The import of motor vehicle chassis fitted with engines in China is set to grow steadily from 2024 to 2028. Starting at 14.937 million kilograms in 2024, it is forecasted to reach 16.502 million kilograms by 2028. This shows a consistent upward trend with the year-on-year growth in percentage averaging around 2.5%, reflecting a moderate but stable increase. If these trends continue, the five-year Compound Annual Growth Rate (CAGR) from 2024 to 2028 is notably positive.
Future trends to watch for include:
- China’s increasing demand for electric and hybrid vehicles could impact traditional chassis imports.
- Potential trade policy changes and tariffs influencing import volumes.
- Technological advancements in vehicle manufacturing that may change the import needs.