According to a 2008 report by Report Buyer, the global market for counterfeit vehicle parts has grown exponentially over the last five years and is estimated to be worth $16 billion worldwide.  Furthermore, it is predicted to be growing at a rate of 9-11% annually.  Approximately $3 billion of industry loses occur in the US. These lost sales correlate to potentially 200,000 – 250,000 lost jobs, each paying about $60,000 in wages and benefits annually [1]. China is thought to be responsible for about $9 billion of the $12 billion in estimated annual losses to the industry due to counterfeiting [2]. The situation is equally worrisome in other parts of the world.  A National Council of Applied Economic Research (NCAER) study, commissioned by the Automotive Component Manufacturers Association of India (ACMA), said counterfeit auto parts constitute over 37 % of the total market size of Indian aftermarket parts [3]. In the European Union, it is estimated that 5-10% of all replacement auto parts are counterfeit while in China, a Commercial Times study found that 56% of cars in China have counterfeit parts [4].

 Special Report: Intellectual Property: Protecting Valuable Assets in a Global Market, Third Edition, MEMA Brand Protection Council, June 2009.