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.
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- Tags: Counterfeit Auto Parts, Saudi Arabia Black Market | April 7th, 2010
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.
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- Tags: China Black Market, China Counterfeit Market, Counterfeit Auto Parts | August 26th, 2009
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.
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- Tags: Counterfeit Auto Parts | August 26th, 2009
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.
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- Tags: Counterfeit Auto Parts, Counterfeit Cigarettes, Counterfeit Cosmetics, Counterfeit Drugs, Counterfeit Food, United Arab Emirates Black Market | August 26th, 2009
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.
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- Tags: Counterfeit Auto Parts, Vietnam Black Market | August 6th, 2009
Counterfeit Auto Parts in India
The counterfeit auto parts market in India is estimated to be between $1 billion to $1.3 billion.
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- Tags: Counterfeit Auto Parts, India Black Market | July 22nd, 2009
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.
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- Tags: China Black Market, China Counterfeit Market, Counterfeit Auto Parts, Japan Black Market | July 22nd, 2009
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.
“Fake parts reportedly cost Ford $1B,” CNNMoney.com, January 22, 2007, (accessed: September 25, 2007).
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- Tags: Counterfeit Auto Parts | May 10th, 2008
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).
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- Tags: China Black Market, China Counterfeit Market, Counterfeit Auto Parts | April 26th, 2008
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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- Tags: Counterfeit Auto Parts, India Black Market | April 26th, 2008


