China Commercial Vehicle Industry 2014, Global Industry Analysis, Size, Share, Growth, Trends and Forecast
According to China Commercial Vehicle Industry Report, 2014-2017 by Sino Market Insight, sales volume of China’s commercial vehicles is estimated to register a CAGR of 6% in 2014-2017, and will reach 5.12 million in 2017. The development of commercial vehicle industry is closely related to macro economy. In 2013, the growth rate of China’s GDP fell to 7.7%, while commercial vehicle market experienced slow growth at the same time, with output and sales volume increasing by 7.6% and 6.4%, respectively.
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