Auto Parts Manufacturing in China Industry Research Report – Now Available from IBISWorld

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The Auto Part Manufacturing industry in China has been bolstered by the fast-growing Automobile Manufacturing industry. In 2012, industry revenue is expected to total $347.3 billion, reflecting annualized growth of 22.6% in the past five years. Domestic firms tend to focus on particular parts or markets, and the majority of enterprises manufacture single products. Furthermore, the production of advanced automotive parts remains limited. As the technology and the quality of Chinese products improves, and pricing levels remain competitive, demand from foreign countries will increase significantly, says IBISWorld.

IBISWorld industry market research
As the quality of Chinese auto parts improves, and pricing levels stay competitive, foreign demand will rise.

The Auto Part Manufacturing industry in China has been bolstered by the fast-growing Automobile Manufacturing industry. China's accession to the World Trade Organization in 2001 also facilitated the development of the automobile parts and accessories market by encouraging an open and rational market structure. And in 2009, the Chinese government launched a series of measures to boost automobile sector growth. In 2012, industry revenue is expected to total $347.3 billion, reflecting annualized growth of 22.6% in the past five years.

The Auto Part Manufacturing industry in China has a very low market share concentration level. Many manufacturers operate on a small scale and are privately owned. The majority of these lack substantial capital, technologies and employees, and only produce single products and spare parts. The low concentration level also reflects the diverse nature of the industry's products. Firms tend to focus on particular parts or markets, and the majority of enterprises manufacture single products. Only some larger firms, like Wanxiang Group, Hyundai Mobis, and Shanghai Huizhong Automotive Manufacturing, produce a wide variety of automobile parts and accessories. Furthermore, the production of advanced automotive parts remains limited and products such as acoustic systems, automobile special-purpose ICs (integrated chips), high-end sensors, and microprocessors are imported from developed countries.

As the technology and the quality of Chinese products improves, and pricing levels remain competitive, demand from foreign countries will increase significantly, says IBISWorld. However, many manufacturers will suffer under the double pressure of rising raw material prices and the decreasing price of automobile parts and accessories from assembly plants.

For more information, visit IBISWorld’s Auto Part Manufacturing in China industry report page.

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IBISWorld industry Report Key Topics

Businesses in the Auto Part Manufacturing industry in China produce parts, accessories and components for motor vehicles, including motor vehicle bodies, mechanical and electronic components, and parts for electric motors. These manufacturers supply motor vehicle assembly and replacement part companies (i.e. the aftermarket).

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

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 every US industry. 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 or call 1-800-330-3772.

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Gavin Smith
IBISWorld
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