From the current market situation, the global auto parts market size to
2015, will be more than 336 billion U.S. dollars
While it has been seriously
affected by the current economic downturn, sales decreased yield reduction,
excess capacity and financial instability near the bottom so that the entire
auto industry, but the world is still optimistic about the automotive
aftermarket is estimated to 2015 when the market will reach 336 billion. In the
meantime a new driving force to promote the development of the market in new
car sales, consumers prefer resurgence of a strong recovery of SUV models and
alternative models of demand will appear. The entire Asian market and sales
growth for the market, but also indicates positive. This gives the SUV automobile
manufacturer
has brought a lot of business opportunities
Automobile market, especially in automobile used parts china market use, Relative OEM supporting the market is relatively not so
bad, as long as you want the car to run up, so like the fan belt, the
replacement cost of the exhaust pipe and the brake pads on these vulnerable
parts have less to spend not a dime. Even if the market environment has been
restored to some extent, but still not completely free from recession. In the
case of the current financial crisis led world economic recession, if personal
income and gross domestic product (GPD) Always keep the current sharp drop in
state, then who can guarantee that people will spend more money on a new car
consumption , rather than just maintaining it look old. Subprime credit supply,
unemployment, disposable income and reducing household wealth and consumer
confidence have led to the decline in these parts of the purchase and sale of
the entire market of appetite. Reduce the number of maintenance and repair, a
direct result of the weak job market, consumer income and spending power
decline. Volatile fuel (mainly the impact of oil prices) prices have a direct
impact mileage owners, resulting in demand for consumable parts, exterior
parts, structural parts were all reduced.
Equally complex automotive parts industry is currently
facing opportunities and challenges. In the past this recession period, the
decline in new car sales also led to increased vehicle manufacturers to provide
additional warranty replacement parts products. At the same time, reducing new
car sales also affects vehicle telematics, entertainment and other intelligent
electronic products demand and technological development of automobile market.
Despite its current form is still complicated,
but the market has been showing a steady recovery in the short term trend,
which is mainly due to the industry still retains considerable industry base,
coupled with consumables car this is the long-held, but the owner of the car
maintenance the importance of understanding has gradually deepened. With the
economic recession in the whole economic life influence waning, the automotive
industry will also bottomed out, the worst has passed. After the recession,
demand has become the fundamental driving force of recovery, for example, GDP
growth, employment, income, discretionary income, and restore consumer
confidence driven by these factors, the increase in vehicle mileage travel
increased, as well as the influence of OEM auto parts and auto sales, etc.,.
Professional aftermarket equipment / accessories related to environmental
protection products will get the maximum benefits.
With discretionary spending can increase, street
performance parts and automotive supplies demand is also expected to rise in
the near future. Legislation and consumer industry earnings after demand and
fuel-efficient vehicles loaded after saving products will help promote economic
recession period. In addition, developing countries are also strong recovery in
automobile market plays an important role, such as China and India.
Major players in the market include AC Delco, American Axle & Manufacturing
Holdings Ltd., ArvinMeritor (arvinmeritor) Automotive Industry Corporation,
ASIMCO Asia Strategic Investment Management Company, Bridgestone, Continental,
Delphi (delphi automotive systems), Denso Corp., U.S. Mogul (federal-mogul
corporation), Honeywell international Inc., Johnson Controls, Lear Corporation,
Magna International, Magneti Marelli auto parts, Michelin, Bosch, TRW
automotive Group (trw automotive), Visteon (visteon corp.), and so on.
