
According to the “Analysis Report on Forward-looking and Transformation and Upgrading of China's Internal Combustion Engine and Fittings Manufacturing Industry 2013-2017†released by the Industrial Development Research Institute, data shows that in 2012, the Chinese internal combustion engine and accessories manufacturing industry maintained a steady development momentum. The scale of the industry has been expanded. The number of enterprises above designated size is 546; the industry's total industrial output value and sales revenue are 163.901 billion yuan and 165.17 billion yuan respectively, and the scale of production and sales has expanded from 2011. The main downstream applications of the internal combustion engine and accessories manufacturing industry include automobiles, motorcycles, construction machinery and ships. Due to the force of the downstream market, China's internal combustion engine and accessories manufacturing industry prospects can be expected.
From the market trading situation of China's machinery industry in late February 2013, it can be seen that there is a busy season after the holiday. Among them, the boom of the internal combustion engine and accessories market was picking up, with 18% of the market transaction share ranked second. According to the analysis report on forward-looking and transformation and upgrade of China's internal combustion engine and parts manufacturing industry for 2013-2017, published by Qianjing.com, the automobile industry is a key demand area for internal combustion engines. The “12th Five-Year Plan for Automobile Industry Development Planning†pointed out that “ During the 12th Five-year Plan period, China's auto production will reach 28 million to 30 million vehicles, and the auto industry will grow at a rate of more than 12%, which will strongly promote the growth of the demand for auto internal combustion engines in China.
Forward-looking Industry Research Institute released the "2013-2017 China's internal combustion engine and parts manufacturing industry market forward-looking and transformation and upgrading analysis report" predicts that the next five years, China's internal combustion engine and parts manufacturing industry's output value will maintain an average annual growth rate of about 12% to In 2017, the output value of China's internal combustion engine and accessories manufacturing industry will exceed RMB280 billion.
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