Spare Parts Market to Remain 20% of Growth in Next Five Years
www.chinatruck.corg: 2012 China Auto Spare Parts Industry annual meeting was held in Wuhan City and over 350 enterprises at home and abroad expressed their optimism on the prospect of the industry in “Industry Development Forum”. 10 to 20 years’ high-speed growth of China auto market will make spare parts and after-sale service markets long term and stable.
Executive Vice President of CAAM Dong, Yang said sales value of China auto spare parts reached CNY 200 billion in 2011 and with over 20% of growth in the next few years, the value is expected to reach CNY 250 billion in 2015. Since 2002, auto industry has become the pillar industry of China economy. In 2011, production and sales of vehicles both reached 19 million units, ranking No.1 globally.
Experts reckons that China spare parts market will remain 20% of growth and the enterprises at home and abroad are optimistic about the development.
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