Domestic Parts Enterprises Strive for Export Expansion
2012-11-09 Source：www.chinabuses.org
Summarize：Compared with complete vehicles, domestic parts industry is in bud of the development. The influence from complete vehicles is waning and spare parts market has great growth potential. Export will become the important way to the development of spare parts. Domestic commercial vehicle parts would grasp the opportunity of export expansion and diversification by virtue of strong competitiveness.
www.chinabuses.org: Compared with complete vehicles, domestic parts industry is in bud of the development. The influence from complete vehicles is waning and spare parts market has great growth potential. Export will become the important way to the development of spare parts. Domestic commercial vehicle parts would grasp the opportunity of export expansion and diversification by virtue of strong competitiveness.
Last ten years saw 31.5% of compound growth rate of spare parts industry. In 2010, sales of spare parts reached CNY 1.68 trillion, increasing by 1500% year-on-year. Enterprise quantity increased from 2500 ten years ago to 12 thousand nowadays.
Export is the important way to develop spare parts enterprises. As the enhancement of domestic parts technology and marking ability, some enterprises with modern devices and management ability rose rapidly. Complete vehicle manufacturers are searching for the parts suppliers with low-price-and-high-quality products worldwide, which is a great opportunity for domestic enterprises. In 2010, export amount of China's spare parts reached USD 21.77 billion. Some high-quality enterprises even enter the parts system of European and American complete vehicle manufacturers.
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