Development trend of auto parts industry
Sep 26,2024
The development of auto parts industry is driven by specialised division of labour to improve production efficiency and reduce costs.
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(1) More streamlined and specialised industry operations
The development of auto parts industry is driven by specialised division of labour to improve production efficiency and reduce costs. Parts and components enterprises are mostly born out of vehicle manufacturers, the development and growth of core competencies. Under global integration, vehicle manufacturers focus on the core links, reduce the rate of self-produced parts and components, handed over to professional enterprises to improve the degree of specialised division of labour and operational efficiency.
(2) Automotive lightweight to promote the application of plastic parts and components continue to extend
Under the global trend of energy saving and environmental protection, automotive lightweight into the industry direction. Automotive lightweight to ensure strength and safety under the premise of reducing weight, improve power, reduce energy consumption and pollution, parts suppliers more demanding. Plastic parts replace metal parts with lightweight features, and ‘replacing steel with plastic’ has become a trend. Domestic single-vehicle plastic consumption is far lower than in Europe and the United States, the future with the extension of the application and process enhancement, China's plastic parts market has obvious growth space.
(3) local parts and components enterprises to focus on niche areas, the trend of localisation has emerged
China's auto parts industry started late, technology research and development and product design lags behind international manufacturers, the core components in the field of international giants accounted for the main share. But with the intensification of competition, joint venture OEMs into local enterprises, some high-quality domestic enterprises in niche areas breakthroughs, local enterprises with the cost and service response advantage to enter the monopoly area, to achieve the localisation of key components. In the policy support, China's auto parts enterprise scale has room to rise, and improve the localisation replacement rate.
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