2018-05-31

LEDinside 2018 Chinese Automotive Lighting Market Trend- Passenger Car and Logistics Car Market Analysis

According to the latest report from LEDinside, a division of the market research firm TrendForce, 2018 Chinese Automotive Lighting Market Report- Passenger Car and Logistics Car Market Analysis, the quantity and market share of local car manufacturers in China have increased since 2017. The sales volume of domestic brands has grown annually as well. The product price levels from local car manufacturers have gradually approached to medium range. Although the license plate lottery measure reduced purchasing willingness, yet, as per capita income grew, car penetration will experience significant growth. Chinese conventional passenger car shipment volume in 2017 has reached 23.8 million units, and is expected to reach 25.5 million units in 2018.
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