Welcome to www.chinatrucks.com

中国卡车

Top Ten Tractor Manufacturing Companies in China in July

Date:2021-08-23 Author:Daisy Source:www.chinatrucks.com

BEIJING, August 23 –China’s domestic tractor market saw its sales drop 48% from the same month a year earlier to 35,500 units, which is 32,600 units less than that of last year. For the first seven months of the year, China's tractor sales have jumped 13% to 504,600 units. The increase was slower than the 24-percent increase posted for the first half of 2021. 

                 Top Ten Tractor Makers in China in July
Top Ten Tractor Manufacturing Companies in China in July

China’s Tractor head sales fell in July, with mostly seeing a double-digit decline in its home market of China. Five truck makers, namely SINOTRUK, SANY, CAMC, Dayun, JAC experienced a greater than industry average drop (-48%) in sales. However, XCMG had the largest increase of 20% with a sales volume of 556 units. As it presented, there is no player in the top ten recording a July sales of more than 10,000 units.

Top Ten Tractor Manufacturing Companies in China in July

The combined sales volume of the top ten players accounted for 97.21% of the market while that of the top five players dominate 88.76% of the market. FAW Jiefang and SHACMAN are the truck makers in the top two, with a market share of up to 26.65%, and 19.87% respectively.

For the first seven months of the year, China's tractor sales have jumped 13% to 504,600 units. The increase rate was slower than the 24-percent increase posted for the first half of 2021.

Top ten players account for 97.65% of the total market. For the first seven months, FAW Jiefang is absolutely the largest player holding 28.03% of market and a sales volume of 141,500 units. SINOTRUK, ranking the second place in the market, saw a sales of 102,300 units with 55% year-on-year growth. Dongfeng and SHACMAN, ranking the thrid and fourth place in the market, had a market share of 14.99% and 14.26%, registered a growth rate of 16% and 7% respectively to 75600 units and 72,000 units. The fifth place goes to Foton Motor, with a market share of 11.72% and sales of 59,200 units.

Hot News
Recommended Brands[more]
Recommended Trucks[more]
China Truck Statistics
京ICP备09021066号-10Public security record numberPublic security record number:11010502036076