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.
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.
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.