Counterfeit Auto Parts Black Market Value: $16 Billion





Data on the black market in Counterfeit Auto Parts


Counterfeit Auto Parts in Saudi Arabia

Counterfeit Auto Parts in Saudi Arabia is estimated to worth $3.4 Billion (13 Billion Riyal).

Half of all auto accidents that lead to deaths in Saudi Arabia in 2007 was caused by counterfeit auto parts.

Source: “Fake parts main cause of accidents,” Arab Times, October 29, 2009.

More than half of all cars in China have counterfeit parts inside

56 percent of all vehicles in China were found to have a counterfeit part in it.

Source: Autoweb, “Intellectual Property Theft in the Automobile Industry,” July 2006, page 5.

Counterfeit Auto Parts in the European Union

Between 5 to 10 percent of all replacement auto parts in the European Union are counterfeits.

Source:  Autoweb, “Intellectual Property Theft in the Automobile Industry,” July 2006.

Counterfeit losses of different industries in UAE

According to a report by KPMG, the following are losses due to counterfeiting that occur in the United Arab Emirates.

  • Food and Beverage: $9.5 Million
  • Cigarettes: $15.49 Million
  • Household Products: $3.4 Million
  • Auto Parts: $476.8 Million
  • Pharmaceutical Drugs: $1.3 Million
  • Cosmetics: $37.7 Million

Total losses to counterfeit goods based on these products: $544.1 Million.

Source: KPMG, “Economic Impact Study : Analyzing Counterfeit Products in the United Arab Emirates,” January 2008, page 10.

50 percent of motorbikes sold in Vietnam are counterfeit

Out of the one million motorbikes sold in Vietnam each year, about 50 percent of the bikes are counterfeit versions.

Source:  “The fight against counterfeit goods,” Look at Vietnam, August 2009.

Counterfeit Auto Parts in India

The counterfeit auto parts market in India is estimated to be between $1 billion to $1.3 billion.

Source:  “Combating Counterfeiting and Grey Market – A Challenge for Indian Corporates,” KPMG in India and FICCI, December 22, 2008.

Toyota faces losses of 20 to 30 billion yen in China

It is estimated that car maker Toyota losses an estimated 20 to 30 billion yen ($210 to $320 million) to counterfeit auto parts in China each year.

Source:  Han Jingyi, ““Cracking Down on Counterfeit Goods”: Toyota Corporation’s Policy for the Chinese Market,” China Intellectual Property Magazine, June 2008.

Counterfeit Auto Parts Market Value: $16 Billion

Counterfeit Auto Parts is the selling of unauthorized parts to be used in the repair and maintenance of an automobile.

The counterfeit auto parts market is estimated at $16 Billion.

This is higher than the previous $12 Billion estimate.

Source: David Blanchard, “While Automotive Industry Slumps, Bogus Suppliers Are Cleaning Up,” Industry Week Forums, August 20, 2008.

Fake parts reportedly cost Ford $1B,” CNNMoney.com, January 22, 2007, (accessed: September 25, 2007).

China accounts for $9 billion of counterfeit auto parts loses

Sources: Associated Press, “U.S. firms fighting the flood of fakes,” MSNBC.com, July 7, 2006,(accessed: July 10, 2006).

37 percent of auto parts sold in India are counterfeit

Source: Automotive Aftermarket Suppliers Association, “Counterfeiting-FACTS,”(accessed: May 1, 2006).

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