Parts expo reflects growing demand in sector

Held concurrently with the ongoing 2013 Guangzhou Auto Show, two massive auto parts exhibitions are attracting attention from businesses within China and abroad.

As the country's automotive industry matures, the demands for spare parts, components and accessories continue to increase rapidly. In response to this trend, the Guangzhou Automotive Parts and Accessories Trade Show and the China International Automotive Dealership Service Fair were launched.

Statistics show that China's auto parts industry accounts for 35 percent of the country's entire automotive industry. The proportion is 60 to 70 percent in developed economies, leading analysts to speculate that there is great potential for growth in the market.