The market is dominated by domestic suppliers, as imports account for 7.2% of total market size in 2023. B2B drives market demand, with B2B spending representing 95.3% of total demand in 2023. China has the largest market size for motor vehicles and parts regionally, with demand reaching USD1.5 trillion in 2023. FAW-Volkswagen Automotive Co Ltd is the largest company in China, generating 4.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 13.0% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 1.3% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 3.6% of production value in 2023, the 17th highest regionally. The industry’s exports share decreases in 2023 to 4.2% of total production output. With production value of USD1.3 trillion, China accounts for 56.8% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Motor Vehicles and Parts in China: ISIC 34. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motor Vehicles and Parts in China: ISIC 34 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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