Thin Sheet Output and Sales Volume, 2005-2015  
China's Cold-rolled Coil Price, 2013-2015 
China's Natural Rubber Spot Price, 2013-2015 
China's Investment in Fixed Assets, 2005-2015 
China's Investment in Real Estate Development, 2005-2015 
China's New Housing Construction Area and Sales Area, 2004-2014
Proportion of Logistics Heavy Truck to Engineering Heavy Trucks in China by sales volume,, 2005-2018E
China's Highway Freight Volume and Turnover, 2005-2015
FAW Jiefang’s Heavy Truck Output and Sales Volume, 2009-2015
Sinotruk’s Revenue and Net Income, 2010-2015  
Sinotruk’sGross Margin, 2010-2015  
Sinotruk’s Revenue Structure by Business, 2014  
Sinotruk's Heavy Truck Output and Sales Volume, 2009-2015  
Dongfeng Motor's Revenue and Net Income, 2010-2015  
Dongfeng Motor's Gross Margin, 2010-2015  
Dongfeng Motor's Revenue from Major Regions, 2013-2014  
Dongfeng Motor's Heavy Truck Output and Sales Volume, 2009-2015  
Foton's Revenue and Net Income, 2010-2015  
Foton's Gross Margin, 2010-2015  
Foton's Revenue and Gross Margin by Business, 2013-2014  
Foton's Heavy Truck Output and Sales Volume, 2009-2015  
Capacity of Beijing Foton Daimler, 2015  
Main Heavy Truck Products of Shaanxi Automobile Group
Shanxi Automobile Group’s Heavy Truck Output and Sales Volume, 2009-2015  
JAC’s Revenue and Net Income, 2010-2015  
JAC’s Gross Margin, 2010-2015  
JAC's Overseas Revenue and % of Total, 2009-2014
JAC’s Heavy Truck Output and Sales Volume, 2009-2015  
Hualing Automobile’s Assets and Net Income, 2012-2014
CAMC’s Products Series
Hualing Automobile’s Heavy Truck Output and Sales Volume, 2009-2015  
Hualing Automobile’s Production and Operation Target, 2015
Qingling Motors’ Revenue and Net Income, 2010-2014  
Qingling Motors’ Gross Margin, 2010-2014  
Qingling Motors’ Heavy Truck Output and Sales Volume, 2009-2015  
Dayun Automotive’s Heavy Truck Output and Sales Volume, 2009-2015   
BEIBEN Trucks’ Heavy Truck Output and Sales Volume, 2009-2015  
SAIC-IVECO Hongyan’s Heavy Truck Output and Sales Volume, 2009-2015  
Main Heavy Truck Products of Tri-Ring Special Vehicle
Tri-Ring Special Vehicle’s Heavy Truck Output and Sales Volume, 2009-2015  
Xugong Automobile’s Heavy Truck Output and Sales Volume, 2009-2015  
GAC Hino Motors’s Assets, Liabilities, and Revenue, 2012-2014
GAC Hino Motors’s Heavy Truck Output and Sales Volume, 2009-2015  
Feidie Automobile’s Heavy Truck Output and Sales Volume, 2009-2015  
Growth Rate of China's Heavy Trucks in Sales Volume, 2006-2015  
China's Heavy Truck Market Structure, 2005-2018E 
China's Heavy Truck Market Concentration, 2009-2015  
Market Share of Major Heavy Truck Enterprises in China, 2009-2015

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