China’s tractor truck market continued its strong recovery in November 2025, with terminal sales reaching 47,000 units, up 58% year on year, according to insurance registration data excluding exports and military vehicles. The increase marked the eighth consecutive month of year-on-year growth for the segment.

Cumulative tractor sales from January to November reached 407,100 units, up 42% from the same period last year, representing net growth of more than 120,000 units.

Sales in November rose 10% from October, although the year-on-year growth rate moderated from 80% in the previous month. Even so, tractors continued to outperform the broader heavy-duty truck market, where total sales rose 34% year on year. Tractor trucks exceeded the overall heavy truck growth rate by 24 percentage points, extending their outperformance to a fourth consecutive month.

In November, tractors accounted for 61.31% of China’s total heavy truck terminal sales, up slightly from 60.87% in October and 8.21 percentage points higher than the full-year average in 2024. The volume also marked the highest November sales level for tractors in the past five years. Between 2021 and 2024, average November sales stood at just 25,200 units.

Regionally, traditional heavy truck strongholds remained the core tractor markets. From January to November, Shandong and Guangdong each accounted for 9.33% of national tractor sales, with volumes close to 38,000 units. Hebei followed with 36,900 units, representing 9.07% of the market. Shanghai recorded 34,100 units, with new energy tractors accounting for nearly 80% of the city’s total. Shanxi, Henan and Sichuan each posted sales of more than 20,000 units.

At the manufacturer level, FAW Jiefang led the market in November with sales of 10,800 units, followed by Sinotruk with 8,165 units. Foton, Shaanxi Auto and Dongfeng ranked third to fifth, each selling between 5,200 and 5,700 units. Together, the top five brands accounted for 75.70% of total tractor sales during the month.

Several manufacturers reported triple-digit year-on-year growth in November. XCMG, SANY, Farizon and United Heavy Truck recorded increases of 225%, 117%, 229% and 343%, respectively, significantly outperforming the market average. Sinotruk and Shaanxi Auto also exceeded overall growth, while FAW Jiefang, Foton and Dongfeng posted double-digit increases.

Market concentration remained high. The top 10 tractor brands accounted for 95.16% of total sales in November, with FAW Jiefang holding a 23.03% share. Sinotruk followed with 17.36%, while Foton, Shaanxi Auto and Dongfeng each maintained shares above 11%. Farizon moved up to eighth place during the month, while Shandong Leichi entered the top 10 for the first time.

From January to November, all top 10 manufacturers recorded cumulative growth. XCMG and SANY led with increases of 201% and 165%, respectively, while Foton, Shaanxi Auto, Farizon, BAIC Heavy Truck and JAC all outperformed the market average. FAW Jiefang, Sinotruk and Dongfeng also posted growth, though at a slower pace than the overall market.

Fuel structure continued to shift rapidly toward electrification. Compared with the same period in 2024, the share of gas-powered tractors fell by more than 13 percentage points, while diesel tractors declined by 5.66 percentage points. In contrast, battery-electric tractors increased their market share by around 20 percentage points.

From January to November, new energy tractor sales surged 221% year on year. Battery-electric models rose 242%, hybrid tractors increased 169%, while fuel cell tractors declined 41%. Over the same period, diesel tractor sales grew 12%, gas-powered tractors rose 10%, and methanol tractors fell sharply.

New energy tractors accounted for 34.83% of total tractor sales in the first 11 months of 2025, up from 17.43% in 2024, and reached 47.26% in November alone. The penetration rate was significantly higher than that of new energy heavy trucks overall, which stood at 25.95%.

All of the top 12 tractor manufacturers sold new energy models during the period. Among them, FAW Jiefang, Sinotruk, Foton and Shaanxi Auto each recorded new energy shares above 20%, while XCMG, SANY, Farizon and JAC relied heavily on electrified models, with new energy accounting for more than 85% of their tractor sales.

With one month remaining in 2025, industry observers expect China’s tractor truck market to remain closely tied to developments in new energy and gas-powered vehicles, as electrification continues to reshape the competitive landscape.

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