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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

The Passenger Car Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 - 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

 


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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