Friday, June 15, 2012

Reed forms new JV in China

News this week: Reed Exhibitions China has announced the launch of Reed Honda Exhibitions, a new joint venture in China, to serve the local automotive aftermarket sector through the Zhengzhou-based China International Automotive Aftermarket Expo & China Auto Accessories Trade Fair (CIAAF).

CIAFF will hold its ninth edition from 26th to 30th June this year at the Zhengzhou International Convention and Exhibition Center (ZZICEC) and it is expected that the show will reach 200,000 m2. The 2011 edition of CIAFF featured 3,100 exhibitors covering over 130,000 m2 of exhibition space and attracted 170,000 visitors.

According to Reed, the automotive aftermarket in China was valued at US$67.5 billion last year and is expected to grow more than 27% this year - with an emphasis on growth in second and third tier cities of Central and Western China.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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