Key Market Indicators
China is projected to have around 28.98 million vehicle registrations by 2026, up from 25.33 million in 2021. This represents a growth rate of 1.7% on average each year. Since 2010, the Chinese market has declined by 2% each year. Meanwhile, Chinese Vehicle Production is expected to reach 35.63 million units by 2026, up from 30.35 million units in 2021. This equates to a yearly growth rate of 2.5% on average. Since 2002, Chinese supply has increased by 1.5% each year. The United States, Japan, and India are in second, third and fourth place respectively in this ranking.
China Motor Vehicle Market Data and Forecasts
What is the size of the Chinese Motor Vehicle Market in 2022?
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