Auto parts development status and trends

Major listed companies in the industry: Huazhou Automobile (600741); Weichai Power (000338); Ao Lian Electronics (300585); Junsheng Electronics (600699), etc.

Core data of this article: China's automotive parts and accessories market size; auto Spare parts market competition pattern; auto spare parts market size forecast

The full text of the statistical caliber description: 1) the above data are from the China Enterprise Database (Enterprise Search Cat), there is a certain degree of statistical error; 2) search for the relevant keywords for "auto parts, auto spare parts "; 3) enterprise screening logic: enterprise name, product services and business scope contains "auto parts, auto parts" of the enterprise; 4) statistics as of July 20, 2022; 5) due to the Chinese enterprise database and the global enterprise database is different, there is a certain amount of 6) If there is a special caliber of statistics, it will be noted at the bottom of the chart.

Industry Overview

1, automotive parts and components definition and product classification

(1) auto parts and components definition

Automotive parts and components in general refers to all the parts and components of the automobile other than the frame. Parts and components, the frame can also be considered parts, but not the same concept as spare parts. Among them, the part refers to a single component that can not be disassembled; the part refers to a combination of parts to achieve a certain action (or: function). Parts can be a part, can also be a combination of multiple parts. In this combination, there is a part is the main, it realizes the established action (or: function), the other parts only play a connection, fastening, guiding and other auxiliary role.

(2)Classification of automobile spare parts

2, automobile spare parts manufacturing process and core parts

(1)Process analysis

Automobile spare parts can be divided into five major public welfare, from the The initial casting, cold stamping, welding, cutting to heat treatment in the middle of the need to go through a lot of testing and grinding:

(2) core spare parts

From the automotive spare parts of the current core components, the sensor chip, communication chip and other chip-based chip technology will become the automotive spare parts of the core process of the future development goals and Direction:

Overview of foreign industry development

1, the global industry development history

The growth of the world's automotive industry has experienced a long period of germination and development of the automobile was born in Europe, but the formation of the automotive industry, marked by large-scale production, is in the United States, and later expanded to Europe, Japan until the world. At present, China has become a major production area within the auto parts industry:

2, the status of technological development of the industry abroad

According to the information released by the Bosch Group, a major global manufacturer of automotive parts and accessories, automotive parts and accessories manufacturers worldwide are vigorously laying out the smart car, car networking-related technology solutions.

Automotive spare parts intelligent technology mainly contains computer, modern sensing, information fusion, communication, artificial intelligence and automatic control technology.

3, global auto parts industry demand degree analysis

From the perspective of the overall global automobile production, in 2020, affected by the epidemic and other factors, the global automobile production of 77,622,000 units, a year-on-year decline of 15.79 in 2019.2021, the global automobile production of 35,603,000 units, a year-on-year increase of 28.16%. global automobile production in 2021 continued to reduce production to 67.42 million units.

From the demand side of the development of the industry, the automotive industry in 2020-2021, although a sharp decline in production, but the reason is mainly due to the automotive spare parts core components, such as battery cells, chips, the supply of insufficient resulting in 2022, with the gradual recovery of production capacity, the gradual alleviation of the supply pressure of automotive spare parts, the global automotive industry as well as the development of the spare parts industry will gradually improve.

4, the global auto parts market size analysis

With the increasing global competition, the world's developed countries in the automotive industry has undergone new changes, the auto parts industry has also presented the organization of the group, high-tech technology, the supply system and the globalization of the operation and other new features. According to GIR (Global

Info

Research) research, according to the global automotive spare parts revenue to statistics, the global auto parts revenue in 2021 for 1.51 trillion U.S. dollars, the global auto parts market size CAGR of more than 3% in 2016-2021.

Industry Development History

China's auto parts industry has experienced five major stages of development. At present, China is in the process of vigorously developing high-precision technology to break the monopoly of foreign technology, China's automobile core spare parts are still in the stage of import dependence.

