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China's car fleet by 2035: full speed ahead?


China's car fleet by 2035: full speed ahead?

Report summary

China's car fleet has seen phenomenal growth over the past 15 years. Growing from 8 million in 2000 to 140 million in 2015, its fleet is second only to the US.  However, its car penetration remains low on a per capita basis compared with other major countries.  Does this imply huge untapped potential?  Will China eventually reach car penetration levels similar to the US or will it follow lower European levels?  Underpinning the demand for key commodities including oil, steel, lead, aluminium and plastics, it is critical to understand the outlook for China‚Äôs car fleet.

Our China auto view is underpinned by a detailed proprietary model assessing car saturation levels, income distribution projections, and provincial car fleet.


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This report includes 1 file(s)

  • China's car fleet by 2035 - full speed ahead.pdf PDF - 3.21 MB

Description

This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

  • China's car fleet by 2035: full speed ahead?
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