China Luxury Car Market by Product Type, Distribution Channel, End User 2024-2032
                     China Luxury Car 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
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Accord ing  to  the  la tes t  repor t  by  IMARC Group,  t i t l ed  "China Luxury  Car  
Market :  Industry  Trends,  Share,  S ize ,  Growth ,  Opportuni ty  and Forecast  
2024-2032,"  the  Ch ina  luxury  car  market  s ize  reached US$ 182.6  B i l l ion  in  
2023.
Factors Affecting the Growth of the China Luxury Car  Industry:
Report Rising Aff luence and Expanding Middle Class:The remarkab le  economic  g rowth  in  Ch ina  has  t rans la ted  in to  inc reas ing 
a f f luence  and  an  expanding  midd le  c lass  popula t ion across the  coun t ry .  As 
Highlight and disposable  incomes r ise ,  more  Ch inese  consumers  asp i re  to  own luxury  cars  
as  symbo ls  o f  success and  p rest ige .  Luxury  veh ic les  are  no  longer  seen  
Description so le ly  as  modes o f  t ranspor ta t ion;  they  a re  v iewed as l i fes ty le  s ta tements .  
Th is  asp i ra t iona l  demand is  a  p ivo ta l  dr i ve r  o f  the  luxury  car  market ,  lead ing 
to  sus ta ined  growth  as  more  consumers  seek  to  fu l f i l l  the i r  des i res  fo r  h igh-
end  veh ic les  that  re f lec t  the i r  soc ia l  s tand ing  and  accompl ishments .  Luxury  
car  manufactu rers  a re  respond ing  by  ta i lo r ing  the i r  o f fe r ings to  cate r  to  
these  asp i ra t ions ,  c rea t ing  cu l tu ra l l y  re levant  and  en t ic ing  products .
Favorable  Government  Pol ic ies and Incent ives:
The  commi tm en t  o f  t he  Ch inese  gove rnment  t o  r educ ing  a i r  po l l u t ion  and 
promot ing  sus t a inab i l i t y  has  s i gn i f i can t l y  in f luenced  the  g rowth  o f  t he  l uxu ry  ca r  
marke t .  I n i t i a t i ves  l i ke  t ax  b reaks ,  subs id ies  fo r  e l ec t r i c  and  hybr id  luxury  
Report veh ic l es ,  and  f avorab le  regu la t i ons  f o r  luxu ry  ca r  impor t s  m ake t hese  veh ic les  more  a t t r ac t i ve  and access ib le  t o  consumers .  
These  po l i c i es  a l ign  w i th  g loba l  sus ta inab i l i t y  t rends  and encourage  consumers  t o  
Highlight and embrace eco - f r iend ly  luxu ry  op t ions .  Fu r t he rmore ,  t he  gove rnmen t ’ s  he igh t ened 
focus  on  sus ta inab i l i t y  has  p rompt ed  luxu ry  car  manuf ac tu re rs  to  inves t  in  
Description greener  t echno log ies ,  i nc lud ing  e lec t r i c  power t r a ins ,  wh ich  a l i gn  w i t h  Ch ina ’ s  long - t e rm env i ronmen ta l  goa ls ,  t hus  fos te r ing  t he  g rowt h  o f  t he  l uxury  e lec t r i c  
veh ic l e  marke t .
Technologica l  Advancements:
I n  recen t  yea rs ,  t ech -savvy  consumers  i n  Ch ina  have become inc reas ing l y  
consc ious  abou t  luxu ry  ca r  f ea t u res  and  capab i l i t i es .  Cut t ing -edge techno log ies  
such  as  A I -d r i ven  smar t  ass i s tan ts ,  seam less  connec t i v i t y ,  advanced d r i ve r  
ass is t ance  sys tems,  and  e lec t r i c  power t ra ins  a re  no  longer  cons idered  luxu r ies ,  
t hey  a re  now common expec t a t ions  among  Ch inese  luxu ry  car  buye rs .
As compe t i t i on  in tens i f ies ,  manu fac tu re rs  a re  s t r i v ing  to  lead  in  the  
deve lopment  o f  e lec t r i c  and  au tonomous  luxu ry  veh ic les .  The  rap id  evo lu t ion  
o f  t echno logy  ensures  tha t  Ch inese  consumers  bene f i t  f rom s ta te -o f - the -a r t  
fea tu res ,  enhanc ing  the i r  d r i v ing  exper ience  and  e leva t ing  the  appea l  o f  l uxu ry  
ca rs  in  the  marke t .
Report 
Request  for  a  PDF sample  o f  th is  repor t :  
Highlight and h t tps : / /www. imarcgroup .com/ch ina- luxury -ca r -marke t / reques tsamp le
Description
Report Description
China Luxury Car  Market  Trends:
In  Ch ina ,  t he  luxury  ca r  marke t  i s  be ing  p rope l led  by  the  r i s ing  a f f luence  and  expand ing  midd le  c lass  in  the  
coun t ry .  As  d isposab le  incomes con t inue  to  inc rease ,  more  consumers  asp i re  to  own  p res t ig ious and  h igh -end  
veh ic les ,  thus  p rope l l ing  marke t  g rowth .  Apar t  f rom th is ,  severa l  favorab le  government  po l i c ies  and  incen t i ves ,  
such  as  tax  b reaks  and  subs id ies  fo r  e lec t r i c  veh ic les  (EVs) ,  rep resen t  ano ther  ma jo r  g rowth - induc ing  fac to r .  