Industry development policy background

Automotive parts industry is China's key to encourage the development of industry, is to support economic and social development and safeguard the national security of strategic and basic industries. In order to accelerate the development of new energy vehicles and related core spare parts industry, the national level has issued "on scientific and technological innovation drive to accelerate the construction of a strong transportation country's views", "on the strengthening of automotive networking network security and data security notice" and other encouraging and supportive policies. The auto parts industry will accelerate its development under the policy support.

Industry Chain Analysis

China's auto parts industry chain upstream for the assembly, installation of spare parts used in a variety of raw materials, including iron and steel, non-ferrous metals, plastics and glass, etc., and the middle reaches of the automotive spare parts rich in variety of styles, of which the engine block and electronic control system belongs to the automotive core spare parts. The downstream application scenario of the auto parts industry is mainly for vehicle manufacturers, and auto parts wholesalers are also one of the main downstream links of auto parts.

Chinese industry development status: production scale continues to be high

1, China's auto parts industry supply level analysis

With the new energy vehicles, the rapid development of parts and components manufacturing technology and automotive manufacturing industry continues to change, the automotive spare parts technology Application and innovation has greatly promoted the progress and development of the automobile industry, at present, the main supply of auto parts in China is concentrated in China's leading auto parts enterprises, mainly including Huawei Automobile, Top Group, Junsheng Electronics, Noble Automobile and so on. The layout and supply of enterprises are as follows:

2, China's auto parts industry demand scale analysis

According to the China Automobile Association data, China's automobile production in 2016-2021 overall fluctuations in the state of decline. 2020, with the promotion of new energy vehicles, the automobile production and sales have increased, which China's auto production in 2021 was 26.082 million units, up 3.4% year-on-year. 12.117 million units were produced in the first half of 2022, down 3.7% year-on-year.

3, China's auto parts industry market size analysis

China's auto parts is the scale of recent years has been expanding, China's auto parts enterprises in the international competition continues to show more and more strong competitiveness, the scale of China's auto parts industry has always maintained the momentum of the upward trend, according to the data of the China Association of Automobile Manufacturers (CAAM), China's auto parts sales revenue grew from 3.46 trillion yuan in 2016 to 4.90 trillion yuan in 2021, with a compound annual growth rate of more than 7%.

Industry Competitive Pattern Analysis

1, industry enterprise competitive pattern

According to the enterprise search cat data, in the "automobile manufacturing industry" in the "auto parts industry" and emerging industries. auto parts industry" and emerging industries in the "auto parts" industry framework to search for "auto parts" and "auto parts". The results show that as of July 2022, China's auto parts industry registered enterprises reached 13,671, of which 2021 is the hottest year for enterprise registration, the number of registered enterprises reached 2,203.

From the point of view of competitive clusters of enterprises in China's auto parts industry, Ningde Times, Huawei Automobile and Weichai Power have certain advantages in market competitiveness and profitability, and Fuyao Glass is in the first echelon in profitability level.

2, regional competition pattern analysis

According to the enterprise cat big data platform data show that as of July 2022, China's auto parts enterprises are mainly distributed in Guangdong, Jiangsu and Zhejiang regions, the number of auto parts manufacturers reached 1241, 1480 and 2397 respectively. From the overall regional aggregation point of view, mainly distributed in China's eastern coastal areas.

Industry Development Prospect Analysis

Domestic has a huge market base of automotive parts and accessories applications, coupled with the rapid progress of domestic parts and accessories technology makes the domestic market for domestic automotive parts and accessories to replace the expectations continue to expand. Foresight expects China's auto parts industry market size will reach 5.3 trillion yuan in 2022, to 2025 will be 6% growth rate for growth, after 2025 with the official completion of the Made in China program landing, the industry is expected to grow at a rate of more than 8%, in 2027 is expected to reach 7.8 trillion yuan.

For more research and analysis of this industry, please refer to China Auto Parts Industry Market Outlook and Investment Strategy Planning Analysis Report by Prospect Industry Research Institute.