Prospective growth in automobile industry of China: Ken Research

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Prospective growth in automobile industry of
China Ken Research
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Ken Research has recently announced its latest
publication, Research Report On Automobile
Distribution Industry, 2017-2021 which aims at
provides in-depth market analysis, information
and insights into the automobile industry. It
describes Automobile industry's growth prospects
by segment and category and outlines a
comprehensive overview of the developing economy
of China and demographics.
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It further provides the detailed competitive
setting, distribution channels and regulatory
policies in the Automobile industry of China.
Economic Environment of China In the last few
decade China has shown an astounding change in
its economy due to the change and introduction of
economic reforms and due to its inclusion in WTO
in 2001, Chinas economy has attracted worldwide
attention. Since then it has become manufacturing
hub where the industrial sector proved to be the
largest contributor of the growth in the GDP. Due
to above mentioned facts China was also proved
to be better than other countries n survived the
economic crisis during 2008, due to its strong
position.
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In case of automobile sector, China is the
largest manufacturer of it since a decade and is
showing a sturdy growth year by year. China
outstripped the United States in 2010 to become
the worlds largest market for new vehicles. The
incursion rate of the automobile market in China
is still quite low and offers great impending for
the future, in spite of the confines imposed on
some cities. Urbanization and the emerging middle
class will drive the development of Chinas auto
industry. Industrial Overview Automobile
industry is the sector which deals with the
production, development, designing, sales and
distribution of motor vehicles. It has been the
largest contributor to the Chinese economy and
China stands as the largest manufacturer of
automobile industry way above the US industry.
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The key contributor of this ranking is the cheap
labour of China which boosts the production
sector of automobile industry of China and thus
with growing demand the sales of the same, thus
going with the tuneful progress in this sector.
The other reason for such results is due to the
lethargic growth in the low end cities which
gives the whole sovereignty to the 3 and 4 tier
cities which raised its production as the sales
will also follow the same pattern due to less
competition. Thus due to the monopoly of the 3
and 4 tier cities the production and distribution
rate is more or less congruent to each other
making it no loss situation for the auto giants.
The other reason is the concept of O2O market
which helps the consumer to see and pay for the
commodity online and then directs them to real
and offline world.
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Thus due to the factors of easy to consumers and
harmonious progression of sales and production of
automotives, China has emerged to be the
automotive giant in the sector of automobile
industry. China automobiles production reached
to 28.119 million whereas sales was close to
28.028 million units in 2016 Production and
sales registered growth of 14.5 and 13.7
respectively as compared to previous year. China
Passenger vehicles production recorded volume
output of 24.421 million followed by sales volume
of 24.377 million with a growth of 15.5 and
14.9 respectively in 2016. Passenger vehicles
with engines sales volume reached to 1.6 liter in
2016.
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• Key topics covered in report
• Automobile industry
• Growth and economy correlates
• Reasons for such growth
• Trends in low end and high end cities
• E-commerce and O2O potential benefits
• Future trends in further years
• Production and sales congruence
• Conclusion
• China is on the top of the charts for the
  automobile sector and the reasons that contribute
  towards such result is the attention the Chinese
  economy caught due to WTO inclusion in 2001 and
  the cheap labour that contributes towards the
  manufacturing sector of China.

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Other factors such as E-commerce and O2O market
also further adds up to the basket making it a
colossal automobile industry. Key Factors
Considered in the Report China Automobile
Industry Research Report Automobile Industry
Future Outlook China China Passenger Vehicle
Market Research China Automobile Production
Output China Automobile Sales Volume Distribution
Modes Of Automobiles In China China Automobile
Industry Competition
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For more coverage click on the link
below https//www.kenresearch.com/automotive-tra
nsportation-and-warehousing/automotive-and-automot
ive-components/research-report-automobile-distribu
tion-industry/81315-100.html Contact UsKen
ResearchAnkur Gupta, Head Marketing
Communications Ankur_at_kenresearch.com91-90153782
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