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China Heavy Truck Industry Report, 2012

 

Dallas, TX -- (ReleaseWire) -- 09/03/2012 -- In recent two years, as China''s economic growth rate slowed down, real estate development, infrastructure construction and the freight market have been in the downturn, the demand for heavy trucks has become weakened. From 2011 to H1 2012, Chinese heavy truck market saw a serious decline. In 2011, China''s heavy truck output and sales volume reached 822,700 and 880,600 separately, down 22.29% and 13.44% year on year respectively. In H1 2012, the heavy truck output and sales volume reached 343,600 and 371,600 respectively, down 31.95% and 31.62% year on year separately, showing higher decline rates.

The sales volume of Chinese heavy trucks dropped down by over 30% in H1 2012, but we believe that the market situation will be improved in H2 2012.

In China’s heavy truck industry, the market concentration degree is high. Top 5 manufacturers have about 80% market share together. In 2011 and H1 2012, the heavy truck sales volume of Dongfeng Motor exceeded that of China National Heavy Duty Truck and FAW Group, ranking first. From 2011 to H1 2012, the sales volume of top 5 manufacturers witnessed varying decline. In 2011, FAW Group saw the highest decline rate of 31.42%. In H1 2012, the sales volume of top 5 heavy truck enterprises fell by 20%-31%.

As the market demand weakens, the product sales volume continues to decline and the oil price keeps rising, natural gas heavy trucks have drawn the attention of the industry with its advantages in energy saving, safety, cleanliness and operating costs. In China, top five heavy truck enterprises have launched natural gas heavy trucks.

China National Heavy Duty Truck has conducted R & D and production of natural gas heavy trucks since 2008. In 2009, it produced and sold 100 natural gas heavy trucks; the number grew to 1,119 quickly in 2010 and more than 2,600 in 2011. In July 2012, China National Heavy Duty Truck promoted natural gas heavy trucks, especially HOWO natural gas trucks, in Shanxi and Hebei, and the sales volume was satisfying. China National Heavy Duty Truck plans to produce and sell 3,000 to 4,000 natural gas heavy trucks in 2012.

Shaanxi Automobile Group successfully developed CNG, LNG high-powered heavy trucks in 2011, particularly the orders and shipment of LNG heavy trucks grew by 200% in H1 2012. In the domestic market, Shaanxi Automobile Group has launched LNG heavy trucks successfully in Hebei. By June 2012, more than 400 trucks had been ordered, exceeding the annual sales volume of 37 in 2011. In foreign markets, the LNG heavy trucks of Shaanxi Automobile Group sell well in Southeast Asia.

The report includes the following aspects:

Technology introduction, emission standards and development trends of Chinese heavy trucks;
Output, sales volume, market structure and price trend in Chinese heavy truck market, as well as the development of LNG heavy trucks;
Output, sales volume, market share, import and export in three market segments (complete heavy trucks, incomplete heavy trucks and semitrailer tractors);
China heavy truck industry chain, including upstream raw material price trend, downstream demand, and heavy truck cost structure;
Major heavy trucks, operation, output, sales volume, new product R & D and corporate strategies of top 15 Chinese heavy truck enterprises.

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Key Enterprises
- Dongfeng Automobile Co., Ltd.
- CNHTC Jinan Truck Co., Ltd.
- FAW Group
- Shaanxi Automobile Group CO., Ltd.
- Beiqi Foton Motor Co., Ltd.
- Baotou Bei Ben Heavy-Duty Truck Co., Ltd.
- Anhui Jianghuai Automobile Co., Ltd.
- SAIC-IVECO Hongyan Commercial Vehicle Co., Ltd
- Anhui Hualing Automobile Co., Ltd.
- Chengdu Dayun Automotive Group Company Limited
- Hubei Tri-Ring Special Vehicle Co., Ltd.
- GAC Hino Motors Co., Ltd
- Zhejiang Feidie Automobile Manufacturing Co., Ltd.
- Nanjing Xugong Automobile Manufacturing Co., Ltd.
- Sichuan South Chun Auto Group Company Limited ?