Foreign Brands Play Big Role in Auto Components Market
2009-04-17 Source：english.chinabuses.com
Nowadays in China, subsectors such as engines, chassis, tires, and auto electronics have been expanding rapidly in the recent years. As to trend of investment, the focus was on a few large categories of products. (i) Parts of engines. Here, makers of engine assemblies, pistons and piston rings, and radiators dominate, and investment is mainly made in engine assemblage and products belonging to electronic fuel injection systems. (ii) Parts of chassis. Gearboxes, gear wheels, breaking systems, and dampers play the major roles, and chassis assemblies attract the most investment. (iii) Nonmetal parts such as rubber, tires, and plastic products, and castings. (iv) Interior decoration of which air-conditioning, seats and backrest adjusters attract the most investment. (v) Parts of auto electric system.
In the competitive landscape, foreign-owned auto parts makers have entered into China one after another since China's accession to the World Trade Organization in 2001 and then China opened its auto parts sector completely. By the end of March 2009, automakers owned or partially owned by foreigners had accounted for more than 60% of the market in China. As for parts of cars (different from wagons, pickups, buses and trucks), the market share of foreign-related automakers was bigger-perhaps over 80%. And their market share was even bigger for the sophisticated parts or fields. For example, foreigners accounted for as high as 90% of auto electronics and parts of engines. Multinational companies like Bosch, Denso, Delphi and Hyundai Mobis are the major players in China's auto parts market.
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