In 2020, the sales volume of dump trucks was 365,000, a year-on-year increase of 15.6%. From the perspective of dump truck drive structure, the dump truck market is dominated by 4X2.8X4 models; from the perspective of dump truck model structure, the dump truck market is dominated by light trucks and heavy trucks.
Infrastructure projects drive the increase in demand for dump trucks
In 2020, the sudden new crown pneumonia epidemic has had a greater impact on my country's economy. In order to reduce economic losses, local governments have successively increased investment in infrastructure construction, a large number of infrastructure projects have started construction, and the market demand for dump trucks has surged. In 2020, the sales volume of dump trucks was 365,000, a year-on-year increase of 15.6%.
Dump trucks are mainly 4*2 and 8*4 models
From the perspective of the dump truck drive structure, the dump truck market is dominated by 4X2.8X4 models, accounting for about 80% of the total. From the perspective of the drive structure trend, it is affected by regulations such as "large-tonne and small-standard" governance, over-limit and overload control, and 6X4 Dump trucks are shifting to 8X4 models, and the proportion of 8X4 models is increasing year by year. In 2020, the 8X4 model market accounted for 35.3%, and the proportion of 6X4 models showed a downward trend.
From the perspective of dump truck model structure, the dump truck market is dominated by light trucks and heavy trucks, with medium trucks accounting for a relatively small proportion. From the perspective of structural trends, the proportion of heavy trucks is increasing year by year. In 2020, the market share will reach 62.7%, an increase of 0.7 percentage points from 2019. The proportion of light trucks is declining year by year, and the proportion in 2020 is 33.2%, which is 7.3 percentage points lower than in 2019.
The concentration of dump truck enterprises has further increased
From the perspective of the competitive landscape of dump truck companies, the market concentration of TOP10 dump truck sales companies is 80.5%, an increase of 1.3 percentage points compared with the same period in 2019, and the company concentration is even higher. Statistics show that a total of 75 companies have achieved sales in 2020, of which 4 companies have sold more than 30,000 vehicles, 7 companies have sold 10,000-20,000 vehicles, and 18 companies have sold 1,000-10,000 vehicles. As many as 46 companies have sold less than 1,000 vehicles, accounting for 61.3%. Beiqi Foton, China National Heavy Duty Truck and Shaanxi Automobile Group ranks the top three in the market, with a share of 37.8%.
From the perspective of the regional distribution of dump trucks, dump truck products are mainly sold in regions with fast economic development and many infrastructure projects such as Zhejiang, Guangdong, Sichuan, Jiangsu and Henan. The sales volume of the TOP10 market is 62.8%, which is an increase of 0.1 compared to the same period in 2019. Percentage points. From the perspective of full-year sales in 2020, there are 7 regions with cumulative sales of more than 20,000 vehicles. Among them, Zhejiang Province occupied the top with 38,255 sales and 10.5% market share, an increase of 31.4 year-on-year.