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China Commercial Vehicle Market Top Key Players – Foton, Dongfeng, SInotruck, JMC, Nanjing Iveco, SAIC Maxus Wuling, SHACMAN, Zhengzhou Yutong Bus Co. Ltd., Haige Bus((Suzhou Jinlong), Jinlong Bus, Higer Bus Company Limited, Foton Ouhui, Shenlong Bus, G

09-15-2021 12:55 PM CET | Logistics & Transport

Press release from: Mobility Foresights

China Commercial Vehicle Market Top Key Players – Foton,

KEY FINDINGS

• The market for commercial vehicles in China achieved the login volumes in 2020 as it exceeded the note of 5 m units for the first time.

• trucks occupy more than 90% of the market in terms of volumes.

• After a slow start in 2020, the market in the Oktoberven period has reached the highlight.

• Light bushes were good for 334,400 of these units with 6.5%

• In 2020 electric buses in China for ~ 12% of the total bus acquisition. The volume decreased by 12.3% to XX.

• The market leaders in the Trucks segment are photon, Dongfeng and Sinotruck. In the meantime, the market of the market was approved by the top 3 players JMC, Saic Maxus and Baic-Foton, which was approved ~ 44% of the total volume.

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CHINA COMMERCIAL VEHICLE MARKET DYNAMICS

• In the 2020 truck, the truck sold a steep increase in ~ 22% YOY, which is mainly due to the sales of heavy trucks, which increased by 38% last year. The sale of trucks in China grows with a much faster installment compared to commercial vehicle sales in China.

• In 2020, the export of buses from China decreased by almost 35% and the volumes were around 41,400. The total export volume is good for 9.40% of Chinese China sales volume of buses and coaches. The export of medium-sized buses was the segment that has been hit hard as exports in this segment fell by almost 50%.

CHINA COMMERCIAL VEHICLE MARKET SEGMENTATION

By Vehicle Type
• Trucks
• Buses

By End Use
• Domestic
• Exports

By Propulsion Type
• Gasoline
• Diesel
• Electric

LATEST DEVELOPMENTS IN CHINA COMMERCIAL VEHICLE MARKET

• In June 2021, Foton AuV BJ6122 Intercity Buses were officially launched in Lianyungang. These buses are addressed to the high-end market. These buses can dynamically adjust the asset output based on the road condition.

• Zhongtong has successfully developed the autonomous bus L4. This latest innovation of Zhongtong is capable of cruise, route planning, identification of traffic lights and avoiding barriers. They are one of the market leaders in the firebox segment in the country.

• In January 2021, Huawei and trunk, Chinese autonomous truck start, a partnership that is a partnership for research and development and market promotion of products in Smart Port

• In December 2020, establishes a JV focus that is specialized in the development, production, assembly and marketing of fuel cells.

COMPETITIVE LANDSCAPE

• In 2020, the combined volume of revenue of the top ten actors of the commercial vehicle was good 79.8% of the sum of the industry. The top 5 manufacturers were good for nearly 54% of the total volume.

• China’s bus market has 25 players in total, accounting for 0.5 million units in 2020.

• There are about 1516 large players in the truck market. The top 10 players are good for ~ 80% of the market. The first 3 actors on the market for trucks were photon, Dongfeng and Sinotruck, Bendig with 35.4% of the General Market in 2020.

COMPANY PROFILES
• Foton
• Dongfeng
• SInotruck
• JMC
• Nanjing Iveco
• SAIC Maxus Wuling
• SHACMAN
• Zhengzhou Yutong Bus Co. Ltd.
• Haige Bus((Suzhou Jinlong)
• Jinlong Bus
• Higer Bus Company Limited
• Foton Ouhui
• Shenlong Bus
• Golden Dragon
• BYD Company Limited
• Nenault Brilliance
• Kaiwo Automobile (Nanjing Jinlong)
• Zhongtong Bus Holding Co. Ltd.
• Ankai Bus

Read More Information: https://mobilityforesights.com/product/china-commercial-vehicle-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

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