China Used Car Market Report, 2014-2017: Market Analysis, Size, Share, Growth, Trends And Forecast Research Report
cars in China is estimated to register a CAGR of 16.5% during 2014-2017, with transaction volume reaching 9.57 million in 2017.
With the increase of car ownership, China’s used car market has been on a fast track of development. In 2013, 5.20 million used cars were traded in China, up 8.6% YoY and 1.9 times as that in 2008, generating a turnover of RMB291.6 billion, a year-on-year increase of 10.6% and 2.5 times as much as that in 2008. Based on the calculation that consumers change their cars every 5-6 years, China will step into the car-replacement peak in 2014, and the used car market will usher in accelerated growth.
With regard to regional distribution, China’s current second-hand car trading is mainly concentrated in East and South China, which, featuring developed economy, high car ownership, more mature automobile consumer awareness and higher acceptance of used cars, together account for over 50% of total transaction volume. It is expected that the development of China’s used car market over the next few years will still focus on the two regions; meanwhile, North, Northwest and Northeast China will also pick up the pace.
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From the point of view of market segments, China’s basic passenger vehicle (sedan) production rose from 2.7682 million to 12.1008 million in 2005-2013, with a CAGR of 20.25%. In the corresponding period, sport utility vehicle (SUV) production surged from 194,700 to 3.0257 million at a CAGR of 40.91%. On account of its strong power, cross-country ability, capaciousness and comfort as well as good cargo and passenger carrying functions, SUV has become the main force for automobile market growth in recent years.
By the end of Q2 2012, there had been 12,280 star-rated hotels in China, including 194 one-star hotels, 3,487 two-star hotels, 5,699 three-star hotels, 2,242 four-star hotels and 658 five-star hotels. In Q2 2012, the total revenue of Chinese star-rated hotels grew 7.5% year-on-year to RMB60 billion, of which the revenue from food & beverage amounted to RMB26.27 billion, accounting for 43.8% of the revenue; and the revenue from guest room hit RMB26.66 billion, making up 44.5%. It is expected that, in 2015, the revenue of star-rated hotels in China will register RMB308.6 billion.
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cars in China is estimated to register a CAGR of 16.5% during 2014-2017, with transaction volume reaching 9.57 million in 2017.
With the increase of car ownership, China’s used car market has been on a fast track of development. In 2013, 5.20 million used cars were traded in China, up 8.6% YoY and 1.9 times as that in 2008, generating a turnover of RMB291.6 billion, a year-on-year increase of 10.6% and 2.5 times as much as that in 2008. Based on the calculation that consumers change their cars every 5-6 years, China will step into the car-replacement peak in 2014, and the used car market will usher in accelerated growth.
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In view of segments, used sedans hold the lion’s share, with transaction volume and turnover achieving 3.0475 million (or 59% of total volume) and turnover of RMB174.89 billion (or 60% of total amount) in 2013, respectively. Driven by the fast-growing SUV ownership, the used SUV market is booming, with transaction volume and turnover growing at high AAGRs of 28% and 35% in 2008-2013 to 166,800 and RMB26.96 billion in 2013, separately. It is expected that the used SUV market will freeze the high-growth status (around 30%) in both transaction volume and turnover over the next four years, thus becoming the fastest-growing segment among used cars.With regard to regional distribution, China’s current second-hand car trading is mainly concentrated in East and South China, which, featuring developed economy, high car ownership, more mature automobile consumer awareness and higher acceptance of used cars, together account for over 50% of total transaction volume. It is expected that the development of China’s used car market over the next few years will still focus on the two regions; meanwhile, North, Northwest and Northeast China will also pick up the pace.
Latest Market Research Manufacturing & Construction Reports:
China Passenger Vehicle Industry Report, 2014-2017: Market Analysis, Size, Share, Growth, Trends And Forecast Research Reporthttp://www.marketresearchstore.com/Report/china-passenger-vehicle-industry-report-20142017-700
China Passenger Vehicle Industry Report, 2014-2017 forecasts China’s passenger vehicle sales volume in this period will present a CAGR of 9.1%, reaching 25.62 million in 2017. In 2005-2013, China’s passenger vehicle production increased from 3.9318 million to 18.0852 million, showing a CAGR of 21.02% (up 16.5% YoY in 2013).From the point of view of market segments, China’s basic passenger vehicle (sedan) production rose from 2.7682 million to 12.1008 million in 2005-2013, with a CAGR of 20.25%. In the corresponding period, sport utility vehicle (SUV) production surged from 194,700 to 3.0257 million at a CAGR of 40.91%. On account of its strong power, cross-country ability, capaciousness and comfort as well as good cargo and passenger carrying functions, SUV has become the main force for automobile market growth in recent years.
China Hotel Industry Report, 2012-2015: Market Analysis, Size, Share, Growth, Trends And Forecast Research Reporthttp://www.marketresearchstore.com/Report/china-hotel-industry-report-20122015-703
China Hotel Industry Report, 2012-2015 released by Sino Market Insight, the sales of Chinese hotel industry will reach RMB 308.6 billion in 2015.By the end of Q2 2012, there had been 12,280 star-rated hotels in China, including 194 one-star hotels, 3,487 two-star hotels, 5,699 three-star hotels, 2,242 four-star hotels and 658 five-star hotels. In Q2 2012, the total revenue of Chinese star-rated hotels grew 7.5% year-on-year to RMB60 billion, of which the revenue from food & beverage amounted to RMB26.27 billion, accounting for 43.8% of the revenue; and the revenue from guest room hit RMB26.66 billion, making up 44.5%. It is expected that, in 2015, the revenue of star-rated hotels in China will register RMB308.6 billion.
About Us:
Market Research Store [http://www.marketresearchstore.com/] is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading publishers and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends. Email: sales@marketresearchstore.com.
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