Auto Parts & Accessories

Ningbo's exhaust manifold segment is benefiting from the subprovincial city's proximity to sources of key manufacturing inputs and strong logistical support.

Situated in Zhejiang province where some of China's major steelmakers, including Ningbo Baoxin, are based, local manufacturers enjoy relatively stable procurement costs. Stainless steel pipes and tubes are among the primary parts used in exhaust manifold fabrication.

Encouraged by growing demand for environment-friendly transportation worldwide, India suppliers of electric vehicles are ramping up R&D and production specifically of scooters and motorcycles.

Keen on boosting aftermarket sales, China manufacturers of exterior protection accessories are updating their selections in line with the latest vehicle design and styling trends.

Suppliers of bumper guards are tapping material alternatives that echo automakers' increased focus on environment-friendly models.

China suppliers of tire pressure gauges are ramping up production and exports in step with growing fuel efficiency and driver safety concerns in key markets.

While mature technology-wise, the line has just recently started drawing attention as a basic tool for reducing greenhouse gas emissions. It helps in doing so simply by preventing underinflation, which could increase the tire's rolling resistance and in turn require the use of more fuel.

China's tire industry is moving the sales mix away from its primary lines and market. The action comes in the wake of the US' announcement of a three-year tiered additional tariff on passenger and light truck tires starting Sept. 26, 2009. The import tax will be at 35 percent for the first year, 30 percent on the second year and 25 percent on the third.

Optimistic market projections are encouraging China manufacturers of sun-control devices to push ahead with efforts to roll out high-performance designs.

Most suppliers are gearing up for demand from the premiums segment. Orders for promotional-use models are expected to bounce back as improving economic conditions enable corporate groups to revive spending on retail marketing.

State initiatives to encourage domestic adoption of HEVs and AEVs are fueling the creation of more efficient power sources.

The development of traction or electric vehicle batteries is on a fast track, driven mainly by strong domestic demand. Currently, about 60 percent of output in the line is sold within China.

China's aftermarket parts industry is bracing itself up for an uptick in the business cycle. Exports, in particular, are projected to rise 20 to 30 percent in the months ahead. Demand for repair and replacement components is expected to grow stronger, with consumers continuing to opt for maintenance rather than new vehicles as they wait for a more stable economy.