How big is the market?

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Which segment accounted for the largest market share?

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Who are the key players in the market?

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What are the factors driving the market?

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Passenger Vehicle Market in China 2016-2020

Q: How big is the market?

. <a href='https://www.technavio.com/report/china-automotive-manufacturing-passenger-vehicle-market'>Read More</a>

Q: Which segment accounted for the largest market share?

. <a href='https://www.technavio.com/report/china-automotive-manufacturing-passenger-vehicle-market'>Read More</a>

Q: Who are the key players in the market?

. <a href='https://www.technavio.com/report/china-automotive-manufacturing-passenger-vehicle-market'>Read More</a>

Q: What are the factors driving the market?

. <a href='https://www.technavio.com/report/china-automotive-manufacturing-passenger-vehicle-market'>Read More</a>

Published: May 2016
Pages: 80
SKU: IRTNTR9430

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Overview of the passenger vehicle market in China

Technavio’s market research analyst predicts the passenger vehicle market in China to grow at a CAGR of more than 5% by 2020. China is one of the fastest-growing auto industries and accounts for a major presence of original equipment manufacturers (OEMs) across the globe. Passenger cars are a key segment of the Chinese automotive industry, constituting more than 80% of the total automotive industry. Factors such as increasing disposable income, rapid urbanization, demand for new cars from lower tier cities, and low vehicle costs are driving the growth of passenger vehicles in China. The market is also expected to witness rapid sales of electric and hybrid cars during the forecast period due to the reduced cost of batteries used in these vehicles.

Owing to the presence of a well-established e-commerce chain and the growing preference for buying merchandise through online platforms, several automotive manufacturers are making their products available online. With more people willing to buy cars online, the OEMs and dealers are selling new cars online through various e-business platforms such as Alibaba, Autobytel, and AutoNation. Automotive OEMs in China are expected to focus on the online retail channels in the coming years as these channels will help the OEMs to maintain a direct relationship with buyers.

Segmentation by propulsion type and analysis of the passenger vehicle market in China

Internal combustion engine (ICE)
Electric and hybrid

PART 01: Executive summary

Highlights

PART 02: Scope of the report

Report coverage
Definitions of products and market

PART 03: Market research methodology

Research methodology
Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Value chain

PART 06: Market landscape

Overview
Five forces analysis

PART 07: Market segmentation by propulsion type

Passenger vehicle market in China market segmentation by propulsion type
ICE passenger vehicle market in China
Electric and hybrid passenger vehicle market in China

PART 08: Market segmentation by vehicle type

Passenger vehicle market in China by vehicle type
Sedan and small car market in China
SUV/crossover market in China
MPV market in China
Luxury car market in China

PART 09: Market drivers

Low vehicle per capita and high rural to urban migration to offer an attractive passenger vehicle market
High adoption of electric vehicles to provide new business opportunities
Strong profit margins to attract higher investments by domestic and international OEMs
Rapid growth expected from Tier 3, 4, and 5 cities

PART 10: Impact of drivers

PART 11: Market challenges

Increasing cost pressure on OEMs from demand side
Economic slowdown in China

PART 12: Impact of drivers and challenges

PART 13: Market trends

OEMs to focus on new product development and strong product portfolio to secure market share
Digitalization of China’s automotive industry
Domestic OEMs to capture higher market share than international OEMs
China to become testing ground for autonomous vehicles
OEMs to adopt localization to push luxury vehicles by reducing the cost

PART 14: Vendor landscape