Analysis of market development status and future development trend of auto parts industry

With the development of my country's economy and society, the consumption of automobiles, especially the consumption of cars, has become increasingly popular. As a supporting industry of the automobile manufacturing industry, the auto parts and accessories industry has also developed rapidly.

As the foundation of the auto industry, auto parts are a necessary factor to support the sustainable and healthy development of the auto industry. In particular, the current auto industry is vigorously developing independent development and innovation, which needs a strong component system for support. The independent brand and technological innovation of the whole vehicle need parts as the foundation, and the independent innovation of the parts and components has a strong impetus for the development of the whole vehicle industry. They influence and interact with each other. There is no independent brand of the whole vehicle, and a strong parts system It is difficult for the R&D and innovation capabilities of the company to burst out. Without the support of a strong component system, it will be unsustainable for the self-owned brand to become bigger and stronger.

my country's auto parts industry emerged in the 1950s. In the initial stage, the technical level of auto parts manufacturing enterprises is relatively weak, and the dependence on vehicle manufacturers is strong. With the rapid development of my country's economy and the improvement of residents' income level, the automobile consumption market has expanded rapidly, laying the foundation for the rapid development of my country's auto parts industry.

The successive introduction of supporting industrial policies has created a good external environment for the development and growth of my country's auto parts industry. At the same time, the huge potential of China's auto parts market and relatively low labor costs have attracted international auto parts companies to invest and set up factories in China, further promoting the development and growth of my country's auto parts manufacturing industry.

The automobile industry has become an important pillar industry in my country's national economy, and parts, as an upstream industry in the automobile industry, are an important part of the entire automobile industry chain.

Since the 21st century, my country's auto industry has maintained rapid growth for more than ten consecutive years, but my country's auto parts field has formed a certain accumulation of innovation elements, the innovation environment has gradually improved, the relevant financial and industrial policies have been continuously optimized, the number of invention patents has steadily increased, and the industry The chain continues to improve, so the long-term positive momentum will remain unchanged, and the Chinese auto industry will also transform from the past large-scale to strong.

From 2018 to 2020, the supply capacity of China's auto parts industry was 4.27, 4.58, and 4.86 trillion yuan respectively, and the production capacity maintained a steady growth trend, which was mainly affected by factors such as the increase of new entrants and the increase of production capacity of existing companies.

In recent years, the sales revenue of China's auto parts industry has grown steadily. According to statistics from the China Association of Automobile Manufacturers, the sales revenue of my country's auto parts industry reached 4.36 trillion yuan in 2019. Although the automobile consumption market has turned cold, the innovation elements in the field of auto parts in my country have formed a certain accumulation, and the overall long-term positive momentum of the industry will remain unchanged, reaching 4.70 trillion yuan in 2020.