• time;2025-01-16 11:24:48

In December 2024, the overall sales volume of the internal combustion engine industry increased month on month and year-on-year; The annual sales volume increased year-on-year, slightly expanding compared to the growth rate from January to November. In 2024, the overall sales of internal combustion engines showed a recovery growth, with sales at a moderate level in recent years.

Overall, as the cumulative effects of policies continue to emerge, various regions and enterprises continue to make efforts in promotional activities, driven by the end market, and combined with the year-end sprint of enterprises, driving sales to continue to rebound and improve; On the other hand, due to the deepening adverse effects of energy structure transformation and intensified industry competition, the traditional energy market space is being squeezed. The overall performance of the internal combustion engine market in December was relatively stable, with sales increasing month on month, year-on-year, and cumulative year-on-year growth compared to the previous month. Specifically, the sales volume of internal combustion engines in December was 4.6994 million units, a month on month increase of 1.50% and a year-on-year increase of 18.73%; In 2024, the total sales of complete machines reached 47.7216 million units, a year-on-year increase of 6.67%. (Increased by 1.17 percentage points compared to the increase from January to November).

In terms of terminals, the passenger car market continues to strengthen, while the commercial vehicle market is relatively weak. The sales situation in agricultural machinery, engineering and other markets remains severe.

Overall Sales Overview

In December, sales of internal combustion engines reached 4.6994 million units, an increase of 1.50% month on month and 18.73% year-on-year; The power output reached 294.6606 million kilowatts, a month on month increase of 1.20% and a year-on-year increase of 10.33%.

In 2024, the annual sales volume was 47.7216 million units, a year-on-year increase of 6.67%; The annual power output reached 292014.69 million kilowatts, a year-on-year increase of -1.41%.

Classification of fuel types

In December, within the fuel category, diesel engine sales increased month on month, decreased year-on-year, and accumulated year-on-year decline; The sales of gasoline engines have increased month on month, year-on-year, and cumulative year-on-year. Specifically, compared to last month, diesel engines increased by 1. 81%, gasoline engine growth of 1.44%; Compared with the same period last year, diesel engines increased by -0.02% year-on-year, and gasoline engines increased by 20.98% year-on-year; Compared with the same period last year, diesel engines increased by -3.62% year-on-year, and gasoline engines increased by 8.00% year-on-year.

In December, diesel internal combustion engines sold 422400 units (including 16500 units for passenger cars, 164200 units for commercial vehicles, 69100 units for construction machinery, 127600 units for agricultural machinery, 5300 units for ships, 38200 units for power generation, 1000 units for landscaping, and 600 units for general use), and gasoline engines sold 4.274 million units. In 2024, the annual sales of diesel engines were 4.9314 million units (including 163500 units for passenger cars, 1.951 million units for commercial vehicles, 843900 units for construction machinery, 1.4884 million units for agricultural machinery, 57200 units for ships, 408600 units for power generation, 8800 units for landscaping, and 9900 units for general use), and the sales of gasoline engines were 42.7519 million units.

Market usage by market

In December, in the comparable caliber of the segmented market, except for the decline in commercial vehicles, construction machinery, and garden machinery, the other segmented uses increased month on month. Specifically, passenger car usage increased by 2.96%, commercial vehicle usage increased by -0.64%, construction machinery usage increased by -4.52%, agricultural machinery usage increased by 1.02%, marine usage increased by 12.78%, generator usage increased by 1.86%, garden machinery usage increased by -2.58%, motorcycle usage increased by 0.36%, and general machinery usage increased by 15.65%.

Compared with the same period last year, the use of commercial vehicles and construction machinery decreased year-on-year, while the use of other classified purposes increased year-on-year. Specifically, passenger car usage increased by 15.12%, commercial vehicle usage increased by -11.67%, construction machinery usage increased by -2.76%, agricultural machinery usage increased by 44.67%, marine usage increased by 21.40%, generator usage increased by 60.11%, garden machinery usage increased by 38.26%, motorcycle usage increased by 17.05%, and general machinery usage increased by -133.42%.

Compared with the previous year, all other classified uses except for commercial vehicles and construction machinery have shown positive growth. Specifically, passenger car usage increased by 1.25%, commercial vehicle usage increased by -11.08%, construction machinery usage increased by -4.97%, agricultural machinery usage increased by 31.57%, marine usage increased by 1.34%, generator set usage increased by 15.46%, garden machinery usage increased by 2.85%, motorcycle usage increased by 10.63%, and general machinery usage increased by 16.09%.

In December, sales of 2.1285 million passenger cars, 207400 commercial vehicles, 73600 construction machinery, 551000 agricultural machinery, 5300 ships, 169800 generator sets, 151500 garden machinery, 1.3915 million motorcycles, and 20700 commercial vehicles were used.

In 2024, the annual sales of passenger cars were 19.7684 million units, commercial vehicles were 2.3725 million units, construction machinery was 906600 units, agricultural machinery was 5.2178 million units, ships were 57200 units, generator sets were 1.6197 million units, garden machinery was 1.5104 million units, motorcycles were 16.0806 million units, and general machinery was 188400 units.

