Bus Industry, Potential Markets in Commercial Vehicles 2010
2010-01-18 Source：www.chinabuses.org
www.chinabuses.org: It predicts that speed increase of commercial vehicles will be about 23% next year. Sales volumes of commercial vehicles were 3,313,500 yuan (485,000USD), up 26.67% year on year in 2009. And sales volumes of vans and their chassis were 2,748,400 units, up 31.44%; and that of buses and their chassis were 354,000 units, up 7.13%. And we estimate sales volumes of commercial vehicles will be 4,080,000 units, up 235. And sales volumes of vans and their chassis were 3，400，000 units, up 24%; and that of buses and their chassis were 420,000 units, up 19%.
As overall macro-economy recovery, needs for heavy trucks and buses may surpass expectations. According to our data analysis towards regional markets of buses and heavy trucks, we found that bus markets are the provinces of labor intensive and major labor export provinces; while provinces owning rich resources or logistics ports.
And we discovered that prosperity leading indicators of van industry are volumes of freight increase on roads and turnover increase of road transportations; while that of bus industry are increase speed of volumes of freight and turnover of road transportations. As recovery of Chinese economy, volumes of road freight and passengers transportation will increase, so will need for heavy trucks and buses. In addition, Shanghai World Expo and Guangzhou Asia Games can also stimulate increase of tourism coaches.
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