China Automobile Steering Device Market, Rental Survey in Automobile Industry of China Analyzed in New Research Reports

DALLAS, October 25, 2014 /PRNewswire/ --

MarketReportsChina.com adds Research and Future Development Forecast of Automobile Steering Device Industry in China, 2014-2018 as well as In-Depth Survey on China Automobile Rental Market, 2014 reports to its automotive and transportation section.

The Research and Future Development Forecast of Automobile Steering Device Industry in China, 2014-2018 report makes in-depth analysis on China's automobile steering device industry in the aspects of policy, features & characteristics, competition landscape, demand structure, latest news, development trend as well as key enterprises.

As China's automobile steering device manufacturing industry has developed rapidly, many foreign enterprises have devoted themselves to China's market successively, and the joint ventures are booming in China, so the market share of independent Chinese enterprises have suffered a sharp drop. Now, China's automobile steering device market is divided by three major forces: foreign-owned enterprises and Sino-foreign joint ventures take up the high-end market; relatively competitive state-owned ones and private enterprises occupy the middle-end market; less competitive medium and small sized enterprises struggle in low-end market.

According to the latest statistics, China's independent automobile steering device brands hold about 85% market share in the field of commercial vehicles, forming a solid foundation for domestic brands, and about 50% market share in the field of passenger vehicles, where the competition with foreign brands is much fiercer. Foreign-owned enterprises and joint ventures are dominant in China's high and middle-end passenger vehicle market and high-end commercial vehicle market.

In the field of sedan-accessories, the high technical barrier of joint ventures makes the domestic manufacturers hard to expand the business. Therefore, those Chinese enterprises have no choice but to target on independent brands which have a market share less than 30%, resulting a narrow marketing space and limited development scale.

There are 150 automobile steering device enterprises (excluding family workshops) in China at present, of which private ones exceed 70%, state-owned ones are less than 15%, joint ventures account for about 10%, and sole proprietorships account for 5%. And about 50 relatively larger enterprises are specialized in producing components and parts of automobile steering devices (including joint ventures), such as Hubei Henglong Group, ZF Shanghai Steering Systems Co., Ltd., Xinhang Yubei Steering System Co., Ltd., and Hubei Tri-ring Auto Electric Co., Ltd.

Companies profiled in this report include Fawer Automotive Parts Limited Company, ZF Shanghai Steering Systems Co., Ltd, Shanghai Beite Technology Co., Ltd, Jinzhou Henglong Auto-Parts Manufacture Co., Ltd and Chongqing Changfeng Machinery Co., Ltd. Order a copy of this research at http://www.marketreportschina.com/contacts/purchase?rname=4840 .

The In-Depth Survey on China Automobile Rental Market, 2014 research report is readily available in Chinese language, whereas the English version will be delivered in 3 to 5 working days once the order is successfully placed. This research says that since 18th CPC National Congress, the proposal of relevant policies of reformation of government car purchase, auto purchase restrictions and new-energy automobile have greatly promoted the robust development of China's automobile rental market. The total scale of China's auto rental market is expected to reach CNY 38 billion by the end of 2014, and the CAGR (Compound Annual Growth Rate) from 2010 to 2014 will up to 20.2%. The total number of automobile for renting in China is estimated to increase from 200,000 plus automobiles in 2010 to 430,000 plus automobiles, with a CAGR reaching 21%. This high CAGR has won China's automobile rental market the name of sunrise industry and is favored by capital market. Many large auto rental enterprises have further expanded their business. China Auto Rental Inc. is about to go public in Hong Kong Stock Exchange, so as to gain more finance to facilitate the expansion. EHI Car Service also attempts to go public. In general, China's auto-rental market has entered into fierce competition stage.

This report covers a survey on 11 auto rental enterprises including China Auto Rental Inc., EHI Car Service Co., Ltd, Top One Car Rental Co., Ltd, Avis Rent a Car System, LLC., Shouqi Auto Lease Co., Reocar Co., Ltd, Da Zhong Taxi & Leasing Car Company, Pang Da ORIX Auto Leasing Co., Ltd, The Hertz Corporation, Long YaodDi Car Renal Pty Co., Ltd, and CTC Service Co., Ltd. Complete report can be ordered at http://www.marketreportschina.com/contacts/purchase?rname=4842 .

Explore more reports on the automotive and transportation industry of China at http://www.marketreportschina.com/category/automotive-transportation .

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