DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4b6vsw/china) has announced the addition of the "China Multi-purpose Vehicle (MPV) Industry Report, 2014-2017" report to their offering.
China Multi-purpose Vehicle (MPV) Industry Report, 2014-2017 forecasts China's MPV market will maintain a rapid growth rate in the coming years and the sales volume will reach 1.6 million units in 2017.
In 2013, Chinese MPV market grew faster than the overall automobile market and the passenger car market. The MPV output soared 168.73% year on year to 1.32 million units and the MPV sales volume surged 164.53% YoY to 1.31 million units.
From January to April of 2014, China's MPV output and sales volume reached 651,000 units and 625,000 units separately, up 62.05% and 56.86% year on year respectively. In 2013-2014, Chinese MPV witnesses rapid growth, mainly because China Association of Automobile Manufacturers defines SAIC-GM-Wuling's Wuling Hongguang as an MPV model instead of the previous cross-type passenger car model as well as low-cost MPV models are launched.
By nationality, American MPV brands enjoyed 46.53% market share in China in 2013, 7.73 percentage points higher than Chinese counterparts and far higher than Japanese and European brands.
The adjustment in the position of SAIC-GM-Wuling's Wuling Hongguang and the sales growth of GM Buick GL8 were the key drivers. From January to April of 2014, American MPV brands ranked first with the market share of 48.06%, followed by Chinese MPV brands with 40.92%.
Key Topics Covered:
1. Industry's Macro Environment
2 Definition and Classification of Chinese MPV
3 Chinese Passenger Car Market
4 MPV Market
5 MPV Market Segments
6 Major Enterprises
- BAIC Yinxiang
- Changan Automobile
- Dongfeng Honda
- Dongfeng Motor
- FAW Group
- GAC Honda
- GAC Toyota
- Haima Motor
- Jinbei Automotive
- Shanghai GM
- Shanghai Volkswagen
For more information visit http://www.researchandmarkets.com/research/4b6vsw/china