China Auto Parts Market Size Stood Over USD 0.29 Trillion in 2016, States CRI in Its New Report Published at MarketPublishers.com
31 Mar 2017 • by Natalie Aster
LONDON – China’s auto part industry is in the midstream of the automotive industry chain. Steel, plastic, rubber, and electronic components represent upstream industries, while downstream industries are whole vehicle makers and automotive part suppliers. There exist a host of industries in the upstream, particularly in the steel industry, which is key to the national economic performance. The evolution of the auto parts industry is projected to give a boost to the growth of upstream industries. The auto part industry is part and parcel of the automotive industry. As of 2016, the size of the Chinese auto parts market stood over USD 0.29 trillion.
Over the past several years, the changes in prices for iron ore, oil and natural rubber have lead to a considerable variation in the prices for rubber, steel, plastic, among other chemical materials, rendering pressure on the steadiness of the operation of the national auto part industry.
In downstream industries, the fast-paced development of the Chinese automotive industry during the last ten years has also underpinned the fast growth of the auto part industry.
There are fixed suppliers of the majority of auto parts that the country’s automobile producers demand. In the automotive aftermarket, auto part dealers represent the key buyers, accounting for more than 80%.
China exports a great number of automobile parts. As of 2016, the exports of auto parts from China were estimated at USD 64.573 billion in value terms, capturing around 85% of the overall export value of automotive products.
New research report “A-Share Listed Auto Parts Companies - Profiles and Financial Data” drawn up by CRI provides an insightful analysis of 50 auto parts makers listed in the Chinese A-share market.
The report offers detailed profiles of the enterprises, alongside limelighting the operation status of these firms over the past ten years (presently 2006 till 2016). The operation status is reviewed from the perspectives such as financial indexes; indexes on the cash flow statement; indexes on the income statement; indexes on the balance sheet.
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