China Draws the Attention of Many International Auto Accessories Enterprises
---New Beginnings in Beijing
Posted on：2017/1/9 Source：http://www.auto-a.hc360.com
With the rapid development of the automobile industry, the auto accessories market in China is booming. At the annual meeting of the China Automobile Dealers Association, Chunbo LI, Executive Director of the Research Department at CITIC Securities, estimated that the value of the Chinese aftermarket would reach 8 trillion in the near future.
Many well-known international brands as Bosch, 3M, Yellow Hat, Wurth, among others, have accelerated the development of Chinese market. In this way, they have positioned China as the main market to explore their overseas businesses.
Reports said Bosch has developed 1,000 automotive service stations in China, and Japan’s largest dealer of auto accessories intends to expand the number of franchises in China to 500 by the year of 2017.
3M would like to explore 8,000 products including 700 car care companies, 6,000 auto garages as well as 4S shops, while Wurth also aims to set up a network in more than 100 cities in China with profits reaching RMB 500 million.
This suggests that many auto accessories enterprises have turned their eyes to the Chinese market, and all these industries put their eyes on the CIAACE 2017 to be held in Beijing.
The CIAACE 2017 is a stellar platform to showcase products and techniques with hundreds of overseas companies participating from Europe, the United States, South Africa, and East Asia, and most of them have decided to expand their markets to China through the CIAACE. Furthermore, businesses from Japan, Korean and Taiwan, exhibited 3,000 products including auto electronics, car care products, auto cushions, tuning and outdoor supplies. It is easier to find business opportunities for overseas visitors by competing with well-known domestic companies like Coagent Steel Mate, OWA, Modifier, Skyworth, Newsmy, Cnlight, Biaobang, and Botny among others.
In sum, the CIAACE 2017 is becoming the foremost platform to connect domestic enterprises with overseas ones. The expo also enables the transfer of domestic products abroad as well as introducing international brands and techniques to the Chinese market.