China is the biggest Commercial Vehicle market. Local players are dominating the market. Chinese products improved their quality to compete with European products and change the perception of the brand. ACG noticed such quality improvements in Africa markets also. Chinese OEMs successfully changed the customer perception about Made in China vehicles. It has been not able to develop its own competitive Commercial Vehicle industry, with foreign brands — mostly produced in China by joint ventures.
Its market size of heavy duty bus would touch around 125 thousand and transit bus would reach to 60 thousand units by 2023.
Climate change (CO2 reduction), Urban population, the Incredible growth of Electric vehicle are few major drivers.
ACG released Brand and Model level production data of Bus segment from 2000 to 2023. Along with data, we also map this data with key technical specification and its sales distribution, Type of Engine and Application wise vehicle data.
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