Summary
New Cars in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- New cars market includes retail sales/registrations of new passenger cars. The scope of passenger cars covers saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
- The Hong Kongese new cars market recorded revenues of $19.3 billion in 2024, representing a negative compound annual growth rate (CAGR) of 1.0% between 2019 and 2024.
- Market consumption volumes declined with a negative CAGR of 3.2% between 2019 and 2024, reaching a total of 522,836.0 units in 2024.
- In 2024, the volume of Hong Kong’s new cars market declined by 8.3% due to increased interest rates. According to the Hong Kong Monetary Authority, the interest rates in Hong Kong grew by 5.8% in August 2024.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Hong Kong
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Hong Kong
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong new cars market with five year forecasts
Reasons to Buy
- What was the size of the Hong Kong new cars market by value in 2024?
- What will be the size of the Hong Kong new cars market in 2029?
- What factors are affecting the strength of competition in the Hong Kong new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up Hong Kong's new cars market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. Suzuki Motor Corp
8.2. Toyota Motor Corp
8.3. Nissan Motor Co Ltd
8.4. Honda Motor Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Hong Kong new cars market value: $ billion, 2019-24
Table 2: Hong Kong new cars market volume: units, 2019-24
Table 3: Hong Kong new cars market geography segmentation: $ billion, 2024
Table 4: Hong Kong new cars market value forecast: $ billion, 2024-29
Table 5: Hong Kong new cars market volume forecast: units, 2024-29
Table 6: Suzuki Motor Corp: Key Facts
Table 7: Suzuki Motor Corp: Annual Financial Ratios
Table 8: Suzuki Motor Corp: Key Employees
Table 9: Suzuki Motor Corp: Key Employees Continued
Table 10: Toyota Motor Corp: Key Facts
Table 11: Toyota Motor Corp: Annual Financial Ratios
Table 12: Toyota Motor Corp: Key Employees
Table 13: Nissan Motor Co Ltd: Key Facts
Table 14: Nissan Motor Co Ltd: Annual Financial Ratios
Table 15: Nissan Motor Co Ltd: Key Employees
Table 16: Nissan Motor Co Ltd: Key Employees Continued
Table 17: Honda Motor Co Ltd: Key Facts
Table 18: Honda Motor Co Ltd: Annual Financial Ratios
Table 19: Honda Motor Co Ltd: Key Employees
Table 20: Hong Kong Size of Population (Million), 2020-24
Table 21: Hong Kong Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: Hong Kong GDP (Current Prices, $ Billion), 2020-24
Table 23: Hong Kong Inflation, 2020-24
Table 24: Hong Kong Consumer Price Index (Absolute), 2020-24
Table 25: Hong Kong Exchange Rate, 2019-24
List of Figures
Figure 1: Hong Kong new cars market value: $ billion, 2019-24
Figure 2: Hong Kong new cars market volume: units, 2019-24
Figure 3: Hong Kong new cars market geography segmentation: % share, by value, 2024
Figure 4: Hong Kong new cars market value forecast: $ billion, 2024-29
Figure 5: Hong Kong new cars market volume forecast: units, 2024-29
Figure 6: Forces driving competition in the new cars market in Hong Kong, 2024
Figure 7: Drivers of buyer power in the new cars market in Hong Kong, 2024
Figure 8: Drivers of supplier power in the new cars market in Hong Kong, 2024
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Hong Kong, 2024
Figure 10: Factors influencing the threat of substitutes in the new cars market in Hong Kong, 2024
Figure 11: Drivers of degree of rivalry in the new cars market in Hong Kong, 2024
