|By PR Newswire||
|March 15, 2014 12:30 AM EDT||
DALLAS, March 15, 2014 /PRNewswire-iReach/ -- 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 passenger vehicle market 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.
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.
Purchase Report @ http://www.reportsnreports.com/purchase.aspx?name=276007.
This report mainly contains seven chapters and 192 charts, mainly covering the followings:
- Overview of passenger vehicle industry (including definition, industrial chain and relevant policies);
- Global passenger vehicle market (including global passenger vehicle production and sales, as well as passenger vehicle production, sales, import and export volume of Japan, Germany, South Korea, the United States and other global passenger car producers);
- China's passenger car production and sales (involving production and sales of the overall market and all market segments divided by model, fuel type, gearbox type and displacement; production, sales, ranking and market share of the overall market and brand- or enterprise-divided segments)
- Passenger car import and export markets (including import and export volume, import and export value, import and export trade data on both sides, etc.);
- Operation of 11 Chinese passenger vehicle producers (involving company profile, financial indicators, revenue structure, gross margin, passenger vehicle sales, ranking and market share, development prospect, etc.).
Key Companies in China: SAIC Motor Corporation Limited, Dongfeng Motor Group Co., Ltd., Great Wall Motor Company Limited, BYD Company Limited, Chongqing Changan Automobile Company Limited, Geely Automobile Holdings Limited, FAW Car Co., Ltd., Guangzhou Automobile Group Co., Ltd. (GAC), Haima Automobile Group Co., Ltd., LIFAN Industry (Group) Co.,Ltd, Tianjin Faw Xiali Automobile Co., Ltd.,
According to SUV Industry Report, 2014, the SUV market is expected to maintain rapid growth over the next five years, and sales volume will reach 7.91 million in 2018.
In 2013, Chinese automobile market achieved higher-than-expected growth, of which, output increased by 14.82% YoY to 22.13 million and sales volume rose 13.94% YoY to 21.99 million. Passenger car market grew faster than the overall automotive industry, with output and sales volume up 16.49% and 15.71% YoY to 18.08 million and 17.93 million, respectively. As the current market has a large base, China's passenger car market growth rate in the next five years will be reduced to about 10%.
In 2013 Chinese SUV market saw fast development, with growth rate much higher than the overall car market as well as passenger car market, of which, output exceeded three million, a year-on-year increase of more than 50%; sales volume jumped 49.57% YoY to 2.99 million. Because of sporty appearance, larger space and stronger dynamics, SUV has become more popular among Chinese customers. SUV market over the next five years is expected to maintain rapid growth; sales volume will hit 7.91 million in 2018, with proportion in the passenger car market up to 27.83% from 16.67% in 2013.
Purchase Report @ http://www.reportsnreports.com/purchase.aspx?name=276006.
This report mainly contains six chapters and 95 charts, covering China's overall automobile industry overview, SUV market industry overview, sales ranking, powertrain matching and other data, as well as industrial profile and competition pattern of SUV market segments (A0 class and below, A class, B class, C class and above), SUV production & sales, main models supporting and production bases of 12 major manufacturers, etc..
Key Companies: Great Wall Motor, Shanghai Volkswagen, FAW-Volkswagen, BYD, Dongfeng Yueda KIA, Chery, Beijing Hyundai, FAW Toyota, Dongfeng Honda, GAC-Toyota, Dongfeng Nissan, Zotye Auto
Browse Other New Reports by SinoMarketInsight @ http://www.reportsnreports.com/publisher/sinomarketinsight/.
Media Contact: Priyank Tiwari, ReportsnReports, +1 888 391 5441, [email protected]
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