1、A business of Marsh McLennan2025-2026 Copyright 2025 Mercer(China)Limited.All rights reserved.2 220253Copyright 2025 Mercer(China)Limited.All rights reserved.20252023-20259242.3 212.9 291.5 259.0 268.6 290.4 259.3 285.7 322.6 47.9%-19.9%9.9%9.3%1.5%-2.7%-5.2%-5.0%-1.7%7.0%11.7%10.5%-0.6%34.4%8.2%9.8

2、%11.2%13.8%14.6%16.4%14.9%-200.0%-180.0%-160.0%-140.0%-120.0%-100.0%-80.0%-60.0%-40.0%-20.0%0.0%20.0%40.0%60.0%0.050.0100.0150.0200.0250.0300.0350.0400.0450.0500.0550.0600.012345678910111220232024202520252024Automotive News517374258606164677073777887902,436.3 3,143.6 3,009.4 20251-92024202312.0%4.5%

3、12.9%20252024201.5 311.1 491.0 585.9 495.0 31.0 67.9 120.3 128.4 175.8 101.1%54.4%57.9%19.3%14.8%304.6%119.0%77.6%6.7%89.4%-800.0%-700.0%-600.0%-500.0%-400.0%-300.0%-200.0%-100.0%0.0%100.0%200.0%300.0%400.0%0.0200.0400.0600.0800.01,000.01,200.020212022202320242025.1-9TOP 1TOP 2TOP 320259495.014.8%17

4、5.889.4%20212025920251-916.3 17.4 18.1 21.6 33.4 42.3 46.5 68.0 70.5 93.6+130%46.7%21.6%21.9%22.5%16.5%36.2%17.6%10.6%28.7%49.0%4+12.9%Copyright 2025 Mercer(China)Limited.All rights reserved.56Copyright 2025 Mercer(China)Limited.All rights reserved.67Copyright 2025 Mercer(China)Limited.All rights re

5、served.L2/L3/Copyright 2025 Mercer(China)Limited.All rights reserved.8Copyright 2025 Mercer(China)Limited.All rights reserved.43.5%49.8%49.0%53.3%54.7%51.8%54.5%55.1%56.5%40.0%1-99Copyright 2025 Mercer(China)Limited.All rights reserved.32.732.735.733.533.732.72.0 2.0 2.0 1.7 1.6 1.5 6.2%6.1%5.7%5.0%

6、4.3%4.5%0.0%1.0%2.0%3.0%4.0%5.0%6.0%7.0%0510152025303540202020212022202320242025.1-82020-20254.3%4.5%202420251-810Copyright 2025 Mercer(China)Limited.All rights reserved.10Copyright 2025 Mercer(China)Limited.All rights reserved.Copyright 2025 Mercer(China)Limited.All rights reserved.202512Copyright