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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Investment Chapter

For every dollar spent on wages (including management and administration and R&D costs), about 34 cents are invested in capital in the Passenger Car Manufacturing industry.

Significant capital is required for machinery and equipment for large-scale production lines. Meanwhile, car components assembled after purchase require labor. As labor costs are relatively low in China, however, wages constitute a small proportion of industry revenue... 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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