Dallas, TX -- (SBWire) -- 10/12/2010 -- The increasingly strict requirements of various countries on auto exhaust emission propel the development and production of auto oxygen sensors. In 2009, Chinese production and sales volume of vehicles totaled 13.79 million and 13.64 million, rising by 48.30% YOY and 46.15% YOY separately; both ranked the first globally.
However, different from foreign sensor industries, Chinese auto sensor industry does not have a complete industry chain. Chinese auto parts industry has begun to introduce foreign technologies and production equipment since the 1980s. However, parts produced by these technologies and equipment can only meet the requirement of small-batch and low-end auto models. As auto sensors are second-level parts for whole vehicles, they can only be used for the whole vehicle production in the form of systems. They will be imported along with electronic engine control systems to China. Chinese local oxygen sensor industry is on low technological level with insufficient market strategies. As a result, the sensor market for Chinese auto OEM production is occupied by transnational enterprises like Bosch and Denso. Nevertheless, in the auto after-sales service (maintenance) market, many clients will choose oxygen sensors of small and medium enterprises considering the price and some other factors. Because of the application of universal plugs, a small variety of universal oxygen sensors can replace large quantities of original oxygen sensors.
According to incomplete statistics, in 2009, Chinese after-sales market scale of auto oxygen sensor reached about CNY 2.40 billion, rising by over 20% YOY. In 2009, Chinese auto reserving volume exceeded 70 million. It is forecast that the annual growth rate of Chinese after-sales market of auto oxygen sensor will maintain over 20%. For many new entrants, there are still investment opportunities in Chinese oxygen sensor market.
Through this report, readers can acquire more information:
Status quo of Chinese auto oxygen sensor industry
Competition status in Chinese auto oxygen sensor industry
Major enterprises in Chinese auto oxygen sensor industry and their operation
Demand in Chinese auto oxygen sensor market
Demand in Chinese after-sales service market of auto oxygen sensors
Development trend of Chinese auto oxygen sensor industry
Investment opportunities in Chinese auto oxygen sensor industry
Following persons are recommended to buy this report:
Auto sensor manufacturers
Auto manufacturers
Import and export enterprises of auto sensors
Auto after-sales service enterprises
Research institutes concerning Chinese auto sensor industry
Investors concerning Chinese auto sensor industry
Others concerning Chinese auto sensor industry
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