China Automotive Outlook 2023

China Automotive Outlook 2023

Domestic Brands Gain Market Share Across Vehicle and Powertrain Segments as Electrification and Cross-Industry Partnerships Intensify

RELEASE DATE
26-Apr-2023
REGION
Asia Pacific
Research Code: PE9F-01-00-00-00
SKU: AU02514-AP-MO_27566
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Description

This study assesses the automotive market in China, focusing on the passenger vehicle (PV) market. Within this, Frost & Sullivan will also discuss electric vehicles (EVs), charging, and battery swapping.

China’s automotive market has proliferated, particularly after the 2008 Beijing Olympics. The unit shipment of China’s PV market has consistently exceeded 20 million since 2015.

The data from this study showed that sales in China’s automotive market declined from 2017 to 2020, challenged by the US-China trade war and the COVID-19 pandemic. With the government’s multi-year push-pull strategies, the EV segment has grown rapidly since 2021. In 2022, automotive sales rebounded to 23.5 million because of the resuming purchase power and the government gradually lifting the movement control.

Domestic brands have gained more share than international brands in multiple vehicle segments. For example, the proportion of domestic brands in total automotive sales increased from 44.4% in 2021 to 50% in 2022, with a unit shipment of 11.7 million vehicles in 2022.

In this research service, Frost & Sullivan provides the total size of the Chinese automotive market and historical and forecast data from 2017 to 2023. Other information includes:
• Highlights of China’s automotive industry in 2022 and future market trends in 2023
• Analysis by segment, including the vehicle and powertrain subsegments
• Connected and autonomous vehicles

Author: Ming Lih Chan

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Chinese Automotive Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

A Recap of 2022

Top 5 Predictions for 2023

Notable Regulations and Mandates

Key OEM Partnerships in 2022

Emerging Competitors in Related Markets

Top 5 Global Economic Highlights of 2022

Top 5 Global Economic Highlights of 2023

Global GDP Growth Expectations

Recessionary/Slowdown Expectations for Major Economies

Global GDP Growth Snapshot

Advanced Economy Predictions for 2023

Emerging Economy Predictions for 2023

2023 Regional Risks and Policy Direction

2023 Top Growth Opportunities by Region

Research Scope

Scope of Analysis

Segmentation

Definitions

Top Trends Driving the Chinese Automotive Market

Trend 1—Electrification

Trend 2—Intelligent Connected Vehicle (ICV)

Trend 3—Smart Cabin

Growth Metrics

Consumption Indicators

Findings

Findings by Segment

Unit Shipment Forecast

Passenger Vehicle Sales Trend

Market Share Analysis

Battery Electric Vehicles

Plug-in Hybrid Electric Vehicles

Public EV Charging Points

EV Battery Swap Stations

Connected and Autonomous Vehicles

Growth Opportunity 1—EV Sales

Growth Opportunity 1—EV Sales (continued)

Growth Opportunity 2—PHEVs Boost EV Sales

Growth Opportunity 2—PHEVs Boost EV Sales (continued)

Growth Opportunity 3—Integrated Turnkey Solutions for Gravity Die Casting Will Further Disrupt the EV Market

Growth Opportunity 3—Integrated Turnkey Solutions for Gravity Die Casting Will Further Disrupt the EV Market (continued)

Conclusions

Conclusions and Future Outlook, 2022

Acronyms and Abbreviations

Full Names of Automotive OEMs and Companies

Full Names of Automotive OEMs and Companies (continued)

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

This study assesses the automotive market in China, focusing on the passenger vehicle (PV) market. Within this, Frost & Sullivan will also discuss electric vehicles (EVs), charging, and battery swapping. China’s automotive market has proliferated, particularly after the 2008 Beijing Olympics. The unit shipment of China’s PV market has consistently exceeded 20 million since 2015. The data from this study showed that sales in China’s automotive market declined from 2017 to 2020, challenged by the US-China trade war and the COVID-19 pandemic. With the government’s multi-year push-pull strategies, the EV segment has grown rapidly since 2021. In 2022, automotive sales rebounded to 23.5 million because of the resuming purchase power and the government gradually lifting the movement control. Domestic brands have gained more share than international brands in multiple vehicle segments. For example, the proportion of domestic brands in total automotive sales increased from 44.4% in 2021 to 50% in 2022, with a unit shipment of 11.7 million vehicles in 2022. In this research service, Frost & Sullivan provides the total size of the Chinese automotive market and historical and forecast data from 2017 to 2023. Other information includes: • Highlights of China’s automotive industry in 2022 and future market trends in 2023 • Analysis by segment, including the vehicle and powertrain subsegments • Connected and autonomous vehicles Author: Ming Lih Chan
More Information
Author Ming Lih Chan
Industries Automotive
No Index No
Is Prebook No
Keyword 1 China Automotive Industry
Keyword 2 China Automotive Industry Trends
Keyword 3 Car Industry Analysis
Podcast No
WIP Number PE9F-01-00-00-00