NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/06/22 - Fast developing economy and improving passenger transport network in China will drive the commercial vehicles production to grow around 7% during 2010-2012, says RNCOS.
According to our latest research report “China Automobile Sector Forecast to 2012”, China produced a total of 9.3 Million vehicles in 2008, surpassing the United States as the 2nd largest automobile maker after Japan. The country sustained its double digit automobile production growth in 2009 also on account of increasing domestic demand and surging exports. The commercial vehicle segment, which saw weak market performance across the world, experienced positive year-on-year growth in 2009. The research has further revealed that the segment will continue to post staggering market performance in the years to come on the basis of various supporting factors analyzed in the report.
The report has identified that China is planning to increase its expressway connectivity in rural and urban areas by 2010. The length of China expressway, as of 2007, was about 53,900 Km, and the government is planning to raise the connectivity to 65,000 Km by 2010 end. The improving transportation infrastructure is anticipated to trigger commercial vehicle demand in the country and will ultimately result in high commercial vehicle production.
Apart from commercial vehicles, other segments including passenger cars, alternative fuel vehicles, and two wheelers have also been experiencing rapid market developments for the past few years. Large population base, growing middle class population and rapid urbanization will further fuel demand for these automobile segments in coming years.
“China Automobile Sector Forecast to 2012” is an outcome of extensive research and thorough analysis of the burgeoning automobile industry in China and its components. The report also discusses the market structure, current and past market performance and factors critical to the success of the concerned industry in China. We have also identified all the key players in the Competitor Analysis section of the report. The section talks about the business profile of the leading players operating in the sector.
Most importantly, the report has given the industry forecast based on correlation of past drivers, challenges and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the Chinese automobile industry and will prove decisive for clients.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.