The Chinese heavy-duty truck market is expected to maintain steady and low-speed development for the next five years and enter the “micro-growth†period. In 2015, due to the “structural deceleration†of the country’s macroeconomics, the continuous slowdown in GDP growth, and the saturation of the market, heavy truck sales are expected to decline by about 10%. Â
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The reporter learned from the China National Machinery Industry Federation on the 4th that, due to the country’s macroeconomic situation, the overall market for heavy trucks in China was not good in 2014, and the overall market sales volume will remain at the same level as the same period of last year. It is expected that annual sales will reach approximately 765,000 vehicles.
The heavy truck market has historically been considered a barometer of the national economy. Talking about 2015, industry experts analyzed that from a favorable perspective, a large number of railway, highway and infrastructure construction projects approved by the National Development and Reform Commission at the end of 2014 provided certain guarantees for infrastructure investment and downstream heavy truck demand in 2015.
At the same time, the continuous slowdown in the growth of key indicators such as GDP and investment has made the downstream demand for heavy trucks still weak. Among them, the 2015 GDP growth rate is expected to further decline to about 7%; while the fixed asset investment growth rate is expected to be around 17%, the real estate industry in the first and second tier cities to maintain the status quo, in the third and fourth tier cities are faced with a huge bubble burst Risk, this will have a certain negative impact on China engineering heavy trucks. It is expected that the 2015 China heavy truck market may have a decrease of about 10% compared with 2014.
It is reported that the phase-out and update of yellow-standard vehicles will become a major highlight in 2015, which will have a positive effect on the segmented markets such as muck trucks and port tractors. In addition, changes in the way of logistics will determine the road vehicles are the protagonists of the market, especially the future market opportunities for efficient logistics tractors and trucks will be even greater.
The industry expects that in 2020 China's heavy truck market will have an annual sales volume of 1 million vehicles.