New Cars in China - Market Summary, Competitive Analysis and Forecast to 2026
Summary
New Cars in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). 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.
- The Chinese new cars market is forecast to generate total revenues of $417.6bn in 2021, representing a compound annual rate of change (CARC) of -1.1% between 2017 and 2021.
- Market consumption volume is forecast to decline with a CARC of -3.1% between 2017 and 2021, to reach a total of 21,953.7 thousand units in 2021.
- 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.
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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
- What was the size of the China new cars market by value in 2021?
- What will be the size of the China new cars market in 2026?
- What factors are affecting the strength of competition in the China new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up China's new cars market?
Companies Mentioned
Volkswagen AG
Toyota Motor Corporation
Honda Motor Co., Ltd.
Nissan Motor Co., Ltd.
- 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?
- 7.6. What impact is the COVID-19 pandemic having on leading players?
- 8 Company Profiles
- 8.1. Volkswagen AG
- 8.2. Toyota Motor Corporation
- 8.3. Honda Motor Co., Ltd.
- 8.4. Nissan 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, 2017-21(e)
- Table 2: China new cars market volume: million units, 2017-21(e)
- Table 3: China new cars market geography segmentation: $ billion, 2021(e)
- Table 4: China new cars market value forecast: $ billion, 2021-26
- Table 5: China new cars market volume forecast: million units, 2021-26
- Table 6: China new cars market share: % share, by volume, 2021(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: Honda Motor Co., Ltd.: key facts
- Table 17: Honda Motor Co., Ltd.: Annual Financial Ratios
- Table 18: Honda Motor Co., Ltd.: Key Employees
- Table 19: Honda Motor Co., Ltd.: Key Employees Continued
- Table 20: Honda Motor Co., Ltd.: Key Employees Continued
- Table 21: Nissan Motor Co., Ltd.: key facts
- Table 22: Nissan Motor Co., Ltd.: Annual Financial Ratios
- Table 23: Nissan Motor Co., Ltd.: Key Employees
- Table 24: Nissan Motor Co., Ltd.: Key Employees Continued
- Table 25: Nissan Motor Co., Ltd.: Key Employees Continued
- Table 26: Nissan Motor Co., Ltd.: Key Employees Continued
- Table 27: China size of population (million), 2017-21
- Table 28: China gdp (constant 2005 prices, $ billion), 2017-21
- Table 29: China gdp (current prices, $ billion), 2017-21
- Table 30: China inflation, 2017-21
- Table 31: China consumer price index (absolute), 2017-21
- Table 32: China exchange rate, 2016-20
- List of Figures
- Figure 1: China new cars market value: $ billion, 2017-21(e)
- Figure 2: China new cars market volume: million units, 2017-21(e)
- Figure 3: China new cars market geography segmentation: % share, by value, 2021(e)
- Figure 4: China new cars market value forecast: $ billion, 2021-26
- Figure 5: China new cars market volume forecast: million units, 2021-26
- Figure 6: Forces driving competition in the new cars market in China, 2021
- Figure 7: Drivers of buyer power in the new cars market in China, 2021
- Figure 8: Drivers of supplier power in the new cars market in China, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the new cars market in China, 2021
- Figure 10: Factors influencing the threat of substitutes in the new cars market in China, 2021
- Figure 11: Drivers of degree of rivalry in the new cars market in China, 2021
- Figure 12: China new cars market share: % share, by volume, 2021(e)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook