China Automotive Shock Absorber Sector Analysed by ResearchInChina in In-demand Study Published at MarketPublishers.com
13 May 2015 • by Natalie Aster
LONDON – China’s automotive production growth contributed to the rapid expansion in the market size of spare parts, including shock absorbers. In 2014, the country’s demand for automotive shock absorbers amounted to173 million units, up 10.2% YoY, which came primarily from OEM and after-sales maintenance markets. And supporting shock absorbers demand various in line with auto production. In 2014, China's auto production grew 7.3% YoY to reach 23.7229 million units; and the demand for the supporting shock absorbers in the same years totaled 95.96 million units. The after-market is closely related to the ownership of vehicles. In late 2014, the vehicle ownership in the country reached 154 million units, an increase of 12.4% YoY. The domestic shock absorbers demand reached close to 173 million units in 2014.
The domestic automotive shock absorber industry sees high levels of marketisation, with strong competition but low concentration. China’s manufacturers of automotive shock absorbers can be divided into three types. The first are the sole proprietorship or JVs in China of the world famous auto/parts enterprises, comprising Tenneco, KYB, ZF, Hitachi, Mando, Showa, among others. The second are a number of JVs and bigger local enterprises, offering supporting services or products to domestic automobile manufacturers and export these offerings to developed Europe and the US. Some enterprises with comparative advantages supply products via OEM/ODM to the world's famous manufacturers of shock absorbers, such as Jiuding, ADD Industry (Zhejiang) Corporation, Nanyang Xijian, etc. The third are the small and medium-sized private businesses conducting scattered small-scale production.
In-demand study “China Automotive Shock Absorber Industry Report, 2014-2015” created by ResearchInChina offers an in-depth analysis of the Chinese automotive shock absorber industry, covering definition and classification, regulations and policies, automotive shock absorber technology trends. It presents a comprehensive overview of the automobile market, globally and in China. The report proceeds with an analysis of the country’s automotive shock absorber sector, covering demand from OEM and aftermarkets, the competitive landscape, foreign trade. The research study provides a detailed look at top foreign production enterprises and automotive shock absorber enterprises in China, covering their financial clandscape, output and sales volume, key customers, major products and technology, R&D, etc.
China Automotive Shock Absorber Industry Report, 2014-2015
Published: March, 2015
Price: US$ 2,300.00
More reports by the publisher can be found at ResearchInChina page.