Driven by multiple factors, it has become an industry consensus that the heavy-duty truck market will continue to pick up in 2024, and the substantial growth in heavy-duty truck export sales has made the overseas market a hot track for heavy-duty truck companies to compete.
According to data from the General Administration of Customs, in April 2024, 35,000 heavy-duty trucks were exported, a year-on-year increase of 22.2% and a month-on-month increase of 20.4%, setting a new record for export sales. From January to April, a total of 109,000 heavy-duty trucks were exported, a year-on-year increase of 11.6%.
“Daily Economic News” reporters noted that targeting overseas markets has become an important measure for heavy-duty truck companies to cope with intensified competition in the domestic market and seek further growth. A number of domestic commercial vehicle leading companies have made overseas market development a key task in 2024.
Against the backdrop of increased export expectations, top-ranked heavy-duty truck companies will also be on the cusp of the trend. Dongwu Securities said in a research report that, from the perspective of enterprises, my country’s heavy-duty truck export structure is highly concentrated: According to the data of China Automobile Association, domestic heavy-duty trucks will be exported in 2022 and 2023, respectively, 210,000 and 276,000 units, and the top five heavy-duty truck companies (SINOTRUK, Shaanxi Heavy Duty Truck, FAW Jiefang, Dongfeng Motor, and BAIC Foton) will export 198,000 and 258,000 units in 2022 and 2023, respectively, accounting for 94.0% and 93.6%.
With the strong performance of domestic truck exports, the demand for accessories in foreign markets has also expanded year by year.
Our company has been committed to exporting Chinese truck accessories for many years, especially SINOTRUK, Shaanxi Automobile(shacman), Dongfeng, Weichai, Beiben, Foton, FAW, etc. have outstanding advantages.
