Analysis of the Development Trend of the Automobile Parts Market with Broad Prospects

Since the beginning of the 21st century, the rapid development of China's auto industry has resulted in the production and supporting systems of various types and entire series of complete vehicles and parts. The industrial concentration has been continuously improved, and the level of product technology has increased significantly. It has become a world leader in automobile production. Thanks to the continuous increase in the production and sales volume of domestic automobiles, the continued increase in the number of possessions and the globalization of spare parts procurement, China's auto parts industry has made considerable progress.

The status of auto parts market

As the basis for the development of the auto industry, auto parts and components are the industries that the country has long supported in its development. According to the “Analysis Report on the Investment Prospects of Auto Parts Manufacturing Industry” released by the Industry Research Institute of Foresightedness Industry, at the end of 2016, the operating income of enterprises above designated size in China's auto parts manufacturing industry totaled 3.72 trillion yuan, a year-on-year increase of 15.89%, and the total profit was 2825.26. 100 million yuan.

China's auto parts manufacturing industry scale changes

With the continuous improvement of the industry’s overall technology level and R&D capabilities, China’s auto parts industry not only forms a complete industrial chain with domestic automakers, but also plays an increasingly important role in the global auto accessory market, becoming the most important global One of the auto parts manufacturing and exporting countries, the pace of globalization and internationalization is accelerating.

China's auto parts are mainly exported to countries and regions where the United States, Japan, the European Union and other auto industries are developed. At the same time, they are gradually opening up new markets such as Latin America. From 2009 to 2014, China's auto parts exports rose rapidly, from US$25.474 billion in 2009 to US$64.815 billion in 2014, with an average compound annual growth rate of 20.49%. Since 2015, China’s auto parts exports have declined slightly. However, in 2016, it still reached US$60.250 billion.

Changes in the export scale of auto parts and components

As a whole, China's auto parts market has broad prospects, but there are still problems such as the lack of simultaneous development capability with the entire vehicle industry, weak self-development and system integration capabilities, and the inability of automotive mold and new product development to fully meet the needs of the rapid development of the automotive industry. .

Industry Development Trend Analysis

In recent years, the auto parts industry has developed toward modular manufacturing and integrated supply. Facing the increasingly fierce market environment, major auto companies in the world are focusing on their own core businesses or advantageous businesses, and have turned from traditional vertical management and pursuit of large-scale production models to streamlining institutions and developing specialized vehicles. The production model will invariably reduce the self-preparation rate of parts and components and purchase auto parts products with comparative advantages on a global scale.

Under the general trend of advocating environmental protection, the society pays more attention to the performance of automobiles in terms of weight reduction, energy conservation, and safety and efficiency. A series of performance requirements for vehicle manufacturers, such as lightweight, environmental protection, low cost, and long life, have been proposed for parts suppliers. huge challenge. Low-carbon economy is an inevitable choice for achieving sustainable development in the future. Under the background of increasingly severe environmental and energy pressures, some companies that are unable to meet the standard are gradually eliminated and objectively improve the overall quality of the industry.