New Market Research Report "China Automotive Steering System Industry Report, 2012 - 2015" Has Been Added In MarketResearchReports.Biz's Reports Database
Albany, NY -- (SBWIRE) -- 04/26/2013 -- According to the data of China Association of Automobile Manufacturers, China’s annual production capacity of automotive steering system has now reached around 20 million sets. In 2012 the demand for automotive steering system in China was approximately 19.31 million sets, a year-on-year increase of 4.3%. It is expected that, in 2013-2015, the demand will grow at an average rate of 5% or so, and hit 22.35 million sets in 2015.
Seen from the demand structure, mechanical hydraulic steering system (HPS) is the most mainstream steering system in the current market, with demand accounting for about 50% of the total. However, as the electric power steering system (EPS) technology continues to become mature, its demand is in a stage of rapid growth. In the future, EPS will constantly replace HPS to become the mainstream of the automotive steering system market.
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At present, China’s automotive steering system industry characterizes fierce competition, and the manufacturers fall into two camps of foreign-capital / joint-venture enterprises and local enterprises, of which, the former represented by ZF, TRW, JTEKT, SHOWA, NSK, MANDO, etc., relying on their higher quality of products as well as the capital relations with foreign brand vehicle assembly plants, mainly support for foreign brand vehicles.
By contrast, local Chinese companies with relatively backward production process are occupied in the production of mechanical steering system, mainly supporting for homegrown brand vehicle assembly plants. With the technological improvement and experience accumulation, China Automotive Systems, Inc., Zhejiang Shibao Company Limited, Zhejiang Wanda Steering Gear Co., Ltd., AVIC-Xinhang Yubei Steering System Co., Ltd. and other local enterprises have seen fast development and started to provide product supporting services to joint-venture vehicle assembly plants.
Among joint ventures, JTEKT CORPORATION occupies the largest share in China steering system industry, provided with a total of seven steering system production bases there, four of which are dedicated to the production of electric power steering system. JTEKT Steering System (Xiamen) Co., Ltd. as one of major steering system production bases is engaged in the production of electric power steering gear, with annual capacity up to 1.2 million units, well above its industry counterparts. It mainly supports for Japanese vehicle assembly plants such as Tianjin FAW Toyota Motor Co., Ltd., Zhengzhou Nissan Automobile Co., Ltd., Dongfeng Nissan and GAC Toyota.
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Among local enterprises, China Automotive Systems, Inc. enjoys the largest production capacity. Through production and operation by its eight subsidiaries, the company reaches total capacity of 3.25 million units, mainly supporting for FAW Group Corporation, Dongfeng Motor Corporation, Shenyang Brilliance Jinbei Automobile Co., Ltd., Chery Automobile Co., Ltd., Geely Automobile Holdings Limited, etc..
To retain its competitive edge in the industry, China Automotive Systems applies electronic chip to the power steering system and has conducted technical cooperation with BISHOP, KDAC, Korea’s Namyang and other companies for the development of EPS and EHPS. Development target of the company is to achieve annual capacity of 6.35 million units at the end of 2015.
China Feed Amino Acid Industry Report, 2012 - 2013 : http://www.marketresearchreports.biz/analysis/166920
In the feed industry, amino acid is an important nutritional additive whose main role is to compensate for the lack of amino acids in feed. Most widely used feed amino acid comprises lysine, methionine, threonine and tryptophan etc.
In recent years, benefiting from the push of the downstream feed industry and technology introduction through joint venture, China’s feed amino acid industry has embraced rapid development. In particular, China’s output and consumption of lysine as the most consumed feed amino acid in China approximated 855,000 tons and 610,000 tons respectively in 2012, rising by 14% and 22%. Chinese lysine market is highly concentrated and dominated by several manufacturers including Changchun Dacheng, Ningxia Eppen, COFCO Biochemical (Anhui), Meihua and CJ (Liaocheng) with total market share of nearly 79% in 2012.
China Home Textile Industry Report, 2012 - 2015 : http://www.marketresearchreports.biz/analysis/166922
China home textile industry only has a history of 10 years. From January to November of 2012, 1,831 Chinese home textile enterprises with the annual sales revenue of over RMB20 million achieved the total industrial output value of RMB226.4 billion, showing a year-on-year increase of 14%. In 2012, China home textile industry had the following features:
The domestic market became an important factor for driving the growth of output and sales volume. In the first half of 2012, the domestic output value of the home textile enterprises with the annual sales revenue of over RMB20 million grew by 20.2% year on year. However, the export delivery value only increased by 1.3%. The domestic sales growth rate was much higher than the export growth rate.
The home textile e-business developed rapidly. Luolai Home Textile achieved sales of RMB90 million from “11.11 Shopping Carnival” in 2012, six times that in the same period of 2011; in 2012, Fuanna Bedding and Furnishing gained the revenue of RMB223 million from e-business, up 117.34% from 2011.
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