What is the size of the auto parts industry?
2023-04-13
Auto parts reached $1 trillion last year, and according to the latest data, the growth will be even more rapid in 2022, and experts predict that by 2028, sales will exceed $1.9 trillion.
In recent years, every industry is faced with the production reform, and the automobile industry is no exception. Its mode of operation has gradually changed into the large-scale and intensive professional machinery production mode, and the manual has been replaced by most of the machinery. The advantage of this is that the cost has been reduced to a large extent.
Starting from 2020, an emerging trend of auto parts manufacturers is to become increasingly independent. However, China does not possess high technology and capability in this area, so it needs to change for this problem.
Auto parts reached
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