China To Be World's Third Largest Automaker
Within 2 Years
Mumbai,
India - July 14 – Bharat Book Bureau, has added “ China Automobile
Industry Forecast (2006-2010) ” ( http://www.bharatbook.com/detail.asp?id=20042
) to its huge collection of Automotive Reports.
China
is expected to become one of the world's top three largest automakers by 2010.
China will make the automobile industry a pillar of the national economy in the
coming six years, according to a blueprint for national automobile development
in China's 11th Five-Year Plan period ( 2006-2010 ).
In the past 5 years, China’s automotive industry has seen a phenomenal growth.
This growth was expected from a country whose economy has been growing steadily
since the last 15 years and who has a vast base of consumers. The major focus of
this report is to look into the dynamics that is shaping up the Chinese
automotive industry and then to assess what holds for its players in the near
future.
Our research has observed that China’s entry into the World Trade Organization
( WTO ) agreement in the year 2001 gave a major thrust to its automotive
industry. The industry, which was growing at the rate of around 12% prior to the
signing of the agreement, peaked to levels of around 40% within 2 years. This
research work suggests that the unpredictability of the Chinese consumer is a
major concern for the manufacturers. The Chinese customer is not known for brand
loyalty and the falling prices of the products have further added to their
unpredictability.
The research analysts have found that the passenger car and the automotive
component segments will be the major contributors in the future growth of the
industry. Domestic producers are steadily building an export market for the
commercial vehicles and it is likely to grow in future.
REPORT HIGHLIGHTS
- China’s automotive industry in global perspective
- Analysis of the automotive industry dynamics
- Analysis of the industry’s performance on the basis of product segments
- Profiles of the major players in China’s automotive industry
Who should buy this report?
- This report is an excellent decision making tool for the business analysts and
consultants who are closely following the developments in China’s automotive
market
- This report will serve as a basis for the analysis for probable investors who
are interested in investing in a particular product segment within the
automotive market.
- This report is a good decision support tool for the top management operating
in the automotive industry. It provides a holistic view to assess future
strategic directions.
- This report is useful for those people who want to attain a working knowledge
of China’s automotive industry.
