Review of 2010 Auto Component Market and Prospect in 2011 | Fastener World Inc.

2010/12/29
by Nai Chih Suei at Industrial Research Dept., MIRDC

1. Review of Global Automotive Industry in 2010
Entering the post-financial crisis era, the global automotive industry is heading toward 3 major developing trends:

Trend 1: The driving force of the global automotive market will accelerate to dislocate to new emerging markets

With the impacts of the financial crisis, the production and sales of the global automotive market in 2009 both dropped substantially, especially in Europe, the U.S., and Japan, whereas those of China hiked due to the substantial domestic demand and the carryout of new policies, successfully kicking the U.S. out to become the larges….

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