Industry Analysis & Industry Trends
The Passenger Car Manufacturing industry in China has been experiencing rapid growth in recent years, driven by increasing demand for passenger cars in both domestic and foreign markets. Revenue for the industry was expected to reach $454.6 billion in 2013, up 15.2% from 2012, and growing at an annualized rate of 23.8% over the past five years.
With rising income levels in China, improving road conditions, and competitive prices, passenger cars are becoming more affordable for Chinese residents. A series of favorable government policies have also stimulated passenger vehicle purchases in rural and urban China. Lastly, increasing numbers of domestic passenger car manufacturers have been expanding into foreign markets, driving export demand.... purchase to read more
Industry Report - Starting a New Business Chapter
The Passenger Car Manufacturing industry in China requires a high level of initial investment to build large-scale manufacturing plants with advanced equipment. To obtain economies of scale, it is necessary for companies to have large amounts of fixed assets. This creates barriers for new entrants to the industry.
Technological innovations play a key role in passenger car manufacturing. Given that leading global automobile manufacturers possess intellectual property rights for new and existing technology, newcomers have difficulties in acquiring core technologies.
As increasing attention is paid to car models and performance, passenger car manufacturers have incentives to develop new car models... purchase to read more