New Cars in China
Summary
New Cars in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Synopsis
Essential resource for top-line data and analysis covering the China new cars market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Key Highlights
- The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market shares consist of motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. Any currency conversions used in this report have been calculated at constant 2016 annual average exchange rates.
- The Chinese new cars market had total revenues of $417,505.1m in 2016, representing a compound annual growth rate (CAGR) of 10.7% between 2012 and 2016.
- Market consumption volume increased with a CAGR of 12% between 2012 and 2016, to reach a total of 24,376.9 thousand units in 2016.
- Growth of the market in 2016 was mainly driven by tax cuts on the sales of small engine vehicles. Passenger cars with an engine capacity equal or less than 1.6L were subject to reduced sales tax of 5% from the prior 10%, effective from late-2015 until the end of 2016. Furthermore, the relaxation of regulations that banned pickups from entering main cities also led to a surge in the sales of this type of car.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the new cars market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in China
- Leading company profiles reveal details of key new cars market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China new cars market with five year forecasts by both value and volume
Reasons to buy
- What was the size of the China new cars market by value in 2016?
- What will be the size of the China new cars market in 2021?
- What factors are affecting the strength of competition in the China new cars market?
- How has the market performed over the last five years?
- Who are the top competitiors in China's new cars market?
