- Nov 26 2014
Hong Kong Automotive Parts and Components
About this product:
The Hong Kong automotive parts and components market is small, US$ 410 million, which is about 2% of the Mainland China market. Hong Kong has no automotive manufacturing and thus all vehicles are imported. Automotive parts and components
demand is limited to aftermarket supply for maintenance and repair. There are limited export opportunities for U.S. exporters because European and Japanese suppliers dominate the vehicles and the corresponding parts and components market. That being said, there are export opportunities for auto-related technology to Hong Kong as Hong Kong’s automotive parts manufacturers, who focus on high value-added products for local and export markets, are hungry for new technology and manufacturing processes. In addition, there are also opportunities for U.S. exporters to sell high technology auto accessories and gadgets, which are in demand by Hong Kong consumers.