Burgeoning Passenger Vehicles Industry in China: Ken Research

Ken Research has announced its distribution on, “China Passenger Vehicle Industry Overview, 2017-2021” which provides:

• Reasons for developing environment of Passenger Vehicle Industry in China
• Analysis on Supply and Demand in Passenger Vehicle Industry in China
• Major Sales Channels of Passenger Vehicles in China
• Import and Export of Passenger Vehicles in China
• Competition in China Passenger Vehicle Industry
• Major Driving Forces and Market Opportunities in Passenger Vehicle Industry in China, 2017-2021
• Threats and Challenges in Passenger Vehicle Industry in China, 2017-2021
• Forecast on Supply and Demand of Passenger Vehicle Industry in China, 2017-2021

INDUSTRY OUTLOOK

• Passenger vehicles are formed with technical properties for carrying passengers together with their luggage and temporary belongings with not more than nine seats including the driver seat and are further categorized into basic passenger vehicles (sedans), multi-purpose vehicles (MPV), sports utility vehicles (SUV), special purpose passenger vehicles and cross passenger vehicles.

• Chinese passenger vehicle manufacturers can be divided into independent brands, join-venture brands and foreign brands. Foreign brands target at the high-end market; join-venture brands are joint ventures between large state-owned enterprises and foreign enterprises; and independent brands are either large state-owned enterprises or private enterprises.

• The passenger vehicle manufacturing industry is under stern regulation of Chinese government. There is a harsh examination and approval system where Chinese government strictly examines and approves investment projects of whole passenger vehicles and vehicle engines and also there is a strict catalogue system. There are polices regulating technologies in the industry for example, it puts emphasis on economical sedans that are in accordance to national safety, energy efficiency and emission standards and personal vehicle demands.

• Gasoline motors are expected to reach Euro III or China IV emission standards and along with moderate development of sedan diesel engines, single-fuel combustion engines and hybrid engine systems is also encouraged recently and forecasted to grow well in the future years.

• In 2015, automobile consumption was gloomy and the automobile market stepped into a downturn and for augmenting the sales volume of domestic automobiles, the State Council issued the preferential purchase tax policy which provided a 50% discount on purchase tax of automobile of 1.6 liter and below. The policy became effective on October 1, 2015 and lasted until December 31, 2016 and after the implementation of the policy, the Chinese automobile market was very hot and it is further expected to maintain this position and develop well in the coming years.

• In China's passenger vehicle market, the competition is seen majorly among independent brands and joint-venture brands. In 2016, leading enterprises in the passenger vehicle industry in China were SAIC Volkswagen Automotive Co., Ltd., SAIC-GM-Wuling Automobile Co., Ltd., SAIC General Motors Co., Litd., FAW-Volkswagen Automobile Co., Ltd., Chongqing Changan Automobile Co., Ltd., etc.

• In 2016, the output volume and sales volume of passenger vehicles in China were recorded as 24.421 million and 24.377 million, increasing by 15.5% and 14.9% over 2015, respectively. The growth rates were 1 percentage point and 1.2 percentage points, which were higher than that of the overall output volume and sales volume of automobiles.

• Category wise, the sales volume of sedans were 12.15 million, increasing by 3.4%; that of SUVs were 9.047 million, rising by 44.6%; that of MPVs were 2.497 million, ascending by 18.4% ; that of cross passenger vehicles were 684,000, decreasing by 37.8% in 2016.

• Affected by the preferential purchase tax policy, in 2016, the sales volume of passenger vehicles of 1.6 liter and below was reckoned as 17.607 million, rising by 21.4% over 2015 and accounted for 72.2% of the total sales volume of passenger vehicles.

• In 2016, 10.529 million Chinese brand passenger vehicles were sold, increasing by 20.5% and reckoned for 43.2% of total passenger vehicle sales volume. The share increased by 2 percentage points over 2015.

• The volume of sedan sold was 2.34 million and its market share was 19.3%, down by 3.7% and 1.4% YOY, respectively; the sales volume of SUV was 5.268 million and its market share was 58.2%, up by 57.6% and 4.8%YOY, respectively; the sales volume of MPV was 2.238 million and the market share was 89.6%, up by 19.9% and 1.2% YOY, respectively.

• Overall, the passenger vehicles production and demand in the Chinese market is likely to keep on ameliorating year after year as can be seen by the facts recorded in the report.

Topics Covered in the report

• China Passenger Vehicle Industry Research,
• Passenger Vehicle Market China,
• China Automobile Industry Research,
• China Automobile sector Future Outlook,
• China Passenger Vehicle Sales Volume,
• Passenger Vehicle production China,
• Passenger Vehicle Demand China,
• China Passenger Vehicle Industry growth,
• China Passenger Vehicle Industry trends,
• China Passenger Vehicle Industry analysis,
• China Passenger Vehicle Industry,

For more coverage click on the link below:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/china-passenger-vehicle-industry-overview/81318-100.html
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https://www.kenresearch.com/defense-and-security/weapon/global-armored-vehicles/23731-16.html
Contact:
Ken Research
Ankur Gupta,
Head Marketing & Communications
query@kenresearch.com
+91-124- 4230204
www.kenresearch.com

Chinese Automobile Industry Expected To Amplify: Ken Research

Ken Research has announced its distribution on, “Research Report on Automobile Distribution Industry, 2017-2021” which provides:

• Development Status of Automobile Industry in China
• Economic and Policy Environment in the Development of Automobile Distribution Industry in China
• Distribution Modes of Automobiles in China
• Competition Status of Automobile Distribution Industry in China
• Major Automobile Dealers in China market
• Development Trend of Automobile Distribution Industry in China

