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 - Starting a New Business Chapter
The need to invest in large and efficient manufacturing facilities can discourage competitors from entering the industry. The high costs associated with the construction of facilities are a significant deterrent to entry. In addition, the cost of developing large-scale production is very high.
Technical expertise and knowledge
New firms must have similar or enhanced levels of technical expertise, skilled workers and technology to compete with existing forms. In particular, the establishment of sales networks and distribution channels poses challenges for newcomers... purchase to read more