Analysis of 2020 auto parts market size and future development direction

At present, the increasingly fierce price war in the vehicle market is also eroding the profit margin of the parts industry, oEMS are increasingly demanding to reduce costs and ensure profits. However, although the production scale of China's auto parts industry is large, it has not exerted scale effect, so the integration and reorganization of the auto parts industry is imperative. It can be predicted that China's auto parts industry will enter the stage of accelerated integration in the next few years. On the one hand, scale effect can be realized through horizontal and vertical integration among domestic enterprises. On the other hand, through overseas mergers and acquisitions, we can optimize the allocation of production, market and other resources on a global scale and gain advanced technology and management experience. The auto parts industry has formed six auto parts industrial clusters in northeast China, Central China, Beijing and Tianjin, Yangtze River Delta, southwest China and Pearl River Delta. Industrial clustering makes the division of labor more detailed, more specialized, easier to achieve scale, information more concentrated, faster, faster pace of technological innovation, easier to organize logistics, and significantly improved economic benefits.

As the foundation of automobile industry, auto parts are the necessary factors to support the sustainable and healthy development of automobile industry. In particular, the independent development and innovation of the automobile industry, which is in full swing, needs more support from a strong component system. Need spare parts for vehicle independent brands and technology innovation base, parts of independent innovation and produces strong impetus to the development of vehicle industry, they are mutual influence, interaction, there is no vehicle independent brands, strong parts system research and development innovation ability is difficult to spurt, without strong parts system support, independent brands continue to do your will.

As the competition in the auto parts industry intensifies, mergers and acquisitions and capital operations among large auto parts enterprises become more and more frequent, excellent domestic auto parts manufacturers pay more and more attention to the research on the industry market, especially the in-depth research on the development environment of enterprises and the change of customer demand trend. Because of this, a large number of excellent domestic auto parts brands rise rapidly and gradually become the leader in the auto parts industry.