Automobile Steering Device Industry in China, 2014-2018
(PRWEB) October 24, 2014
Research and Future Development Forecast of Automobile Steering Device Industry in China, 2014-2018, makes in-depth analysis on Chinas automobile steering device industry in the aspects of policy, features & characteristics, competition landscape, demand structure, latest news, development trend as well as key enterprises.
As Chinas automobile steering device manufacturing industry has developed rapidly, many foreign enterprises have devoted themselves to Chinas market successively, and the joint ventures are booming in China, so the market share of independent Chinese enterprises have suffered a sharp drop. Now, Chinas automobile steering device market is divided by three major forces: foreign-owned enterprises and Sino-foreign joint ventures take up the high-end market; relatively competitive state-owned ones and private enterprises occupy the middle-end market; less competitive medium and small sized enterprises struggle in low-end market.
According to the latest statistics, Chinas independent automobile steering device brands hold about 85% market share in the field of commercial vehicles, forming a solid foundation for domestic brands, and about 50% market share in the field of passenger vehicles, where the competition with foreign brands is much fiercer. Foreign-owned enterprises and joint ventures are dominant in Chinas high and middle-end passenger vehicle market and high-end commercial vehicle market.
In the field of sedan-accessories, the high technical barrier of joint ventures makes the domestic manufacturers hard to expand the business. Therefore, those Chinese enterprises have no choice but to target on independent brands which have a market share less than 30%, resulting a narrow marketing space and limited development scale.
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There are 150 automobile steering device enterprises (excluding family workshops) in China at present, of which private ones exceed 70%, state-owned ones are less than 15%, joint ventures account for about 10%, and sole proprietorships account for 5%. And about 50 relatively larger enterprises are specialized in producing components and parts of automobile steering devices (including joint ventures), such as Hubei Henglong Group, ZF Shanghai Steering Systems Co., Ltd., Xinhang Yubei Steering System Co., Ltd., and Hubei Tri-ring Auto Electric Co., Ltd.
China Automotive Drive Shaft Market Report, 2014
According to China Automotive Drive Shaft Market Report, 2014 released by SinoMarketInsight, 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. Browse Full Report with Complete TOC at: http://www.researchmoz.us/china-automotive-drive-shaft-market-report-2014-report.html
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.
China Electric Vehicle Charging Station and Charging Pile Market, 2014
The data issued by China Association of Automobile Manufacturers on July 9, 2014 show: in the first half year of 2014, China produced 20,692 new-energy automobiles and sold 20,477, up 2.3 times and 2.2 times over the same period of last year respectively, and the production and sales volume had exceeded the total volume of last year, in which the production and sales of pure electric vehicle was 12,185 and 11,777 respectively, and hybrid-electric vehicles was 8,700 and 8,507 respectively. Browse Full Report with Complete TOC at: http://www.researchmoz.us/research-and-investment-prospect-of-china-electric-vehicle-charging-station-and-charging-pile-market-2014-report.html
But it is still far away from the goal realizing 500 thousand in 2015. The biggest problem faced by popularization of new-energy vehicles is still the over slow construction of charging station. By the end of 2013, as the main constructor of charging station, State Grid had only built 400 charging stations and 19,000 AC charging piles, while it is the national goal in 2015 that 4,000 charging stations will be built in 2015.
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