How to treat the development status and market competition pattern of auto parts industry?

The global auto parts industry began to develop in the early 20th century.

Automobile parts are the foundation of automobile industry. The growth of the world automobile industry has experienced a long period of germination and development. Cars were born in Europe. However, the automobile industry marked by mass production was formed in the United States, and then extended to Europe, Japan and even the world.

Since the 1990s, in order to effectively reduce production costs and open up new markets, auto parts enterprises in developed countries have actively moved their manufacturing links to low-cost countries such as China, India and Brazil on a large scale, but retained R&D, design, procurement and other links. With the rapid growth of global automobile procurement, the domestic automobile industry has developed rapidly. But overall, the production and layout of global auto parts are earlier than that of China.

At present, the major foreign auto parts markets are concentrated in Europe, America and Japan. There are relatively many third-party auto parts suppliers in Europe and America, and the market for third-party auto parts and modified parts is relatively broad. For the government, the supervision of auto parts is relatively strict, and there are relatively clear definitions in terms of responsibility division and management mechanism:

The representative auto parts enterprises in the United States, Japan and Germany have perfect layouts.

At present, the main developing countries of auto parts in the world are the United States, Japan and Germany. The product lines of global auto parts multinational companies such as Delphi, Visteon Automotive Systems, Denso, Bosch Group and Continental Group all cover a variety of auto parts products, which indicates that the development of auto parts products has entered the stage of system integration, and the development direction of auto parts will move towards systematization and modularization. With core technical strength and large R&D financial strength, international manufacturers can effectively integrate multiple systems to meet the diversified needs of consumers in time.

At present, the world's major auto parts enterprises include Bosch, Denso, ZF, Magna International, Aisin Seiki, Continental Group, Hyundai Mobius, Lear, Valeo, etc., mainly concentrated in the United States, Finland, Japan and other countries and regions.

Country Distribution of Global Auto Parts 100 Top Enterprises

At present, the global auto parts industry is dominated by the United States, Germany, France and Japan, and the strength of domestic auto parts enterprises in the international market is still weak. According to the ranking of parts suppliers in the global OEM market in 2022 released by AutomotiveNews, suppliers from Japan, Europe and North America account for the vast majority of the top 50.

After a long period of development, the auto parts industry has gradually shown the characteristics of collectivization, high-tech, systematic supply and global operation, and a number of large auto parts groups with annual sales income exceeding10 billion dollars have emerged.

According to the revenue data of global auto parts enterprises in 20021year, the top five enterprises are Bosch, Denso, Continental, Wei Chai Group and ZF. Judging from the regional layout of the top ten auto parts enterprises, they are concentrated in Germany, Japan and other places, and their main layout business covers automobile engines, autonomous driving, automobile tires and other fields.

Note: ① The data of 202 1 is used in the ranking of the list in 2022; (2) The income here comes from spare parts.

For more research and analysis on this industry, please refer to the analysis report of "In-depth Investigation and Investment Strategic Planning of China Auto Parts Industry" by Forward-looking Industry Research Institute.