Industry interpretation | The sales volume of auto parts category increased by 200% in a market worth $56 billion!

Auto parts are hot at sea, and the cross-border market is ushering in a new blue ocean!

While Chinese people are still chasing foreign auto brands, Chinese auto parts have gone global and swept overseas markets.

With the progress of science, technology and production research, in recent years, China's auto industry has developed rapidly, and the production scale of auto parts has been expanding. More and more auto parts have gone abroad and sold overseas.

According to the data of finance. yahoo., the global auto parts market will grow by about 2.9% in 2022, of which the Asia-Pacific region will grow by about 38%.

The development potential of foreign auto and motorcycle parts market is huge. Statista data shows that the global auto parts market size will reach US $56 billion in 2020, and it is expected to reach US $140 billion in 2027 and about US $292.6 billion in 2030. Among them, online sales will account for more than 20% of the total sales. It can be seen that the demand for auto parts market has increased rapidly, and online purchase of auto parts has become a new consumption channel for users.