With the rapid development of the automobile market, China's auto industry has become the automotive sector the largest cake in the world. The cake is getting bigger at the same time, China's own auto parts companies also have periods. According to Ipsos consulting published recently predicted that China's auto parts industry is expected in the next five years to achieve annual growth of more than 20. New car demand continues to boost passenger car sales at the same time, the aftermarket parts industry will become a new engine of growth. Car industry faced challenge recently, China mechanical industrial Federation Deputy Director xiaoyaping in "13th session China car industry development peak annual cum 2015 China car and the parts market analysis forecast will" launches Shang said, current car industry are faced huge of technology change and industry change, China car industry development faced of challenge, also pour forced car and parts enterprise on development strategy, and development way made adjustment and change.
According to industry estimates, compound annual growth rate of China's passenger-car 2013-2018 will be 7, new car sales by 2018 will reach 25 million units. In car ownership in domestic 2002-2013, 0-3 year old passenger cars reached 56.9 million, of which about 90 per cent of the vehicle during the warranty period.
Industry experts generally agreed that, for now, although the Chinese auto parts market has great potential, but local parts companies face the risk of being marginalized. Core supplier auto companies at this stage are almost mostly foreign-funded joint ventures or wholly owned parts monopoly, parts companies in China where is the way out, serious problems facing the industry at the moment.
