The Fastest Growing Market in the World – China
Guangzhou, being one of the largest auto parts and accessories distribution center in China, is a cluster of automobile and parts production. Starting from 2012, the parts & accessories section of Auto Guangzhou has been upgraded as a specialized concurrent event, “China (Guangzhou) International Auto Parts and Accessories Exhibition”. It will be launched concurrently with the China (Guangzhou) International Automobile Exhibition. It is a comprehensive one-stop platform for exchange of market information, looking for business partner, business discussion, etc, for both OE business and aftermarket.
China – World’s largest Consumption and Production of Automobiles under the Spotlight
Looking ahead with an optimistic view of China’s automobile industry, it is estimated that the total production of automobiles will maintain a sustainable growth in 2013. By 2015, the total sales of automobiles in the country is likely to surpass the United States, becoming the world’s largest automobile consumption market. The total production of automobiles in China will reach 20,000,000 by 2020, with 20% of them for export market. The rapid development of the Guangzhou automobile manufacturing industry and the support of the Guangzhou municipal government foster the growth of auto parts industry and lay a solid foundation. Within the next 10 years, 70% of the world’s automobile growth will come from Asia, primarily from China and India. Many international automobile enterprises has expressed their readiness to shift their strategic focus to China. The fair will provide an effective platform for exhibitors to tap with the growing China market.