Passenger Car Market Witnessing Double-Digit Growth in China

Passenger car production in China is anticipated to grow at a CAGR of around 16% during 2011-2014, says RNCOS in its latest research report.

 

Over the last few years, demand for automobiles has increased to a great extent in China, and encouraged most of the country's vehicle manufacturers to raise the production capacity. Specially, in passenger cars segment, production has grown at a double-digit rate owing to the growing popularity as a profitable manufacturing hub and rising investment by many international players. The industry is also exhibiting strong growth inclination in the production of all three segments of passenger car, viz. small, mid-size and luxury. Besides that, the government is also taking various initiatives to boost Chinese automobile industry. On the back of all the above-mentioned factors, the overall production of passenger car in China is anticipated to grow at a CAGR of around 16% during 2011-2014.

  Moreover, according to the latest research by RNCOS, China Automobile Sector Analysis, China has become a prominent name in the international automobile market. The country's inexpensive labor costs and supportive geographical location is making it an attractive destination for auto majors. Besides, rapid developments in road infrastructure, strong economic growth, and better standards of living have taken the automobile demand and sales in China to new levels. As per our research, the industry is going through a rapid expansion phase. Various automobile manufacturers have raised their production capacity in the country while many of the expansion plans are still in the pipeline. In addition to that, the government of the country is also taking various initiatives to boost the industry and place it in the forefront on the global automobile arena.

 The report from China Automobile Sector Analysis, covers various aspects of the Chinese automobile market. It offers detailed analysis of the Chinese automobile market and its various segments and their sub-segments including passenger cars, commercial vehicle, and utility vehicles. Each section explains the current and future market trends, and developments in the Chinese automobile market. Forecasts for both sales and production of all-important segments of market have also been included in the report to provide a better understanding of the automobile sector in the country. Besides, we have also included detailed competitive landscape with an aims to provide a complete outlook of the market to clients. Our research foresees immense opportunities for various industry players, including domestic as well as international. Overall the report offers a comprehensive analysis of the entire Chinese automobile industry.