China's Auto Parts Industry

China's Auto Parts Industry

The auto accessories trade show will share with you: The auto industry is the largest industrial product of human beings, mainly because it includes complete vehicles and parts. The auto parts industry is even larger than the entire automobile industry, because after the car is sold, it needs to replace the start-up battery, bumper, tire, glass, automotive electronics and so on during its life cycle.

The output value of the auto parts industry in developed countries can often reach 1.7: 1 compared with the entire vehicle, while China has only about 1: 1. In other words, although China is the world's largest auto production country, the proportion of parts and components is not high Although many joint venture brands, foreign brands and even independent brands are produced in China, parts and components must also be imported from abroad. That is to say, parts manufacturing is behind even the entire car. The import of complete vehicles and their parts and components is the second largest industrial product imported by China in 2017, second only to integrated circuits.

Globally, in June 2018, "Automotive News", with the support of PwC data, released the "Top 100 Global Auto Parts Suppliers List", which contains the world's 100 largest auto parts enterprise.

Japan has the most, with 26 on the list;

The second in the United States, with 21 companies on the list;

Germany is third with 18 companies on the list;

China is the fourth with 8 companies on the list;

South Korea is fifth, with 7 companies on the list;

Canada is sixth with 4 companies on the list.

We are familiar with the five largest permanent members in the world. There are only three in France, two in Britain, one in Russia, one in India, and one in Italy. Therefore, although China's auto parts industry is weak, it is mainly compared with the United States, Japan and Germany, and South Korea and Canada are also very strong. Regardless of the United States, Japan, Germany, and Korea, if you look at the world, China's auto parts industry as a whole still belongs to the stronger category. Such as Britain, France, Russia, Italy, it is not good for them to de-industrialize the car industry so seriously.

In 2015, the Ministry of Industry and Information Technology issued the task of "Investigation and Research on China's Auto Parts Industry". After a long period of investigation, the report "Research on the Development of China's Auto Parts Industry" was finally formed. A lot of interesting data was revealed.

The scale of China's auto parts industry is very large. There are more than 100,000 companies in the country, of which 55,000 are statistical data, and there are even 13,000 above-scale (that is, annual sales of more than 20 million yuan). This number of 13,000 or more enterprises is amazing for a single industry. In 2018, the number of industrial enterprises above designated size in China today is more than 370,000.

Of course, it is impossible for us to watch these 13,000 or more cars today. Today, we will look at leading enterprises, that is, the backbone of China's auto parts industry in the next ten years.

Of course, these backbone forces, we still look at the domestic rankings more detailed. In international rankings, such as the list of top 100 global auto parts released by Americans, some Chinese companies have not submitted relevant information, and some large Chinese companies have been omitted. This is one of the reasons why the number of Chinese companies in the list is always less than the actual one each time when you look at the top 100 auto parts in the world. There are only 8 companies in 2018.

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