NewswireToday - /newswire/ -
Delhi, India, 2008/05/22 - The report analyzes the small car market in India, China and Japan, besides providing an overall view of the global market. The report also profiles the major small car manufacturers, with a discussion of their key business strategies.
The majority of growth in the global automobile industry in the coming decade will come from emerging economies such as India, China and Eastern Europe. And the largest contribution to growth of auto market in these countries will be the fast-growing small car segment. The increasing disposable of middle class population is the key driver of small car market in developing nations. However, in developed regions like the US and Western Europe, stringent environmental standards are increasing the need for more fuel-efficient cars.
India is likely to evolve into a global hub for small-car manufacturing. Currently, India is one of the largest producers of small cars with the small car segment accounting for about three-fourths of the Indian car market. The fast-growing small-car market has encouraged several global auto companies (Renault Nissan, Toyota, Hyundai) to announced plans for launch of small cars in India. With the launch of Tata Nano, the stage is set for around a dozen new small and compact cars to be launched in India in the next two years. Maruti Suzuki India, largest passenger car manufacturer in India, has more than sixty percent share of the domestic small car segment.
The small car demand in China, was not very encouraging 2007, but is expected to bounce back in 2008. The narrow price gap between small car segment and medium car segment has made medium segment cars a more attractive choice for consumers.
Mini-cars account for more than one-third of the total volume sales in the Japanese auto market. Suzuki and Daihatsu are the market leaders in the small car market in Japan. A large number of Japanese consumers are moving from luxury cars to mini-cars due to environmental standards and increasing gas prices.
The report broadly includes the following:
List of Tables
US Passenger Vehicle Classification System
Car Classification System in India
Passenger Vehicle Sales in India by Manufacturer (2007-08)
Leadership by Car Segments in India
Upcoming Models in India
Maruti Suzuki Passenger Car Sales (2007-08)
Tata Motors Passenger Car Sales (2007-08)
Daihatsu Vehicle Production (2004-07)
Indian Automobile Production (2001-07)
Indian Automobile Domestic Sales (2001-07)
Indian Automobile Exports (2001-07)
List of Charts
CV & PV Production in Developed Vs Developing Regions (2006)
Global Auto Market – Small Car Sales & Share (2005-12E)
Breakdown of Car Market by Segments (2003-10E)
Indian Passenger Car Sales - Market Share (2007)
Indian Small Car Sales - Market Share (2007)
Comparative Vehicle Sales in Japan, China & US (2006)
Chinese Passenger Car Market Share (2007)
Chinese Market Share of Car Segments (Q204-Q207)
Chinese Model Count by Segment (2004-07)
Japanese Passenger Car Market Share (2007)
Japanese Mini-Vehicle Market Share (2002-06)
Japanese Mini-Vehicle Market (1997-12E)
Comparison of Average Cost per Vehicle in Japan
About Koncept Analytics
Founded in 2005, Koncept Analytics (konceptanalytics.com) works with the clients in developing an understanding of the various industries – segments and sub-segments, companies, competitors and suppliers.