China Gasoline Engine Industry Report,
2013-2017 of Sino Market Insight forecasts that by 2017, sales volume of
China’s automotive engines, motorcycle engines and general gasoline
engines will respectively reach 24.83 million, 28.80 million and 25.26
million units (domestic sales + exports).
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With the improvement of Chinese
people's consumption level, the demand for motor vehicles has increased
rapidly; the automobile output rose from 5.71 million in 2005 to 19.27
million in 2012 with an average annual growth rate of 19.0%; motorcycle
output was also stabilized at around 25 million/year from 2007-2012.
Output growth of motor vehicles especially passenger vehicles has led to
a strong growth of demand for gasoline engines, and the localization of
international manufacturers is becoming more prevailing, as a result,
the sales volume of automotive gasoline engine increased from 3.45
million units in 2005 to 13.4 million units in 2012, with an average
annual growth rate of 21.4%.
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