China's modified car parts market has a potential of tens of billions yuan

Recently, Jimmy Kotz, Chairman of the Board of Directors of the United States Automobile Conversion Products Association (SEMA), told the China International Auto Parts Development Summit that the potential of China's modified auto parts market is worth several billion yuan.

Coates believes that China's modified car market has great potential. Once the policy is relaxed, it may reach the scale of tens of billions of dollars. The relevant parts and components, such as tires, interiors and other components, have very good business prospects. If you enter this field, you will benefit a lot. We are willing to build bridges for Sino-American refitting companies.

According to Koz, the modified car appeared in the 1950s. From the initial race car to the later ordinary cars, the modified car took a long time to enter the lives of ordinary people. People added braking systems, turbochargers and some special materials used to be exclusive products for racing to their own cars. At present, the global car market consumption reached 36.7 billion U.S. dollars, an increase of 350% from five years ago.

According to Kotz, the modified car parts industry is a very important branch of the automotive industry. With the increasing prosperity of the global modified car industry, the modified car parts industry has made considerable progress. At present, there are more than 7,000 professional car parts suppliers worldwide.

The world's largest market for modified cars is in the United States, and now 1 million people in the United States are engaged in the industry, and full-fledged modified cars are favored by Americans. According to reports, the North American Tuning Car Show will be held every year in Las Vegas. Auto manufacturers from all over the world will display their modified cars. Last year, the show attracted a large number of modified car fans in more than 100 countries around the world.

Cotes said: "Regular companies can make reasonable modifications to vehicles, not only improving vehicle performance, but also making driving safer. Modified vehicles are a major trend in the global automotive consumer market, and they hope to gain the support of the Chinese government."

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