sales-jane@shipeautoparts.com    +8618055307908,+8618055307567,+8618055305735
Cont

Have any Questions?

+8618055307908,+8618055307567,+8618055305735

Jul 21, 2021

Analysis Of China's Auto Parts Industry in 2021

Generally speaking, auto parts refer to all parts and components except auto frame, in which parts refer to single components that cannot be separated; A component is a combination of parts that realize an action (or function). With the steady development of China's economy and the gradual improvement of residents' consumption level, the demand for auto parts for new car accessories is increasing.


At the same time, with the continuous improvement of the number of motor vehicles in China, the demand for parts in the post market such as automobile maintenance and automobile refitting is also gradually expanding, and the requirements for parts are becoming higher and higher. China's auto parts industry has made good development achievements in recent years.


Development status of China's auto parts industry


1. Industry Profile: it covers a wide range of products


Generally speaking, auto parts refer to all parts and components except auto frame, in which parts refer to single components that cannot be separated; A component refers to a combination of parts that realize an action (or function). An assembly can be one part or a combination of multiple parts. In this assembly, one part is the main part, which realizes the established action (or function), and the other parts only play auxiliary roles such as connection, fastening and guidance.


Automobile is generally composed of four basic parts: engine, chassis, body and electrical equipment. Therefore, all kinds of subdivided products of automobile parts are derived from these four basic parts. According to the nature of parts, they can be divided into engine system, power system, transmission system, suspension system, braking system, electrical system and others (general supplies, loading tools, etc.).


2. Panorama of industrial chain


The upstream and downstream industries of auto parts manufacturing mainly refer to their related supply and demand industries. The upstream of the auto parts manufacturing industry chain mainly includes the market for providing raw materials, including steel, non-ferrous metals, electronic components, plastics, rubber, wood, glass, ceramics, leather, etc.


Among them, steel, non-ferrous metals, electronic components, plastics, rubber and glass are in great demand for raw materials. The downstream includes automobile manufacturers, automobile 4S stores, automobile repair shops, automobile parts manufacturers and automobile refitting factories.


The upstream impact on the auto parts industry is mainly in terms of cost. The price change of raw materials (including steel, aluminum, plastic, rubber, etc.) is directly related to the manufacturing cost of auto parts products. The impact of downstream on auto parts is mainly in market demand and market competition.


With the development of science and technology, the upgrading of automotive products is accelerating day by day, which requires the automotive parts industry to accelerate technological innovation and provide products required by the market; Otherwise, it will face the dilemma of disconnection between supply and demand, resulting in structural imbalance and product backlog.


Send Inquiry