Transformation and upgrading of tricycle industry

Transformation and upgrading of  tricycle industry

  Under the country's construction of a new development pattern with the domestic cycle as the main body and the domestic and international double cycles promoting each other, China's tricycle industry must give full play to the outstanding advantages of China's internal economy, grasp the initiative in the development of the domestic market, and actively participate in the international cycle to help the development of the domestic market and promote the development of overseas markets.

 

  In a hurry, 2020 has left and 2021 has come.

 

  The past year may be the most special year in the history of China's tricycle industry. The new coronary pneumonia epidemic throughout the year has plunged the world economy into an unprecedented historic recession, while China's economy has been deeply impacted and affected. Under the complex and changeable macro situation, China's tricycle industry is facing many pressures from all sides, and difficulties and challenges follow one after another. But the market still resisted the pressure, bucked the trend and delivered a surprising answer.

Transformation and upgrading of  tricycle industry

  From January to November 2020, the industry completed the production and sales of 2.0152 million and 2.015 million tricycles, up 12.91% and 12.74% year-on-year. Among them, the production and sales of ordinary freight tricycles were 1.7711 million, with a year-on-year increase of 12.68% and 12.61%; the production and sales of ordinary passenger tricycles were 240,500 and 240,400, with a year-on-year increase of 13.86% and 12.89%. The sales volume of ordinary passenger tricycles accounts for 11.93% of the total sales volume of regular tricycles, while that of ordinary freight tricycles accounts for 88.07% of the total sales volume of regular tricycles. In the export market, from January to November 2020, the industry exported 379,000 three-wheeled motorcycles, an increase of 15.59% over the same period in 2019; the export amount was US $0.306 billion, an increase of 14.25% over the same period in 2019.

 

  From the above data, we can see that China's tricycle industry performed better in 2020E, although the outbreak of new coronary pneumonia caused by the macroeconomic downward pressure gradually increased, international protectionism, unilateralism, the prevalence of ideas so that overseas exports face more uncertainty, the side increased the resistance to the development of the industry, to many enterprises to bring a direct impact on the decline in production and sales in the first half of the year, but the industry actively promoted the resumption of production and, in the second half of the year, it rose to catch up, relying on the strong driving of the traditional sales peak season of "Golden Nine Silver Ten", and realized the reversal of the "V-shaped" curve of sales.

Transformation and upgrading of  tricycle industry

  But we must understand that the future development of China's tricycle industry is still facing a complex and volatile situation, the new coronary pneumonia epidemic in the next long period of time or will be normalized, the international trade pattern will also face new challenges. Under the country's construction of a new development pattern with the domestic cycle as the main body and the domestic and international double cycles promoting each other, China's tricycle industry must give full play to the outstanding advantages of China's internal economy, grasp the initiative in the development of the domestic market, and actively participate in the international cycle to help the development of the domestic market and promote the development of overseas markets.

 

  China's tricycle industry should focus on promoting high-quality development, take structural reform from supply side to demand side as the main line, and take innovation as the fundamental driving force to continuously meet the actual needs of consumers. Only in this way can we always occupy a favorable position in the future turbulent situation and grasp the market initiative. Only in this way can we successfully achieve transformation and upgrading and achieve the established development goals. China's tricycle industry, the future can be expected.

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