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New Cars in China

Publisher MarketLine
Published Sep 04, 2025
Length 49 Pages
SKU # MTLN20645496

Description

New Cars in China

Summary

New Cars in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • New cars market includes retail sales/registrations of new passenger cars. The scope of passenger cars covers saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
  • The Chinese new cars market recorded revenues of $755.3 billion in 2024, representing a compound annual growth rate (CAGR) of 2.0% between 2019 and 2024.
  • Market consumption volume increased with a CAGR of 1.4% between 2019 and 2024, reaching a total of 23,050,088.0 Units in 2024.
  • In 2024, the Chinese new cars market grew by 5.3% annually, fueled by increased per capita disposable income. According to the Chinese National Bureau of Statistics (NBS), in 2024, the per capita disposable income in China reached CNY41,314 ($5,740.2), reflecting a 5.3% nominal increase from 2023. This rise in income has positively influenced consumer purchasing power and demand for new cars.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in China
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in China
  • Leading company profiles reveal details of key new cars market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the China new cars market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the China new cars market by value in 2024?
  • What will be the size of the China new cars market in 2029?
  • What factors are affecting the strength of competition in the China new cars market?
  • How has the market performed over the last five years?
  • Who are the top competitors in China's new cars market?

Table of Contents

49 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strengths of the leading players?
7.4. What strategies do the leading players follow?
7.5. What are the recent developments in the market?
8 Company Profiles
8.1. Toyota Motor Corp
8.2. Volkswagen AG
8.3. SAIC Motor Corp Ltd
8.4. Geely Automobile Holdings Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: China new cars market value: $ billion, 2019-24
Table 2: China new cars market volume: units, 2019-24
Table 3: China new cars market geography segmentation: $ billion, 2024
Table 4: China new cars market value forecast: $ billion, 2024-29
Table 5: China new cars market volume forecast: units, 2024-29
Table 6: China new cars market share: % share, by volume, 2024
Table 7: Toyota Motor Corp: Key Facts
Table 8: Toyota Motor Corp: Annual Financial Ratios
Table 9: Toyota Motor Corp: Key Employees
Table 10: Volkswagen AG: Key Facts
Table 11: Volkswagen AG: Annual Financial Ratios
Table 12: Volkswagen AG: Key Employees
Table 13: Volkswagen AG: Key Employees Continued
Table 14: SAIC Motor Corp Ltd: Key Facts
Table 15: SAIC Motor Corp Ltd: Annual Financial Ratios
Table 16: SAIC Motor Corp Ltd: Key Employees
Table 17: Geely Automobile Holdings Ltd: Key Facts
Table 18: Geely Automobile Holdings Ltd: Annual Financial Ratios
Table 19: Geely Automobile Holdings Ltd: Key Employees
Table 20: China Size of Population (Million), 2020-24
Table 21: China Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: China GDP (Current Prices, $ Billion), 2020-24
Table 23: China Inflation, 2020-24
Table 24: China Consumer Price Index (Absolute), 2020-24
Table 25: China Exchange Rate, 2019-24
List of Figures
Figure 1: China new cars market value: $ billion, 2019-24
Figure 2: China new cars market volume: units, 2019-24
Figure 3: China new cars market geography segmentation: % share, by value, 2024
Figure 4: China new cars market value forecast: $ billion, 2024-29
Figure 5: China new cars market volume forecast: units, 2024-29
Figure 6: Forces driving competition in the new cars market in China, 2024
Figure 7: Drivers of buyer power in the new cars market in China, 2024
Figure 8: Drivers of supplier power in the new cars market in China, 2024
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in China, 2024
Figure 10: Factors influencing the threat of substitutes in the new cars market in China, 2024
Figure 11: Drivers of degree of rivalry in the new cars market in China, 2024
Figure 12: China new cars market share: % share, by volume, 2024

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