Forecast The Passenger Vehicle Market in China To Grow At a CAGR Of 5.39% During The Period 2017-2020
ResearchMoz presents professional and in-depth study of "Passenger Vehicle Market in China 2016-2020". China is leading the global automotive industry since 2009, when it overtook the US in terms of total vehicle production. China represents one of the fastest-growing auto industries and is one of the key regions for original equipment manufacturers (OEMs) across the globe. Passenger cars are a key segment of the automotive industry in China. This segment constituted more than 80% of the total automotive industry (passenger cars commercial vehicles). The year 2015 recorded sales of 21.15 million vehicles in China, led by sedans and small cars, followed by SUV/crossovers, MPV, and luxury car segments, respectively. Technavios analysts forecast the Passenger Vehicle Market in China to grow at a CAGR of 5.39% during the period 2016-2020. Covered in this report The report covers the present scenario and the growth prospects of the Passenger Vehicle Market in China for 2016-2020