Summary
New Cars in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 Hong Kong new car market is expected to generate total revenues of $1.9 billion in 2022, representing a compound annual growth rate (CAGR) of 1.7% between 2017 and 2022.
- Market consumption volume is forecast to decline with a negative CAGR of 0.2% between 2017 and 2022, reaching a total of 36,900 cars in 2022.
- A positive macroeconomic environment that keeps consumer confidence high, along with the low cost of car loans and increasing disposable incomes, will stimulate demand for new vehicles and the replacement of existing old vehicles in the coming future.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Hong Kong
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Hong Kong
- 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 Hong Kong new cars market with five year forecasts
Reasons to Buy
- What was the size of the Hong Kong new cars market by value in 2022?
- What will be the size of the Hong Kong new cars market in 2027?
- What factors are affecting the strength of competition in the Hong Kong new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up Hong Kong's new cars market?
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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. Toyota Motor Corporation
8.2. Mercedes-Benz Group AG.
8.3. Bayerische Motoren Werke AG
8.4. Tesla, Inc.
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: Hong Kong new cars market value: $ billion, 2017-22(e)
Table 2: Hong Kong new cars market volume: thousand units, 2017–22(e)
Table 3: Hong Kong new cars market geography segmentation: $ billion, 2022(e)
Table 4: Hong Kong new cars market value forecast: $ billion, 2022-27
Table 5: Hong Kong new cars market volume forecast: thousand units, 2022–27
Table 6: Hong Kong new cars market share: % share, by volume, 2022(e)
Table 7: Toyota Motor Corporation: key facts
Table 8: Toyota Motor Corporation: Annual Financial Ratios
Table 9: Toyota Motor Corporation: Key Employees
Table 10: Toyota Motor Corporation: Key Employees Continued
Table 11: Toyota Motor Corporation: Key Employees Continued
Table 12: Mercedes-Benz Group AG.: key facts
Table 13: Mercedes-Benz Group AG.: Annual Financial Ratios
Table 14: Mercedes-Benz Group AG.: Key Employees
Table 15: Mercedes-Benz Group AG.: Key Employees Continued
Table 16: Bayerische Motoren Werke AG: key facts
Table 17: Bayerische Motoren Werke AG: Annual Financial Ratios
Table 18: Bayerische Motoren Werke AG: Key Employees
Table 19: Bayerische Motoren Werke AG: Key Employees Continued
Table 20: Tesla, Inc.: key facts
Table 21: Tesla, Inc.: Annual Financial Ratios
Table 22: Tesla, Inc.: Key Employees
Table 23: Hong Kong size of population (million), 2018–22
Table 24: Hong Kong gdp (constant 2005 prices, $ billion), 2018–22
Table 25: Hong Kong gdp (current prices, $ billion), 2018–22
Table 26: Hong Kong inflation, 2018–22
Table 27: Hong Kong consumer price index (absolute), 2018–22
Table 28: Hong Kong exchange rate, 2017–21
List of Figures
Figure 1: Hong Kong new cars market value: $ billion, 2017-22(e)
Figure 2: Hong Kong new cars market volume: thousand units, 2017–22(e)
Figure 3: Hong Kong new cars market geography segmentation: % share, by value, 2022(e)
Figure 4: Hong Kong new cars market value forecast: $ billion, 2022-27
Figure 5: Hong Kong new cars market volume forecast: thousand units, 2022–27
Figure 6: Forces driving competition in the new cars market in Hong Kong, 2022
Figure 7: Drivers of buyer power in the new cars market in Hong Kong, 2022
Figure 8: Drivers of supplier power in the new cars market in Hong Kong, 2022
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Hong Kong, 2022
Figure 10: Factors influencing the threat of substitutes in the new cars market in Hong Kong, 2022
Figure 11: Drivers of degree of rivalry in the new cars market in Hong Kong, 2022
Figure 12: Hong Kong new cars market share: % share, by volume, 2022(e)
