Saturday, 10 January 2015

CAGR of 9.1% China Passenger Vehicle Industry will Reach 25.62 million in 2017: Market Analysis, Size, Share, Growth, Trends And Forecast Report

China Passenger Vehicle Industry Report, 2014-2017:  Market Analysis, Size, Share, Growth, Trends And Forecast Research Report by Market Research Store.

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).

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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.

From the market occupancy by factions, the development of self-owned brand market can be divided into two phases: market share of passenger vehicle sales volume grew from 40.10% to 45.60% in 2008-2010; followed by a decrease from 45.60% to 40.28% in 2010-2013. Japanese brands fell from 25.60% in 2008 to 16.35% in 2013; while German brands saw an increase from 15.50% in 2008 to 18.81% in 2013.

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