Research and Markets: Government Initiatives Have Provided a Significant Boost to the Chinese Automobile Industry

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9c43a7/china_automobile_s) has announced the addition of the "China Automobile Sector Analysis" report to their offering.

The automobile industry in China has been witnessing an incessant development. With the vast consumer base having more purchasing power, and improved road infrastructure, China has become a renowned name in the global automobile industry. The country's low labor costs and supportive geographical location also make it one of the most attractive destinations for major market players. As per the estimation, carried out in our latest research report, the domestic production of completely built-up units in China will surge at a CAGR of around 19% during 2011-2014.

According to this report, government initiatives have provided a significant boost to the Chinese auto industry, thereby placing it at the forefront on the global automobile arena. During 2010, the demand for passenger cars and commercial vehicles had increased radically in China, which has also been making every possible effort to become the world's leading producer of new energy vehicle.

This report studied how drivers and trends like capacity expansion, joint ventures and investment in new business models are expected to influence the growth of the Chinese automobile industry. It has been observed that the changing lifestyle in tier-II and III cities have pushed the passenger car sales in China. With rising disposable income levels, the sales of luxury cars have also been growing significantly in the country where BMW, Audi and Rolls Royce are prominent players in the segment. Also, the country has been posting a considerable growth in utility vehicle segment, particularly SUVs.

Companies Mentioned:

• General Motors Corporation
• Volkswagen AG
• Toyota Motor Corporation
• Hyundai Motor Company
• Ford Motor Company
• China FAW Group Corporation
• Dongfeng Motor Group Co. Ltd.
• Shanghai Automotive Industry Corporation
• Chery Automobile Co., Ltd.
• Geely Automobiles Holding Co.

For more information visit http://www.researchandmarkets.com/research/9c43a7/china_automobile_s