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 is expected to reach $516.4 billion in 2014, up 10.4% from 2013, and growing at an annualized rate of 16.9% 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 - Industry Key Buyers Chapter
The top four industry players, Shanghai Automotive, FAW, BAIC and ChangAn are expected to account for a total market share of 47.6% of industry revenue. This indicates a medium level of industry concentration level, with no one player completely dominating the industry.
Small-scale manufacturers have difficulties competing with large firms with foreign venture partners, as they have lower technology levels and manufacturing and design capability, and less efficient management systems. As competition intensifies, a number of small firms are faced with having to exit the market or be acquired.
The concentration level of the industry is forecast to increase with the operation expansion of top participants and more merger and acquisition activities... purchase to read more