China Medium and Heavy Trucks Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
Medium & Heavy Trucks in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The medium and heavy trucks market includes commercial vehicles (CVs), buses and coaches (BCs), heavy commercial vehicles (HCVs) and heavy buses and coaches (HBCs). CVs and BCs weigh 3.51 to 16 tonnes and include pick-ups and vans where they fall into this weight range. HCVs and HBCs weigh over 16 tonnes; the converted trucks and buses are excluded. The market volume include the number of newly registrated vehicle in any given year. The market value is calculated in terms of average manufacturer selling price (MSP) against market volume, and excludes all taxes and levies. All market data and forecasts are represented in nominal terms (i.e. without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The Chinese medium and heavy trucks market had total revenues of $132.3bn in 2021, representing a compound annual growth rate (CAGR) of 9.6% between 2017 and 2021.
- Market consumption volume increased with a CAGR of 6.8% between 2017 and 2021, to reach a total of 2,128,127.5 units in 2021.
- HCV had the highest volume in the Chinese medium and heavy trucks market in 2021, with a total of 968,998.6 units, equivalent to 45.5% of the market's overall volume.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the medium & heavy trucks market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the medium & heavy trucks market in China
- Leading company profiles reveal details of key medium & heavy trucks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China medium & heavy trucks market with five year forecasts
- What was the size of the China medium & heavy trucks market by value in 2021?
- What will be the size of the China medium & heavy trucks market in 2026?
- What factors are affecting the strength of competition in the China medium & heavy trucks market?
- How has the market performed over the last five years?
- Who are the top competitors in China's medium & heavy trucks market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market rivalry
- 1.7. Competitive Landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. Who are the other notable players in the Chinese market?
- 7.3. What are the most notable M&A deals in recent years?
- 8 Company Profiles
- 8.1. Dongfeng Motor Group Co Ltd
- 8.2. Sinotruk (Hong Kong) Ltd
- 8.3. China FAW Group Co Ltd
- 8.4. Beiqi Foton Motor Co Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: China medium & heavy trucks market value: $ billion, 2017-21
- Table 2: China medium & heavy trucks market volume: thousand units, 2017-21
- Table 3: China medium & heavy trucks market geography segmentation: $ billion, 2021
- Table 4: China medium & heavy trucks market value forecast: $ billion, 2021-26
- Table 5: China medium & heavy trucks market volume forecast: thousand units, 2021-26
- Table 6: Dongfeng Motor Group Co Ltd: key facts
- Table 7: Dongfeng Motor Group Co Ltd: Annual Financial Ratios
- Table 8: Dongfeng Motor Group Co Ltd: Key Employees
- Table 9: Sinotruk (Hong Kong) Ltd: key facts
- Table 10: Sinotruk (Hong Kong) Ltd: Annual Financial Ratios
- Table 11: Sinotruk (Hong Kong) Ltd: Key Employees
- Table 12: China FAW Group Co Ltd: key facts
- Table 13: China FAW Group Co Ltd: Key Employees
- Table 14: Beiqi Foton Motor Co Ltd: key facts
- Table 15: Beiqi Foton Motor Co Ltd: Annual Financial Ratios
- Table 16: Beiqi Foton Motor Co Ltd: Key Employees
- Table 17: China size of population (million), 2017-21
- Table 18: China gdp (constant 2005 prices, $ billion), 2017-21
- Table 19: China gdp (current prices, $ billion), 2017-21
- Table 20: China inflation, 2017-21
- Table 21: China consumer price index (absolute), 2017-21
- Table 22: China exchange rate, 2017-21
- List of Figures
- Figure 1: China medium & heavy trucks market value: $ billion, 2017-21
- Figure 2: China medium & heavy trucks market volume: thousand units, 2017-21
- Figure 3: China medium & heavy trucks market geography segmentation: % share, by value, 2021
- Figure 4: China medium & heavy trucks market value forecast: $ billion, 2021-26
- Figure 5: China medium & heavy trucks market volume forecast: thousand units, 2021-26
- Figure 6: Forces driving competition in the medium & heavy trucks market in China, 2021
- Figure 7: Drivers of buyer power in the medium & heavy trucks market in China, 2021
- Figure 8: Drivers of supplier power in the medium & heavy trucks market in China, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in China, 2021
- Figure 10: Factors influencing the threat of substitutes in the medium & heavy trucks market in China, 2021
- Figure 11: Drivers of degree of rivalry in the medium & heavy trucks market in China, 2021
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