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Passenger Car Manufacturing in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Passenger Car Manufacturing Market Research Report | Feb 2016

IBISWorld’s Passenger Car Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$612bn
Annual Growth 11-16
10.6%
Annual Growth 16-21
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Profit
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Employment ('000)
1,080
Businesses
49
Industry Analysis & Industry Trends

The Passenger Car Manufacturing industry in China has been experiencing rapid growth in recent years, mainly driven by increasing demand for passenger cars in the domestic market. Revenue for the industry is expected to increase to $612.0 billion in 2016, up 5.6% from 2015, and growing at an annualized rate of 10.6% 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 new energy 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 - Industry Analysis Chapter

Revenue for the Passenger Car Manufacturing industry in China has been rising in the five years through 2016, at an annualized rate of 10.6%. Industry drivers include increasing disposable incomes, improved road infrastructure, urbanization, and a favorable policy environment on new energy passenger cars.

Income levels have improved with urban per capita disposable income growing at the annualized rate of 15.5%. Higher income levels have enabled more Chinese households to purchase passenger cars. Moreover, in 2014, the population in urban areas accounted for 54.8% of the total population in China. More people living in urban areas leads to increasing demand for transportation by automobile vehicles, especially passenger vehicles... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Passenger Car Manufacturing Industry?

The Passenger Car Manufacturing industry in China is mainly engaged in manufacturing complete automobiles for use in transporting passengers. The major products manufactured in this industry include basic passenger cars, multipurpose vehicles (MPVs), sport utility vehicles (SUVs), and mini buses.

Industry Products
MPVsSUVsBasic vehiclesMini buses
 
Industry Activities
basic passenger carsMPVsSUVsmini buses


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