Chinese Passenger Car Production Going Full Steam AheadBy: Shushmul Maheshwari
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Chinese Passenger Car Production Going Full Steam Ahead
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China became the world’s second largest car producer after Japan in 2007 by overtaking Germany, says our new research report, “China Automobile Sector to 2010”. The production of passenger cars in the country is estimated to have crossed 7 Million Units by 2008.
As per the research, passenger cars stock in China during 2004-2007 was very low in comparison to consumer purchasing power that was increasing rapidly. As a result, many international automobile players found Chinese automobile market attractive for investment.
The aspirations of buying passenger car in new working and middle-class population increased substantially with rise in average per head disposable income that surged by over 116% between 2001 and 2006. Consequently, the sale of passenger cars witnessed an impressive annual growth of nearly 22% during 2006-2007. Moreover, the affluent households are giving priority to personal vehicles for transportation, helping the auto industry to roll ahead, says the report.
The Chinese automobile industry is expected to continue witnessing growth in the next couple of years on account of changing lifestyle in tier 1 and 2 cities along with growing importance of transportation mode. Thus, manufacturers are likely to see high production scenario in coming years amidst the rising demand in the domestic market.
Passenger car is just a segment covered in “China Automobile Sector to 2010”. The research also provides extensive statistical data and rational analysis on commercial vehicles, LCVs, trucks, two-wheelers etc. It thoroughly discusses the rapidly growing automobile industry, key players and past trends that enable investors to evaluate opportunities for growth and plan their strategies accordingly. The report also gives information on future prospects, challenges, growth areas, and demand and supply.
The RNCOS study further provides forecast on important aspects of the industry, including premium from passenger cars, auto steel demand, automobile production structure, automobile production, passenger car stock, passenger car sales, sports utility vehicle sales and commercial vehicle sales.
For more information visit: http://www.rncos.com/Report/IM117.htm
Current Industry News: http://www.rncos.com/Blog/http://www.rncos.com |
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| Keywords |
China Automobile Sector to 2010, China Automobile, China Automobile Industry, Automobile Industry in China, Chinese Automobile Industry, Market Research Report |
| Category |
Automotive |
| Submission Date |
Mar 23, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Automotive |
| 1. |
Russian Car Ownership to cross 300 per 1000 by 2013
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“Booming Russian Automobile Sector”, a new report from RNCOS, projects that the Russian automobile sector, a developing automobile market in Europe, will be able to reach the passenger car stock of over 300 per 1,000 people by 2013 only. This is due to the global financial crisis that will majorly limit the passenger car sales in 2009 and will continue to make strides in the market in coming few years as well.
The most drastic effect of the economic slowdown on the Russian passenger car market will be seen in the running year (2009). Other than tight lending conditions, passenger car sales are expected to drop sharply in 2009 due to increasing unemployment and changing consumer buying priorities. And once the passenger car ownership drops in 2009, it will take at least another three years to cross the 300 mark.
However, the sales are projected to bounce back in 2010. This is due to the fact that Russia, being a developing country, has a low passenger car ownership per 1,000 people and thus, it will be a favorite destination for auto makers despite bad economic conditions in Europe. Declined lending rates, high discount at dealers’ end and increasing import tax on old models will further help the industry to regain growth in 2010.
“Booming Russian Automobile Sector” is an exhaustive and analytical study on the automobile industry in Russia. It provides credible research and objective analysis supported by statistical facts and figures on parameters that depicts the structure of the Russian automobile sector. It provides information on market in terms of new vehicles and used vehicle as well.
The report highlights the past, present and future trends and evaluates the drivers, emerging trends, roadblocks and opportunities for the market. Based on the thorough analysis, the report forecasts automotive sales and future outlook of industry sub-segments.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM551.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 2. |
RNCOS Releases a New Report- Booming Russian Automobile Sector
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RNCOS has recently added a new Market Research Report titled, “Booming UAE Telecom Sector” to its report gallery. According to the new report Russian automotive industry is growing at a fast pace and emerging as one of the most competitive and dynamic industries at the world level. Government initiatives and incentives are filliping the industry and attracting the foreign players to the market. These foreign auto giants are establishing their car assembly lines in the country and capturing the domestic market.
Passenger car segment dominates the domestic market of Russia and is expanding due to increasing disposable income and low interest rate. This will further act as an attractant for the foreign investors to invest in the industry.
We expect that more foreign auto giants will enter the market in future to fill the demand and supply gap. At present, a large section of passenger car demand is satisfied by new imports and its share will grow in future as Russians are looking for latest technology and new designs. The commercial vehicle market will be dominated by the Light Commercial Vehicle (LCV) segment. The major part of this high demand will come from growing small- and medium-scale businesses, coupled with increasing income.
The report provides exhaustive and extensive research on the burgeoning automobile industry of Russia. It defines the market structure and growth, discusses the market drivers, analyzes the future growth areas, and studies the various parameters of the market.
Key findings of “Booming Russian Automobile Sector” include:
Sales of passenger cars in Russia are forecasted to reach about 5.9 Million Units by 2012.
