According to China
Automobile Seals Supporting Report, 2014-2017 by SinoMarketInsight,
it is expected that, stimulated by the expanded auto-making capacity,
automobile weatherstrip will experience sustained growth in
production over the next few years, and the demand for automobile
weatherstrip will hit 1.381 billion meters by 2017.
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Tightness is an
important indicator to measure complete automobile quality, and seals
are one of the most widely used parts in automobile. The excellent
durability and longer service life of automobile weatherstrip makes a
relatively small after-sales maintenance market, and the demand is
mainly concentrated in complete automobile supporting field. In 2013,
China’s demand for automobile seals was 995 million meters, up
14.8% from a year earlier.
Regarding the
competitive landscape of the market, automobile weatherstrip is
analogous to overall auto parts pattern in China. Local Chinese
automobile weatherstrip companies support mainly homegrown brands and
low-emission models, while most joint-venture brands and high-end
auto models prefer weatherstrips from large multinational auto parts
companies.
In 2013, China's
domestic seals companies held about 44% market share, with the
remaining 56% or so occupied by joint ventures or foreign companies.
As of 2013, 20-30 wholly foreign owned enterprises, Chinese-foreign
joint ventures and local Chinese companies took up over 90% of
automobile weatherstrip market in China.
In 2013, major
automobile seals suppliers in China included Huayu-Cooper Standard
Sealing Systems Co., Ltd, Beijing Wanyuan-Henniges Sealing Systems
Co., Ltd., Kinugawa Rubber and Plastic Guangzhou Co., Ltd., Shanghai
Nishikawa Sealing System Co., Ltd., Tianjin Star Light Rubber and
Plastic Co., Ltd., and Hwaseung Automotive Parts (Taicang) Co., Ltd.;
major local companies were AVIC Guizhou Guihang Automotive Components
Co., Ltd., Jianxin Zhao’s Group Corp. and Chongqing Jiaxuan
Automobile Sealings Co., Ltd.
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