Up to now, China's automobile ownership has exceeded 130 million, and by 2020 China's automobile production and sales will continue to grow rapidly, which means that China's auto parts companies, which are mainly in the automotive aftermarket, will continue to benefit from the increase in car ownership. Opportunities brought. Specific to the filter industry, as the quantity of the industry continues to grow, the industry market will maintain a growth rate of more than 15%. By three years, the size of the filter in the Chinese automotive aftermarket will further expand.
The demand for at least 5 (two oil filters, one air filter, one petrol filter and one air filter) filter per car per year is converted according to the 2012 car ownership base of 120 million vehicles. In 2012, the market demand for automotive filters in China was more than 600 million. According to the consumption of a total of 120 yuan for 5 filters, the size of China's filter market in 2012 was close to 15 billion yuan.
Foreign authorities predict that China's automobile production and sales will still maintain a growth rate of more than 13% by 2020, which means that China's car ownership will further increase. China's Automobile Industry Association predicts that the demand for automotive filters will reach 1.2 billion by 2018 in accordance with the current growth rate of car ownership. According to the demand of 5 filters per vehicle per year and the consumption amount of 120 yuan per year, the market size of China's filters will approach or exceed 30 billion yuan by 2018.
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