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China Automotive Industry Report: Statistics, Share, Trends, Growth Drivers, Key players, Opportunity Assessment & Demand Analysis with Regional Outlook for Forecast Period 2017-2025
China Automotive Industry
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 Research analyst forecast the Automobile Industry in China is likely to grow at a CAGR of +5% during the forecast period 2017-2025. 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 2017-2025 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.
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., BMW, Audi, Daimler AG, Wanxiang Group Corporation, Fawer Automotive Parts Co., Ltd., Guilin Fuda Co., Ltd., Hangzhou Zhongce Rubber Company, Goodyear, Bridgestone, Continental A.G., Pirelli & C. S.p.A., Sumitomo Rubber and 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.