TechNavio today launched its report Automotive Lighting and Signaling Equipment Market in China 2011-2015 based on an in-depth study focusing exclusively on China. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Automotive team said, ”The demand for small cars is continuously on the rise and this trend is expected to continue in the near future. Affordability and the shift toward consumer sales from institutional sales will continue to drive the development of smaller cars in the coming years. China’s need for oil will place increasing pressure on energy conservation and accelerate the development of fuel-efficient small cars. In addition, the Chinese Government’s initiatives to promote fuel-efficient cars will provide further impetus for the development of small cars in the near future.”
According to the report, the Government has been continuously guiding and supporting the Automotive industry’s development across manufacturing and distribution in China. For instance, the Chinese Government has provided subsidies for auto-parts manufacturing in China. In addition, foreign companies cannot produce complete automobiles in China unless they do so through a joint venture with the major Chinese partners. Hence, all these policies are paving the way for the growth of the Automotive Lighting and Signaling Equipment market in China.
Further, the report also discusses that the increasing pricing pressure due to intense competition constitutes a major challenge for the Automotive Lighting and Signaling Equipment market in China.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit https://www.technavio.com/content/automotive-lighting-and-signaling-equip…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Automotive, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Report – Automotive Lighting and Signaling Equipment Market in China 2011-2015
