Thursday, May 20, 2010

China Automobile Production to Grow at 17% CAGR

According to our report “China Automobile Sector Forecast to 2012”, China's automobile industry has been growing rapidly since 2000. Despite the economic slowdown, the automobile sector in China posted double-digit growth rate in 2008. With total sales of 3.84 Million vehicles, China became the largest automobile market in the world for the first four months of 2009.

The government has taken many initiatives to combat the effect of crisis and boost the automobile sales in the country. Our report explains all those initiatives in detail along with their impact on the industry. With the government's supportive policies, the automobile production in China is expected to grow at a CAGR of 17% during 2009-2012. Moreover, the passenger car segment of the industry, which serves a large consumer base, contributed a major share in the domestic automobile sector in 2008.

The report also discusses about the hybrid cars and solar cars. China is one of the most lucrative markets in the green car vehicle segment. The rising fuel prices and the harmful effects of emission from cars lead to a great opportunity for the growth of the green vehicle segment.

Our report “China Automobile Sector Forecast to 2012” covers various aspects of the Chinese automobile market. It gives detailed analysis of the Chinese automobile market and its various segments including passenger vehicle, commercial vehicle, utility vehicle, two wheeler and auto component. The report also highlights all the current and future market trends as well as developments going on in the Chinese automobile market. Most importantly, the report forecasts immense opportunities for automobile manufacturers and players of automobile component industry in China.

Our team of industry experts has also done a comprehensive analysis of the alternative fuel vehicle industry as well as its future outlook in the country. The study evaluates the various growth avenues available for the country's automobile market, which include motor insurance industry, steel industry, used vehicle market, automotive electronic market, biofuel industry, etc.
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