Automobile Manufacturing in China Industry Research Report – Now Available from IBISWorld
San Francisco, CA (PRWEB) July 27, 2013 -- Revenue for the Automobile Manufacturing industry in China is expected to total $454.4 billion in 2013, increasing at an annualized rate of 17.0% over the past five years, says IBISWorld. Profit margins have also been widening as the industry benefited from booming automobile sales growth.
As household income levels increased in China, and as vehicle prices have remained competitive, more people have been able to purchase their own vehicles, particularly in China's large cities. In addition, a series of favorable government policies have spurred growth, including reduced purchase fees for new cars, subsidies for car buyers in rural areas and for car owners replacing old cars with new ones, says IBISWorld.
The top four industry participants (Shanghai Automotive, FAW, Dongfeng and ChangAn) account for a combined market share of 54.5% of industry revenue in 2013. In the passenger vehicle segment, the top ten participants include SAIC-GM-Wuling, Shanghai GM, Shanghai Volkswagen, and FAW Volkswagen. This represents a medium-to-high level of industry concentration, with no one firm totally dominating the industry. There is still a large gap between China's automobile manufacturers and those in advanced countries. Scale economies of China's automotive industry will not be totally realized until the top players can achieve a higher concentration level.
There are several small players in the Automobile Manufacturing industry that specialize in a small number of product lines to serve niche markets. However, it is expected that these participants will be unable to compete successfully against their larger rivals with foreign joint venture partners. In 2005, there were several small players, such as Aux, that exited the industry. In the next few years, a higher number of small players will be acquired and merged, or exit the industry, says IBISWorld.
For more information, visit IBISWorld’s Automobile Manufacturing in China industry report page.
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IBISWorld Industry Report Key Topics
The Automobile Manufacturing industry in China is mainly engaged in manufacturing complete automobiles or automobile engines. The major products manufactured in this industry include complete and non-complete passenger and commercial vehicles, and automobile engines.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Gavin Smith, IBISWorld, 310 866 5042, [email protected]
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