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What is the development prospect of auto parts industry

2022/01/27

Auto parts industry is the end of the automobile industry, in the automobile industry to tell the development of today's auto parts industry has ushered in a high-speed development opportunities, occupying 39% of the market share.

Statistical data surface, the annual domestic production and sales of automobiles are increasing year by year, the domestic automobile market demand space is very large, each car brands have recognized the domestic automobile market is a piece of cake, have stationed in the domestic automobile market.

The emergence of the Twelfth Five-Year Plan has set the tone for the development of domestic and foreign automobile brands, whether it is the medium-term plan of international automobile dealers, or the five-year plan of domestic automobile groups is not aimless, and the formulation of the plan is linked to the government's planning.

In 2015, the year, the state-owned automobile group production and sales target has reached 28 million units, while the independent brand automobile production and sales of nearly 12 million units, just in 2015 the total number of automobile sales of 40 million units.

These data all illustrate a problem, that is, the domestic automobile manufacturing industry has been in the rapid development of the reason, auto parts as the automobile aftermarket will usher in its own spring. However, compared with the mature automobile market in China, the domestic automobile market share, manufacturing occupies a relatively high proportion, followed by accessories, service proportion is small.


06-14

Complete vehicle and parts

In 2010, China's auto parts industry made significant progress thanks to the rapid development of automakers. This highlighted the importance of collaborative development between auto parts and automaker enterprises, including simultaneous development, automaker support, and increased use of domestic auto parts. If automakers focus on purchasing foreign parts, it could lead to foreign control of key components and significant losses for domestic parts companies.

06-14

Challenges in the Development of Auto Parts

The commercial vehicle parts industry is highly fragmented, with most companies being newly established individual enterprises. For these small and medium-sized enterprises (SMEs), the initial capital investment is already substantial, and post-production profits are not high. Therefore, it is relatively difficult to encourage them to increase R&D investment. Moreover, the prices of auto parts raw materials have been rising steadily for a certain period, requiring enterprises to allocate a significant portion of their funds to raw materials.

06-14

Automotive parts performance testing

There are seven factors that affect cylinder sealing, mainly cylinder wear, piston ring damage, piston wear, valve seat damage, valve guide wear, cylinder gasket damage, and valve clearance.