China Auto Parts Industry 2010-2019 [Market Research Report]

Dec., 10, 2015, Mumbai, India: Market Reports on China presents the report, on “China Auto Parts Industry 2010-2019 [Market Research Report]”. In recent years, auto industry has undergone rapid development in China, auto sales and output reporting over 23 million in 2014 and ranking first in the world for six successive years.

As the basis of auto industry, auto parts are necessary for its sustained healthy development. In recent years, Chinese auto industry has raised its international status and consolidated its status as the pillar of national economy. "http://www.marketreportsonchina.com/industry-mfg-market-research-reports-16785/china-auto-parts.html" The comprehensive competitiveness of auto parts industry has increased with industrial cluster taking shape and export level going up.

With the rapid rise of such manufacturing bases as Changchun, Shiyan, Wuhu, Huadu, Bohai Rim especially Beijing-Tianjin-Hebei, auto parts industry have formed six industrial clusters, namely, Bohai Rim, Beijing-Tianjin-Hebei, Central China, Southwest China, Yangtze River Delta and South China.

In recent years, auto industry has undergone rapid development in China, auto sales and output reporting over 23 million in 2014 and ranking first in the world for six successive years. Meanwhile, auto parts industry has been developing fast too. By the end of 2014, there were about 200,000 auto parts manufacturers in China, among which 16,000 were major ones, over 10,000 reported an annual sales value of CNY 20 million (about USD 3.22 million) and over 1,200 were foreign companies. In 2014, the total output of auto parts industry surpassed CNY 300 billion which accounted for 50% of that of auto industry.

Auto parts in China mainly serve vehicle assembly market and after-sale service market whose demands respectively take up 80% and 20% of the total demand.

Auto parts industry occupies a strategic position in national economy with large amounts of upstream and downstream...