BEIJING, June 17 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, analyzes China's special purpose motor vehicle market.
As China's industrialization and urbanization accelerate, the special auto market remains in high demand.
By 2020, investment in large scale, long chain, and intermediate goods will increase due to uneven resources and high output of raw coal in central China. Transport intensity will be high, causing special circumstances for the special purpose motor vehicle industry.
In 2020, China's commercial vehicle market will maintain an annual growth rate of about 9%, thus providing a good development for professional vehicles.
Special purpose vehicles will continue to be in high demand for a certain period of time. Huge infrastructure projects dedicated to automotive engineering will bring great opportunities and market demand. Highway construction will continue to increase. Special purpose vehicles will be engaged to maintain roads and the rapid development of highway operations of vehicles. Meanwhile, China's energy consumption will continue to grow; with energy goods transport expanding the overall demand for special purpose vehicles.
As urbanization increases, the demand for special purpose vehicles in fields such as construction, sanitation, gardening, electricity, communications, public security, judicial, airports, transportation, finance and others will become greater. The logistics industry will see rapid development, which will also greatly promote railroad cars, cold cars, vans and auto trailers.
With economic development and logistics efficiency improved, car usage will grow steadily. Special purpose vehicles engaged in road logistics will also see broad market development.
Currently, China's special purpose vehicle market is undergoing a stage of improvement. The product demand is mainly mid-market. With the rapid economic development in cities, the market for high performance, high-quality, and high-end products will continue to expand. While in China's new rural urbanization, cheap low-end product demand will also see expansion.
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