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As per a recently published report on China's Automobile Industry China Automobile Industry - 2013, China has accounted for nearly 20% of global automobiles sales. In the coming years this share is expected to grow further and it is expected to reach 25% by 2013.
Growing economy and various stimulus packages offered by the Chinese government are the major driving force behind the growth of the automobile industry in China. Automobile sales in China is expected to increase at a healthy rate of more than 12% in the coming years.
The Passenger car is a major segment in the automobile industry in China. It accounts for more than 75% of the total automobile market. In the coming years passenger car sales are expected to grow further and it is expected to cross the 17 million unit mark in the coming four years.
In the coming years with the growth of automobile industry auto component industry is expected to see a huge growth. Many global players have already been established in the Chinese market and they are expanding their operations in the country.
China Automobile Industry - 2013 report evaluates the past, present and future scenario of the Chinese automobile industry. The report analyzes the different segments of automobile industry, including passenger cars market, commercial vehicles market, two-wheeler market, auto component market and used vehicles market.
The report provides the future forecast till 2013 for the automobile industry in China and its segments including passenger car, commercial vehicle, two-wheeler, auto component and used vehicle. The report also covers the major domestic players in the Chinese automobile industry.