Chinese Auto Parts Sector Analysed in New CRI Research Study Published at MarketPublishers.com27 Aug 2015 • by Natalie Aster
LONDON – In the recent past, the Chinese auto industry has gone through rapid development. Meantime, the domestic auto parts industry has been evolving at a fast pace, too. By 2014-end, there were close to 200,000 auto parts makers in the country, amongst which 16,000 were leading ones, more than 10,000 reported around USD 3.22 million in annual sales and more than 1,200 were overseas firms. As of 2014, the overall output of the auto parts industry surpassed the USD 46.96 billion mark, capturing 50% of that of the auto industry.
The auto parts sector’s prosperity is line with that of the auto industry and closely linked to macroeconomic situation. As auto industry keeps on developing and China steadily becomes the leading consumer and producer of vehicles, the auto parts industry has entered a stable growth period.
As car ownership continues to grow in China, the size of the auto parts market is expected to increase. And the vast market demand for after-sale service leads to large development space for auto parts manufacturers. Furthermore, government departments have recently come up with a novel concept of HOPSCA which are being set as a target by many cities to develop auto park, motor town and car accessories. Over the coming years, the auto parts industry is projected to keep on developing rapidly and create a slew of investment opportunities.
New market research study “Research Report on China Auto Parts Industry, 2010-2019” prepared by China Research and Intelligence (CRI) presents detailed, unbiased insights into the Chinese auto parts industry.
The report provides an overview of the policy and economic situation impacting the Chinese auto parts industry; supply of, and demand for auto parts in the country; demand for auto parts from the vehicle manufacturing sector; the demand for auto parts from the car maintenance industry; the country’s import and export of auto parts. The research study provides a comprehensive examination of the competition in the national auto parts marketplace in tandem with giving details about the top auto parts producers in China. Extensive forecasts of the auto parts industry in China are provided as well.
Research Report on China Auto Parts Industry, 2010-2019
Published: August, 2015
Price: US$ 2,400.00
More studies by the publisher can be found at CRI page.