Asia undergoing rapid tech change
- September 19, 2017
- Posted by: Alan Feldberg
- Category: News
Asia’s automotive industry is undergoing rapid technological changes according to Automechanika Shanghai.
The change is being driven by the world’s ever-growing consumer demand for new energy vehicles, faster workshop speeds, increased customisation options and improved in-car technologies.
As a result, Asia’s largest trade fair dedicated to the global automotive service industry – Automechanika Shanghai 2017 – will welcome around 6,000 exhibitors and 130,000 visitors, and is expected to house some of the latest advancements from both the global and domestic automotive industries.
One company looking to take advantage of the rapid change is adhesives business Henkel, which claims that Asia’s growing number of car sales and ownership is also an attractive prospect for the sector. ‘Compared to the overseas market, the growth momentum in the Asian auto industry appears to be more obvious, with car ownership in China alone surpassing 200 million in March 2017,’ said Shaohua Fang, APAC vehicle repair and maintenance business director for Henkel.
‘Thanks to this, as well as the growing expectation for higher quality and improved service, the aftermarket sector in the region expects a 30% year-on-year growth in the coming years, becoming a trillion dollar industry by end of 2018,’ he continued.
Automechanika Shanghai will take place from 29 November – 2 December at the National Exhibition and Convention Center in Shanghai.