Study of the Fast Growing China Luxury Car Market
Executive Summary
It is projected that the luxury car market in China will grow at an annual rate of 12% in 2014-2020 while the overall passenger car market will grow at 8% . Close to 80% of the Chinese luxury car market is accounted for by Audi, BMW, and Mercedes-Benz while the other players such as Lexus, Infiniti, and Cadillac are working hard to gain market share. Motivations for the purchase of a luxury car in China have changed from flaunting one’s social status to a sense of private indulgence and reflection of one’s self satisfaction at attaining a certain lifestyle. Rising income of China’s young professionals coupled with players introducing lower priced luxury car models are driving the market and while growth rate might not continue to be robust, the market presents a huge opportunity.
Why should the report be purchased?
The report “Study of the Fast Growing China Luxury Car Market” highlights key drivers of and trends emerging in the Chinese luxury cae market. The current market scenario and future prospects of the sector has been examined in detail. The report contains latest industry leaders verbatim.
Research methodology and delivery time
Smart Research Insights has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis. The report is available as single-site single-user license and is available for immediate delivery for soft copy and 3 business days for hard copy, as each hard copy is custom printed for the client.
About Smart Research Insights (SRI)
SRI is a research organization specializing in industry research reports and custom research. Our team of dedicated researchers with rich experience across industry segments focuses on delivering high quality analysis. Undertaking in-depth secondary research we arrive at key insights, which are supported by data that has been analyzed impartially to present a clear picture of the industry. All recent developments and industry opinions which impact the sector dynamics are captured and used to support the research hypothesis.
It is projected that the luxury car market in China will grow at an annual rate of 12% in 2014-2020 while the overall passenger car market will grow at 8% . Close to 80% of the Chinese luxury car market is accounted for by Audi, BMW, and Mercedes-Benz while the other players such as Lexus, Infiniti, and Cadillac are working hard to gain market share. Motivations for the purchase of a luxury car in China have changed from flaunting one’s social status to a sense of private indulgence and reflection of one’s self satisfaction at attaining a certain lifestyle. Rising income of China’s young professionals coupled with players introducing lower priced luxury car models are driving the market and while growth rate might not continue to be robust, the market presents a huge opportunity.
Why should the report be purchased?
The report “Study of the Fast Growing China Luxury Car Market” highlights key drivers of and trends emerging in the Chinese luxury cae market. The current market scenario and future prospects of the sector has been examined in detail. The report contains latest industry leaders verbatim.
Research methodology and delivery time
Smart Research Insights has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis. The report is available as single-site single-user license and is available for immediate delivery for soft copy and 3 business days for hard copy, as each hard copy is custom printed for the client.
About Smart Research Insights (SRI)
SRI is a research organization specializing in industry research reports and custom research. Our team of dedicated researchers with rich experience across industry segments focuses on delivering high quality analysis. Undertaking in-depth secondary research we arrive at key insights, which are supported by data that has been analyzed impartially to present a clear picture of the industry. All recent developments and industry opinions which impact the sector dynamics are captured and used to support the research hypothesis.
1. SYNOPSIS
2. CHINA LUXURY CAR MARKET OVERVIEW
3. PERFORMANCE & MARKET STATISTICS
4. MARKET DRIVERS
5. EMERGING TRENDS
6. COMPETITIVE SCENARIO
7. CHALLENGES
8. OUTLOOK
9. RESEARCH METHODOLOGY
10. ABOUT SMART RESEARCH INSIGHTS
11. LIST OF CHARTS AND GRAPHS
a. Car Production in China from 2010 to October 2014 (in 1,000 units)
b. Top 3 Countries Luxury Car Sales (Million Units, 2012)
c. Top 3 Countries Luxury Car Sales (Million Units, 2020)
d. Growth rate of luxury passenger vehicle sales in China 2008-2015 (compared to the previous year in %)
e. Proportion of Top Luxury Car Manufacturers Sales from China (2013-2014)
f. Reasons for Driving a Luxury Car in China (2014 Survey, % of respondents)
g. China Luxury Cars Market Share by Players (%, 2012)
h. China Luxury Cars Market Share by Players (%, First Half 2014)
i. China Luxury Car Sales by Brands (Units, Jan-Sep 2014)
2. CHINA LUXURY CAR MARKET OVERVIEW
3. PERFORMANCE & MARKET STATISTICS
4. MARKET DRIVERS
5. EMERGING TRENDS
6. COMPETITIVE SCENARIO
7. CHALLENGES
8. OUTLOOK
9. RESEARCH METHODOLOGY
10. ABOUT SMART RESEARCH INSIGHTS
11. LIST OF CHARTS AND GRAPHS
a. Car Production in China from 2010 to October 2014 (in 1,000 units)
b. Top 3 Countries Luxury Car Sales (Million Units, 2012)
c. Top 3 Countries Luxury Car Sales (Million Units, 2020)
d. Growth rate of luxury passenger vehicle sales in China 2008-2015 (compared to the previous year in %)
e. Proportion of Top Luxury Car Manufacturers Sales from China (2013-2014)
f. Reasons for Driving a Luxury Car in China (2014 Survey, % of respondents)
g. China Luxury Cars Market Share by Players (%, 2012)
h. China Luxury Cars Market Share by Players (%, First Half 2014)
i. China Luxury Car Sales by Brands (Units, Jan-Sep 2014)
