GM's Rick Wagoner Believes China to Become World's Largest Market
DUBLIN, Ireland--Nov. 22 2005; Research and Markets has announced the addition of The Chinese automotive components sector to their offering.The explosive growth of the Chinese car market may have hit the wall in the past year or so, but nobody could doubt the long-term potential of the market. Senior executives, including General Motors chairman Rick Wagoner, believe the enormous pent-up demand for cars will eventually make China the worlds largest market, eclipsing even the United States.
Most of the attention has focused on the vast investments made by global automakers in setting up production facilities in China. Altogether, foreign automakers have committed in excess of US$13bn to triple annual capacity to 6m units by the year 2010.
In addition to joint ventures between overseas car producers and local manufacturers, new, local vehicle manufacturers are emerging. Companies such as Chery and Geely are developing their own cars independently of western partners.
This new research provides an in depth look at the market in terms of history and structure. It will give you and insight into the level of investment that has been made by Tier 1 suppliers, looking specifically at the activities of each of the major players in the Chinese market.
Major suppliers in China:
Delphi, Visteon, Bosch, Denso, Siemens, ZF Friedrichshafen, Valeo, Johnson Controls, Lear Corporation, ArvinMeritor, Magna, Eaton, TRW, Autoliv, Faurecia, ThyssenKrupp, Behr, GKN, Tenneco, ContiTech, Omron, Dana Corporation, Hella, NOK-Freudenberg, Mann+Hummel, Mando.
