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Position:analyst > analysis > Analysis of China Bus Market Development in 2010

Analysis of China Bus Market Development in 2010

2011-02-25    Source:www.chinabuses.org
Summarize:

www.chinabuses.org: In 2010, the general operation environment of bus industry is good due to the extending highway, tourism prosperity, increasing quality of buses & coaches and growing market demand. The sales volume of buses & coaches is more than 400,000 units, and the growth speed is the highest in recent five years. 


Bus Market Demand Grows Fast and Sales of Large Buses are Outstanding


In 2010, the sales volume of buses & coaches is 414,500 units, y/y growth of 27.66%, sales-output ratio of 99.28%. Large Buses: 75,800 units, y/y growth of 43.15%; Light Buses: 260,400 units, y/y growth of 28.06%; Medium Buses: 78,300 units, 14.47%. As for sales-output ratio, light buses: 99.77%; large buses: 98.31%; medium buses: 98.49%. Based on the fuel type, the sales of both diesel buses and gasoline buses obviously grow, compared with that in the same period of last year, in particular, the diesel buses. (Diesel buses: 280,400 units, y/y growth of 32.90%; Gasoline buses: 120,100 units, y/y growth of 17.53%; others: 14,000 units, y/y growth of 21.42%).


Full Growth of Buses & Coaches in Six Sales Regions


In 2010, it turns on fast growth of buses & coaches in six regions. Compared with the previous year, it grows 39.64% (68,400 units) in mid-southern China; 32.05% (59,200 units) in North China, 27.52% (114,600 units) in East China; 14.18% (38,300 units) in southwestern China; 11.77% (34,200 units) in Northeast and 18.17% (25,400 units) in Northwest.


Based the types of buses & coaches, the sales of the various products grow, apart from the articulated buses. The sales conditions are as followed in 2010: Tourist Coaches (24,300 units, y/y growth of 56.27%); small buses (170,100 units, y/y growth of 25.75%); city buses (63,700 units, y/y growth of 15.04%); intercity buses (77,100 units; y/y growth of 29.63%); special buses (4,800 units; y/y growth of 44.03%) and articulated buses (85 units; y/y growth of -49.70%).


Mainstream Bus Builder Perform Actively and the Market Shares of Top 5 Builders Take Over a Half


In 2010, top 10 bus builders are Brilliance Jinbei, JMC, Yutong, Naveco, Foton, King Long, Golden Dragon, Higer, Shaolin and Zhongtong, and the sales volume of the top 5 builders exceed 230,600 units, occupying 55.63% of market shares.


In 2010, the sales volume of top 10 bus builders reaches 317,800 units, accounting for 76.67% of the total sales. The related market shares increase by almost 3 percentage compared with that in 2006.


In 2011, the national macro economic environment will be more complex and full with some uncertainty. The adjustment and the optimization of the bus industry structure speeds up, which promote the further development and the launching of the products in accordance with the market demand of the bus builders. 

Editor:Andrea

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