2023 China Auto Parts Industry Market Prospect Research Report
1. Definition of auto parts
Auto spare parts are the units that constitute the whole of auto parts processing and the products that serve the processing of auto parts. As the foundation of the automobile industry, auto parts are a necessary factor to support the sustainable and healthy development of the automobile industry.
2. Development policy of auto parts industry
The auto parts industry is closely related to the automobile industry, and the technical level of auto parts directly affects the manufacturing level of complete automobiles. In recent years, the state has issued a series of policies to clearly support the R&D, production and application of the auto parts industry, promote the transformation and upgrading of my country’s auto industry, and develop into a world auto power.
3. Development Status of Auto Parts Industry
1. Operating income
With the continuous improvement of domestic auto parts manufacturing level and the development of new energy vehicles, the auto parts industry has also developed rapidly. In 2021, the revenue scale of my country’s auto parts manufacturing enterprises will be 4,066.8 billion yuan, a year-on-year increase of 12%. In 2022, it will be about 4,195.3 billion yuan, and it is expected to further increase to 4,408.6 billion yuan in 2023.
2. Regional distribution
Judging from the list of the “Top 20 Most Valuable Auto Parts Brands in the World in 2022″ released by the British brand evaluation agency “Brand Finance”, among them, the number of Japanese parts companies entering the list is the largest, as high as 5, accounting for 25%, France, the United States, China, and Germany all accounted for 10%. Only two Chinese companies were shortlisted, reflecting the relatively weak strength of Chinese auto parts companies in the world.
3. Number of enterprises
In recent years, the number of registrations of auto parts-related companies in my country has continued to grow. In 2021, there will be 165,000 registrations of auto parts-related companies, a year-on-year increase of 64.8%. In 2022, there will be about 214,200 registrations.
4. Competitive landscape
China’s auto parts market has a low degree of concentration, among which Huayu Automobile, Weichai Power, and Joyson Electronics accounted for 2.67%, 1.87%, and 0.92%, ranking the top three. Fuyao Glass and Zhengmei Machinery accounted for 0.44% and 0.33% respectively.
4. Development prospect of auto parts industry
1. Large room for industry development
The automobile industry has become an important pillar industry in my country’s national economy, and parts, as the upstream industry in the automobile industry, are an important part of the entire automobile industry chain. my country’s auto parts field has formed a certain accumulation of innovative elements, the innovation environment is gradually improving, relevant financial and industrial policies are constantly being optimized, the number of invention patents is steadily increasing, and the industrial chain is constantly improving. Therefore, the long-term positive momentum remains unchanged, and China’s auto industry will also Change from the past large-scale to stronger strength.
2. Continuous breakthroughs in key technologies
The technical gap between domestic parts companies and foreign-funded companies has gradually narrowed. On the one hand, foreign-funded parts manufacturers who have established factories in China have trained a large number of technical and management talents for my country’s auto parts industry; on the other hand, domestic parts manufacturers have gradually increased their investment in independent research and development The extensional mergers and acquisitions of component companies have gradually absorbed the core technologies of many key components, and domestic component manufacturers have achieved technical accumulation and management improvement.
3. The independent innovation system gradually formed
China’s auto parts independent innovation system has initially formed. Auto parts companies attach importance to R&D investment, accelerate the construction of R&D platforms, and use the enterprise technology center as a carrier to build a relatively complete development process, production management, procurement process, and quality management system. Gradually cultivate Formed a process-oriented R&D capability with product performance structure improvement design capability, manufacturing process improvement capability and cost-leading intensive R&D organization capability as the main content. At the same time, Chinese brand parts companies attach great importance to the technological transformation and upgrading of equipment, accelerate the construction of automation and digital production equipment application and technology research and development centers, and promote the comprehensive upgrading of parts production research and development technology and product quality.
Post time: Jul-31-2023
