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Chinese Brands To Grab 33% Of Global Car Market By 2030, Experts Predict

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Market share will grow rapidly from 21 percent this year and most of the growth will take place outside China, AlixPartners says

Chinese automakers will improve their global market share from 21% to 31% by 2030, analysts predict. Study by AlixPartners suggests China will control 12% of European market and 72% of its domestic market by the end of the decade. Faster development times and lower production costs give Chinese brands an advantage over other nations’ automakers. One in every three cars sold in the world in 2030 will be built by a Chinese automaker.

Though new 100 percent tariffs introduced by the Biden Administration will limit China’s ability to push into North America, and Japan will also prove hard to crack, the study predicts Chinese automakers will have doubled their share of the European car market to 12 percent by 2030 and increased their 33 percent share of the Russian market to 69 percent.

 

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