South Africa auto parts market has great potential, the future is immeasurable

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South Africa auto parts market has great potential, the future is immeasurable

Postby admin » Wed Aug 02, 2017 12:15 am

South African car production ranks first in Africa, and this sector is the country's second largest industrial sector, is also the fastest growing sector. The automobile industry has become the largest and important part of South Africa's manufacturing industry, the South African auto industry ranks the world's top twenty, auto parts market space is broad.

South African car production ranks first in Africa, and this sector is the country's second largest industrial sector, is also the fastest growing sector. The automobile industry has become the largest and important part of South Africa's manufacturing industry, the South African auto industry ranks the world's top twenty, auto parts market space is broad.
South African car exports have increased fourfold since 1994, accounting for about 7% of the country's total exports. The entire South African car-related industry (including automobile manufacturing, sales, service, spare parts) is South Africa's third largest industry, second only to the mining and financial services sector, creating 7.2% of the national GDP, providing employment opportunities for 29 million people The
The continued implementation of the South African Automotive Industry Development Program (MIDP) has gradually reduced tariff protection and promoted the integration of the South African auto industry with the international market. Since 1995, South African imports of cars accounted for the proportion of its domestic total sales of new cars continued to rise, auto manufacturers of spare parts imports continue to grow, showing good prospects, adding the confidence of international investors.

The world's leading car manufacturers such as BMW, Ford, Volkswagen, General Motors, DaimlerChrysler, Toyota, Nissan, Fiat and so on in South Africa to establish a car production base, the annual total production of cars to 50-70 million.

South Africa's favorite car is BMW, the top three brands are Toyota, Volkswagen and Ford, other popular brands include Opel, Nissan, Mercedes-Benz, BMW, Audi, Fiat, Isuzu, Mazda, Hyundai, Kia, Tata , South Africa is currently no independent car brand.

At present, the South African auto industry has become an international manufacturers for the region and the global market an important production base. In order to take full advantage of the low cost of local labor, they are facing market opportunities for the EU, the Southern African Development Community Free Trade Zone, which has signed free trade agreements with South Africa.

At present, the South African market, the main types of cars are general cars, light commercial vehicles, medium-sized commercial vehicles and heavy commercial vehicles and other four, of which the general car has become the mainstream of the sales market.

In South Africa, used cars are more popular than first-hand cars, top cars and limousines are cheaper, oil prices higher than China, all imports of oil.

The development of the automobile industry in South Africa and the prosperity of the automobile market undoubtedly mobilize the huge demand of auto parts for auto parts, for which the market potential of South African auto parts is huge and the market size can not be small. In addition to spare parts for vehicle OEMs, South Africa's auto repair spare parts market sells for $ 2 billion a year. At present, South Africa's car ownership of nearly 10 million. Of which half of the car more than a decade, repair auto parts market is very large.

Eight of the world's top 10 auto parts suppliers have invested in South Africa, three of the world's four largest tire manufacturers have invested in South Africa, and more than 200 parts manufacturers in South Africa The

At present, the South African auto parts import tariffs in a small state. According to the South African Ministry of Trade and Industry statistics, the country's OEM auto parts reached nearly 5 billion US dollars, other auto parts imports amounted to about 1.5 billion US dollars, compared with previous years increased by 30%.

From the import point of view, vehicle parts and accessories imported from Germany the most, followed by China Taiwan, Japan, the United States, mainland China, Britain and France.

Data show that China's exports to South Africa's auto parts, accounting for China's exports to South Africa, the percentage is very low. South Korea to see the Chinese car brands have auspicious (free ship, King Kong, Golden Eagle), Chery (QQ, A1, Tiggo), the Great Wall, Gio, Changan (micro-goods), Dongfeng truck, in the (MPV) The It can be said that South Africa on China's auto parts product recognition is still very small, South Africa auto parts market will be in recent years, China auto parts business next target country.

South Africa's car production ranks first in Africa, the automotive industry is South Africa's second largest industrial sector, but also the fastest growing sector, the entire South African car-related industries (including automotive manufacturing, sales, service, spare parts) is South Africa The third largest industry, creating 7.2% of the national GDP. While the South African auto market has also been the release of the South African auto auto market potential.

South Africa auto parts market demand is mainly reflected in two aspects: First, the original vehicle factory spare parts demand; Second, South Africa auto repair spare parts market demand, the current annual sales of this market has exceeded 2 billion US dollars. From the South African auto parts market demand to meet the way, the current South African OEM auto parts market reached nearly 5 billion US dollars, while the amount of auto parts imports of about 1.5 billion US dollars. South Africa auto parts market potential unlimited.

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