Data For: counterfeit auto parts
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).
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.
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.
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.
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).
$200 million in lost sales for Hyundai due to parts from China
Around $200 million is lost in sales of auto parts to South Korean auto manufacturer Hyundai due to counterfeit parts made in China.
Source: “Chinese Imitations Undermining Korean Exports,” The Chosum Ilbo, January 15, 2007,(accessed: January 24, 2007).
