Report: Chinese automotive drive shaft market will keep an average growth rate of 8.29% in 2014-2017, and the market demand will reach 61.04 million units in 2017
Albany, NY (PRWEB) October 14, 2014
According to China Automotive Drive Shaft Market Report, 2014 released by MarketResearchReports.Biz, Chinese automotive drive shaft market will keep an average growth rate of 8.29% in 2014-2017, and the market demand will reach 61.04 million units in 2017.
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Drive shafts are the parts of automobiles and construction machinery, on the demand of which the prosperity index and development scale of automotive and engineering machinery have a direct bearing. In 2013, China needed 44.38 million automotive drive shafts, of which 81.5% came from passenger cars whose base was huge. If coupled with the demand from construction machinery, China’s demand for drive shafts would reach 46.26 million units in 2013.
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The highly-concentrated Chinese automotive drive shaft market presents the following competition pattern: a few powerful transmission shaft manufacturers occupy the main engine supporting market; the majority of the remaining enterprises with small scale, weak technical strength and low brand awareness dominate partial low-end main engine supporting market and maintenance services market by virtue of low prices, playing a passive role in competition. Wanxiang Qianchao, Shanghai GKN Drive Shaft and Xuchang Yuandong Drive Shaft accounted for 56.25% of the total drive shaft sales volume together in 2013, and the share is expected to be as high as 55% or so in 2014.
Xuchang Yuandong Drive Shaft is engaged in R & D, production and marketing of non-isokinetic drive shafts with the annual output of 3.6 million sets of such shafts boasting the most diversified types and the most comprehensive specifications in China.
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In 2013, the sluggish Chinese commercial vehicle and construction machinery market boosted Xuchang Yuandong Drive Shaft to step in the field of mini-car and passenger car transmission shafts, stimulating the substantial growth in shaft sales volume. Meanwhile, the shaft revenue of the company ascended 44.59% year on year to RMB937.65 million. In the next few years, the company's performance will maintain steady growth in the wake of its exploration in the passenger car market.
The report mainly contains six chapters and 113 charts, stating China's overall economic situation, the overview of China's automobile industry, automotive drive shaft market demand (including import & export), and the competitive landscape of the automotive drive shaft market, as well as introducing the revenue, transmission shaft production and marketing, capacity and production bases of 20 global and Chinese major automotive drive shaft manufacturers.
China Automotive Three-Way Catalytic Converter Supporting Report, 2014-2017
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China Automotive Three-way Catalytic Converter Supporting Report, 2014-2017 by SinoMarketInsight predicts that the demand for automotive catalytic converter in China will reach 51.24 million sets by 2017. Three-way catalysis refers to the catalysis that transforms CO, HC, NOx and other harmful gases in automobile exhaust into harmless carbon dioxide, water and nitrogen through oxidation and reduction. In 2014, the demand for three-way catalytic converter from passenger vehicle market will hit 39.39 million sets. The forthcoming boom of catalytic converter is largely because of more stringent environmental requirements on automobile, stable growth in automobile output and emergence of the replacement and maintenance market.
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Joint ventures now dominate the Chinese automotive three-way catalytic converter market, such as Faurecia, Tenneco, Eberspaecher, Futaba, Delphi, Boysen, Hirotec and Sango, which have set up wholly-owned companies or joint ventures in China. The catalytic converters produced by Faurecia are provided to Beijing Hyundai, Dongfeng Passenger Vehicle Company, Dongfeng Yueda Kia, Chery and Shanghai Volkswagen; Tenneco serves mainly SAIC Motor Passenger Vehicle Co., Shanghai Volkswagen, Shanghai GM, BAIC Motor Corporation Co., Ltd., GM, and Chang'an Suzuki; and Eberspaecher supports FAW-Volkswagen (Golf, Audi), Beijing Benz Automotive and Tianjin FAW Toyota Motor.
China Automobile Seals Supporting Report, 2014-2017
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According to China Automobile Seals Supporting Report, 2014-2017, it is expected that, stimulated by the expanded auto-making capacity, automobile weatherstrip will experience sustained growth in production over the next few years, and the demand for automobile weatherstrip will hit 1.381 billion meters by 2017. Tightness is an important indicator to measure complete automobile quality, and seals are one of the most widely used parts in automobile. The excellent durability and longer service life of automobile weatherstrip makes a relatively small after-sales maintenance market, and the demand is mainly concentrated in complete automobile supporting field. In 2013, China’s demand for automobile seals was 995 million meters, up 14.8% from a year earlier.
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Regarding the competitive landscape of the market, automobile weatherstrip is analogous to overall auto parts pattern in China. Local Chinese automobile weatherstrip companies support mainly homegrown brands and low-emission models, while most joint-venture brands and high-end auto models prefer weatherstrips from large multinational auto parts companies.
China Automotive Lock Industry Report, 2014-2017
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According to China Automotive Lock Industry Report, 2014-2017, Chinese automotive lock market will present an AAGR of 8.5%-9%, with the total production expected to exceed 130 million units by 2017. With the rapid development of China's automobile market, the production of automotive locks there showed a steady growth, with the 2013's production in China totaling 95.231 million units, up 14.8% on a year-on-year basis. This growth rate was virtually consistent with that of the vehicle production in China.
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Due to the fact that automotive lock industry, especially the products such as the vehicle door locks, trunk locks and fuel tank cap locks, has a relatively low requirement on the technologies for product development and production, the production of automotive locks in China could save production costs, especially those of labor and materials. At present, most vehicle manufacturers, whether independent auto brands or joint-venture brands, choose to produce and assemble vehicle door locks in China.
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