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China industry research and market forecast: automobile parts and accessories manufacturing industry, 2008-2009 is an invaluable asset for anyone who wants to invest in the automobile parts and accessories manufacturing industry, to import into China, to partner with one of the key Chinese corporations, or to compete in the segment.
China is both the fastest growing motor vehicle market and the fastest growing vehicle producer. China is also the worlds second-largest car market - it produced 8.88 million automobiles in 2007, of which 8.79 million were sold. For these reasons, and others, smart investors are reading China industry research and market forecast: automobile parts and accessories manufacturing industry, 2008-2009.
As the global economy slips suffering from the unfolding global credit crisis and soaring energy prices, auto sales in China continue to boom. And, Chinas car market still has huge room to expand. At present, Chinas private car density is very low. The number of cars per 1,000 people in China is only 6 whereas the figure in developed countries is 500. Auto sales in China are expected to exceed 10 million units this year, which would represent full-year sales growth of 14 percent. In fact, auto sales have maintained double-digit growth since the beginning of this year.
This booming auto industry brings with it great opportunities for the auto parts and accessories industries. A great number of auto parts makers have increased their sales revenues severalfold. In fact, some enterprises sales revenues are now measured by the billions in RMB. All indications are that this growth period will continue for at least the next five to ten years.
New vehicles in China will rise at an annual rate of 10 million units in the next few years, which means the vehicle population in the country is likely to reach 100 million units after five years. When that happens the auto-parts aftermarket will jump to 300 billion yuan, which is very lucrative to manufacturers.
The three driving forces behind the rapid growth of Chinas auto-parts industry are the domestic original equipment (OE) market, aftermarket, and export market. The three markets reached a value of more than 100 billion dollar in 2007, more than triple the number of 2002.
The auto parts industry will remain one of the most promising sectors and maintain its high growth rate over the next five to ten years.
Currently, there are five trends in Chinas auto parts industry: Progress has been made in restructuring and M&A; Multinational auto-parts manufactures have increased investment in China year on year; Export volume increased rapidly; Cluster effect has emerged; Private enterprises developed quickly. To understand these phenomena, and in their impact on this enormous and growing market you must read China industry research and market forecast: automobile parts and accessories manufacturing industry, 2008-2009.
The report provides in-depth analysis and detailed insight into Chinas automobile parts and accessories manufacturing industry, market development, market drivers, basic industry indices, competitive landscape, key enterprises and their strategies, investment projects, investment conditions, as well as technologies and investment trends.
China industry research and market forecast: automobile parts and accessories manufacturing industry, 2008-2009 is divided into 11 chapters and an excel file.
1. Status and characteristics of the automobile parts and accessories manufacturing industry
2. Analysis of the economic operating environment of the automobile parts and accessories manufacturing industry
3. Development of the automobile parts and accessories manufacturing industry in 2007
4. Operating conditions of the automobile parts and accessories manufacturing industry in 2007
5. Financial conditions of the automobile parts and accessories manufacturing industry in 2007
6. Industry chains of the automobile parts and accessories manufacturing industry in 2007
7. Competitiveness of key enterprises in the automobile parts and accessories manufacturing industry in 2007
8. Investment projects in the automobile parts and accessories manufacturing industry in 2007
9. Investment status in the automobile parts and accessories manufacturing industry in 2007
10. Development trends of the automobile parts and accessories manufacturing industry
11. Recommendations and advice for the development of the automobile parts and accessories manufacturing industry in 2008
And an excel file which contains 10 key enterprises contact and financial data.
There are 114 figures and charts in the report.
Data sources are national statistics, market research and monitoring, industry associations and institutions, import-export statistics, and others.
If you want to invest in, import into, partner with, or compete against any of the companies in this field, then China industry research and market forecast: automobile parts and accessories manufacturing industry, 2008-2009 is required reading.
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