Chinese Automotive Growth Opportunities, Outlook for 2024

Automotive Chinese Automotive Growth Opportunities, Outlook for 2024 Updated Research Available

Huawei s Cross-industry Partnerships Will Strengthen Electric Vehicle Industry Integration

INDUSTRY
Automotive

RELEASE DATE
10-Apr-2024
REGION
Asia Pacific
DELIVERABLE TYPE
Market Outlook

RESEARCH CODE
MH4C-01-00-00-00
SKU
AU_2024_654
Yes
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Chinese Automotive Growth Opportunities, Outlook for 2024
Published on: 10-Apr-2024 | SKU: AU_2024_654

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This study discusses the automotive industry in China, with a focus on passenger vehicles, including sedans, sports utility vehicles, multi-purpose vehicles, and crossover vehicles. The study also assesses the country’s electric vehicle (EV), charging, and battery swapping infrastructure.

In recent years, the strongest growth factors in the Chinese automotive industry have been the rise of domestic OEM brands and the long-term continuous improvement of and consumer willingness to accept EVs.

Economic conditions, especially GDP growth, significantly affect the Chinese automotive industry, but with the government’s encouragement (issuing consumer vouchers and holding large-scale automotive shows, for example), sales has improved. However, economic recovery has not yet fully resumed, causing relative uncertainty.

In this study, Frost & Sullivan provides the total size of the Chinese automotive industry and historical and forecast data from 2018 to 2024. It also offers the following information:
• Highlights of the Chinese automotive industry in 2023 and future trends in 2024.
• Analysis by segment, including the vehicle and powertrain subsegments.
• Analysis of the rise of Chinese domestic brands

Author: Chan Ming Lih

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™

2023: A Recap

2024: Top 5 Predictions

Important Regulations and Mandates

Important OEM Partnerships, 2023

Emerging Competitors in Related Segments, 2023

Top 10 Trends, 2024

Top 10 Growth Opportunities

Global GDP Growth

Inflation and Interest Rates

Currency Trajectory

Labor Market

Oil Industry

Supply of Critical Minerals

North America

Western Europe

The Middle East

Asia

List of Countries Covered in the Global Economic Outlook, 2024

Scope of Analysis

Segmentation

Definitions

Top Trends that Drove the Chinese Automotive Industry in 2023

Trend 1: Rise of Domestic Stakeholders

Trend 2: Repositioning of Joint Venture Brands

Trend 3: L3 Autonomous Driving and Urban Navigate of Autopilot (NOA)

Growth Metrics

Consumption Indicators, 2023

Key Findings, 2023

Findings by Segment, 2023

Unit Shipment Forecast

PV Sales Trends, 2018–2023

Industry Share Analysis

Sedans

SUVs

MPVs

Cross

BEVs

PHEVs

Public EV Charging Points

EV Battery Swap Stations

Conclusions

Future Outlook

Growth Opportunity 1: Electric Vehicle Growth

Growth Opportunity 1: Electric Vehicle Growth (continued)

Growth Opportunity 2: Rising Chinese Domestic OEMs

Growth Opportunity 2: Rising Chinese Domestic OEMs (continued)

Growth Opportunity 3: Convergence Further Disrupting the EV Industry

Growth Opportunity 3: Convergence Further Disrupting the EV Industry (continued)

Acronyms and Abbreviations

Full Names of Automotive OEMs and Stakeholders

Full Names of Automotive OEMs and Stakeholders (continued)

