2014-02-14 21:55:02 - Automobile Body and Trailer Manufacturing Industry in China 2012-2016 - a new market research report on companiesandmarkets.com
The China Automobile Body Manufacturing market is to grow at a CAGR of 13.80 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growth of the Automobile market in China. The market has also been witnessing globalization of Chinese automobile body and trailer manufacturers. However, the increasing raw material prices and employee wages in China could pose a challenge to the growth of this market.
The increasing number of automobile body and trailer manufacturing establishments is one of the major trends witnessed in the Automobile Body and Trailer Manufacturing industry in China. In 2012, China recorded the operation of approximately 355 automobile body and trailer manufacturing establishments, and this number is expected to
increase to 367 by 2016. One of the main reasons for the increase in the number of establishments is the increasing demand for automobiles manufactured in China. In addition, the existing companies are collaborating with other firms to set up new establishments and reduce the demand-supply gap.
One of the main drivers of this industry is the growth of the Automobile industry in China. The increasing demand for vehicles has led to an increase in the demand for automobile bodies and trailers.
One of the main challenges in this industry is the increase in raw material prices and wages in China, which affects the manufacturing companies financially.
The key vendors dominating this market space include China International Marine Containers (Group) Co. Ltd., Guangdong Fuwa Group Co. Ltd., Hubei Qixing Truck and Cabin Manufacturing Co. Ltd., and Liaoning Luping Machine Co. Ltd. The other vendors mentioned in this report are Guangdong Fudi Automobile Co. Ltd., Hunan Tongxin Industry Co. Ltd., Nanjing Fuli Automobile Carriage Manufacturing Factory, Shanghai Huizhong Automotive Manufacturing Co. Ltd., and Xiamen Golden Dragon Autobody Co. Ltd.
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