New study "China Vehicle Diesel
Engine Industry Research Report, 2014-2017" estimates that China vehicle
diesel engine market will keep an AAGR of 6% from 2014 to 2017 and the total
sales volume will be close to 4.5 million sets.
With growth of commercial vehicle output
in 2013, vehicle diesel engine market has warmed up with the annual output
reaching 3.563 million sets, increasing 7.3% YoY but still below 3.936 million
sets in 2010 and 3.59 million sets in 2011. in January-February, 2014, China
vehicle diesel engine output was 648,467 sets, representing an increase of 8.2%
over the same period in 2013.
In 2013, there were 21 vehicle diesel
engine manufacturers in China, and the TOP five were Guangxi Yuchai, Weichai
Power, Anhui Quanchai Engine, FAW Group and Jiangling Motors. Among them,
Weichai Power sold 516,000 sets of vehicle diesel engines in 2013, surging
98.7% YoY, standing at 14.5% of sales volume of the whole industry. It enjoyed
the highest growth rate of sales volume among all vehicle diesel engine
manufacturers. Weichai Power's rapid rise in sales volume benefited from the
substantial increase of truck sales of its major client --Foton Daimler.
In 2013, Weichai Power achieved revenue
of RMB 58.31 billion, a year-on-year increase of 21% YoY and net income of RMB
3.82 billion, up 18% YoY.
In 2014, the National IV Diesel Engine
Emission Standards are being widely implemented, the installation rate of
China's high-pressure common rail engine will increase from 30% in 2013 to
60%-70%. As it enjoys greater superiority in high pressure common rail engine
technology, in 2014 Weichai’s sales volume of diesel engine are expected to be
further improved.
China's economy is in a transition phase
and economic growth is slowing down. These factors will result in fluctuations
in market demand for diesel engine. Furthermore, China's passenger vehicle
diesel engine market penetration is still very low, thus in the future, the
growth stimulus for Chinese vehicle diesel engine market will still come to
commercial vehicles.
Spanning over 91 pages, “China Vehicle Diesel Engine Industry
Research Report, 2014-2017” report
covering the Industry Macro Environment, Overview of Diesel Engine, Vehicle
Diesel Engine Market, Self-equipped Volume and Commodity Volume of Vehicle
Diesel Engine, Related Industries, Major Companies. The report covered 17 companies - Kunming Yunnei Power Co., Ltd., Anhui
Quanchai Engine, Guangxi Yuchai Machinery, Shanghai Diesel Engine, Weichai
Power, FAW Group, Dongfeng Motor, Dongfeng Chaoyang Diesel, China National
Heavy Duty Truck Group, Beiqi Foton Motor, Jiangling Motors, Dongfeng Motor
Commercial Vehicle, Great Wall Motor Company, Anhui Jianghuai Automobile,
Shandong Huayuan Laidong Internal-Combustion Engine.
Know more about this
report at: http://mrr.cm/ZcA
Find all Components Reports
at : http://www.marketresearchreports.com/components
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