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Category: Business and Industry
Date Submitted: 04/12/2016 10:59 PM
China bus Market Size, Share, Trends, Company Profiles, Demand, Insights,
Analysis, Research, Report, Opportunities, Segmentation and Forecast To
2017
The China bus industry is projected to surpass 690,000 units by 2017. The sales volume is
estimated to grow at a 9% CAGR over the forecast period (2014-2017). The bus market in China
has seen an annual growth rate of 5%, considering the sales decline of the commercial vehicle
market.
Products of the China bus industry are divided by size, which include light, medium-sized, and
large buses. Large and light buses together registered sales of 477,000 units in 2012. This has
seen a 12.1% rise in sales in the same year. In the first quarter of 2014, the bus market sold
almost 112,980 units. This was a 13.6% rise in sales as compared to 2013. Almost 79,067 large
buses were sold in 2013, showing a steady annual growth of 5.2%.
Light buses performed better than its counterparts, registering a sales volume of 329,315 units in
2013. This was a 17% rise in growth as compared to 2012. Light buses grew at a 17.7% CAGR
during the periods of 2008 to 2013. School buses faced a mediocre growth due to lack of
financial support or government policies supporting its growth. But a policy highlighting the
importance of school bus safety is expected to trigger high sales by 2017.
Complete report is available at: http://www.radiantinsights.com/research/china-busindustry-report-2014-2017
Demand for energy buses and buses for long-distance transportation have contributed to the
market growth. But demand for long-distance buses has reduced by 5% on account of energy
buses. Medium-sized buses have reportedly sold almost 69,000 units in 2013. Downsizing school
buses and passenger transport buses in rural areas will lead to decreased sales for medium-sized
buses over the forecast period.
Major enterprises operating in the China bus industry include Yutong Bus, Anhui Ankai
Automobile, Dongfeng Motor Corporation, Zhongtong Bus, Kinglong Motor...