These  po l i c ies  encou rage  env i ronmen ta l l y  f r iend ly  luxury  ca r  cho ices  and  make  them more  access ib le  to  a  
b roader  range  o f  consumers ,  acce le ra t ing  p roduc t  sa les .  Fur the rmore ,  t he  ongo ing  advancemen t  o f  t echno logy  
and  innova t ion  in  the  luxury  ca r  segment  tha t  a t t rac ts  tech-savvy  Ch inese  consumers  is  favo r ing  marke t  g rowth .
Look ing  forward,  the  market  is  expected to  reach US$ 336 .1  B i l l ion  by  2032 ,  exhib i t ing a  growth ra te  
(CAGR)  o f  7 .01% dur ing 2024-2032 .
V iew Repor t  TOC,  F igures  and  Tables :  h t tps: / /www. imarcgroup.com/china- luxury-car -marke t
Breakup by Vehicle Type:
• Hatchback
• Sedan
• Sports  Ut i l i ty  Vehic le
Breakup by Fuel Type:
• Gasol ine
Report • Diesel
Segmentation • Electr ic
Breakup by Price Range:
• Entry-Level
• Mid-Level
• High-End
• Ultra
Breakup by Engine Capacity:
• Up to 3,000 CC
• Above 3,000 CC
Breakup by Region:
• Guangdong
Report • J iangsu
Segmentation • Zhej iang
• Henan
• Sichuan
• Shanghai
• Others
What was the size of the China luxury car market in 
2023?
What is the expected growth rate of the China 
luxury car market during 2024-2032?
What are the key factors driving the China luxury 
Key car market?
Questions What has been the impact of COVID-19 on the China luxury car market?
Answered in 
What is the breakup of the China luxury car market 
based on the vehicle type?
the Report
What is the breakup of the China luxury car market 
based on the fuel type?
What is the breakup of the China luxury car market 
based on the engine capacity?
What are the key regions in the China luxury car 
market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     C h i n a  L u x u r y  C a r  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  V e h i c l e  T y p e  
    6 . 1     H a t c h b a c k  
        6 . 1 . 1  M a r k e t  T r e n d s  
        6 . 1 . 2  M a r k e t  F o r e c a s t  
    6 . 2     S e d a n  
        6 . 2 . 1  M a r k e t  T r e n d s  
        6 . 2 . 2  M a r k e t  F o r e c a s t  
    6 . 3     S p o r t s  U t i l i t y  V e h i c l e  
        6 . 3 . 1  M a r k e t  T r e n d s  
        6 . 3 . 2  M a r k e t  F o r e c a s t  
7     M a r k e t  B r e a k u p  b y  F u e l  T y p e  
       
    7 . 1     G a s o l i n e  
        7 . 1 . 1  M a r k e t  T r e n d s  
        7 . 1 . 2  M a r k e t  F o r e c a s t  
    7 . 2     D i e s e l  
        7 . 2 . 1  M a r k e t  T r e n d s  
        7 . 2 . 2  M a r k e t  F o r e c a s t  
    7 . 3     E l e c t r i c  
        7 . 3 . 1  M a r k e t  T r e n d s  
        7 . 3 . 2  M a r k e t  F o r e c a s t  
8     M a r k e t  B r e a k u p  b y  P r i c e  R a n g e  
Table of     8 . 1     E n t r y - L e v e l          8 . 1 . 1  M a r k e t  T r e n d s  
        8 . 1 . 2  M a r k e t  F o r e c a s t  
    8 . 2     M i d - L e v e l  
Contents         8 . 2 . 1  M a r k e t  T r e n d s          8 . 2 . 2  M a r k e t  F o r e c a s t  
    8 . 3     H i g h - E n d  
        8 . 3 . 1  M a r k e t  T r e n d s  
        8 . 3 . 2  M a r k e t  F o r e c a s t  
    8 . 4     U l t r a  
        8 . 4 . 1  M a r k e t  T r e n d s  
        8 . 4 . 2  M a r k e t  F o r e c a s t  
9     M a r k e t  B r e a k u p  b y  E n g i n e  C a p a c i t y  
    9 . 1     U p  t o  3 , 0 0 0  C C  
        9 . 1 . 1  M a r k e t  T r e n d s  
        9 . 1 . 2  M a r k e t  F o r e c a s t  
    9 . 2     A b o v e  3 , 0 0 0  C C  
        9 . 2 . 1  M a r k e t  T r e n d s  
        9 . 2 . 2  M a r k e t  F o r e c a s t  
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / c h i n a - l u x u r y - ca r- m a r ke t / t o c
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