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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 | Jan 2014

IBISWorld’s Passenger Car Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$455bn
Annual Growth 08-13
23.8%
Annual Growth 13-18
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Profit
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Employment
944,957
Businesses
53
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 - Industry Analysis Chapter

Revenue for the Passenger Car Manufacturing industry in China has been rising rapidly in the five years through 2013, at an annualized rate of 23.8%. Industry drivers include increasing disposable incomes, improved road infrastructure, urbanization, and a favorable policy environment.

Per capita disposable incomes of urban households rose steadily, at an annualized rate of 11.7%, from 2008 to 2012. In 2012, disposable incomes of rural and urban households' rose by 13.3% and 15.0% from 2011, respectively. Higher income levels have enabled more Chinese households to purchase passenger cars. Moreover, in 2012, the population in urban areas accounted for 52.6% of total population in China, surpassing the rural population for the first time... 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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