The commercial vehicle market is projected to increase at a CAGR around 14% during 2008-2012.
The Russian government is establishing Greenfield sites to attract foreign players.
The stock of passenger car per 1,000 people is expected to cross 300 Units by 2012, reflecting the vast potential this market has.
In the used passenger car market, the Russian used cars accounted for about 86.9% share in 2007.
There is a high scope for growth of automotive component industry and dealership network in Russia.
Key questions answered in the report:
What is the market size of the Russian automotive industry?
Where does the Russian automotive market stands at global level?
What are the major segments in the market and what is their growth potential?
What are the growth prospects for the market in near future?
Which factors are driving the market?
What are the opportunities and constraints for automobile manufacturers?
What is the automobile production landscape of domestic and foreign players?
Who are the major domestic and foreign players in the market?
Information in the report has been sourced from:
Authentic and reliable sources like books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Research methodology used in the report:
RNCOS industry forecast and analysis is based on various macro and microeconomic factors, sector and industry specific databases and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
For more information visit: http://rncos.com/Report/IM164.htm
Current Industry News: http://www.rncos.com/Blog/
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| 3. |
RNCOS Releases a New Report- Slovakia Automobile Sector Analysis
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RNCOS has recently added a new Market Research Report titled, “Slovakia Automobile Sector Analysis” to its report gallery. Slovakia, the third-largest automotive manufacturer in central Europe, is among the fastest growing automotive markets in the Central & Eastern European Region (CEE), with the industry production growing almost two-fold (93%) in 2007 from the previous year. In percentage terms, the Slovakian automobile industry expanded by 93.3%. However, the country manufactures most of its automobiles for export, and this trend will continue in future, says the market research report “Slovakia Automobile Sector Analysis”.
This report provides a comprehensive review on the growth rationales, challenges and market prospects for the Slovakia automotive industry. It gives a detailed overview on the industry segmented into turnover, production, sales, export and investment, and predicts the future direction of the industry.
Key Highlights of the Report
- The automotive industry is the main driver of the Slovak economy, with the sector accounting for around 35% of total industrial production in 2007.
- Total production of the Slovakian automotive industry surged huge 93.3% and reached 571,071 Units in 2007 as compared to the previous year.
- Slovakia’s geographical location and relatively cheap labor force drives its automotive industry.
- From longer-term perspective, R&D will play a greater role to increase the chances of sustained growth once Slovakia’s advantage in terms of labor costs disappears.
- The Slovakian automobile industry is export-oriented. In 2007, the total automotive export from the country reached 564 Billion SKK (US$ 27.07 Billion) as compared to 402 Billion SKK (US$ 19.30 Billion) in 2005.
- Entry of new market players such as PSA and KIA will diversify Slovakia’s automotive industry and will help it to grow further.
Key Issues & Facts Analyzed in the Report
- What are growth rationales and market prospects of Slovakia automotive industry?
- What is the current statistics of the Slovakia automotive industry?
- Where does the Slovakia auto industry stands vis-a-vis the European auto industry?
- What are the challenges for the industry?
- Who are the Key players in the industry?
Key Industry Players Analyzed in the Report
This section covers the key facts about major players currently operating in the Slovakia automotive sector such as Volkswagen, PSA and KIA Motors.
Research Methodology Used
Information Sources
Information in this report has been sourced from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Method
The analysis methods used in the report include ratio analysis, historical trend analysis, judgmental forecasting, and cause and effect analysis
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM132.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 4. |
India – LCVs to Capture 47% Commercial Goods Carrier Market
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According to our new research report, “Indian Automobile Sector - A Booming Market”, LCV production in India is expected to take off in a big way in coming years. In fiscal 2007, high demand for LCVs in both domestic and international markets raised the total production of commercial vehicles despite a fall in medium and heavy segments during the same timeframe.
Indian LCV manufacturers are mainly targeting South Asia, the Middle East and Africa to sell their finished products as these regions are demographically similar to India. Thus, LCVs, which are made keeping Indian roads in mind, will face lesser difficulties in acceptance by people and perform in these regions. Moreover, LCVs could be utilized in the regions for other mode of goods transportation as well due to their body size. Besides, these regions are undergoing massive infrastructure development, creating large potential opportunities for commercial vehicles, especially the lighter ones as lower import rates are charged on LCVs, says the RNCOS research.
Sensing the growing demand of LCVs in export markets, Indian manufacturers have raised the share of LCVs to 47% in total production of commercial goods carrier (as of 2007-08).
“Indian Automobile Sector - A Booming Market” provides a detailed study on all important auto segments of the Indian auto sector such as LCVs, HCVs, passenger cars and two-wheelers along with auto component market. It also studies factors pushing growth in the market, like consumer groups and steel industry, and tracks market developments to identify opportunities in various verticals.
The past and current data given in the report is supplemented by forecast on key segments of the Indian auto industry, like premium for passenger cars, auto steel demand, automobile production, structure of automobile production, passenger car stock and sales of passenger cars and commercial vehicles.
For more information visit: http://rncos.com/Report/IM526.htm
Current Industry News: http://www.rncos.com/Blog/
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