Brake
part exports from China have been registering an average growth rate of 43% in
each of the past two years. Overseas shipments are expected to increase 30%, to
US$1.4 billion in 2006. The
buyers sourcing brake parts from China can expect higher prices, wider product
ranges and faster design/delivery times in the coming months. These findings are
based on in-depth manufacturer interviews, factory visits and surveys. "About
80 % of China's brake part exports are intended for the aftermarket," said
Global Sources' general manager of Content Development Michael Kleist. "Less
than 20 % go into assembly lines due to the challenge of meeting stringent international
certification requirements. In addition, most top carmakers already have long-standing
relationships with established brake part manufacturers."
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