Summary
New Cars in China industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickups used predominantly in North America, and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market share data for the New Cars industry applies to motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. therefore where possible, market share data represents sales figures for every brand in that manufacturing group within each country. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The Chinese new car market is expected to generate total revenues of $509.2 billion in 2022, representing a compound annual growth rate (CAGR) of 1.4% between 2017 and 2022.
- Market consumption volume is forecast to decline with a negative CAGR of 0.8% between 2017 and 2022, reaching a total of 24,427,200 cars in 2022.
- Growth in this market has been hindered by environmental concerns in China. High pollution levels in the major urban cities have led the government to encourage consumers to revert to non-fossil fuel-burning substitutes.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the new cars market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in China
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China new cars market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the China new cars market by value in 2022?
- What will be the size of the China new cars market in 2027?
- What factors are affecting the strength of competition in the China new cars market?
- How has the market performed over the last five years?
- How large is China’s new cars market in relation to its regional counterparts?
'
Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. How are strategic alliances used by the leading companies?
7.4. How is new technology opening up competition?
7.5. How are leading players progressing in the hybrid and electric cars segment?
8 Company Profiles
8.1. Volkswagen AG
8.2. Toyota Motor Corporation
8.3. BYD Company Limited
8.4. Honda Motor Co., Ltd.
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: China new cars market value: $ billion, 2017-22(e)
Table 2: China new cars market volume: thousand units, 2017–22(e)
Table 3: China new cars market geography segmentation: $ billion, 2022(e)
Table 4: China new cars market value forecast: $ billion, 2022-27
Table 5: China new cars market volume forecast: thousand units, 2022–27
Table 6: China new cars market share: % share, by volume, 2022(e)
Table 7: Volkswagen AG: key facts
Table 8: Volkswagen AG: Annual Financial Ratios
Table 9: Volkswagen AG: Key Employees
Table 10: Volkswagen AG: Key Employees Continued
Table 11: Volkswagen AG: Key Employees Continued
Table 12: Toyota Motor Corporation: key facts
Table 13: Toyota Motor Corporation: Annual Financial Ratios
Table 14: Toyota Motor Corporation: Key Employees
Table 15: Toyota Motor Corporation: Key Employees Continued
Table 16: Toyota Motor Corporation: Key Employees Continued
Table 17: BYD Company Limited: key facts
Table 18: BYD Company Limited: Annual Financial Ratios
Table 19: BYD Company Limited: Key Employees
Table 20: Honda Motor Co., Ltd.: key facts
Table 21: Honda Motor Co., Ltd.: Annual Financial Ratios
Table 22: Honda Motor Co., Ltd.: Key Employees
Table 23: Honda Motor Co., Ltd.: Key Employees Continued
Table 24: China size of population (million), 2018–22
Table 25: China gdp (constant 2005 prices, $ billion), 2018–22
Table 26: China gdp (current prices, $ billion), 2018–22
Table 27: China inflation, 2018–22
Table 28: China consumer price index (absolute), 2018–22
Table 29: China exchange rate, 2017–21
List of Figures
Figure 1: China new cars market value: $ billion, 2017-22(e)
Figure 2: China new cars market volume: thousand units, 2017–22(e)
Figure 3: China new cars market geography segmentation: % share, by value, 2022(e)
Figure 4: China new cars market value forecast: $ billion, 2022-27
Figure 5: China new cars market volume forecast: thousand units, 2022–27
Figure 6: Forces driving competition in the new cars market in China, 2022
Figure 7: Drivers of buyer power in the new cars market in China, 2022
Figure 8: Drivers of supplier power in the new cars market in China, 2022
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in China, 2022
Figure 10: Factors influencing the threat of substitutes in the new cars market in China, 2022
Figure 11: Drivers of degree of rivalry in the new cars market in China, 2022
Figure 12: China new cars market share: % share, by volume, 2022(e)
