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China became the world’s largest consumer for motor vehicles, surpassing the U.S. in 2010; however the per capita vehicle population for the country remained low at 188 in 2013. This indicates a large non-penetrated market for automobiles in the region. The international automobile companies are entering the Asia Pacific market in order to en-cash the growing economies in the region. Asia Pacific countries have large vehicle life as with their limited income automobiles remain as one of the important asset of their household. This favors the aftermarket supplies of automobile manufacturing market in the region as the people prefer to replace parts even for the old vehicles instead of buying a new vehicle. Obsolescence is one of the major restraints for the auto parts manufacturing industry which regularly affects auto parts production as with the change in technology the parts manufactured with existing technology finds less uغير مجاز مي باشدe. For instance, the move into non petrol fueled vehicles has affected the petrol based auto parts to a great extent.  غير مجاز مي باشدt of labor plays an important in the profitability of auto parts manufacturing firms and it proves to be substantially beneficial for the company to operate manufacturing facilities at locations where labors are cheaper. The auto manufacturing industry is highly involved in the research and development (R&D) activities, however the big firms have large R&D benefits over the smaller one due to advantage of capital access with the former. Relationship with OEMs is one of the important factors for the sales in the auto parts manufacturing market as the market is flooded with a large number of players. TOC of this report is available upon request.persistencemarketresearch.Global auto parts market is consolidated where few big companies control most of the market share. The key companies in the auto parts manufacturing market include Robert Bosch GmbH, Denso Corporation, Continental AG, Magna International Inc., Aisin Seiki Co., Johnson Controls Inc., Faurecia and Hyundai Mobis. The majority of companies in auto parts manufacturing market belong to Germany, Japan and the U.S. About Us Persistence Market bathroom footstools for sale Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services.