With the increasing competition in the auto parts indus […]
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 parts and the internationalization strategy of 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.
Industry status editor
According to the customs import and export data compiled by the China Association of Automobile Manufacturers, the export value of China's automobile products continued to grow slightly in 2014, with an accumulated export value of US$84.414 billion, a year-on-year increase of 7.08%. Among them, the export value of auto parts was US$64.617 billion, an increase of 8.02% year-on-year. The growth rate was slightly slower than that of the previous year; it accounted for 76.64% of the total export volume of automobile products, and its occupancy rate increased by 0.36 percentage points over the previous year. The total vehicle exports accounted for only 15.23%, far less than the proportion of parts exports. Overall, the auto parts export situation in 2014 was good. The export of parts and components has become a major factor driving the growth of automobile merchandise exports. The four major categories of auto parts (engines, auto parts, accessories and body, automobiles, motorcycle tires, other auto-related products), the export value increased compared with the previous year, of which the engine exports a total of 3,662,200 units, an increase of 10.56% The export value was 1.68 billion US dollars, up 6.69% year-on-year; the export value of auto parts, accessories and body was 35.359 billion US dollars, up 11.96% year-on-year, which was significantly higher than that of the previous year; the export value of automobile, motorcycle tires and other automobile-related commodities increased. It slowed down last year, with exports of 15.151 billion US dollars and 12.427 billion US dollars, up 1.83% and 5.43% year-on-year.
Based on the export data from January to December 2014, the export volume of auto parts, accessories and body parts still accounts for half of the four categories of auto parts. Overall, the product structure of the export did not change much, and the added value of the exported products did not increase significantly.
In addition, from the performance of the seven major parts and components exported by the China Automobile Association (electronic fuel injection devices, body, seat belts, airbag devices, transmissions, drive axles, shock absorbers), electronically controlled fuel injection devices There has been a serious decline, with a total of 3.128 million sets of exports, down 69.92% year-on-year. The other six categories showed a certain increase, in which the seat belt, drive axle and shock absorber export value achieved double-digit growth year-on-year, the overall performance was better, and the remaining three categories achieved a small increase.