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China Luxury Car Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The China luxury car market size reached US$ 143 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 233 Billion by 2027, exhibiting a growth rate (CAGR) of 8.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A luxury car represents a range of categorized advanced vehicles equipped with enhanced capacities, lavish interiors, and the latest safety technologies to provide optimal comfort to passengers and drivers. As compared to moderately priced conventional automobiles, it is more sophisticated and offers superior competence and a higher amount of convenience. Apart from this, a luxury car is more aesthetically appealing, customizable, and comprise Bluetooth or wireless fidelity (Wi-Fi) entertainment systems, anti-lock brakes, sensors, and cameras. These devices optimize overall vehicle performance and reduce the risk of accidents by providing a rear view and security alerts. Currently, luxury cars are commonly available in commercial and passenger vehicles with different propulsion types. 

China Luxury Car Market Trends:

The market in China is majorly driven by the increasing offerings of tangible luxurious properties within automobiles and the shifting consumer inclination toward branded autonomous luxury vehicles over conventional transportation modes. This is further influenced by the inflating disposable income and the rising awareness amongst consumers regarding the benefits of luxury cars, including safety, resale value, prestige, coexistent beauty and comfort, state-of-the-art technology, and the potential to add individual style. In line with this, the growing need for a comfortable driving experience and enhanced security systems to ensure passengers’ optimal safety is acting as another growth-inducing factor. Additionally, the favorable green initiatives being undertaken by the People’s Republic of China and environmental agencies to promote the uptake of sustainable transportation modes, such as premium electric vehicles (EVs), to reduce greenhouse gas (GHG) emissions are propelling the market growth. Moreover, the large-scale integration of artificial intelligence (AI) and machine learning (ML) solutions with automatic security, seat massager, and entertainment systems are contributing to the market growth. Other factors, such as the rapid expansion in the automotive sector and strategic collaborations amongst original equipment manufacturers (OEMs) and key players to engineer luxury cars with enhanced performance, are positively stimulating the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the China luxury car market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on vehicle type, fuel type, price range and engine capacity.

Breakup by Vehicle Type:

  • Hatchback
  • Sedan
  • Sports Utility Vehicle
     

Breakup by Fuel Type:

  • Gasoline
  • Diesel
  • Electric
     

Breakup by Price Range:

  • Entry-Level
  • Mid-Level
  • High-End
  • Ultra
     

Breakup by Engine Capacity:

  • Up to 3,000 CC
  • Above 3,000 CC
     

Breakup by Region:

  • Guangdong
  • Jiangsu
  • Zhejiang
  • Henan
  • Sichuan
  • Shanghai
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Vehicle Type, Fuel Type, Price Range, Engine Capacity, Region
Region Covered Guangdong, Jiangsu, Zhejiang, Henan, Sichuan, Shanghai
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the China luxury car market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the China luxury car market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the fuel type?
  • What is the breakup of the market based on the price range?
  • What is the breakup of the market based on the engine capacity?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the China luxury car market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    China luxury Car Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Vehicle Type
    6.1    Hatchback
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Sedan
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Sports Utility Vehicle
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Fuel Type
    7.1    Gasoline
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Diesel
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Electric
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Price Range
    8.1    Entry-Level
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Mid-Level
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    High-End
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Ultra
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Engine Capacity
    9.1    Up to 3,000 CC
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Above 3,000 CC
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    Guangdong
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Jiangsu
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Zhejiang
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Henan
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Sichuan
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Shanghai
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Others
        10.7.1 Market Trends
        10.7.2 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Policy and Regulatory Landscape
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players

List of Figures

Figure 1: China: luxury Car Market: Major Drivers and Challenges
Figure 2: China: luxury Car Market: Sales Value (in Billion US$), 2016-2021
Figure 3: China: luxury Car Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: China: luxury Car Market: Breakup by Vehicle Type (in %), 2021
Figure 5: China: luxury Car Market: Breakup by Fuel Type (in %), 2021
Figure 6: China: luxury Car Market: Breakup by Price Range (in %), 2021
Figure 7: China: luxury Car Market: Breakup by Engine Capacity (in %), 2021
Figure 8: China: luxury Car Market: Breakup by Region (in %), 2021
Figure 9: China: luxury Car (Hatchback) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: China: luxury Car (Hatchback) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: China: luxury Car (Sedan) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: China: luxury Car (Sedan) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: China: luxury Car (Sports Utility Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: China: luxury Car (Sports Utility Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: China: luxury Car (Gasoline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: China: luxury Car (Gasoline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: China: luxury Car (Diesel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: China: luxury Car (Diesel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: China: luxury Car (Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: China: luxury Car (Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: China: luxury Car (Entry-Level) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: China: luxury Car (Entry-Level) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: China: luxury Car (Mid-Level) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: China: luxury Car (Mid-Level) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: China: luxury Car (High-End) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: China: luxury Car (High-End) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: China: luxury Car (Ultra) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: China: luxury Car (Ultra) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: China: luxury Car (Up to 3,000 CC) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: China: luxury Car (Up to 3,000 CC) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: China: luxury Car (Above 3,000 CC) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: China: luxury Car (Above 3,000 CC) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Guangdong: luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Guangdong: luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Jiangsu: luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Jiangsu: luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Zhejiang: luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Zhejiang: luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Henan: luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Henan: luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Sichuan: luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Sichuan: luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Shanghai: luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Shanghai: luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Others: luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Others: luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: China: luxury Car Industry: SWOT Analysis
Figure 48: China: luxury Car Industry: Value Chain Analysis
Figure 49: China: luxury Car Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: China: luxury Car Market: Key Industry Highlights, 2021 and 2027
Table 2: China: luxury Car Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: China: luxury Car Market Forecast: Breakup by Fuel Type (in Million US$), 2022-2027
Table 4: China: luxury Car Market Forecast: Breakup by Price Range (in Million US$), 2022-2027
Table 5: China: luxury Car Market Forecast: Breakup by Engine Capacity (in Million US$), 2022-2027
Table 6: China: luxury Car Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: China: luxury Car Market: Competitive Structure
Table 8: China: luxury Car Market: Key Players


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