As more foreign carmakers enter China, the quality of domestic products will improve, increasing export demand.
San Francisco, CA (PRWEB) September 15, 2012
The Automobile Body and Trailer Manufacturing industry in China developed rapidly in the past five years due to strong growth in car ownership and the development of China’s roads and highways. Industry revenue is estimated at $11.7 billion in 2012, reflecting annualized growth of 21.3% in the five years through 2012, says IBISWorld.
Domestic automobile body and trailer manufacturers can be divided into two types: part plants affiliated with large automotive groups, and professional body and trailer manufacturers. Part plants are usually customized to parent company production plans and deviate from market price mechanisms. Meanwhile, professional body and trailer manufacturers like Shenzhen CIMC Special Vehicles, and Guangdong Fuwa Engineering Manufacturing and Liaoning Luping Machine have been developing quickly due to flexible management and closeness to the market. Only the largest firms manufacture an extensive range of automobile bodies and trailers. Most manufacturers are small or medium-sized and focus on particular automobile body and trailer products or parts. As a result, few have significant market control at a national level, and the industry’s market share concentration is low.
IBISWorld forecasts that revenue for the Automobile Body and Trailer Manufacturing industry in China will be boosted by steady increases in domestic and foreign demand. Exports currently account for almost one-third of industry revenue. As more foreign automobile manufacturers enter China to form joint ventures or partnerships with domestic manufacturers, the quality of domestic products will improve, expanding export markets.
For more information, visit IBISWorld’s Automobile Body and Trailer Manufacturing in China industry report page.
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IBISWorld industry Report Key Topics
The Automobile Body and Trailer Manufacturing industry in China manufactures automobile bodies, trailers, and other non-mechanically propelled vehicle parts, such as cabs, chassis, body structures, truck trailers and semi-trailers. Additional products include vehicle parts such as travel trailers, recreational vehicle bodies, campers, tankers, container trucks, munitions trailers and exhibition trailers.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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