Sales revenue from the downstream automobile manufacturing industry has declined since 2018, and revenue growth in the Auto Parts Manufacturing industry has been slow. In 2019, the sales volume of automobiles, especially passenger vehicles, declined dramatically. This trend has negatively affected sales revenue in the industry. Overall, revenue for the Auto Parts Manufacturing in China is expected to decrease at an annualized 2.0% to $698.3 billion over the past five years, including a growth rate of 6.7% in 2023 alone, when profit is anticipated to narrow slightly to 5.8% of revenue.
Businesses in the Auto Parts Manufacturing industry in China produce parts, accessories and components for motor vehicles, including motor vehicle bodies, mechanical and electronic components, and parts for electric motors. Manufacturers supply aftermarket motor vehicle assembly and replacement part companies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Wanxiang Group
- Guangzhou Automobile Industry Group Co. Ltd.
- Weichai Holding Group Co. Ltd.
- SAIC Motor Corporation Limited
- Aviation Industry Corporation of China Ltd.
Methodology
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