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Commercial Vehicle Manufacturing in China Industry Data and Analysis
The Commercial Vehicle Manufacturing industry in China has recorded fluctuating revenue over the past five years Industry revenue is expected to decrease at an annualized 5.1% over the five years through 2023, to total $74.9 billion. This includes an expected revenue increase of 14.2% in the current year. The industry profitability will be 4.9% in 2023.
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What's included in this industry analysis
IBISWorld's research coverage on the Commercial Vehicle Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released April 2025.
About this industry
What's this industry report about?
The Commercial Vehicle Manufacturing industry in China operates under the industry code 3721c. The Commercial Vehicle Manufacturing industry in China manufactures automobiles for transporting goods and passengers. The major products manufactured in this industry are commercial passenger vehicles, trucks (including special operating vehicles and semi-trailer towing vehicles), non-complete commercial passenger vehicles and non-complete trucks. Related terms covered in the Commercial Vehicle Manufacturing industry in China include semi-trailer towing vehicle, pipeline fuel truck and concrete pump truck.
What's included in this industry?
Products and services covered in Commercial Vehicle Manufacturing industry in China include Mini trucks and light trucks, Medium trucks and Heavy trucks.
What companies are included in this industry?
Companies covered in the Commercial Vehicle Manufacturing industry in China include SAIC Motor Corporation Limited, China National Heavy Duty Truck Group Co., Ltd. and FAW Jiefang Group Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Commercial Vehicle Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Commercial Vehicle Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Commercial Vehicle Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Commercial Vehicle Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Commercial Vehicle Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Commercial Vehicle Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Commercial Vehicle Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Commercial Vehicle Manufacturing industry in China.
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Frequently Asked Questions
What is the market size of the Commercial Vehicle Manufacturing industry in China in 2026?
The market size of the Commercial Vehicle Manufacturing industry in China is $74.9bn in 2026.
How many businesses are there in the Commercial Vehicle Manufacturing industry in China in 2025?
There are 44 businesses in the Commercial Vehicle Manufacturing industry in China, which has declined at a CAGR of 0.4 % between 2020 and 2025.
How may import tariffs affect the Commercial Vehicle Manufacturing industry in China?
The Commercial Vehicle Manufacturing industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Commercial Vehicle Manufacturing industry in China?
The Commercial Vehicle Manufacturing industry in China is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Commercial Vehicle Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Commercial Vehicle Manufacturing industry in China has been declining at a CAGR of 5.1 % between 2020 and 2025.
What is the forecast growth of the Commercial Vehicle Manufacturing industry in China over the next 5 years?
Over the next five years, the Commercial Vehicle Manufacturing industry in China is expected to grow.
What are the biggest companies in the Commercial Vehicle Manufacturing industry in China?
The biggest companies operating in the Commercial Vehicle Manufacturing industry in China are SAIC Motor Corporation Limited, China National Heavy Duty Truck Group Co., Ltd. and FAW Jiefang Group Co., Ltd.
What does the Commercial Vehicle Manufacturing industry in China include?
Mini trucks and light trucks and Medium trucks are part of the Commercial Vehicle Manufacturing industry in China.
Which companies have the highest market share in the Commercial Vehicle Manufacturing industry in China?
The company holding the most market share in the Commercial Vehicle Manufacturing industry in China is SAIC Motor Corporation Limited.
How competitive is the Commercial Vehicle Manufacturing industry in China?
The level of competition is high and increasing in the Commercial Vehicle Manufacturing industry in China.
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