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(EMAILWIRE.COM, March 22, 2010 ) New Delhi, India - RNCOS, a leading market research company, has evaluated the Chinese automobile industry potentials in its report “China Automobile Sector Forecast to 2012”. The report reveals that the Chinese automobile market has shown strong resistance against economic slowdown and is further poised for rapid expansion.
The conceptual analysis and careful evaluation of the automobile industry indicates to some critical growth catalysts shaping the industry current scenario and future prospects. The report has found that China produced a total of 9.3 Million vehicles vehicles in 2008, surpassing the United States and became the 2nd largest automobile maker after Japan. Several factors like cheap labor cost, favorable government policies and concrete market fundamentals supported the automobile industry growth. Moreover, these factors will enable the industry to register one of the worldÂ’s fastest automobile production growth during our forecast period.
Foreign-branded passenger cars dominate the Chinese market, accounting for almost three-fourth of total passenger car sales in 2008. However, domestic manufacturers are intensifying their activities to expand their product lines in the medium-and lower-end segments. Domestic manufacturersÂ’ efforts to enhance their share in passenger car sales have led to high market competition. The report has found that the domestic demand will continuously encourage the existing as well as new market entrants to tap the lucrative growth opportunities, which will ultimately transform into all-around market developments.
According to a Senior Research Analyst at RNCOS, “New energy vehicles like electric and hybrid-electric vehicles are also expected to receive a big boost in the Chinese automobile market due to government initiatives. Many domestic and foreign players are making huge investments in this segment to take full advantage of growth opportunities.”
“China Automobile Sector Forecast to 2012” provides comprehensive information and facilitates cutting edge market intelligence of the automobile industry in China. The report provides rational analysis and quantitative data of all prominent market segments such as passenger cars, commercial vehicles, two-wheelers, alternative fuel vehicles and auto component market. The report also contains information of different vertical industry segments like motor insurance, used vehicle market, biofuel industry and GPS industry.
The report also discusses factors contributing to the growth of automobile industry in China. It also includes forecast for all the industry segments to give a rough idea of the industry future direction.
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
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