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.