Burgeoning Freight and Logistics Demands to Fuel Recovery of China’s Commercial Truck Industry
Frost & Sullivan Manufacturing
MARCH 31, 2024
million units in 2022, reflecting a YoY decrease of 35.3%. million units in 2022 to 1 million in 2030 on the back of technological improvements and government support. The top five OEMs—Foton, Dongfeng, CNHTC, JAC, and FAW Jiefang—captured over 55% of the market in 2022, leaving 45 OEMs to fight over the remaining market share.
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