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 SWOT Analysis Chapter
The Auto Part Manufacturing industry in China is in the growth phase of its life cycle. Industry value added is expected to increase at an annualized rate of 12.5% between 2009 and 2019, much faster than China's average GDP (7.3% per year) over the same period.
The industry's enterprise and establishment numbers are also expected to increase during 2009 and 2019, indicating new market entrants and greater investment in sales network development.
Technological changes and innovations are relatively frequent in the industry. Several foreign manufacturers that have recently entered the market have established joint ventures with local companies and brought advanced technologies and management expertise... purchase to read more