TechNavio today launched its report Passenger Vehicle Market in China 2011“2015 based on an in-depth study focusing exclusively on China. The report aims to aid decision makers™ understanding of the present and the future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Automotive team said; The demand for small cars is continuously on the rise, and this trend is expected to continue in the near future. Affordability and the shift toward consumer versus institutional sales will continue to drive the development of smaller cars in the coming years. China’s need for oil will place increasing pressure on energy conservation and accelerate development of fuel-efficient small cars. In addition, Chinese government initiatives to promote fuel-efficient cars will further provide impetus for the development of small cars in the near future.
According to the report, the pace of vehicle ownership expansion in China has important implications for the growth of the Passenger Vehicle market in China. It is estimated that automobile ownership in China will rise explosively by 2020.
Further, the report also discusses that traffic congestion is a major challenge for the growth of the Passenger Vehicle market in China.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/passenger-vehicle-market-china-2011-2015
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TechNavio Announces the Publication of its Report “ Passenger Vehicle Market in China 2011“2015
