In recent years, the ownership of tricycle market has entered a relatively saturated state, which has reduced the demand for tricycle products. At present, it has entered the "cold winter" of the industry. Coupled with the decline in export growth, dealers and agents had sufficient stock before the year, inventory has not been fully digested, capital is tight, and procurement is reduced. Therefore, in order to reduce operating costs and unnecessary inventory backlog, many tricycle enterprises basically did not fully open the production flow line at the beginning of the year, and the idle production capacity is about 20% to 50%, which may even reach a higher level, A large number of enterprises choose to wait until March before gradually starting construction.

  According to the analysis of professionals in the industry, even after March, with the gradual recovery of tricycle market demand, the purchase of complete vehicle products will increase, and the price will rise gently. However, the oversupply pattern is difficult to change, the space for price rise is limited, the fundamentals are not good, and the recovery of the terminal market is slow. Coupled with the high manufacturing costs, heavy suppression of environmental protection, right of way disputes and other adverse factors, it is a strong pressure level for the whole industry, and the market lacks the opportunity to rebound.

  The demand for socio-economic and technological development drives the tricycle market to a higher stage. The extensive development mode, rough process level and low-end products in the past are no longer suitable for modern industrial development. Upgrading and transformation to seize development opportunities has become an important means for enterprises to seek new growth opportunities.

  For almost all enterprises, the transformation is very painful, but this is "thinking of danger in times of peace" and also the turning point of the market, forcing enterprises to upgrade. In 2018, many enterprises made relevant business adjustments in terms of staffing, technology upgrading and strategic focus in combination with the macro environment, industry regulation and the company's situation, so as to achieve steady and high-quality development.