NEW YORK, May 2, 2017 /PRNewswire/ -- Propelled by infrastructure investment, quicker upgrading of environmental protection, elimination of "yellow label" vehicles, and intelligent and normal supervision of special vehicle market, the truck industry in China picked up in 2016 with production and sales rising to 3.14 million units and 3.10 million units respectively. Generally steady economic progress and sustained investment growth in logistics sector will spur larger demand for trucks in 2017. Moreover, continuous special action on vehicle over-size and overloading, upgrading to National V emission standard, the end of elimination of 'yellow label' vehicle (that doesn't meet exhaust emission standards), and the ban on low-speed trucks will quicken the updating of vehicles. However, as the Chinese economy grows amid great uncertainties and the truck market has been nearly saturated, the market is not likely to maintain the momentum of sustained development in the medium and long run.
Read the full report: http://www.reportlinker.com/p04873769/China-Truck-Industry-Report.html
Truck can be divided into heavy truck, medium truck, light truck, and mini truck by load capacity. Ever-growing logistics industry has created bigger demand for light trucks in recent years with the products always ranking first by output among product segments. In 2016, the sales of light truck amounted to 1,549,379 units, 49.27% of total truck sales, followed by heavy truck (23.41%) and mini truck (19.98%).
The truck industry in China has found a stable competitive landscape with corporate champions enjoying clear long-term competitive edges. Top5 manufacturers sold 46.01% of total trucks in domestic market and top10 ones 67.56% in 2016. As the light truck holds the lion's share of truck production and sales, light truck manufacturers have overwhelming advantages over others among top 10 truck producers.
China Truck Industry Report, 2017-2021 focuses on the following:
Overview of truck industry in China (definition, classification, sources of technology, latest policies, orientation of development, etc.);
Status Quo of truck industry in China (ownership, output & sales, market structure, import & export, competitive landscape, etc.);
Overview of the Chinese truck market segments (output & sales, competitive landscape, etc. of heavy truck, medium truck, light truck, and mini truck, etc.);
Truck industry chain in China (raw material markets, application markets, etc.);
Read the full report: http://www.reportlinker.com/p04873769/China-Truck-Industry-Report.html
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