How big is the China Luxury Car Market?

The China Luxury Car Market size is expected to reach USD 154.67 billion in 2024 and grow at a CAGR of 3.25% to reach USD 181.49 billion by 2029. Read More

What is the current China Luxury Car Market size?

In 2024, the China Luxury Car Market size is expected to reach USD 154.67 billion. Read More

Who are the key players in China Luxury Car Market?

Lexus (Toyota Motor Corporation), Daimler AG (Mercedes-Benz), Volkswagen Group (Audi AG), Zhejiang Geely Holding Group, BMW AG and Lexus (Toyota Motor Corporation) are the major companies operating in the China Luxury Car Market. Read More

What years does this China Luxury Car Market cover, and what was the market size in 2023?

In 2023, the China Luxury Car Market size was estimated at USD 149.64 billion. The report covers the China Luxury Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Luxury Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What trends are influencing the China Luxury Car Market?

Key trends that are influencing the China luxury car market are a) Increasing adoption of electric vehicles (EVs) b) Integration of advanced technologies like Artificial Intelligence (AI) and Internet of Things (IoT) c) Growing emphasis on sustainable and environmentally friendly vehicles Read More

What are the key challenges faced by the China Luxury Car Market?

Major challenges faced by the China Luxury Car Market are a) Regulatory pressures, especially related to emissions and vehicle imports b) Intense competition in the market c) Need to adapt to rapidly changing technology Read More

China Luxury Car Market Trends | Industry Analysis, Size & Forecast Report

China Luxury Car Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers China’s Luxury Car Market. It is Segmented by Vehicle Body Style (Hatchbacks, Sedans, Sports Utility Vehicles (SUVs), and Multi-Purpose Vehicles (MPVs)) and Powertrain Type (IC Engine Vehicles and Electric Vehicles). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

China Luxury Car Industry Overview

The Chinese luxury car market is consolidated and led by global and regionally established players. These companies adopt strategies such as new product launches, collaborations, and mergers to sustain their market positions. For instance,

In January 2024, the new BMW 5 Series Sedan and the new BMW i5 were launched in China. The new edition of the Business Sedan is expected to be available in China for the first time with both highly efficient combustion engines and all-electric drive.

Some of the major players in the market include BMW, FAW Group Co. Ltd, Infiniti, BYD, Geely, Toyota Motors, and Tesla.