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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
26-Apr-2023
Asia Pacific
Market Outlook
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
Sedan
SUV
MPV
Cross
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
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Popular Topics
| Deliverable Type | Market Outlook |
|---|---|
| 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 |