Your Next Steps

Your Next Steps

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

List of Figures
  • Automotive: Growth Metrics, China, 2023
  • Automotive: Unit Shipment Forecast, China, 2018–2024F
  • Automotive: Industry Share by OEM, China, 2023
  • Automotive: Domestic Brand Share in the PV Segment, China, 2023
  • Automotive: Share by Powertrain Subsegment, China, 2023
  • Automotive: Sedan Unit Shipment Forecast, China, 2018–2024F
  • Automotive: Sedan Unit Shipment Share by OEM, China, 2023
  • Automotive: Top-selling Sedan Models, China, 2023
  • Automotive: SUV Unit Shipment Forecast, China, 2018–2024F
  • Automotive: SUV Unit Shipment Share by OEM, China, 2023
  • Automotive: Top-selling SUV Models, China, 2023
  • Automotive: MPV Unit Shipment Forecast, China, 2018–2024F
  • Automotive: MPV Unit Shipment Share by OEM, China, 2023
  • Automotive: Top-selling MPV Models, China, 2023
  • Automotive: Cross Unit Shipment Share by OEM, China, 2023
  • Automotive: Top-selling Cross Models, China, 2023
  • Automotive: Cross Unit Shipment Forecast, China, 2018–2024F
  • Automotive: BEV Unit Shipment Forecast, China, 2018–2024F
  • Automotive: BEV Unit Shipment Share by OEM, China, 2023
  • Automotive: Top-selling BEV Models, China, 2023
  • Automotive: Top-selling PHEV Models, China, 2023
  • Automotive: PHEV Unit Shipment Share by OEM, China, 2023
  • Automotive: PHEV Unit Shipment Forecast, China, 2018–2024F
  • Automotive: Public EV Charging Point Forecast, China, 2018–2024F
  • Automotive: Public EV Charging Point Share by Operator, China, 2023
  • Automotive: Public EV Charging Points by Location, China, 2023
  • Automotive: EV Battery Swap Station Forecast, China, 2018–2024F
  • Automotive: EV Battery Swap Station Share by Operator, China, 2023
  • Automotive: EV Battery Swap Stations by Location, China, 2023

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This study discusses the automotive industry in China, with a focus on passenger vehicles, including sedans, sports utility vehicles, multi-purpose vehicles, and crossover vehicles. The study also assesses the country s electric vehicle (EV), charging, and battery swapping infrastructure. In recent years, the strongest growth factors in the Chinese automotive industry have been the rise of domestic OEM brands and the long-term continuous improvement of and consumer willingness to accept EVs. Economic conditions, especially GDP growth, significantly affect the Chinese automotive industry, but with the government s encouragement (issuing consumer vouchers and holding large-scale automotive shows, for example), sales has improved. However, economic recovery has not yet fully resumed, causing relative uncertainty. In this study, Frost & Sullivan provides the total size of the Chinese automotive industry and historical and forecast data from 2018 to 2024. It also offers the following information: Highlights of the Chinese automotive industry in 2023 and future trends in 2024. Analysis by segment, including the vehicle and powertrain subsegments. Analysis of the rise of Chinese domestic brands Author: Chan Ming Lih
More Information
Deliverable Type Market Outlook
Author Ming Lih Chan
Industries Automotive
No Index No
Is Prebook No
Keyword 1 Chinese Automotive Sector
Keyword 2 Automotive Market Trends In China
Keyword 3 Automotive Growth In China
List of Charts and Figures Automotive: Growth Metrics, China, 2023~ Automotive: Unit Shipment Forecast, China, 2018–2024F~ Automotive: Industry Share by OEM, China, 2023~ Automotive: Domestic Brand Share in the PV Segment, China, 2023~ Automotive: Share by Powertrain Subsegment, China, 2023~ Automotive: Sedan Unit Shipment Forecast, China, 2018–2024F~ Automotive: Sedan Unit Shipment Share by OEM, China, 2023~ Automotive: Top-selling Sedan Models, China, 2023~ Automotive: SUV Unit Shipment Forecast, China, 2018–2024F~ Automotive: SUV Unit Shipment Share by OEM, China, 2023~ Automotive: Top-selling SUV Models, China, 2023~ Automotive: MPV Unit Shipment Forecast, China, 2018–2024F~ Automotive: MPV Unit Shipment Share by OEM, China, 2023~ Automotive: Top-selling MPV Models, China, 2023~ Automotive: Cross Unit Shipment Share by OEM, China, 2023~ Automotive: Top-selling Cross Models, China, 2023~ Automotive: Cross Unit Shipment Forecast, China, 2018–2024F~ Automotive: BEV Unit Shipment Forecast, China, 2018–2024F~ Automotive: BEV Unit Shipment Share by OEM, China, 2023~ Automotive: Top-selling BEV Models, China, 2023~ Automotive: Top-selling PHEV Models, China, 2023~ Automotive: PHEV Unit Shipment Share by OEM, China, 2023~ Automotive: PHEV Unit Shipment Forecast, China, 2018–2024F~ Automotive: Public EV Charging Point Forecast, China, 2018–2024F~ Automotive: Public EV Charging Point Share by Operator, China, 2023~ Automotive: Public EV Charging Points by Location, China, 2023~ Automotive: EV Battery Swap Station Forecast, China, 2018–2024F~ Automotive: EV Battery Swap Station Share by Operator, China, 2023~ Automotive: EV Battery Swap Stations by Location, China, 2023~
Podcast No
WIP Number MH4C-01-00-00-00