China Commercial Vehicle Industry Report, 20142017- Market Analysis, Size, Share, Growth, Trends
And Forecast Report by Market Research Store
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China Commercial Vehicle Industry Report, 20142017- Market Analysis, Size, Share, Growth, Trends
and Forecast Report by Market Research Store
Latest Study Research Report on China Commercial Vehicle Industry Report,
2014-2017 - Market Analysis, Size, Share, Growth, Trends And Forecast
Research Report by Market Research Store.
According to China Commercial Vehicle Industry Report, 2014-2017 by Sino
Market Insight, sales volume of China’s commercial vehicles is estimated to
register a CAGR of 6% in 2014-2017, and will reach 5.12 million in 2017.
The development of commercial vehicle industry is closely related to macro
economy. In 2013, the growth rate of China’s GDP fell to 7.7%, while
commercial vehicle market experienced slow growth at the same time, with
output and sales volume increasing by 7.6% and 6.4%, respectively.
In view of market segment, the truck market remain depressed due to slower
pace in infrastructure construction and project construction. In 2013, output
and sales volume of trucks in China were 2.705 million and 2.726 million
separately, edging up 3.3% and 2.8% year-on-year. It is expected that the
truck market will maintain a moderate growth trend over the next few years
because of continuous structural adjustments of China’s macro economy.
Driven by positive factors like tourist bus and school bus, bus market saw
rapid development in recent years. In 2013, output and sales volume of bus in
China reached 483,000 and 477,000, rising by 13.4% and 12.0% from a year
earlier respectively. It is projected that spurred by new energy bus and...