Albany, NY -- (ReleaseWire) -- 06/06/2014 -- According to China Automotive Gasoline Engine Supporting Report, 2014-2017 released by SinoMarketInsight, it is predicted that by 2017 automotive gasoline engine market in China will maintain a growth rate of 9% or so, with the total estimated sales volume exceeding 20 million units.
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In 2013, China’s automobile industry saw the production of a total of 16.792 million auto gasoline engines, a figure that was up 18.2% from a year earlier, and the sales volume of 16.619 million units, up 17.7% year on year. In the first quarter of 2014, the output of gasoline engines reached 4.253 million units, rising 7.0% compared with the previous year; the sales volume 4.336 million units, up 9.6% from a year ago.
In terms of the downstream demand for motor gasoline engines, the demand for gasoline engines came mainly from passenger vehicle market. The scale and growth rate of production and sales volume of auto gasoline engines were virtually consistent with the passenger vehicle market trend. In 2013, the gasoline-powered passenger vehicles produced in China numbered as many as 17.648 million units, accounting for 97.6% of the total production, and this rate would rise to 97.9% by April 2014.
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In terms of supporting auto models of gasoline engines, the automakers in China, whether joint ventures or Chinese branded enterprises, were beginning to strengthen their self-equipped capacity, putting more funds into the R&D and production of engines. Against this backdrop, many automakers found that the proportion of their self-equipped gasoline engines was presenting a steady growth. In 2013, the sales volume of gasoline engines in China amounted to 16.619 million units, of which the self-equipped volume was 10.612 million units, commodity volume 6.007 million units, with the proportion of self-equipped volume rising from 58.1% in 2009 to 63.9% in 2013.
In terms of market competition pattern, as of 2013, there were about 46 auto manufacturers that produced auto gasoline engines, of which the top 5 were FAW-Volkswagen, SGMW, Shanghai Volkswagen Powertrain, Shanghai GM Dongyue Powertrain and Dongfeng Nissan Passenger Vehicle Company. By production, the market share of the top 5 were 9.2%, 8%, 6.7%, 6.4% and 5.8%, respectively.
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Automotive Gasoline Engine Supporting Report, 2014-2017 by SinoMarketInsight involves 6 chapters and 158 charts, including market development of auto gasoline engines in China, the industry policies, market size, competition pattern, imports & exports as well as future development trend, etc. Additionally, it analyzes the downstream assembled-vehicle market. Finally, it briefs the profile, production, sales volume, main products and automakers’ supporting models of 15 major automakers in China, such as FAW-Volkswagen, SGMW, Shanghai Volkswagen Powertrain, Shanghai GM Dongyue Powertrain and Dongfeng Nissan Passenger Vehicle Company.
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