Article by hi joiney
Year drew, inventory of domestic Electronic Market, another highlight of the fastest growing in 2009, is the car industry GPS Its Sell Amount has reached 50 billion, annual sales growth of over 50% growth over Car Market. According to statistics, car GPS market, I swim in any GPS brand, represented by a dozen major, independent brand, as many as 300 car GPS manufacturers, as white plates and cottage is endless. The face of such popular car GPS market, particularly in its concern for the local outbreak is like from there to overnight, people ask, the rapid development of the domestic car GPS market, the source for that? A domestic Auto Accessories Show midst of the crowd China’s huge auto consumption market is the car GPS market, the source for the development of Is well known, GPS navigation is the standard car is a general trend, according to the latest data showed U.S. auto GPS penetration rate of 65% in the penetration rate of EU countries and Japan is even higher, respectively 73% and 76% . In contrast, China’s car GPS penetration rate is still less than 10%, while the figure in developed countries and there is a considerable gap, but we are also pleased to see the last two years, as car ownership in China are constantly rising, car into ordinary family, GPS as a key vehicle components, being from strange to familiar, universal speed is very fast, it also brings GPS market opportunities. According to statistics of China Association of Automobile Manufacturers, the Chinese automotive market by 2006 consumption of 7,279,500, this figure jumped to 8,882,400 in 2007 when both, an increase of 22.2%, while the deadline to the end of 2009, the new increased consumption of more than 13 million vehicles, compared with the 2008 growth rate of over 30%. At the same time, China’s current total vehicle sustained increase, according to Ministry of Public Security show that as at the end of August 2009, car ownership in China reached 71,856,900. With the continued acceleration of urbanization process, as well as a large number of popular cars brought traffic congestion and allow people to travel by car to feel all sorts of inconveniences, often lost and beset by traffic jams, while the face of high prices of auto-loading and GPS the drawbacks of poor extensions, car GPS, with its portability, economy, functionality and good scalability advantages of convenient travel to assume the “mission”, more and more by car owners and car consumer groups of all ages. Demand is the source for the growth of the Chinese market for civilian GPS is the maximum power from a large, sustained and rapid growth of the automotive market. Civilian vehicles in China is only 53 thousand holdings, while Europe and Japan more than 600, China’s car penetration is still low, even lower than some of the least developed countries and regions, China’s auto market is now in growth phase of the outbreak continued , according to the Xinhua report forecast a letter in 2009, passenger car sales in 2010 expected to reach 15.125 million, up 15.2%, that is a conservative estimate, in 2010 will add more than 15 million vehicles. Car GPS with 2009 sales of more than 50% growth rate over the automotive market is not hard to understand, based on China’s auto consumption market, the continued explosive growth, the growth trend in car GPS will certainly continue to rise.
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