China Automotive Industry Report: Statistics, Share, Trends, Growth Drivers, Key players, Opportunity Assessment & Demand Analysis with COVID-19 impact | Forecast Period 2017-2030

China Automotive Industry

Market Overview

China became the global leader of automotive industries across the globe in 2009. China automotive industries grown at an exceptional compound annual growth rate (CAGR) of 25% from 2001 to 2010, with more than 18 million automobile units were sold. By 2020, the automobile sales are set to reach 40 million units. Further, the fast-growing automobile population offers a huge original equipment manufacturer (OEM) and replacement market for auto parts with opportunities present for European SMEs with specialized equipment and components to supply to the leading premium automobile manufacturers. Though production and same have grown progressively, the impulsiveness of China’s emerging automotive market makes it challenging to forecast future sales and production trends based on recent historical data.

Overall automobile industry currently is steadily growing; however, the market for electric vehicles or new energy vehicles in China is picking up momentum increasingly. Driven by the government stringent vehicular norms and electric vehicle incentives, the sales volume for new energy vehicles (NEV) has exploded. The sales of electric and other new energy vehicles have increased by 180% to reach 330,000 units and the figures are likely to skyrocket in coming years. Further, the emergence of new technologies such as automotive telematics, connected cars, and autonomous vehicles will further provide the Chinese automotive industry new opportunities to expand their business in new areas. 

China Automotive Industry Statistics & Forecast

Goldstein Market Intelligence analyst forecast the Automobile Industry in China is likely to grow at a CAGR of +5% during the forecast period 2017-2030. Further, China’s manufacturing of NEVs expanded from about 17,500 units in 2013 to 517,000 units in 2016. The growth and prominence on NEVs in China is not only a step to moderate urban air pollution, but it is also a huge and strategic step by Chinese automobile manufacturers to become worldwide competitive against conventional automobile manufacturers which specialize in internal combustion engines.

Covered in This China Automotive Industry Report

The report covers the present ground scenario and the future growth prospects of the China automotive industry for 2017-2030 along with the total sales of automobiles in the country and international markets, and the total revenue from aftermarkets, service providers, and automotive components industry. We calculated the market size and revenue share on the basis of revenue generated from the sales of automobile and component manufacturers across China. The China automobile industry is also compared with its peer countries in the region for an enhanced understanding of the present position of the industry. Further, regional and global trends in the automotive industry are also comprised in the research publication.

Key Issues Addressed

• The role of economic and business environment on automotive market sales?
• What are growing technology and business trends?
• What is the growth potential of China passenger cars and commercial vehicles?
• How are consumer preferences changing in the country?
• How is the China automobile industry structured?
• Who are key market leaders and what is their market share?

China Automotive Industry report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the China automotive industry market. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. China automotive industry report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

COVID-19 impact on "China Automotive Industry"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "China Automotive Industry" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

Our China Automotive Industry report comprises of the following companies as the key players in the China automotive industry:

• Shanghai General Motors
• Dongfeng
• FAW
• Beijing Automobile Works Co.Ltd
• JAC Motors
• Great Wall Motors Company Limited
• Chery Automobile Co., Ltd.
• BYD Auto
• Geely
• Chang’an
• Volkswagen Group China
• GAC Toyota Motor Co.
• BM
• Audi
• Daimler AG
• Wanxiang Group Corporation
• Fawer Automotive Parts Co., Ltd.
• Guilin Fuda Co., Ltd.
• Hangzhou Zhongce Rubber Company
• Goodyear
• Bridgeston
• Continental A.G.
• Pirelli & C. S.p.A.
• Sumitomo Rubber
• Hankook Tire.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

For a full detailed overview, send us request for industry report sample.

Key questions answered in this China Automotive Industry report

• What is the total market size by 2030 and what would be the expected growth rate of sales?
• What are the total sales in 2015-16 (Units) and what would be the expected demand over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for China automotive industry
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the China automotive industry growth potential
• Identify key partners and business development avenues across the country
• Respond to your competitors’ business structure, strategy and prospects