Relatively low barriers to entry for the market will allow foreign firms to set up shop and use their retail know-how to grow market share.
Los Angeles, CA (PRWEB) November 16, 2011
IBISWorld forecasts revenue of the Motor Vehicle Parts and Accessories Dealers industry in China to total US$28.02 billion by the end of 2011, having experienced several years of strong growth.
The industry, which was opened to foreign investment in 2005, is expected to see increasing competition from foreign firms entering the market. Domestic enterprises will continue to dominate the industry in the near future; however relatively low barriers to entry for the market will allow foreign firms to set up shop and use their retail know-how to grow market share.
Establishments in this industry are mostly individual auto parts retailers located in auto parts trade centers. However, auto parts chain stores and auto parts supermarkets are becoming important business models and major competitors to this industry. These business models will coexist in the long run as they both serve specific markets, according to IBISWorld.
The domestic automobile population is estimated to total 102.4 million in 2011, which indicates large demand for replacement in the next five years. IBISWorld expects industry revenue to increase by an average 9.1% per year, to US$43.31 billion in 2016.
For industry profit, market shares and more, download IBISWorld’s report on Motor Vehicle Parts and Accessories Dealers in China.
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The Motor Vehicle Parts and Accessories Dealers industry in China comprises establishments that retail automobile parts and accessories, including tires. Sales of automobile parts and accessories at the time of repair by automobile repair establishments are not included in this industry.
Main Activities for Motor Vehicle Parts and Accessories Dealers
Engine components retailing
Chassis components retailing
Automobile body components retailing
Transmission and control components retailing
Suspension frame and braking components retailing
Electrical and electronic components retailing
Other automobile parts and accessories retailing
Motor Vehicle Parts and Accessories Dealers in China Report Key Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.