Recently, according to the forecast released by Ipsos Consulting, China's auto parts manufacturing industry is expected to achieve annual growth of more than 20% in the next five years. While new car demand continues to drive passenger car sales, the aftermarket will become a new growth engine for the component industry.
The automotive industry faces challenges
Recently, Xiao Yaping, deputy director of the China Machinery Industry Federation, said at the press conference of the 13th China Automotive Industry Development Summit and 2015 China Automotive and Parts Market Analysis and Forecast Conference that the current automotive industry is facing huge technological changes and Industrial changes, the challenges facing the development of China's auto industry, also forced the auto and its parts and components enterprises to adjust and change the development strategy and development mode.
According to industry forecasts, the average annual compound growth rate of Chinese passenger vehicles will reach 7% in 2013-2018, and new car sales will reach 25 million by 2018. Among the domestic car ownership in 2002-2013, the number of passenger cars aged 0-3 years reached 56.9 million, of which about 90% were under warranty.
Industry experts generally believe that from the current point of view, although China's auto parts market has great potential, local parts and components companies are facing the danger of being marginalized. At present, almost all of the core suppliers of automobile companies are monopolized by foreign-funded joint ventures or wholly-owned parts and components enterprises. Where are the outlets of Chinese parts and components enterprises, it has become a serious problem facing the industry at present.
In this regard, Xiao Yaping told the Beijing Business Daily that the 13th China Automotive Industry Development Summit will also address macro-environmental factors, external factors such as energy conservation, environmental protection, safety, and transportation, and factors affecting automotive and related industrial policies and regulations. In-depth analysis with the supplier's focus market and focus competition, using a combination of qualitative and quantitative methods to predict the future development trend of the industry, 2015 and future parts development trends and product technology development trends.
"In the first nine months of this year, China's automobile production and sales both exceeded 17 million. Undoubtedly, although the growth rate is declining, China is still a big automobile country. To promote the transformation and upgrading of China's automobile industry and truly realize the fundamental change from big to strong, it is We have a long-term strategic goal. This goal is not only the future embodiment of the many components of the Chinese dream, but also the continuous practice of turning dreams into reality." Xiao Yaping said.
Local companies improve hard
It is worth noting that Chinese auto parts companies have accelerated their overseas investment in recent years. Some auto parts companies are no longer just satisfied with the export of parts and components, but build factories in the United States and other countries or directly acquire local companies, hoping to become a global auto parts supplier.
It is understood that in order to follow the development of new energy vehicles and vehicle networking technologies, many traditional component companies have entered these new fields with capital power. Chinese component companies are also involved, and the M&A cases include stampings, exhaust pipe trims, cable products, cast iron cylinders, airbags, seat belts and steering wheels, automotive shock absorbers, fuel tanks, etc.
In response to the status quo of industrial development, Xu Changming, director of the Information Resource Development Department of the National Information Center, believes that domestic component companies are small in scale, weak in strength, and lack of research and development capabilities. Under such a background, if the parts industry wants to develop rapidly, it must accelerate mergers and acquisitions. Scale effect.
However, most local manufacturing companies will find it difficult to improve their competitiveness in the short term. According to the survey conducted by Gasgoo.com, only 26% of respondents believe that local component manufacturers will develop upstream of the value chain in the next five years, 20% think it will take at least five years, and 54% believe that they will not There have been changes. Many smaller local component manufacturers are focusing on the increasingly competitive aftermarket, and exports of cheap parts will remain strong.
It is reported that from the second half of this year, the anti-monopoly of automobiles will focus on rectifying the problem of “zero ratio†of automobiles. Although it can curb the high profits of multinational companies from the parts and components market from the policy level, they cannot change the dispersal, weakness and difference of the domestic parts and components industry. Situation.
Some insiders said that relevant departments should further encourage and promote the existing joint ventures and independent brand auto companies to cultivate local suppliers. At present, a number of joint ventures have formed a good mechanism for cultivating local suppliers. It is worthwhile to encourage independent brand cars to pay special attention to and establish this good mechanism. This is to learn foreign advanced technology and improve the product level and management level of Chinese component companies. It is of great value to open up the international market.
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