Auto wheel hub is an important part of auto parts. With the growth of China's auto parts industry, the wheel hub industry has gradually developed and grown.
Since 2010, the macroeconomic policy focusing on stimulating domestic demand has provided the foundation and guarantee for the steady development of the automotive industry. From the perspective of the automobile market in 2010, the impact of macroeconomic policies on the automobile market continued throughout the year. The annual automobile production and sales reached 18.264,700 and 18.061,900 respectively, reaching new highs in production and sales, and continuing to maintain the world’s largest automobile production and consumption. Country status. In 2011, the economy continued to maintain steady growth, and automobile production and sales are expected to continue to increase significantly; China's automobile production is expected to exceed 20 million in 2011 and reach 25 million in 2015. In the long run, the rapid growth of China's GDP provides a broad demand space for the automobile industry, and the demand for automobile wheels will increase with the growth of automobile sales. In the next few years, China's automobile sales are expected to continue to grow steadily, providing opportunities for development of the automobile wheel industry.
China's low-ownership rate and increasing purchasing power determine that China is still in a period of rapid automobile popularization. Liu Ruibai, a researcher in the automotive wheel industry of the Foresight Industry Research Institute, predicts that the annual production and sales of Chinese automobiles will reach 50 million vehicles in the future, and the corresponding wheels The domestic OEM and AM markets of the industry will be 39 billion yuan and 9 billion yuan respectively. With the continuous improvement of the international competitiveness of Chinese wheel companies, the size of the future wheel export market is expected to exceed 13 billion yuan. Benefiting from the continuous and rapid growth of domestic new car sales, the continuous increase in car ownership, and the improvement of the international competitiveness of Chinese wheel companies, the future market size of the wheel industry is expected to be close to 60 billion yuan, and it will continue to be fast in the next 3-5 years development of.