A Never Ending Journey--Automechanika Shanghai 2019

Automechanika Shanghai is a popular name for Shanghai International Trade Fair for Automotive Parts, Equipment and Service Suppliers. It is the second largest auto parts brand fair after Automechanika Germany in the world and will be grand held at National Exhibition Center in Shanghai.

It has emerged as an optimized platform that gathered communication, socialization, promotion, education, marketing and trade integration in the global automotive industry after 13 years rapid development since 2004.

In addition, Automechanika Shanghai will reach 360,000 square meters of exhibition area this year. It is expected to attract over 6,500 exhibitors and 150,000 high quality buyers and target visitors to celebrate the event together.

Automechanika Shanghai, which is deeply cultivating for many years, has already become the annual event for the global auto industry. As its increasing influence, the exhibition continues to breakthrough on its scale, exhibitors and quantity of the visitors. Nowadays, it has become a first high quality service platform integrating four functions of information-connecting, trade-promoting, business-serving and industry-educating.

The recent economic data of the first half of 2017 released by the National Bureau of Statistics, the current economic in China is gradually stable. It remained within a reasonable range, showing a good pattern of steady growth, good employment, stable price and supply quality and efficiency improvement.

In the economic growth rate, GDP in the first half of 2017 increased by 6.9% year-on-year and about 0.2 percentage points higher than the same period of last year. This is also the highest in the fourth quarter of 15 years.

Up to the second quarter of this year, the growth rate of GDP has stabilized in a medium-to-high speed range between 6.7%~6.9% for eight consecutive quarters, indicating that China`s economic fluctuations have already stabilized.

In 2017, there have been new changes in the domestic auto market and aftermarket. The total amount of automotive is still at a high level, and the impact of the aftermarket is more growing.

According to the statistics of the Automobile Industry Association, the sales of cars in the country have exceeded 28 million. The Traffic Management Bureau showed that the number of motor vehicles exceeded 300 million for the first time, and the number of vehicles reached 200million. The transportation department expects that the average annual growth rate of auto aftermarket in China will exceed 30% in the future. After 2018, the market scale is expected to break by one trillion Yuan and will reach 214 billion US dollars by 2020.

The auto aftermarket remains robust in this first half of year, with a nearly 20% year-on-year increase. In addition, the average age of automobile in China will expect to exceed 5 years in 2018. In accordance with the development history of developed countries, once the vehicle age is more than 5 years, the auto aftermarket will usher in new prosperity!

China`s new car market has reached the top of the world for 7 years and its vehicle ownership more than 200 million. Under this background, auto industry has entered into stock market, and aftermarket will fully go into the era of brand-developing. The national consumption upgrade is accelerating and the potential of vehicle personalization is huge in the market!