Looking forward to the development prospects of auto parts industry

In general, the demand for China's auto parts market is facing a period of rapid growth. While the huge market output value is also facing a very serious dilemma for China's auto parts industry: from industrial scale, industry deployment, intellectual property rights, production processes, The quality of products, etc. exposed many problems in the industry, such as disorder and lack of discipline.

Looking ahead to 2015 According to statistical information and statistical data released by authoritative departments such as the National Bureau of Statistics, the Ministry of Commerce, the Ministry of Industry and Information Technology, and industry associations, the rapid development of China's auto industry has provided good opportunities for auto parts manufacturers. The sales of Chinese auto parts suppliers will have strong growth in the next few years. Statistics from various regions show that by 2015, the number of autos in China will increase from the current 60 million to 145 million, and the rapidly growing auto ownership will increase. It will promote the rapid growth of sales in the aftermarket of parts and components, with an increase of more than 30% and an annual production value of 2 trillion yuan.

Faced with such a huge market, it has injected a strong impetus for China's auto parts industry, but at the same time, it has also attracted many foreign-funded enterprises. The Freudenberg Group, which is optimistic about the Chinese auto aftermarket, has also recently expanded its aftermarket business. Its parts and components companies have set up a special sales agency for the auto parts market, providing approximately 2,500 accessories to nearly 50 authorized dealers. Almost all models on the market are covered; the second plant of the world's leading supplier of parts systems, the German Bosch undercarriage, has settled down in Chengdu. Many of the world's top automotive service providers are eyeing such a huge amount of cake in the automotive industry.

Secondly, investment in new energy auto parts and components in various countries around the world will contribute to the next hot spot in this industry. New energy vehicles have also been included in strategic emerging industries in China. In this situation, new energy vehicles and key components and parts industries are established throughout the country. The operation of the base has been fully carried out, and the investment in the domestic new energy vehicles and key components will continue to increase in the future, and this situation has emerged again. In the traditional auto parts industry, there is no reason to remain clueless, but at the same time it has to be The further development of the leap forward, the deep-seated problems left behind, will be disguised layer by layer until it is allowed to slowly ferment.

In the face of continuous exposure to industrial quality, intellectual property and many other industrial quality defects, it will inevitably attract the attention of the relevant departments of the country. Therefore, the state will take the lead in mergers and acquisitions or overseas mergers and acquisitions. Gradually speed up the industry's technology, knowledge, and management experience.

Faced with such a huge amount of market demand and supply, along with the ever-increasing price war in the entire vehicle market, the requirements for lowering costs and ensuring profits for the entire vehicle are becoming increasingly demanding. However, although the scale of China's auto parts industry is large, there is no scale effect, and the situation is also hampered by the difficulties. The profits of the parts and components industry are eroded, making it unable to grow healthily. Therefore, the integration and reorganization of the auto parts industry is imperative. It can be foreseen that China's auto parts industry will enter an accelerated integration stage in the next few years. On the one hand, horizontal and vertical integration between domestic enterprises can achieve economies of scale; on the other hand, overseas acquisitions can be used to realize resources such as production and markets in the world. Optimized configuration of scope and access to advanced technology and management experience.

In short, the size of automakers' expansion of production capacity will determine whether auto parts manufacturers will follow closely. The different types of auto parts and components also determine to some extent whether the parts manufacturers should adopt localization strategies in a timely manner. Therefore, the prospects for the development of auto parts face 145 million car ownership is not to be underestimated.