Development Prospects Of Special Trucks

The development prospects of special trucks are generally positive, especially in the special transportation industry, where the demand for special trucks is increasing. With the continuous adjustment of globalization and industrial structure, the market demand for special transportation industry is expanding, especially in China, where the special transportation industry has ushered in unprecedented development space with the continuous economic growth and industrial upgrading.

Market demand growth
Special transportation refers to a special mode of transportation for unconventional items using special vehicles. It involves a wide range of goods, including dangerous goods, three oversized items (over-high, over-wide, over-long or over-heavy items), refrigerated goods, special confidential items, and special cabinets. The transportation demand for these special goods has promoted the development of special trucks. For example, the market size of dangerous goods transportation has increased from 1.02 trillion yuan in 2013 to 2.38 trillion yuan in 2023, and is expected to reach 2.85 trillion yuan by 2025. In addition, the large-scale transportation market is also growing. In 2022, the market size of China's large-scale transportation market reached 1.2 trillion yuan, an increase of 8.6% year-on-year.

Technological innovation and market competition
In terms of technological innovation, domestic heavy-duty special vehicle technology has been continuously upgraded, and mainstream heavy-duty truck companies such as FAW, Dongfeng, Sinotruk, and Shaanxi Automobile have increased their research on heavy-duty vehicle technology and developed rapidly. However, in terms of ultra-heavy special vehicles, there is still a large gap between China and foreign countries, especially in the operation and transportation of large equipment such as oil fields, petrochemicals, and wind power, which rely more on imported models. Despite this, domestic companies such as XCMG, Zoomlion, and Sany have increased their research and development efforts in chassis and complete vehicles in the field of special vehicles, filling the domestic gap.

Policy support and future trends
Policy support is also an important driving force for the development of special trucks. The government's support policies for the special transportation industry have promoted the development of the industry.