Research and Markets adds China heavy truck industry report

In the first half of 2008, the sales of heavy trucks in China stood at 380,100 trucks, up 48.38 percent year over year. It is estimated that the sales will continue to grow in the second half of the year, but the growth rate will slow down, according to a Research and Markets study.

The Trucker News Services

9/10/2008

DUBLIN, Ireland — Research and Markets has added the “China Heavy Truck Industry Report, 2008” report to their offering.

China’s heavy truck industry grew rapidly in the period 2000-2004. The sales of heavy truck jumped to 370,795 units in 2004 from 82,184 units in 2000, hitting the highest of industry cycle, according to the research firm.

In 2005, China’s heavy truck industry had a negative growth due to impact of macro-economic control and skyrocketing oil prices, making the industry fall down to the bottom of industry cycle. The sales in the year reached 236,600 trucks, decreased 36 percent year over year.

In 2006, the industry had a recovery growth, the sales stood at 307,300 trucks, increased 30 percent year over year.

In 2007, the industry maintained the growth momentum in 2006; the sales reached 487,500 trucks, up 58.64 percent year on year. Among which, China National Heavy Duty Truck Group ranked the No.1 in terms of sales of 99,800 trucks, followed by FAW Group Corp. with sales of 96,200 trucks. Dongfeng Motor, Shaanxi Automobile Group and Fortan Motor ranked the third, fourth, fifth places respectively.

In the first half of 2008, the sales stood at 380,100 trucks, up 48.38 percent year over year. It is estimated that the sales will continue to grow in the second half of the year, but the growth rate will slow down.

Based on the authoritative statistics of the National Bureau of Statistics and China Association of Automobile Manufacturers, the Research and Markets report is designed to be thorough study on the current situation, market size, profitability, competition and key companies of China’s heavy truck industry, and also makes a development forecast.

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