Rising auto sales and aftermarket demand is driving the Chinese auto ancillary market

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Netscribes (India) Pvt. Ltd., launches Auto Ancillary Market in China 2011 report covering one of the emerging sectors in China. The report is part of Netscribes’ Automotive Industry series.

 

The report begins with a market overview section which discusses the present and forecasted market size and growth followed by highlighting the key segments of the industry that includes engine parts, transmission and steering parts, suspension and braking components, electrical equipment and new-energy vehicle parts. The foreign trade information illustrates that the absolute value of exports of auto parts from China is much larger than imports to China. The report also finds that major auto parts manufacturers in the market are concentrated and focused in and around automotive companies in China.

 

An analysis of the drivers influencing the industry growth includes rising surplus income levels, increasing auto sales, significant portion of untapped market owing to the under-penetration levels, low-cost advantage and rising demand from auto aftermarket. The key challenges identified include weak research and development capabilities as the Chinese auto part makers lack product innovation and safety issues as the auto parts manufacturers face the stigma of producing inferior quality products, blotting their reputation. Also, owing to the rising labour costs and resource crunch, the players have become more concerned about their shrinking profit margins.

 

The report covers the important rules and regulations and initiatives concerning the auto ancillary sector in China along with key government policies favouring the development and growth of the Chinese auto components industry. It also illustrates the recent market trends including auto parts manufacturers participating in trade fairs and expositions, Chinese auto part makers shifting focus to Indian markets, Investors capitalizing on the growth potential of the players in the auto component segment, and rising competition for upgraded and improved products in the spare parts market.

 

The competition section provides a product portfolio matrix of the key players in the Chinese auto ancillary market. The section also provides brief profiles of the major players which incorporates their financial information and business highlights.

 

Major players in the industry include ASIMCO Technologies Ltd., Changchun Faway Automobile Components Co. Ltd., Chery Automobile Co. Ltd., Dicastal Wheel Manufacturing Co. Ltd., Dongfeng Dana Axle Co. Ltd., Fawer Automotive Parts Company Ltd., Fuyao Glass Industry Group Co. Ltd., Guangdong Hongteo Accurate Technology Co. Ltd., Mando Corporation, Shandong Longji Group Co. Ltd., Shanghai Automotive Industry Corporation, Wanfeng Auto Holding Group Co. Ltd., Wanxiang Group Corporation, and Yanfeng Visteon Automotive Trim Systems Co. Ltd.

 

The report concludes with the key strategies or initiatives adopted by the Chinese auto parts manufacturers amidst the existing opportunities and challenges in the market.

 

 

Research On China (ROC) is Netscribes’ leading source for market intelligence on emerging sectors in China. Our topics provide a holistic view of an industry and are a spring board for entry strategies, private equity and venture capital investments, investor presentations and management discussions.

 

For more details on the content of the report and our services you can contact us at sales@researchonindia.com

 

Netscribes is a Market Intelligence Firm that supports Market Insights, Research & Analytics, Media & Publishing and Content Management. We are launches Auto Ancillary Market in China 2011 report covering one of the emerging sectors in China.