Although the growth rate of auto vehicle exports tends to be weak, the supporting auto parts business has maintained a strong momentum. According to WIND statistics, since 2010, the year-on-year export delivery value of auto parts and accessories has shown a gradual upward trend, and the situation looks much better than the entire vehicle situation. Blank Barcode Label,Blank Barcode Labels,Blank Thermal Labels,Blank Barcode Label Roll Jiangmen Hengyuan Label Technology Co., Ltd , https://www.jmhypaper.com
According to industry insiders, after the financial crisis, the trend of the global auto company procurement shifting to low-cost areas has become increasingly evident, as can be seen from the strong growth of auto parts export data. In the future, this trend will become more apparent.
Rapid recovery of parts exports
According to data from the China Automobile Association, in the first half of 2010, auto exports ended the trend of a downturn in the previous year, showing a recovery growth, with total exports of US$23.445 billion, a year-on-year increase of 50.24%. Judging from the export situation of the seven major categories of automotive products, the growth rate of auto parts exports was significantly higher than that of the entire vehicle, with a total export value of 18.269 billion US dollars, an increase of 54.52% year-on-year, which was higher than the growth rate of the whole vehicle export of 21.48 percentage points over the same period. The engine export amount was 467 million US dollars, an increase of 73.78% year-on-year; the auto parts, accessories and auto body export amount was 9.967 billion US dollars, an increase of 56.03% year-on-year; the export value of auto and motorcycle tires was 4.126 billion US dollars, an increase of 37.98% year-on-year; other auto related products The export value was US$3.709 billion, an increase of 70.47% over the same period of last year. In the first half of the year, imports of auto parts also showed rapid growth, totaling US$ 12.724 billion, up 90.65% year-on-year.
"Parts involved in a wide range, the data is difficult to statistics, the only data also shows that parts and components companies have developed rapidly in recent years." Relevant sources predict that China's vehicle manufacturing industry will maintain an average growth rate of 15% in the coming years, The growth rate of the parts and components industry will be more flexible, and the proportion of vehicles and parts will be around 1:1.2 to 1:1.3.
Global Purchasing + Restructuring Expected Opportunities
Statistics released by the Guangzhou Customs on July 27 showed that in the first half of 2010, Guangdong exported auto parts of one billion U.S. dollars, an increase of 40% year-on-year. Nearly 50% of auto parts are exported to the United States, Japan, and the European Union, and exports to emerging markets such as India and Brazil have doubled. At the same time, the quality of auto parts in China has been recognized by international automobile giants such as Volkswagen.
After the rapid growth of automobile production and sales, it began to enter the normal growth track, and the automobile sales boom in the first quarter came ahead. After nearly half a year of unexpectedly high growth, growth is returning to a stable state. The response of auto parts lags behind that of auto vehicles. However, the opportunities brought by the global procurement system to auto parts companies in China are greater than the threats. The future demand for auto parts in China is still very broad. The gradual increase in the value of export delivery is in fact a manifestation of the trend of the shift of global vehicle procurement to low-cost regions after the financial crisis, which will become even more evident in the future.
Not only that, overseas mergers and acquisitions of domestic parts and components companies continue to emerge. Beijing Jingxi Heavy Industry acquired Delphi's global automotive suspension and brake business, and Wanxiang Group acquired the US DS automobile steering shaft business... Analysts pointed out that, as far as the domestic industry is concerned, the large auto group attaches importance to its component parts business. Increasingly, an important trend in the future integration of the parts and components industry will be that the parts companies with the background of large vehicle groups will quickly become bigger and bigger through mergers and acquisitions. Another important trend is that with the rapid expansion of the domestic auto consumption market, the expansion of auto vehicles will play a greater role in promoting the production and sales of auto parts companies. This is an important factor in the strong demand for auto parts, but many Because of the small scale of parts and components companies, they have no strength to provide corresponding demands for vehicle companies. This may promote the reorganization of parts and components industry and bring more investment opportunities to the industry.