Automotive Market Trends, Segmentation, Regional Outlook, Future Plans and Forecast to 2029

Automotive Market in China is expected to grow at a CAGR of 6.49% during the forecast period and is expected to reach US$ 3.24 Tn by 2029.

Automotive Market Overview

The Automotive Market report published by MMR encompasses various segments that offer up-to-date business data and insights into the industry’s future through careful assessment and examination. Titled as the Automotive Market Report 2021, the report categorizes the market by manufacturer, type, application, and region. It provides an in-depth analysis, revenue statistics, and other crucial data about the global Automotive industry. The report also covers various trends, drivers, limitations, opportunities, and threats that the market is expected to face during the forecast period.

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Automotive Market Scope

The Automotive market report covers the forecast period from 2022 to 2029, with 2021 as the base year. The market size in terms of value and volume for 2021 is estimated based on actual figures and outputs of prominent players worldwide. The market trends from the past five years, specifically from 2016, are taken into account while projecting the market outlook for the period of 2022 to 2029. However, the year 2021 is analyzed separately, considering the impact of regional lockdown measures.

Furthermore, the report provides a comprehensive analysis of the Automotive industry, including market segmentation based on product type, applications, end-use, and region. It incorporates an examination of historical market dynamics from 2018 to 2021, enabling readers to compare past trends with the current market scenarios and understand the contributions of key players.

Automotive Market Segmentation

By 2029, the Chinese aftermarket for parts and repairs is projected to grow to $3.24 trillion. With a 70% revenue share in 2022, international and joint venture players dominate the Chinese automobile components market.

The specialist car components market in China is expected to reach $2.08 trillion by 2022, growing at a compound annual growth rate of almost 30%. Even though modifications are essentially forbidden by China’s Road Safety Law, the car modification industry nevertheless thrives in many developed cities. Foreign specialty equipment companies, however, are aware of the market potential. The International Trade Administration continues to discuss aftermarket issues with Chinese industry and government leaders, and it has provided information about how the US maintains control over its aftermarket through specialized equipment. In order to help American specialty parts companies increase their exports to China, the Specialty Equipment Market Association has an MDCP award with ITA.

1. Introduction and Definition
2. Key Findings
3. China Market Value Share Analysis, by Type
4. China Market Size (US$ Mn) Forecast, by Type
5. China Market Analysis, by Type

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Automotive Market Key Players

1. Honda
2. Geely Auto
3. Dongfeng Motors
4. Changan Automobile
5. Faw Group
6. Great Wall Motors
7. SAIC-Wuling-GM
8. Byd Auto Co. Ltd
9. Brilliance Auto
10. Chery
11. Lifan Group
12. Green Field Motors
13. Volkswagen
14. HONGQI
15. FAW Group
16. Chana
17. GWM
18. Qoros
19. XPeng
20. Wuling

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Automotive Market Regional Analysis

The Automotive market report provides comprehensive insights and understanding of the current trends, dynamics, and key issues within the market. It highlights the most significant developments that impact the industry, helping readers stay informed about the latest advancements. The report aids in identifying the crucial information presented and assessing the competitive landscape of major companies, analyzing Automotive market dynamics, and other factors that assist in formulating effective marketing strategies.

Key Questions answered in the Automotive Market Report are:

 

• What is Automotive Market?
• What is the forecast period of the Automotive Market?
• What is the competitive scenario of the Automotive market?
• Which region held the largest market share in the Automotive Market?
• What are the opportunities for the Automotive Market?
• What factors are affecting the Automotive market growth?
• Who are the key players of the Automotive market?
• Which company held the largest share in the Automotive market?
• What will be the CAGR of the Automotive market during the forecast period?
• What key trends are likely to emerge in the Automotive market in the coming years?

 

Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Automotive#
• Landscape- Automotiveing key players and other prominent key players.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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