(1888PressRelease)
July 22, 2006 - 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.
For more information regarding this, please visit
http://www.bharatbook.com/detail.asp?id=20042
Email : info ( @ ) bharatbook dot com
###
