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 Locations Chapter
The industry's operations are mainly concentrated in the economically well-developed East China and Middle South China regions. Due to higher per capita incomes, larger populations and higher usage of automobiles, many industries in these regions are growing strongly, leading to greater demand for automobile parts and accessories. Zhejiang, Jiangsu, Shanghai, Shandong, Guangdong and Hubei are estimated to account for about 47.9% of total industry revenue in 2014.
Jiangsu, Zhejiang, Shanghai and Shandong
The industry tends to be highly concentrated in eastern coastal areas because larger firms in these areas are able to benefit from economies of scale and close proximity to imported raw materials and downstream industries... purchase to read more