China's auto production will exceed 10 million vehicles this year. The annual growth rate of exports will exceed 35%. After five years, the number of cars will be close to 100 million. After five years of gold development, can Chinese auto parts companies continue to enjoy the feast of "high-speed development of the automotive industry?"
According to the information obtained by the reporter at the “2008 China Shanghai International Auto Parts Exhibition†that was opened on June 2, from 2003 to 2007, a large number of auto parts companies have grown from annual sales revenue of several hundred million yuan to more than ten billion yuan. A few billion yuan, some companies have even been scheduled for 2010.
The troika that drives the growth of the auto parts industry is a domestic matching market, an aftermarket, and an export market. In 2007, the three major markets exceeded 740 billion yuan, less than 80 billion yuan was imported, and parts produced in China were produced. The output value has reached a level of about 660 billion yuan, more than three times more than about 200 billion yuan five years ago.
"As long as China's economic and financial environment is not a big accident, in the next 5 to 10 years, the auto parts industry is still one of the most promising industries in China." An expert from the China Automobile Association believes.
In the next 5 to 10 years, what will happen to China's auto parts market and what are the development trends of China-foreign-invested parts and components enterprises?
Matching market - difficult for new entrants
"In the next 5 to 10 years, China's annual production of cars will be conservatively estimated to be around 15 million. Taking into account the factors of model upgrades, it is estimated that the output value of the supporting market will more than double." The expert of China Association of Automobile Industry said that although the market Opportunities are huge, but the core suppliers of various OEMs will become more and more stable, which means that new entrants will find it increasingly difficult to enter non-traditional supply systems.
The reason is that more and more foreign-funded parts and components companies are investing in China, and domestic multinational vehicle manufacturers have the opportunity to re-evaluate their core strategic supplier systems. According to the analysis of the "China Blue Book on Auto Parts", the "zero-to-neighborly relationship model" between the host plant represented by Toyota and parts manufacturers has been widely recognized by the market, and more multinational auto companies have followed suit. The matching share is expanding.
According to statistics, of the more than 5,000 automotive parts and components companies in the country, more than 1,200 are foreign-invested companies, most of which are Fortune 500 companies, and their businesses mainly focus on bodywork, engines, gearboxes, axles, and frames. , steering, electronics and other fields, occupy the commanding heights of market competition.
In addition, due to the traditional supporting relationship, multinational auto companies basically transplant foreign matching relationships in the areas of high-tech content and high added value. At the same time, the world's large auto parts manufacturers have transformed their factories in China into holding companies or wholly-owned subsidiaries by acquiring local parts companies and increasing the proportion of capital contributions.
“From the point of view of strength, local auto parts enterprises cannot yet compete with foreign parts and components companies. Most of them are engaged in the production of labor-intensive and processing-type products, and their technological content is relatively low. Many local companies also Just stay in the imitation phase," said the expert of the China Automobile Association.
According to the information obtained by the reporter at the “2008 China Shanghai International Auto Parts Exhibition†that was opened on June 2, from 2003 to 2007, a large number of auto parts companies have grown from annual sales revenue of several hundred million yuan to more than ten billion yuan. A few billion yuan, some companies have even been scheduled for 2010.
The troika that drives the growth of the auto parts industry is a domestic matching market, an aftermarket, and an export market. In 2007, the three major markets exceeded 740 billion yuan, less than 80 billion yuan was imported, and parts produced in China were produced. The output value has reached a level of about 660 billion yuan, more than three times more than about 200 billion yuan five years ago.
"As long as China's economic and financial environment is not a big accident, in the next 5 to 10 years, the auto parts industry is still one of the most promising industries in China." An expert from the China Automobile Association believes.
In the next 5 to 10 years, what will happen to China's auto parts market and what are the development trends of China-foreign-invested parts and components enterprises?
Matching market - difficult for new entrants
"In the next 5 to 10 years, China's annual production of cars will be conservatively estimated to be around 15 million. Taking into account the factors of model upgrades, it is estimated that the output value of the supporting market will more than double." The expert of China Association of Automobile Industry said that although the market Opportunities are huge, but the core suppliers of various OEMs will become more and more stable, which means that new entrants will find it increasingly difficult to enter non-traditional supply systems.
The reason is that more and more foreign-funded parts and components companies are investing in China, and domestic multinational vehicle manufacturers have the opportunity to re-evaluate their core strategic supplier systems. According to the analysis of the "China Blue Book on Auto Parts", the "zero-to-neighborly relationship model" between the host plant represented by Toyota and parts manufacturers has been widely recognized by the market, and more multinational auto companies have followed suit. The matching share is expanding.
According to statistics, of the more than 5,000 automotive parts and components companies in the country, more than 1,200 are foreign-invested companies, most of which are Fortune 500 companies, and their businesses mainly focus on bodywork, engines, gearboxes, axles, and frames. , steering, electronics and other fields, occupy the commanding heights of market competition.
In addition, due to the traditional supporting relationship, multinational auto companies basically transplant foreign matching relationships in the areas of high-tech content and high added value. At the same time, the world's large auto parts manufacturers have transformed their factories in China into holding companies or wholly-owned subsidiaries by acquiring local parts companies and increasing the proportion of capital contributions.
“From the point of view of strength, local auto parts enterprises cannot yet compete with foreign parts and components companies. Most of them are engaged in the production of labor-intensive and processing-type products, and their technological content is relatively low. Many local companies also Just stay in the imitation phase," said the expert of the China Automobile Association.
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