Foreign media to see China's innovation awareness will help truck market rebound

Since the world's largest truck marketplace, foreign media have been really concerned about the trend of China's truck market. Frost & Sullivan's Industry Research Start released their views on the actual Chinese truck market.
Ice & Sullivan said that China's commercial vehicle market later on will benefit from the Chinese federal government investment in infrastructure building, the size of China's commercial automobile market in 2022 will certainly reach 3630000. They believe that this current China's truck industry downturn is due to China's financial growth slowed down and the development of the truck enterprise is not really strong enough.
Although Tiongkok truck market downturn, however Sullivan & Frost stated China's commercial trade within the growing, e-commerce has been capturing the country, for the post business and the logistics industry added a lot of opportunities. So down the road, the Chinese heavy articulated vehicle market and last kilometer distribution vehicle market is prone to rise again.
At the same time, the particular customer's purchasing power is actually gradually growing, the end consumer, the logistics team and also the rental industry needs from the truck is not only the basis in the truck, they need more higher technology content of the vehicle. Frost & Sullivan feels that today's truck businesses to further expand the market discuss, we must strengthen the support, and enhance the vehicle's specialized content, etc .. China's big rig manufacturers are now rethinking their own product strategy.
Frost & Sullivan also gives a few suggestions to China's automobile companies. They think Chinese articulated vehicle companies should improve their products' added value, the added associated with the product is concentrated in the car service, maintenance, finance, insurance coverage and fleet management technologies, etc .. Although domestic clients are more likely to buy domestically created products, Frost & Sullivan argue that Chinese companies ought to be more combined with foreign superior enterprises, which will help to improve typically the technical level of their vehicles.

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