Automotive Market in China is expected to grow at a CAGR of 6.49% during the forecast period and is expected to reach US$ 3.24 Tn by 2029.

Automotive Market Overview:

China endures being the world's major vehicle market with the Chinese government expecting that automobile output will reach 32 Mn units by 2021 & 35 Mn by 2025. According to the MMR study, over 27 Mn vehicles were sold in the year 2018. This included 23.79 Mn passenger vehicles, down 4.08 percent from 2017, & 4.38 Mn commercial vehicles, an increase of 5.05 percent. The decline in passenger vehicle sales is the 1st annual decline in at least 20 years.

Market Scope:

The Global Automotive Report provides a comprehensive analysis of the market, covering data on several factors such as constraints, opportunities, drivers, and threats. The report provides the most up-to-date research on the current global market development plan, as well as the pre- and post-Covid-19 scenarios. It also provides a comprehensive analysis of the market's size based on end-user applications, products, kinds, trends, and major geographic areas.

Drivers:

This strategy highlights the growth of new energy vehicles & connected & autonomous vehicles as an opportunity for China to lead this developing market. Numerous ambitious targets have been set relating to the creation of national winners in auto parts/brands, connected car technology, driver assistance, & autonomous systems. Added focus guidelines on new energy vehicles engines, plug-in hybrid engines, fuel cell systems & main components, charging stations, battery manufacturing facilities, & testing equipment.

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Segmentation:

by Type

Passenger Vehicles
Commercial Vehicles
Three Wheelers
Two Wheelers

Key Players:  the key players are

1. Honda
2. Geely Auto
3. Dongfeng Motors
4. Changan Automobile
5. Faw Group
6. Great Wall Motors
7. SAIC-Wuling-GM
8. Byd Auto Co. Ltd
9. Brilliance Auto
10. Chery
11. Lifan Group
12. Green Field Motors
13. Volkswagen
14. HONGQI
15. FAW Group
16. Chana
17. GWM 18.
Qoros
19. XPeng
20. Wuling

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Regional Analysis:

The report has assessed the global Automotive market in the following regions:

• America, North (the United States, Canada)
• European Union (Germany, France, United Kingdom, Russia)
• Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
• Latin America (Brazil, Argentina, Colombia)
• Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)

The report also includes the following:

• The analysis looks at how the Automotive market is expected to grow in the future. Using Porter's five forces analysis to examine several perspectives on the Automotive market
• Analyzing the product type that is most likely to dominate the market and the regions that are most likely to see rapid growth throughout the projected period
• Identify new advancements, Automotive market shares, and the leading market players' strategies.
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Key Questions answered in the Automotive Market Report are:

• Which key trends are likely to emerge in the Automotive market in the forecast period?
• What will be the Automotive market size by 2029?
• Which company had the biggest share in the Automotive market in 2021?