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MARKET * China - Heavy-duty truck output rebounds in China
Beijing,China -China Economic Net, by Liang Guangli -26 Jan 2007: -- In 2006, having shaken off the downturn of 2005, China heavy truck industry realized its stable and modest growth. From January to October of 2006, 247.1 thousand heavy trucks (with a weight of over 14 tons) had been sold out, and the annual sales volume was predicted to be 300 thousand. Compared with 235.8 thousand in 2005, the growth rate would be over25 percent year on year... In 2006, heavy truck platform products and quasi heavy truck platform products had the equal shares in the market... From the view of 2007, the production and sales volume of heavy trucks will increase steadily... What's more, as the overseas development of domestic large heavy truck producers are steadily pushed forward, and the technology of heavy trucks in China is increasingly improved, the expansion of domestic enterprises into foreign markets will be speeded up. ... in 2007 the total demand in domestic heavy truck market is about 310 thousand, a little growth over the prediction of 300 thousand in 2006. According to incomplete statistics, in 2007 the planned sales volume of domestic large heavy truck producers has totaled to about 380 thousand, up 23 percent over the prediction of 310 thousand... In 2007, the development of heavy trucks in China will still step towards large tonnage, and quasi heavy truck platform users will transfer the interest into heavy truck platform; as a result, the market demand for heavy trucks will continue to be enlarged... In 2007, the engine will become the focus of competition between heavy truck companies... From the view of products, in 2007 the development of dump truck will transfer towards heavy truck platform with large tonnage; the market shares of dump truck of quasi heavy truck platform will continue to be reduced; the market share structure of dump truck will be readjusted... In 2007, domestic heavy truck producers will increase the investment in special trucks market. The competition in domestic special trucks field will be tougher...
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