China's automobile industry has gradually developed and matured. The number of domestic enterprises even exceeds that of other countries. China's economic strength can be seen. With the development of the automobile industry, the development of auto parts is getting better and better, and the industry is growing year by year.
In 2015, China produced 24503300 vehicles, a year-on-year increase of 3.25% and sold 24597600 vehicles, a year-on-year increase of 4.71%. The production and sales volume remained the first in the world. Because of the huge demand of automobile consumption in our country and the significant resource cost advantage, foreign automobile manufacturers have poured into the domestic market. At the same time, multinational parts suppliers also accelerate the pace of building factories in China. With the transfer of vehicle capacity to China, China's auto parts industry develops rapidly, which provides a good opportunity for the development of domestic auto parts enterprises.
According to the analysis data of auto parts market scale, in 2015, the sales revenue of auto parts manufacturing enterprises in China was 3211.7 billion yuan, up 10.47% year on year. In 2016, China's automobile production and sales exceeded 28 million, ranking first in the world for eight consecutive years. Driven by the continuous and rapid growth of China's automobile production, sales and ownership, the scale of China's automobile parts market is growing. By 2016, the output value of China's automobile parts has reached 3496.4 billion yuan, with an average annual growth rate of 27%. It is estimated that by 2018, the growth rate of turnover in China's auto parts market will reach 7.1%, and the turnover is expected to reach 4004.7 billion yuan. From 2012 to now, the output value of China's parts manufacturing industry accounts for about 40% of the total automobile output value.
Development trend of auto parts industry
After decades of development, China's automobile industry has established a relatively mature industrial supporting system and a huge sales network. However, in the process of development, the policy tendency of "reforming light parts of vehicles" has led to the development crisis of hollow technology for a long time. A large number of small and medium-sized parts suppliers are facing the difficulties of single product line, low technology content and weak ability to resist external risks. In recent years, the sharp increase of raw materials and labor costs is accelerating the erosion of profit space of small and medium-sized auto parts enterprises relying on low-cost competition.
By analyzing the scale of auto parts market, the guideline document "made in China 2025" released in 2016 clearly points out that the auto industry, as the pillar industry of manufacturing industry, will no longer take capacity and scale expansion as the primary development goal, but will put forging core competitiveness, improving the leading industrial upgrading and independent innovation ability of independent vehicle and parts enterprises in the primary position. Therefore, from the perspective of national policy orientation, in the future, the development of China's auto parts industry will significantly lag behind the development status of the automobile industry, which will continue to improve, and there is a large development space for the auto parts industry.