Main varieties classified by single and multi cylinder usage

Single cylinder diesel engine

The sales volume of single cylinder diesel engines in the December market increased month on month and year-on-year, with a cumulative year-on-year decline. In December, sales of single cylinder diesel engines reached 87400 units, a month on month increase of 2.43% and a year-on-year increase of 6.85%; In 2024, the annual sales volume was 950900 units, a year-on-year increase of 3.23%. The top five companies in the ranking are: Changchai, Changfa, Kemir, Sifang, and Sanhuan.

Among them, the sales volume of single cylinder diesel engines mainly used in the field of agricultural machinery in December was 75400 units, with a month on month increase of -2.42% and a year-on-year increase of 5.13%; In 2024, the annual sales volume was 848800 units, a year-on-year increase of -3.15%.

multi-cylinder diesel engine

The sales volume of the commercial vehicle market increased month on month in December, with a year-on-year growth and a cumulative year-on-year decline, resulting in a convergence and fluctuation of sales volume in the multi cylinder diesel engine market, where commercial vehicles account for a large proportion.

In December, multi cylinder diesel engine companies sold a total of 335000 units, a month on month increase of 1.64% and a year-on-year increase of -1.67%; In 2024, the annual sales volume was 3.9805 million units, a year-on-year increase of 3.71%. Weichai, Yuchai, Yunnei, Jiangling, Quanchai, Xinchai, Dongkang, Jiefang Power, Fukang, and Shanghai New Power ranked among the top ten in sales, accounting for 77.23% of the total sales of multi cylinder diesel engines; Market share: Weichai 18.68%, Yuchai 11.20%, Yunnei 8.49%, Jiangling 8.22%, Quanchai 7.55%, Xinchai 6.13%, Dongkang 4.91%, Jiefang Power 4.49%, Fukang 3.97%, Shanghai New Power 3.58%.

In December, the sales volume of multi cylinder diesel engines for commercial vehicles was 164200 units, a month on month increase of -5.64% and a year-on-year increase of -9.22%. The annual sales volume for 2024 was 1.951 million units, a year-on-year increase of -4.76%. The top ten sellers are Weichai, Jiangling, Yunnei, Yuchai, Fukang, Jiefang Power, Oukang Power, Jianghuai, Dongkang, and Quanchai, accounting for 89.60% of the total sales; Weichai holds a leading market share of 21.15% in the multi cylinder diesel engine market for commercial vehicles, followed by Jiangling Motors at 16.77% and Yunnei at 9% 12%, Yuchai 8.60%, Fukang 8.10%, Jiefang Power 6.06%, Oukang 5.25%, Jianghuai 5.09%, Dongkang 4.90%, and Quanchai 4.57%.

In December, the sales volume of multi cylinder diesel engines for construction machinery was 67500 units, a month on month increase of -5.57% and a year-on-year increase of -1.99%; In 2024, the annual sales volume was 831000 units, a year-on-year increase of -4.12%. The top ten sellers are New Diesel, Quanchai, Yunnei, Weichai, Yuchai, Caterpillar, Dongkang, Guangkang, Jiefang Power, and Shanghai New Power, accounting for 96.66% of their total sales.

Multi cylinder gasoline engine

The production and sales of passenger cars in December increased month on month, year-on-year, and cumulative year-on-year, and the sales of multi cylinder gasoline engines in the main supporting passenger car market also showed a similar trend.

In December, the sales of multi cylinder gasoline engines reached 2.1557 million units, a month on month increase of 3.20% and a year-on-year increase of 14.17%; In 2024, the annual sales volume was 20017700 units, a year-on-year increase of 0.30%. Among 45 multi cylinder gasoline engine companies, BYD, Chery, Geely, FAW Volkswagen, Changan Automobile, Honeycomb Power, Guangfeng Engine, Xiaokang Power, Beijing Benz, and Dongfeng Motor Co., Ltd. rank among the top in sales, accounting for 64.33% of the total sales. Among the companies with high sales volume, BYD, Chery, Geely Power, and Xiaokang Power have shown outstanding cumulative sales growth.

The proportion of passenger cars used in multi cylinder gasoline engines was 97.94%, with sales of 2.112 million units in December, a month on month increase of 2.88% and a year-on-year increase of 15.12%; In 2024, the annual sales volume was 19.6049 million units, a year-on-year increase of 1.34%. BYD, Chery, Geely, FAW Volkswagen, Changan Automobile, Honeycomb Power, Guangfeng Engine, Xiaokang Power, Beijing Benz, and Dongfeng Motor Co., Ltd. are among the top sellers.

Small gasoline engine

The industry mainly engages in import and export trade, which is significantly affected by internal and external environmental factors. In comparable caliber, sales of small gasoline engines increased month on month, year-on-year, and cumulative year-on-year in December. In December, the sales of small gasoline engines reached 977000 units, a month on month increase of 4.91% and a year-on-year increase of 52.85%; In 2024, the annual sales volume was 8.965 million units, a year-on-year increase of 35.47%. The top five companies in terms of sales are Runtong, Longxin, Huasheng, Lifan Internal Combustion Engine, and Suzhou Shuangma.

In the supporting agricultural machinery, the sales volume in December was 423400 units, a month on month increase of -2.62% and a year-on-year increase of 63.28%. In 2024, the annual sales volume was 3.7294 million units, a year-on-year increase of 54.78%

In the field of supporting garden machinery, the sales volume in December was 150600 units, a month on month increase of -2.73% and a year-on-year increase of 38.49%; In 2024, the annual sales volume was 1.5016 million units, a year-on-year increase of 2.86%.