Automobile Components Market Profiles & Briefs

Opportunities for Sri Lankan Parts and Accessories of Motor Vehicles in Turkey

Automobile Industry and and Automotive supply industries are major industries and sources of exports in Turkey, As it can be seen, Rubber is an essential material in mentioned industries and therefore there is a constant demand for all kinds of Rubber products especially in Automotive sector.

With respect to Rubber, it’s thought that Turkey may offer opportunities for Sri Lankan exporters, with regards to natural rubber, Turkey is completely dependent on imports however Turkey has the advanced technology to process it and turn Rubber into value added products. Therefore, it’s thought that opportunities for Sri Lankan value added products will be limited because of Turkey’s processing facilities and Turkey’s current share of imports from Sri Lanka’s competitors.

Opportunities for Sri Lankan Auto Mobile Components in French Market

The French automotive industry is a key sector for the French economy. Though the over capacity that characterized French markets has slowed down import. French OEMs suffering from price competition are transferring the price pressure onto their local suppliers; making sourcing beyond European borders an attractive alternative yet another opportunity for competent newcomers from DCs. A fast growing market in Europe is the aftermarket. End consumers tend to reduce the cost of ownership by using non-original spare parts when servicing their cars. This huge segment, too, offers many opportunities for suppliers from DCs. The success factors for DC exporters pursuing any of these openings, by becoming a player in the global supply chain, delivering to subsidiaries abroad, getting integrated as a contract manufacturer or serving the aftermarket in Europe, is reliability and a sustainable combination of excellent quality and low, fair prices.

Opportunities for Sri Lankan Produced Automobile Components in Brazil

Brazil is the largest automobile market in South America with over 2 million units in vehicle sales annually. It is also the largest producer of automobiles in the continent and the 9th largest in the world with over 40 manufacturing facilities. Currently, Fiat, Volkswagen General Motors and Ford dominate the market with nearly 70 percent of sales. However, recent developments reveal that Korean and Japanese brands have been making steady gains in the market.

Opportunities in Kuwait for Sri Lankan Automobile Components

Automoble sector is the largest import market in Kuwait at present with the value of USD 4,757,931 in 2015. It shows continuous growth from 2010 with little drop down in 2015 and 2016. Main imports to Kuwait remain Sri Lanka has no considerable business relations with Kuwait in this sector.

Opportunities for Sri Lankan Automotive Components in South Africa

The Automotive Industry is the largest manufacturing sector in the South African economy. The wider industry contributed approximately 7.2% to the GDP of South Africa in 2014.

There has been a significant growth in both export and domestic business since 2010 according to the APDP (Automotive Production and Development Programme) report. This offers an opportunity for the potential Sri Lankan exporters.