Research Report on China Heavy Truck Industry Report, 2015-2018

Marketreportsonchina.com presents a report on “Research Report on China Heavy Truck Industry Report, 2015-2018”. This Report on Overview of China heavy truck industry, including definition, classification, technology introduction, etc. (http://www.marketreportsonchina.com/industry-mfg-market-research-reports-1207/china-heavy-truck.html)

July., 28th, 2015, Mumbai, India: Market Reports on China presents the report “Research Report on China Heavy Truck Industry Report, 2015-2018”. This Report on China is adjusting its economic growth pattern, and heavy trucks are undertaking the changes in profit model and product demand.

In 2014, China’s heavy truck sales volume totaled 748,000 units, falling 3.32% year on year; the accumulative sales volume for Jan.-Apr. 2015 reached 193,300 units, a sharp reduction of 33.52% from the same period in 2014. (http://www.marketreportsonchina.com/industry-mfg-market-research-reports-1207/china-heavy-truck.html) That was mainly because growing economic downward pressure led to a slowdown in fixed assets investment so that the real estate market experienced volatile adjustment, thus resulting in a fall in demand for heavy trucks. Meanwhile, China began to implement national IV emission standards in January 2015, which brought cost pressure to carmakers and increased the users’ procurement costs. On the other hand, the national IV standard-related facilities were still not well-equipped, such as insufficient denitration, a lack of urea supply centers, and less technical reserves of enterprises, which made some users take a wait-and-see attitude for new products, thereby, to some extent, restraining the demand for heavy trucks.

As of June 2015, there were three major positive factors in China’s heavy truck market that would boost demand:

New projects – In 2015, China will expand the effective investment and set up the promotion mechanism of major infrastructure projects, including more than 420 projects from 7 major project...