BETHESDA, MD — With vehicle sales in China, the most populous country in the world, surging 166 percent in the last five years, the country has dramatically increased its role in the global automotive industry. Lucrative opportunities for aftermarket companies are available in this region. To assist aftermarket companies investigating potential business in China, the Automotive Aftermarket Industry Association (AAIA) has published a new study: Global Aftermarket Trends: China.
Global Aftermarket Trends: China is a 134 page report providing data and analysis to assist aftermarket businesses that wish to gain a better understanding of China’s market, products and services. The report contains an overview of the social and political climate and economic structure of China.
“Since China entered the World Trade Organization in 2001, many obstacles to U.S. aftermarket companies have been eliminated including trading rights restrictions and tariffs. As a result, U.S. auto parts exports to China have more than doubled,” said Kathleen Schmatz, AAIA president and CEO. “With the recent openings of the distribution channels, there is tremendous opportunity for foreign companies to shape China’s aftermarket.
“In just four years, China’s vehicle output surpassed France, South Korea, Spain and Canada. If its recent growth rate continues, China would pass Germany and become the world’s third largest vehicle producer in the next few years,” said Schmatz.
The study reports that automotive products are in high demand in China including tires, key technology such as anti-theft devices and environmental protection, engine-related parts such as fuel injection systems and inlet pipes, and chassis parts like shock absorbers and anti-lock brake systems.
Global Aftermarket Trends: China is available to AAIA members for $395 and to non-members for $695. For more information or to order a copy, contact AAIA at 301-654-6664 or visit: www.aftermarket.org.
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