SEMA Show Market Background

- Nov 05, 2018 -

SEMA Show Market Background

With China's accession to the WTO, domestic auto and motorcycle parts companies are increasingly focusing on the development of foreign markets while strengthening the domestic market. In the US market, which is among the world's leading auto parts industry, professional buyers are paying more attention to the cheap and good Chinese auto parts products. In the good situation, in the process of developing the North American market, it is obviously not advisable for the domestic enterprises to enter the North American market. It is a scientific method to join the mature overseas professional market network.

SEMA has accumulated valuable market resources during its forty-three years of development. With more than 6,466 member companies worldwide, its global retail sales exceed US$27 billion annually, making it the most powerful automobile and motorcycle parts trading network in North America. The annual SEMA Show Auto Show, with the strong support of the SEMA Trade Network, provides an opportunity for domestic companies with a strong presence in the North American market to have close contact with North American professional auto parts buyers. By participating in the SEMA Show, companies can gain first-hand market information, gain a comprehensive understanding of North American market dynamics, acquire orders, and gradually enter the North American market.

The North American market is the world's largest auto parts demand market. The market capacity of auto parts only in the US is 60 billion US dollars. More than half of them rely on imports, and the province's automotive bearings, axles, hydraulic parts are also the dominant products in the North American market. huge. According to statistics, the annual sales of the US market account for one-sixth of the global market.

The US auto parts market is surprisingly large. For example, according to the current US car ownership, the Americans currently change oil and routine maintenance once an average of 5,000 miles (8,000 km), if the average mileage is reduced to 4,900 miles. It can increase the market capacity of 65 million US dollars every year.