May 20, 2024

China's special-purpose vehicle market develops rapidly, accounting for 18% of commercial vehicles' share -25%


According to the China Federation of Logistics and Purchasing, this year, under the strong impetus of steady and rapid development of the domestic economy, the production and sales of commercial vehicles continued to operate at high levels, and the upward momentum was strong. Among them, the special-purpose vehicle market has developed rapidly, accounting for about 18% to 25% of the overall commercial vehicle market share.

At present, there are more than 500 special-purpose automobile manufacturing enterprises in China and more than 1,550 special-purpose vehicles. They serve a wide range of fields in the national economy, such as road transportation, engineering construction, oil fields, mining, electricity, telecommunications, postal services, and finance. Industry, which puts higher requirements on the quality, function, space and other aspects of special vehicle products. At present, the market share of special vehicles is relatively small compared to the entire automotive industry. The production capacity of most domestic special vehicle manufacturers is small, with low technological content, and uneven product quality, indicating that China’s special vehicles are the way to go. It is still very long and there is still plenty of room for market development.

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