As of 2023, China had 101.5 thousand full-time equivalent researchers in the manufacture of motor vehicles, trailers, and semi-trailers. The forecast for 2024 projects an increase to 104.27 thousand, marking a 2.73% growth from the previous year. This upward trend continues through 2028, reaching 114.53 thousand researchers. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected to be 2.36%, reflecting steady growth in the sector.
Future trends to watch for:
- Technological advancements in electric vehicles, which may drive an increased demand for specialized researchers.
- Influence of global market dynamics and trade policies on the automotive industry in China.
- China's increasing emphasis on sustainability and its potential effects on research focus and funding.