New Cars in Hong Kong - Market Summary, Competitive Analysis and Forecast to 2026
Summary
New Cars in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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 Hong Kong new cars market is forecast to generate total revenues of $1.5bn in 2021, representing a compound annual rate of change (CARC) of -4.7% between 2017 and 2021.
- Market consumption volume is forecast to decline with a CARC of -6.3% between 2017 and 2021, to reach a total of 28.7 thousand units in 2021.
- The new cars market in Hong Kong has been struggling throughout the historical period. Muted economic growth combined with negative wealth effects on consumers of the residential property market have led to a decline in new car sales.
- 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 by both value and volume
- What was the size of the Hong Kong new cars market by value in 2021?
- What will be the size of the Hong Kong new cars market in 2026?
- 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?
- Who are the top competitiors in Hong Kong's new cars market?
Companies Mentioned
Toyota Motor Corporation
Daimler AG
Bayerische Motoren Werke AG
Tesla, Inc.
- 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. Toyota Motor Corporation
- 8.2. Daimler 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, 2017-21(e)
- Table 2: Hong Kong new cars market volume: thousand units, 2017-21(e)
- Table 3: Hong Kong new cars market geography segmentation: $ billion, 2021(e)
- Table 4: Hong Kong new cars market value forecast: $ billion, 2021-26
- Table 5: Hong Kong new cars market volume forecast: thousand units, 2021-26
- Table 6: Hong Kong new cars market share: % share, by volume, 2021(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: Daimler AG: key facts
- Table 12: Daimler AG: Annual Financial Ratios
- Table 13: Daimler AG: Key Employees
- Table 14: Daimler AG: Key Employees Continued
- Table 15: Bayerische Motoren Werke AG: key facts
- Table 16: Bayerische Motoren Werke AG: Annual Financial Ratios
- Table 17: Bayerische Motoren Werke AG: Key Employees
- Table 18: Bayerische Motoren Werke AG: Key Employees Continued
- Table 19: Tesla, Inc.: key facts
- Table 20: Tesla, Inc.: Annual Financial Ratios
- Table 21: Tesla, Inc.: Key Employees
- Table 22: Hong Kong size of population (million), 2017-21
- Table 23: Hong Kong gdp (constant 2005 prices, $ billion), 2017-21
- Table 24: Hong Kong gdp (current prices, $ billion), 2017-21
- Table 25: Hong Kong inflation, 2017-21
- Table 26: Hong Kong consumer price index (absolute), 2017-21
- Table 27: Hong Kong exchange rate, 2016-20
- List of Figures
- Figure 1: Hong Kong new cars market value: $ billion, 2017-21(e)
- Figure 2: Hong Kong new cars market volume: thousand units, 2017-21(e)
- Figure 3: Hong Kong new cars market geography segmentation: % share, by value, 2021(e)
- Figure 4: Hong Kong new cars market value forecast: $ billion, 2021-26
- Figure 5: Hong Kong new cars market volume forecast: thousand units, 2021-26
- Figure 6: Forces driving competition in the new cars market in Hong Kong, 2021
- Figure 7: Drivers of buyer power in the new cars market in Hong Kong, 2021
- Figure 8: Drivers of supplier power in the new cars market in Hong Kong, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Hong Kong, 2021
- Figure 10: Factors influencing the threat of substitutes in the new cars market in Hong Kong, 2021
- Figure 11: Drivers of degree of rivalry in the new cars market in Hong Kong, 2021
- Figure 12: Hong Kong new cars market share: % share, by volume, 2021(e)
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