Overview of the automotive parts industry
Oct 02,2024
As the foundation of the automobile industry, auto parts are necessary factors to support the sustained and healthy development of the automobile industry.
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As the foundation of the automobile industry, auto parts are necessary factors to support the sustained and healthy development of the automobile industry. With the continuous promotion of economic globalisation, auto parts enterprises from all over the world are actively joining the process of industrial globalisation, so that the automotive industry chain of each country is integrated.
With economic globalisation and the refinement of the industrial division of labour, the production and operation of the world's major automobile companies have gradually shifted from the traditional vertical integration and the pursuit of a large and comprehensive production model to a streamlined structure and a specialised production model focusing on the development of vehicle projects, which has significantly reduced the rate of self-production of parts and components. This industry development trend has prompted the automobile industry to gradually form the automobile manufacturers, parts and components first-tier suppliers, second-tier suppliers unique hierarchical division of labour and supply relationship, greatly promoting the development of the auto parts industry market.
Currently, the global auto parts industry is dominated by traditional auto industry powerhouses such as the United States, Germany and Japan. Internationally renowned auto parts companies including Germany's Bosch (Robert BoschGmbH) and Continental (ContinentalAG), Japan's Denso (DensoCorp.), Canada's Magna (MagnaInternationalInc.), the United States of America's Delphi (DelphiAutomotive) and so on. DelphiAutomotive, etc. As the auto parts industry chain is expanding in the direction of globalisation, China, India and other emerging automotive markets have a large capacity, attracting many international automotive giants to build factories in these countries, bringing development opportunities for local auto parts manufacturers.
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