中文

Automotive component industry development
Release Time: 2019/10/17 16:20:01

As the basis of the automobile industry, auto parts are necessary factors to support the sustainable and healthy development of the automobile industry. In particular, the current auto industry is undergoing vigorous development and innovation, and it needs a strong component system to support it. The independent brand and technological innovation of the whole vehicle need parts and components as the basis. The independent innovation of parts and components has a strong driving force for the development of the whole vehicle industry. They are mutually influential and interacting. There is no independent brand of the whole vehicle, and a powerful parts system. The ability of R&D and innovation is difficult to achieve. Without the support of a strong component system, the self-owned brand will be difficult to sustain.

From January to December 2005, China's total auto parts and accessories manufacturing enterprises realized a total industrial output value of 383,800,955,000 yuan, an increase of 18.67% over the same period of the previous year; the cumulative product sales income reached 375,265,815 thousand yuan, an increase of 20.21% over the same period of the previous year; The accumulated total profit was 21,462,002 thousand yuan, a decrease of 9.09% over the same period of the previous year.

From January to December 2006, China's total auto parts and accessories manufacturing enterprises realized a total industrial output value of 539,704,996 thousand yuan, an increase of 34.35% over the same period of the previous year; the accumulated product sales revenue was 527,234,933,000 yuan, an increase of 34.71% over the same period of the previous year; The accumulated total profit was 32,605,655,000 yuan, an increase of 46.79% over the same period of the previous year; as of the end of December 2006, the number of enterprises above designated size in the whole industry was 6,142.

From January to November 2007, China's total auto parts and accessories manufacturing enterprises realized a total industrial output value of 683,525,503,000 yuan, an increase of 37.34% over the same period of the previous year; the accumulated product sales revenue reached 663,529,269 thousand yuan, an increase of 37.45 over the same period of the previous year. %; realized total accumulated profit of 48,487,363 thousand yuan, an increase of 68.61% over the same period of the previous year; as of the end of November 2007, the number of enterprises above designated size in the whole industry was 7,171.

From the industry operation in January-October 2010, the total profit of the auto parts industry is still growing, but the growth rate is slowing down; the import and export volume is also increasing, but the imported products are high-margin and high in gearbox and engine parts. Value-added, high-tech products are the main products, and export products are mainly labor-intensive and resource-consumption-type with low barriers to entry, such as tires and electronic instruments. The downstream vehicle industry has overcapacity in a certain period of time. Although there has been unconventional rapid growth under the national stimulus policies in 2010, the growth rate of production and sales slowed down in 2011, and the pressure on overcapacity increased. The industry may be under pressure from larger profits in the second half of the year. The main problems facing the industry are being squeezed by both upstream and downstream. The industry faces a double-pressure component industry, which is a two-crowded industry, lacking bargaining power for upstream and downstream. The upstream raw materials are mainly steel, rubber, plastics, fabrics, etc. The price is ultimately determined by the prices of commodities such as steel, petroleum, and natural rubber. Auto parts companies can only avoid risks by judging the trend of upstream commodity prices. At the same time, most of the downstream vehicle manufacturers are large enterprise groups. They are in a strong position in the interests of the parts manufacturers, and have strong negotiating ability. They can pass the cost pressure on the auto parts industry. Therefore, the parts are actually at the two ends. The squeezed "sandwich" sandwich position.

In 2011, the sales value of China's auto parts sales has exceeded 2 trillion yuan, and will continue to increase by more than 20% in the next few years. It is estimated that by 2015, the scale of production of China's auto parts industry will reach 2.5 trillion yuan. Since 2002, China's automobile production and sales have maintained rapid growth in the past 10 years, and the automobile industry has developed into a pillar industry of the Chinese economy. In 2009, China's automobile production and sales both exceeded 13 million, ranking first in the world. By 2011, China's automobile production and sales exceeded 19 million, ranking first in the world for three consecutive years.

With the increasing competition in the auto parts industry, M&A integration and capital operation among large auto parts companies are becoming more and more frequent. Domestic excellent auto parts manufacturers are paying more and more attention to the research of the industry market, especially for the development environment of enterprises. An in-depth study of changes in customer demand trends. Because of this, a large number of domestic excellent auto parts brands have risen rapidly and have gradually become the leader in the auto parts industry. For details, please refer to the “In-depth Market Research and Investment Prospect Forecast Analysis Report of China Auto Parts Manufacturing Industry”!

Domestic parts are mainly used for self-owned brands, and the market share is low. The data of the Ministry of Commerce shows that foreign capital controls most of the market share of auto parts, and domestic parts sales account for only 20%-25% of the entire industry. Auto parts manufacturers with foreign-invested background account for more than 75% of the entire industry. Among these foreign-funded suppliers, 55% are wholly-owned enterprises, and 45% are Sino-foreign joint ventures. Local parts are mainly used in self-owned brands, and their market share is low. In the high-tech content areas such as automotive electronics and engine parts, the foreign market share is as high as 90%. Among them, the output of core parts such as automotive EFI systems, engine management systems, ABS and airbags, automatic transmissions, etc. The proportions are 100%, 100% and 91%, 69% respectively.

It is becoming a global trend for auto parts manufacturers to break away from vehicle manufacturers and form specialized parts groups. Almost all internationally renowned auto and parts companies have established joint ventures or wholly-owned enterprises in China, and more than 1,000 technology joint ventures have been introduced. A number of domestic auto and parts companies with high technology content, good efficiency and large scale have gradually grown up. With the international auto industry beginning to implement the "global procurement" strategy for parts and the promotion of localization strategies by international multinational auto companies, there will be huge gaps in parts and components in the domestic market. By 2010, the domestic output value of China's auto parts will reach 700 billion yuan.

In a certain period of time, although the global economy has declined overall, according to the actual procurement practices of the past four to five years, the results of China's procurement are not as optimistic as many companies predict, and almost 80% of companies have not reached their purchases and purchases. The goal of cost. With the appreciation of the renminbi and the decline in the export tax rebate rate, China's procurement is facing more pressure. International buyers have already turned their eyes to other countries and regions such as Vietnam, India, Thailand and Australia. From the above perspective, China's auto parts industry will continue to accelerate growth under the current financial crisis.
 

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