Development trends of my country's auto parts industry

Development trends of my country's auto parts industry

① my country's auto parts industry has broad prospects. In the future, it will accelerate the pace of restructuring and gradually form industrial clusters. The auto parts industry is a supporting industry for vehicle manufacturing, and its industry development prospects are closely related to the development prospects of the vehicle manufacturing industry. my country's vehicle manufacturing industry is in the industrial growth stage, and the per capita car ownership is still very low. It is in the consumption upgrading stage represented by automobile consumption. Domestic automobile demand will continue to grow, and the market capacity is large.

There are a large number of auto parts companies in my country and a large number of employees. However, there are common problems in the industry such as insufficient investment by individual companies, dispersed funds, lack of highly sophisticated talents, and low product technology levels. As a result, the scale of companies in the industry is generally small, industry concentration is low, and production technology and management experience are lagging behind. In the future, my country's auto parts companies will face fierce market competition and will accelerate the pace of industrial integration. Through mergers and reorganizations, listing and financing, they will expand the scale of enterprises, improve technology and management levels, and form some companies with international competitiveness in market segments.

With the deepening of the scale and specialization of my country's auto parts companies, the industrial clusters in the auto parts industry have begun to take shape. Six major auto parts industry clusters have been initially formed, namely Northeast, Beijing and Tianjin, Central China, Southwest, Yangtze River Delta, and Pearl River Delta. The industrial cluster effect will accelerate the competitiveness of my country's auto parts industry.

②The further development of my country’s own brand vehicles will drive the development of my country’s auto parts companies

Auto parts companies have established long-term strategic cooperative relationships with vehicle companies based on supply chain management, and their technology and quality levels have been continuously improved in the process of R&D and production interaction with vehicle companies. With the rapid development of domestic large-scale independent brand vehicle companies such as FAW, Dongfeng, SAIC, and Changan, it will further drive the rapid development of domestic independent auto parts companies.

③The core technology of key parts and components will gradually be mastered by domestic independent parts and components companies

As the country increases policy support for the auto parts industry, the core technologies for the R&D and production of key auto parts will gradually be mastered by domestic parts companies in the future. A group of market-leading local independent brand parts companies will keep up with the current cutting-edge development of automotive high-tech, and gradually achieve breakthroughs and innovations in core technologies in the field of key domestic automotive parts through increased investment in capital, talent, technology, equipment, etc., through independent innovation, integrated innovation, introduction, digestion, absorption and re-innovation, gradually reach international leading levels in some core technology fields, and use localization advantages to expand their share in the high-end parts market, thereby promoting the independent development of my country's automotive industry.

④The increasing requirements for energy conservation and environmental protection promote the continuous improvement of the technical level of the auto parts industry

In recent years, with my country's increasing emphasis on environmental protection, energy conservation and emission reduction, energy conservation, low consumption and environmental protection have increasingly become the focus of the development of my country's automobile industry. Our country has successively introduced a series of industrial policies for energy conservation and emission reduction in the automobile industry, which have put forward higher requirements for the performance of automobile parts in terms of environmental protection and energy saving. While bringing many challenges to the automobile parts industry, it has also prompted automobile parts companies to continue research and development and innovation to improve product technology levels.

⑤The after-sales market will become one of the main growth points of the auto parts industry in the future.

In recent years, the number of cars in my country has increased year by year, exceeding 172 million in 2015. There are 40 cities in the country with more than one million cars. The number in the United States is 265 million. Over the next five years, China is expected to sell at least 25 million cars annually, and by 2020, China's car ownership will reach about 300 million. The rapid growth of automobile ownership has promoted the development of my country's automobile after-sales market and brought massive market demand for automobile parts. Compared with European and American countries with developed automobile industries, my country's automobile after-sales market is still in its infancy in terms of branding, specialization, and scale. In the future, with the development of the automobile industry, the scale of my country's automobile after-sales market will continue to expand.