Development overview and development trend of auto parts industry

Auto Parts Market Overview

  The auto parts industry is mainly dominated by traditional auto industry powerhouses such as Japan, Germany and the United States, and the gap between Chinese auto parts companies and international leading companies is gradually narrowing

Auto parts manufacturers are characterized by professionalism, independence, and globalization of operations, mainly in the United States, Japan, and Germany. According to the 2020 Top 100 Global Auto Parts Companies released by China Automotive News, the top ten global auto parts companies except Weichai Group are located in China, and the other nine are in Germany, Japan and other traditional auto industry powerhouses; the top 100 companies Among the companies, Japan, Germany and the United States have the most parts and components companies. Among them, Japan ranks first with 27 companies, Germany ranks 17th, and the United States ranks third with 15 companies. Comparatively speaking, Chinese auto parts companies started late, but they are making continuous progress. With cost advantages, advanced manufacturing capabilities, rapid response capabilities, and synchronous R&D capabilities, Chinese auto parts companies continue to expand the market, and the gap with international leading companies is gradually growing. Narrowed down, 11 companies entered the top 100 global auto parts list.

  my country's auto parts industry has broad prospects for development

  The auto parts industry is an important part of the auto industry. Benefiting from the market demand brought about by the continuous development of the vehicle manufacturing industry, my country's auto parts industry has also achieved rapid growth in the past decade. From 2011 to 2017, my country's automobile production and sales are in a continuous growth trend, and the auto parts industry has developed rapidly. The sales revenue of the industry has increased from 1.98 trillion yuan in 2011 to 3.88 trillion yuan in 2017, with an average annual compound growth rate of 1.98 trillion yuan. 11.89%; in 2018 and 2019, affected by the decline in vehicle production and sales, the sales revenue of my country's auto parts industry also declined compared with 2017; in 2020, under the impact of the new crown pneumonia epidemic, my country's auto parts industry sales Revenue rose against the trend, an increase of 55.295 billion yuan or 1.55% over 2019.