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China Car Air Conditioner Market Report, 2007-2008 (Chinese Version)
Research In China, Nov 2008, Pages: 35
Compared to the fierce competition in the household air conditioning market, the car air conditioning market in China is still in its infancy. Due to the fast economic growth of China and the continual increase in the car retention rate, the car air conditioner market will witness a rapid growth. However, its development will also unavoidably encounter some difficulties.
1) Continual Expansion of China’s Car Air Conditioner Market
In China, 8.79 million cars were sold in 2007 and the figure is expected to reach 10 million by 2010. Accordingly, the car air conditioner market will also achieve growth (an annual rate of approximately 15%) during this period. The market value of China’s car air conditioner market was CNY 3.5 billion in 2007. According to China’s Refrigeration Air-Conditioner Industrial Association, 9.1 million air-conditioning compressors were produced in 2007 in China. The supply of car air conditioners is expected to reach 13.8 million by 2010.
2) Air Conditioner Market Growth Rate Tends to Decline
The Chinese auto market has been fast growing since 2005, however, considering the high cost and possible hard landing of the national economy, the growth rate of China’s auto market will drop to around 10% in the coming years. Correspondingly, car air conditioner manufacturers also face challenges such as high cost, and a supply shortage, as supply is not able to meet the demand from trucks and special vehicles, and the technical challenge of energy saving and environmental protection.
3) China Car Air Conditioning Compressor Market
The output of car air-conditioning compressors surged to 6.93 million in 2007 from 1.29 million in 2001 with an annual average growth rate of 34.4%. This figure is expected to reach 7.3 million with an annual growth rate of 25.1%.
This title is also available in the following language
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