Revenue for the Automobile Manufacturing industry is expected to total $603.7 billion in 2015, up 5.9% from 2014. Industry revenue has been increasing at an annualized rate of 10.0% during the past five years, driven by rising domestic demand across urban and rural areas and increasing exports.
Industry profitability was relatively low in 2008 at 6.2% of revenue, due to weaker local demand, falling prices, rising production costs and increased sales of low-priced and low-profit cars. Since then, however, profit margins have been widening as the industry benefited from booming automobile sales growth. Profit is estimated at 10.8% of revenue in 2015.
The Automobile Manufacturing industry in China is mainly engaged in manufacturing complete automobiles or automobile engines. The major products manufactured in this industry include complete and non-complete passenger and commercial vehicles, and automobile engines.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.