The data shows that during the “Eleventh Five-Year Plan†period, China’s special-purpose vehicle industry has developed rapidly, far exceeding the overall automobile market growth rate during the same period (the overall automobile market has grown at an average annual rate of 24%, of which passenger vehicles account for 27%), and six types of special vehicles (except The average annual growth rate of ordinary dump trucks and trailers is as high as 79.2%.
There are two main reasons for the rapid development of the special-purpose vehicle industry in China.
The first is due to the rapid development of China's economy. Since the reform and opening up, China’s economy has grown at an average annual rate of 9.9%, and the total economy has also rapidly increased, especially since the past decade. The Chinese economy has also achieved a historic breakthrough in its global position. Last year, China’s total economic output ranked second in the world.
The second is the extensive development mode of China's economy. Unlike the United States, China’s economic development mode has only 200,000 units of heavy trucks sold during the peak period of economic development in the United States. It sold about 100,000 vehicles last year, while China’s heavy truck sales exceeded one million vehicles last year, which is equivalent to five times that of the United States. Many, but the United States’ total GDP is 2.5 times that of China. Compared with the economic growth model of the two countries, China’s GDP has grown at an average annual rate of 10.5% over the past decade. In the same period, China’s coal mining volume has grown at an average annual rate of 8.2%, power generation has grown at an average annual rate of 11.8%, and steel production has grown at an average annual rate of 15.9%. The latter two figures are even faster than the GDP growth. The increase in physical quantity directly drives the growth in the demand for special vehicles for transport. In 2009, China’s cement production exceeded 160,000 tons, a year-on-year increase of 16.4%, resulting in a rapid increase in the sales of concrete mixer trucks. China's coal consumption accounts for 42.6% of the world's total consumption. Under the condition that the total GDP is almost the same, Japan's coal consumption accounts for only 3.9%, which determines China's large demand for transport trucks and special vehicles.
The characteristics of the current stage of economic and social development in our country and the future trend, the prospect of China's special vehicles in the next decade is still vast.
First of all, in the next 10 years, China's economy will continue to maintain rapid growth, and the total economic output will continue to expand, which will directly boost the demand for the special-purpose vehicle market. The National Information Center predicts that in the next 10 years, China's economic development rate may reach 9%. By 2020, China's total economic output may reach 14 trillion US dollars, which is close to the current GDP of the United States. This growth rate mainly comes from two aspects. The first is industrialization. Its characteristics are large investment scale, long industrial chain, high degree of processing, many intermediate products, and long duration of growth. In the past 10 years, China’s expressways, high-speed railways, airports, ports, passenger and freight stations, and urban infrastructure have entered a period of rapid construction.
Outside of industrialization, urbanization is also one of the factors driving economic development and will drive the development of special vehicles. In 2010, the urbanization rate in China reached 48%, and it is expected that it will increase to 60% by 2020. The rapid increase of cities with a population of over one million has led to a corresponding increase in demand for city-specific vehicles.
For example, according to the construction standards of the emergency center, urban ambulances are allocated to 50,000 people and one vehicle. According to the construction standards of urban fire stations, there must be ordinary fire stations for every 7 square kilometers. The process of urbanization is accelerating and the administrative division area of ​​the city is expanding. The demand for specialized transportation vehicles such as refrigerated trucks and armored cars will greatly increase.
Second, the degree of specialization in economic development continues to increase, driving the growth of demand for special vehicles. The path of economic development of any country must be scaled up first and then carefully divided. China is currently in the stage of development from the coarse to the fine division of specialization. According to the latest economic classification of the National Bureau of Statistics, China's economic industry has reached 20 large-scale categories, nearly 100 major categories, and more than 1,000 sub-categories.
With the increase of residents’ purchasing power, the average annual GDP growth per capita in China will be around 9% in the next 10 years. According to this rate, by 2020, China’s per capita GDP will reach US$10,000. At the same time, the rapid growth of fiscal revenue provides strong support for the demand for special vehicles and can increase the purchasing power of local government procurement of municipal special vehicles. The increase in labor costs will also accelerate the substitution of special vehicles for manual labor. With the dramatic increase in labor costs in recent years, an important feature that will accompany the rapid economic development in China will be the shortage of cheap labor and rising wages, which provides ample space for the demand for special vehicles.
As China's economy continues to grow at a high speed and extensive development model, it has promoted the rapid expansion of the special-purpose vehicle industry. In the next 10 years, under the backdrop of industrialization and urbanization, China's special-purpose vehicle industry will continue to maintain rapid growth under the increasingly specialized degree of economic development subdivision, and there will be more and more special vehicles. Enterprises to achieve large-scale production, special car products will be branded, centralized development trends.
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