ECONOMIC OUTLOOK

• The automobile industry has shown a rapid development after China collaborated the WTO and thereby from 2009-2016, China remained the world's largest producer and seller of automobiles for these years.
• Influenced by privileged policies, the production and sales volume made a new record that was high in 2016. The production and sales volume of automobiles in China was 28.119 million and 28.028 million in 2016, increasing by 14.5% and 13.7% respectively, compared to 2015.
• Also, in 2016, the production and sales volume of passenger vehicles in China rose by 15.5% and 14.9% respectively and were higher than the overall growth rate.
• The status of production and sales volume of cohorts of passenger vehicles ameliorated as well like the production and sales volume of sedan increased by 3.9% and 3.4% respectively; SUV increased by 45.7% and 44.6% respectively; MPV increased by 17.1% and 18.4% respectively.
• At the end of 2016, the number of auto dealers in China exceeded 70,000, most of which were independent stores. Over 30,000 were 4S stores.
• The increased demand for vehicles led to increased production volume of automobiles which further stimulated the growth of the automobile distribution industry.
• More than 1,000 automotive 4S stores are newly established in China every year while a considerable number is closed too due to poor management but in the future years to come, more and more levels of growth are expected.
• Many whole vehicle manufacturers plan to expand the number of their dealers, as it lessens the profits of auto dealers. Currently, domestic auto dealers mainly rely on profits of new auto sales. The after-sales market remains immature but is expected to take a toll in the coming years and overall lead to betterment of the industry.
• There are over 2,000 new vehicle markets and automobile parks, over 1,000 used vehicle markets and 10,000s of auto component and accessory stores in China. With the evolution of e-commerce in China taking place, a large number of individuals and enterprises run auto parts business by B2B and B2C modes and this scenario is forecasted to speedily grow and reckon the industry to be reaping maximum gains in the future years.
• The automobile market in China's first and second tier cities is saturated and therefore shows a sluggish growth which is anyhow expected to get better. By contrast, market in the third and fourth tier cities is developing rapidly, which mainly lead the future growth of auto market for automobile dealers.

Topics Covered in the Report

• China Automobile Industry research
• Passenger Vehicle Industry China Competition
• China Automobile Industry Forecast
• China Automobile manufacturing Industry
• China Automobile Market Competition
• China Automobile Major Dealers
• China Automobile Market size
• China Automobile Market share
• China Automobile Market growth
• China Automobile Market trends
• China Automobile Market research
• China Automobile Industry

For more coverage click on the link below:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/research-report-automobile-distribution-industry/81315-100.html

Related links:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/china-insurance-market-research-report/368-93.html

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/competent-automobiles-co-ltd-company-profile/3619-95.html

Contact:

Ken Research

Ankur Gupta,

Head Marketing & Communications

query@kenresearch.com

+91-124- 4230204

www.kenresearch.com

Strong Economy to Boost China Passenger Vehicle Industry: Ken Research

Ken research announced its recent publication on "China Passenger Vehicle Industry in overview, 2017-2021”. The report provides a comprehensive analysis on the passenger vehicle industry of China. The report gives a detailed account of Development Environment of Passenger vehicle, its supply and demand, major sales channel, its import and export, competitive landscape and the major driving forces. Further the report delineates about the threats and Challenges in Passenger Vehicle Industry in China with its forecast on the future supply and demand trends.

China is a unitary sovereign nation of East Asia. Covering about 9.6 million square kilometer and it is the second largest state by land area and fourth largest by total area. This country has a socialist economic system which is world’s largest economy by purchasing power parity. It is the manufacturing hub of the world and is the largest exporter of goods. The main goods exported by the country is Electrical , machinery, including data processing equipment, apparel, textiles, iron and steel, optical and medical equipment, as well as almost every single category of industrial products. It is also the second largest importer of goods. However, it is net importer of the service products. China is one of the fastest growing economies and consumer market

China is world’s largest trading nation has signed various pacts with numerous nations. It has free trade agreements with various nations such as Australia, South Korea, ASEAN, New Zealand, and Pakistan among others.

China has the world’s largest population and subsequently high population density. It has an average proportion of urbanized population however the rate of urbanization is growing at a much faster rate than the world average.

For the past couple of years the Chinese economy is experiencing slowdown. The country’s debt has increased significantly and its debt to GDP ratio has soared over a decade. As the Chinese economy has expanded over the years, its regulatory environment has not been able to keep up with the pace. The growth of new business has been outperformed the government ability to regulate them. Other major problem that the country goes through is concerns about labour force and pricing system. The nation is marred with large scale unemployment. The government has further struggled to contain social strife and environmental damage due to rapid transformation of the economy, high corruption, and low collection public receipts among others.

China’s passenger vehicle market is one of the biggest in the world. They are a major segment of automotive industry. It also has the highest number of brands and models. It is the global leader in the passenger vehicle production. It has been steadily growing after it overtook USA is terms of sales in 2009. It efficiently caters the needs of consumers as the Chinese passenger vehicle is known for its strong product portfolios, top class features, and superior brand loyalty: all at affordable prices. Further, the industry has also recognized the consumer needs for hybrid and electrical vehicle as well as the environmental concerns. The major drivers for this market is the increasing disposable income, rapid urbanization, demand for new cars from lower tier cities, and low vehicle costs.

Key Topics Covered in the Report:

Passenger Vehicles Market Research China

Passenger Vehicles Demand China

China Automobile Industry Research

Passenger Vehicle Industry China Competition

Passenger Vehicle Manufacturing Industry China

Passenger Vehicles Industry China Forecast

For more information click on the link below

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/china-passenger-vehicle-industry-overview/81318-100.html

Related links                                          

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/beijing-automotive-industry-holding-co-ltd/44033-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/shanghai-automotive-industry-corporation/35166-100.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249