A niche product is a product targeting a particular part of a bigger business and market. In line with statistics, the the top of August 2011, the variety of vehicles saled in China has already exceeded 100 million, amongst which Japanese brands take about 3% of the overall worth. Hebei is a significant agricultural base in China. In 2016, worth-added of the primary sector ranked the 8th within the country. This contributed a lot to the event of related processing industries, equivalent to dairy product trade.
The fifth version of the Automotive CEE Day buying assembly will take place on 23-24 March 2018 at the Exhibition and Congress Centre in Opole (Poland). Its location in Opole creates the right atmosphere for enterprise talks, and it’s also the perfect place for exhibitors to present their services and products.
The global motorized vehicle aftermarket is estimated at roughly $395 billion. The Latin American and Caribbean markets have been growing at a formidable price and the outlook is very positive for future increases in the new car and aftermarket automotive elements trade.
Nowadays, auto parts constitute the developmental foundation of the auto trade, and the auto elements supporting and after-sales service market is a necessary a part of the auto market. The fast growth of China’s auto trade has offered a solid industrial basis and highly effective market support for its auto parts industry, and will create a super giant-scale market output of 1.5-2 trillion RMB.
Members of the Overseas Automotive Council (OAC) of the Automotive Aftermarket Suppliers Association (AASA) agree that Latin America is a serious growth area for the worldwide automotive aftermarket. Mexico, South and Central America are alternatives for development, resulting from older vehicle age and repair historical past,â€ a member commented.