China Accounts 20% of Global Automobile Sales

Online, February 18, 2010 (Newswire.com) - As per a recently published report on China's Automobile Industry "China Automobile Industry by 2013", China has accounted nearly 20% of global automobiles sales.

Growing economy and various stimulus packages offered by the Chinese government are the major driving force behind the growth of automobile industry in China. Automobile sales in China is expected to increase at a healthy rate of over 12% in coming years.

Passenger car is a major segment in automobile industry in China. It accounts for over 75% of the total automobile market. In coming years passenger cars sales are expected to grow further & it is expected to cross 17 Million units mark in coming 4 years.

As per research China accounts nearly 20% of the global automobile sales. In coming years this share is expected to grow further & it is expected to reach 25% by 2013.

In coming years with the growth of automobile industry auto component industry is expected to see a huge growth. Many global players have already established in the Chinese market and they are expanding their operations in the country.

"China Automobile industry by 2013" report provides an insight into the Chinese automobile industry. It evaluates the past, present and future scenario of the Chinese automobile industry. Report deeply analysed the different segments of automobile industry, including passenger cars market, commercial vehicles market, two-wheeler market, auto component market, used vehicles market etc.

Report provides the future forecast till 2013 for the automobile industry in China and its segments including passenger car, commercial vehicle, two-wheeler, auto component and used vehicle. Report also covers the major domestic players in the Chinese automobile industry.

http://www.researchandmarkets.com/research/ef7f81/china_automobile_i