Research
and Future Development Forecast of Automobile Steering Device Industry in
China, 2014-2018, makes in-depth analysis on China's automobile steering device
industry in the aspects of policy, features & characteristics, competition
landscape, demand structure, latest news, development trend as well as key
enterprises.
As China's
automobile steering device manufacturing industry has developed rapidly, many
foreign enterprises have devoted themselves to China's market successively, and
the joint ventures are booming in China, so the market share of independent
Chinese enterprises have suffered a sharp drop.
Now,
China's automobile steering device market is divided by three major forces:
foreign-owned enterprises and Sino-foreign joint ventures take up the high-end
market; relatively competitive state-owned ones and private enterprises occupy
the middle-end market; less competitive medium and small sized enterprises
struggle in low-end market.
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Full Report with TOC @ http://www.radiantinsights.com/research/research-and-future-development-forecast-of-automobile-steering-device-industry-in-china-2014-2018
According
to the latest statistics, China's independent automobile steering device brands
hold about 85% market share in the field of commercial vehicles, forming a
solid foundation for domestic brands, and about 50% market share in the field
of passenger vehicles, where the competition with foreign brands is much
fiercer. Foreign-owned enterprises and joint ventures are dominant in China's
high and middle-end passenger vehicle market and high-end commercial vehicle
market.
In the
field of sedan-accessories, the high technical barrier of joint ventures makes
the domestic manufacturers hard to expand the business. Therefore, those
Chinese enterprises have no choice but to target on independent brands which
have a market share less than 30%, resulting a narrow marketing space and
limited development scale.
There are
150 automobile steering device enterprises (excluding family workshops) in
China at present, of which private ones exceed 70%, state-owned ones are less
than 15%, joint ventures account for about 10%, and sole proprietorships
account for 5%. And about 50 relatively larger enterprises are specialized in
producing components and parts of automobile steering devices (including joint
ventures), such as Hubei Henglong Group, ZF Shanghai Steering Systems Co.,
Ltd., Xinhang Yubei Steering System Co., Ltd., and Hubei Tri-ring Auto Electric
Co., Ltd.
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