TechNavio recognizes the following companies as the key players in the Automobile Body and Trailer Manufacturing Industry in China: China International Marine Containers (Group) Co. Ltd. (CIMC), Guangdong Fuwa Group Co. Ltd., Liaoning Luping Machine Co. Ltd., and Hubei Qixing Truck and Cabin Manufacturing Co. Ltd.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The increasing number of automobile body and trailer manufacturing establishments is one of the major trends witnessed in the Automobile Body and Trailer Manufacturing industry in China. In 2012, China recorded the operation of approximately 355 automobile body and trailer manufacturing establishments, and this number is expected to increase to 367 by 2016. One of the main reasons for the increase in the number of establishments is the increasing demand for automobiles manufactured in China. In addition, the existing companies are collaborating with other firms to set up new establishments and reduce the demand-supply gap.”
According to the report, one of the main drivers of this industry is the growth of the Automobile industry in China. The increasing demand for vehicles has led to an increase in the demand for automobile bodies and trailers.
Further, the report states that one of the main challenges in this industry is the increase in raw material prices and wages in China, which affects the manufacturing companies financially.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Hunan Tongxin Industry Co. Ltd., Nanjing Fuli Automobile Carriage Manufacturing Factory, and Shanghai Huizhong Automotive Manufacturing Co. Ltd.
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 vendors. For further information on this report, please visit https://www.technavio.com/content/automobile-body-and-trailer-manufacturi…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report – Automobile Body and Trailer Manufacturing Industry in China 2012-2016
