Automotive components as the basis of the automotive industry is necessary to support the sustained and healthy development of the automotive industry. In particular, the current automotive industry is vigorous, in full swing to carry out independent development and innovation, but also need a strong support for the component system. The independent brands of vehicles and technological innovation need to be the basis for parts and components. The independent innovation of parts and components has a powerful impetus to the development of the automobile industry. They are independent brands with no vehicle interaction and powerful components and systems R & D innovation ability is difficult to burst out, there is no strong support for the components and systems, independent brands bigger and stronger will unsustainable.
From January to December 2005, the total industrial output value of all auto parts and accessories manufacturing enterprises in China reached 383,800,952,000 yuan, an increase of 18.67% over the same period of previous year; the sales income of total products reached 375,265,815,000 yuan, up 20.21% over the same period of last year; The total accumulated profit was 21,462,002 thousand yuan, a decrease of 9.09% over the same period of previous year.
From January to December 2006, the total industrial output value of all auto parts and accessories manufacturing enterprises in China reached RMB539,704,996,000, an increase of 34.35% over the same period of previous year; the sales revenue of total products reached RMB527,234,933,000, an increase of 34.71% over the same period of last year; Total realized profits totaled 32,605,652,000 yuan, up 46.79% over the same period of previous year. By the end of December 2006, the number of enterprises above designated size in the whole industry was 6,142.
From January to November 2007, China's total auto parts and accessories manufacturing enterprises achieved a total industrial output value of RMB683,525,503,000, an increase of 37.34% over the same period of last year. The accumulated sales revenue of products amounted to RMB6,623,529,269,000, an increase of 37.45 over the same period of last year %; Total profit of 48,487,363,000 yuan, an increase of 68.61% over the previous year; as of the end of November 2007, the number of enterprises above designated size was 7,171.
From January to October 2010, the operation of the industry shows that the total profit of the auto parts industry is still growing, but the growth rate has slowed down. Both the import and export volume have also increased. However, the imported products have high profits and high levels of gearboxes and engine parts Value-added and high-tech products. Export products mainly include tires, electronic instruments and meters with low barriers to entry, low-profit labor-intensive and resource-intensive products. Downstream automobile industry overcapacity in a certain period of time, although in 2010 under the state's stimulus policies have undergone unconventional high-speed growth, but slowdown in sales growth in 2011, overcapacity pressure, affected by the impact of parts and components The second half of the industry may be under greater pressure on profits. The main problems facing the industry Both ends of the lower squeeze, the industry is facing double pressure Parts industry is squeezed two industries, the lack of bargaining power upstream and downstream. Upstream raw materials are mainly steel, rubber, plastic, fabric, etc. The prices are ultimately determined by the prices of bulk commodities such as steel, oil and natural rubber. The auto parts enterprises can only evade risks by judging the upstream commodity price movements. At the same time, the downstream OEMs, mostly large conglomerates, are in a strong position in the interest game with the component manufacturers. They have strong bargaining power and are able to pass the cost pressure on to the auto parts industry. Therefore, the components are actually on both ends Crowded "sandwich" sandwich.
In 2011, the output value of sales of auto parts in China has exceeded 2 trillion yuan and will maintain a growth rate of over 20% in the next few years. It is estimated that the output value of China's auto parts industry will reach 2.5 trillion yuan by 2015. Since 2002, China's automobile production and sales have maintained rapid growth for nearly 10 years and the auto industry has become a pillar industry in China's economy. In 2009, China's automobile production and sales both exceeded 13 million vehicles, ranking first in the world. By 2011, China's automobile production and sales exceeded 19 million vehicles, ranking first in the world for three consecutive years.
With the continuous intensification of competition in the auto parts industry, mergers and acquisitions and capital operation among large auto parts enterprises are becoming more frequent. Outstanding domestic auto parts manufacturers pay more and more attention to the research of the industry market, especially to the development environment of enterprises and In-depth study of the trend of customer demand. Because of this, a large number of excellent domestic auto parts brand rise rapidly and gradually become a leader in the auto parts industry, see "China's auto parts manufacturing industry depth market research and investment prospects forecast analysis report!"
Domestic parts are mainly used for their own brand cars, low market share Data from the Ministry of Commerce show that foreign investment controls the vast majority of the market share of auto parts, domestic parts sales accounted for only 20% -25% of the industry, Auto parts manufacturers with foreign investment accounted for more than 75% of the entire industry. Among these foreign-funded suppliers, 55% were sole-proprietorships and 45% were Sino-foreign joint ventures. Local parts are mainly used in self-owned brands with low market share. In the field of hi-tech such as automotive electronics and engine parts, the foreign market share is as high as 90%. Among the output of core components such as automotive EFI system, engine management system, ABS and airbag, automatic transmission, The proportions are 100%, 100% and 91%, respectively, 69%.
Auto parts manufacturers from the vehicle business and the formation of specialized parts and components group, is becoming a global trend. Internationally renowned automobile and parts companies, almost all established in China, a joint venture or wholly-owned enterprises, the introduction of technology joint ventures have more than 1,000. A number of domestic high-tech, good efficiency, large-scale auto and parts enterprises have gradually grown up. With the international auto industry began to implement "global sourcing" strategy and the localization of international multinational auto companies strategy, the domestic market will appear huge parts and components parts gap. By 2010, the domestic output value of China's auto parts will reach 700 billion yuan.
Although the global economy as a whole has been declining for a given period of time, the results of China's purchases have not been as optimistic as many companies predicted based on actual procurement practices in the past four to five years. Almost 80% of the companies did not meet their purchasing and procurement The goal of cost. With the appreciation of the renminbi and the decline in the export tax rebate rate, the pressure on China's procurement is even greater. International buyers have already shifted their attention to other countries and regions such as Vietnam, India, Thailand and Australia. From the above view, China's auto parts industry will still accelerate its growth under the current financial crisis.