New Cars in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- New cars market includes retail sales/registrations of new passenger cars. The scope of passenger cars covers saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
- The Chinese new cars market recorded revenues of $755.3 billion in 2024, representing a compound annual growth rate (CAGR) of 2.0% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 1.4% between 2019 and 2024, reaching a total of 23,050,088.0 Units in 2024.
- In 2024, the Chinese new cars market grew by 5.3% annually, fueled by increased per capita disposable income. According to the Chinese National Bureau of Statistics (NBS), in 2024, the per capita disposable income in China reached CNY41,314 ($5,740.2), reflecting a 5.3% nominal increase from 2023. This rise in income has positively influenced consumer purchasing power and demand for new cars.
Report Scope
- 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 by both value and volume
Reasons to Buy
- What was the size of the China new cars market by value in 2024?
- What will be the size of the China new cars market in 2029?
- What factors are affecting the strength of competition in the China new cars market?
- How has the market performed over the last five years?
- Who are the top competitors in China's new cars market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Toyota Motor Corp
- Volkswagen AG
- SAIC Motor Corp Ltd
- Geely Automobile Holdings Ltd
