|
|
Chinese Markets for Automotive ElectronicsPublished by: Asia Market Information & Development Company Published: Jun. 1, 2006 - 278 Pages Table of Contents
AbstractChina’s rapidly increasing output of automotive electronics market was stimulated by its two-decade high economic growth, especially the continuously rising demand.The living standard in China has improved significantly since the economic reform. An increasing number of high-income families have gained wealth that enables them to purchase high-priced item, such as automobiles, therefore it booms the automotive electronics industry. In 2005, the total number of households reached 375 million and will advance annually 3.3% to 441 million by the year 2010. Although the national per capita income was 11,300 Yuan (RMB) in 2005, the high-income middle class families with annual incomes of over 6,000 Yuan (RMB) have been increasing dramatically. It is forecast that the number of high-income families will advance to 15,849 by the year 2010, growing 3.3%% annually. These high-income families are either private car owners or intent to purchase cars. It is projected that the demand for automotive component products will remain at a high growth rate as the incomes of entrepreneurs and middle class families in China continue to rise rapidly. As is shown in the figure, the Chinese automotive electronics industry is still in a developing stage. Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||