New Cars in Taiwan 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 Taiwanese new cars market recorded revenues of $11.4 billion in 2024, representing a compound annual growth rate (CAGR) of 1.9% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 0.04% between 2019 and 2024, reaching a total of 378,916.0 units in 2024.
- In 2024, the volume of the Taiwanese new cars market experienced a decline of 5.9% annually, primarily driven by rising consumer price inflation. According to the Asian Development Bank, the consumer price inflation rate increased to 2.2% in 2024. The rise in the inflation rate typically affects consumer confidence, leading to a decreased willingness to make significant purchases such as vehicles.
Report Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the new cars market in Taiwan
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Taiwan
- 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 Taiwan new cars market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Taiwan new cars market by value in 2024?
- What will be the size of the Taiwan new cars market in 2029?
- What factors are affecting the strength of competition in the Taiwan new cars market?
- How has the market performed over the last five years?
- Who are the top competitors in Taiwan'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:
- Honda Motor Co Ltd
- Renault-Nissan-Mitsubishi Alliance
- Volkswagen AG
- Toyota Motor Corp
