Industry Analysis & Industry Trends
The development of the Auto Part Manufacturing industry is being driven by the fast-growing Automobile Manufacturing industry (IBISWorld industry report 3721) and strong growth in the number of automobiles in use across China. In 2009, the Chinese government launched a series of measures to boost automobile sector growth. These measures included reduced automobile sales taxes, direct subsidies to rural households purchasing automobiles, and the indirect effects of the government's $500 billion stimulus package. At the end of 2013, the total number of automobiles in use in China was nearly 137 million; this number is expected to continue increasing rapidly in future years.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Auto Part Manufacturing industry in China has a low concentration level, which is expected to remain steady in future years. Revenue of the top four firms is expected to account for 6.9% of total industry revenue during 2014. There are a large number of small and medium enterprises operating in the industry, and the market is highly fragmented.
There are many manufacturers that operate on a small scale and are privately owned. The majority of these lack substantial capital, technologies and employees, and only produce single products and spare parts.
The low concentration level also reflects the diverse nature of the industry's products. Firms tend to focus on particular parts or markets, and the majority of enterprises manufacture single products... purchase to read more