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(EMAILWIRE.COM, January 20, 2010 ) New Delhi, India - RNCOS, a leading market research firm, has recently released a report “China Automobile Sector Forecast to 2012” wherein it extensively analyzed the growth potential of burgeoning automobile industry in China. The research thoroughly covers all the prominent market segments and value chain with focus on current and future trends. The research also includes the study of global financial crisis impact on the automobile industry in order to provide a balanced research.
We have done an exhaustive conceptual analysis of the Chinese automobile industry industry and inferred that its auto-part segment has shown impressive growth over the past few years. The uptrend in auto-part segment is expected to continue in coming years on the back of several factors, which have been thoroughly discussed in the report. The auto part segment is anticipated to witness production growth of nearly 29% during 2008-2010, far ahead of the entire automobile industry growth.
The auto-part segment has also shown encouraging imports and exports trends despite the global economic slowdown. The booming automobile production and sales transformed into huge demand for auto parts and imports continuously surpassing industry exports. We expect that this trend will prevail in future and enable the auto industry to keep rolling on growth track smoothly.
The dynamic development of the industry has resulted in a holistic progress of the entire automobile industry value chain. High sales of automobiles proved lucrative for motor insurance, raw materials suppliers, automotive electronic market, etc. The future prospects of all these vertical market segments are quite bright and their development pace will be in accordance with the automobile industry growth.
“China Automobile Sector Forecast to 2012” provides comprehensive information and statistics of the automobile industry and its various segments, including passenger vehicle, commercial vehicle, utility vehicles, two wheelers and auto component. Each section explains the current and future market trends, and developments in the Chinese automobile market. In addition, the report facilitates comprehensive analysis of alternative fuel vehicle industry in China and its future outlook.
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
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