China Top 10 Tractor Head Performers in September

October 22,2021

Sales of tractor heads dropped 66 percent to 25,300 units in September, according to CAAM’s data, while first three quarter’s sales volume was down by 5 percent at 611,300 units. September was the sixth consecutive month of decline for the tractor head market. The decline from last month’s 67 percent YOY decline slows by only 1 percent.
China Top 10 Tractor Head Performers in September

Looking at the chart below we can see that China’s tractor sales totaled 25,300 units in September, fell by almost two thirds (at 61 percent) compared last year, namely, 50000 units fewer than the same period Top ten tractor head makers all reported a double-digit decline in sales in September, with eight recording over 50% decline, and JAC recording the highest decline of 82 percent.

China Top 10 Tractor Head Performers in September

The top ten players still dominate the market with an impressive 99.06% share of the tractor head market leaving the rest brands to compete for the remaining 0.04% of the market. None of them reported sales that exceeded 10,000 units in September and only one reported more than 5000 units in sales. Top five players captured 83.90% share in September with each of them in excess of 10 percent.

China Top 10 Tractor Head Performers in September

Sinotruk once again ranked as number one with sales of 6189 units and top market share of 24.44%. With sales of 4738 units and 18.71% market share,SHACMAN came to the second place. Third place went to FAW Jiefang, with about 16.13% percent of market share, followed in fourth and fifth place by Dongfeng and Foton with 13.61% and 10.83% market share respectively.

China Top 10 Tractor Head Performers in September

With regard to cumulative sales, it recorded a year-to date decline of 5% year on year to 611,300 units. Sinotruk, Dongfeng, Beiben and Foton are the only four brands to achieve a positive growth, with Beiben reaching the highest 30% year-on-year jump.

In the first nine months period, the top ten players still dominate the market with an impressive 99% share of the tractor head market. FAW Jiefang became the only one to capture over one-third of the tractor head market share. SINOTRUK and SHACMAN followed with 17.05% and 15.42% cumulative market share, then followed by Dongfeng, with a share about 14.95%.

Source : www.chinatrucks.com

Editor : Daisy

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