Commercial Heavy Duty Truck Industry And Market Characteristics

Commercial heavy duty truck industry and market characteristics

According to the classification standards of the China Association of Automobile Manufacturers, trucks are divided into four categories according to the total mass: heavy, medium, light and micro, of which: total mass >14 tons for heavy trucks (heavy trucks). According to the model of the product, the heavy truck is divided into heavy truck complete vehicle, heavy truck non-complete vehicle (heavy truck chassis) and semi-tractor. According to the power type, it can also be divided into traditional fuel heavy trucks, natural gas heavy trucks, pure electric heavy trucks, hybrid heavy trucks, fuel cell heavy trucks, and alternative fuel heavy trucks.

Industrial chain analysis: multi-cross development between enterprises

The heavy truck industry has the characteristics of multi-industry crossing, and there are many industries involved in the industrial chain. The upstream of the heavy truck industry chain includes raw materials and components, involving the power system industry (such as engines, transmissions, pistons), the transmission system industry (such as drive shaft, clutch), the driving system industry (such as wheels, tires, air springs), the braking system industry (such as ABS systems, retarders, brakes), as well as batteries, non-tire rubber and other industries. The products of some upstream enterprises have strong extensibility and can cover most parts of heavy trucks. Weichai Group, for example, owns Weichai Power (engine and other power systems), Fast (transmission, hydraulic retarder, clutch, etc.), Hande axle (steering shaft, heavy truck bridge, etc.) and many other parts supply enterprises. The downstream of the heavy truck industry chain includes the truck leasing industry, engineering transportation (such as construction, road and railway construction, municipal engineering construction), logistics and transportation industry (such as express delivery, material transportation).