Luxury Car Market in China will Grow at an Annual Compounded Rate of 12%

Date: 2015-08-13

The global luxury car market has seen been relatively untouched by the financial crisis and has been posting growth driven by the emerging markets. The three German players BMW, Audi and Mercedes-Benz account for approximately 80% share of the global luxury car market. While BMW is the global leader, there is stiff competition between the three players

Post a six year decline now there is optimism for Europe where the luxury car market was expected to expand by 2% in 2014 China became the largest auto market in the world in 2009, leaving the US behind. Be it passenger cars or luxury, China is the new focus market for auto manufacturers around the world. It is projected that the luxury car market in China will grow at an annual compounded  rate of 12% in 2014-2020 while the overall passenger car market will grow at 8%.

The report ‘Analyzing the Global Luxury Car Market 2014-2020” highlights key dynamics of the global luxury car market. The growing opportunity in the sector has been investigated along with analysis of the four major markets of luxury cars: United States, Europe, China and India. The Initiatives and performance of key global players along with current market scenario has also been studied. The report contains latest industry leaders verbatim.

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