Passenger Vehicle Market in China grow tremendously at a CAGR of about 5.39% by 2020

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About the Passenger Vehicle Market in China

China is leading the global automotive industry since 2009, when it overtook the US in terms of total vehicle production. China represents one of the fastest-growing auto industries and is one of the key regions for original equipment manufacturers (OEMs) across the globe. Passenger cars are a key segment of the automotive industry in China. This segment constituted more than 80% of the total automotive industry (passenger cars commercial vehicles). The year 2015 recorded sales of 21.15 million vehicles in China, led by sedans and small cars, followed by SUV/crossovers, MPV, and luxury car segments, respectively.

Technavios analysts forecast the Passenger Vehicle Market in China to grow at a CAGR of 5.39% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the Passenger Vehicle Market in China for 2016-2020.

Technavio’s report, Passenger Vehicle Market in China 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
BAIC Group
Changan Automotive
Dongfeng Motor
SAIC Motor

Other prominent vendors
Brilliance Auto
BYD Auto
GAC (Guangzhou Automobile Corp.)
GM China
Great Wall
Volkswagen China

Market driver
High adoption of electric vehicles to provide new business opportunities
For a full, detailed list, view our report

Market challenge
Increasing cost pressure on OEMs from demand side
For a full, detailed list, view our report

Market trend
OEMs to focus on new product development and strong product portfolios to secure market share
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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