Development prospect of auto parts industry
The production and operation of large automobile companies have gradually changed from traditional vertical integration, pursuing large-scale and complete production models to specialized production models for automobile R&D projects. Automobile manufacturers have greatly reduced the productivity of parts and components, and external parts manufacturers have formed professional collaborative production The model has greatly promoted the market development of the auto parts industry. The development of electrical and intelligent products in the automotive industry has changed the business of traditional auto parts suppliers. The demand for light and smart products for new energy vehicles, as well as the leading enterprises in spare parts, have obtained the opportunity to introduce new product lines and improve the supporting value of bicycles.
Statistics show that the market share of auto parts is as high as 70%, but it can be seen that China's auto parts manufacturing industry has a lot of room for improvement. Since 2014, the export of the auto parts manufacturing industry has remained above US$60 billion. In 2017, the cumulative export was US$63.778 billion, compared with US$65.302 billion in 2018, a decrease of 1.23%.
As the epidemic control efforts to increase the degree of recovery, in March 2020, car sales were negative year-on-year until the epidemic was brought under control in the second half of 2020, and sales began to turn positive, with a year-on-year increase of 5.79 in September 2020 % . In 2021, U.S. auto sales fell by 3.63% year-on-year, and fell sharply in January 2020, showing a stronger rebound than in 2020. Because the epidemic is under control and the economy recovers, data shows that auto sales are expected to rebound further in the future. The sales volume of the automobile market is related to the export volume of domestic parts and components. With the further recovery of the market, the export volume of domestic parts will further increase. After the epidemic is gradually brought under control, the global auto market environment has improved. At present, U.S. auto sales have begun to pick up, and the year-on-year growth rate has increased year-on-year since April 2020. At present, auto sales have not yet fully reached the level before the outbreak, and it is expected to further increase and drive the export of domestic auto parts, and the year-on-year growth will continue to rise.
The deep integration and coordinated development of new energy vehicles and smart cars has promoted interconnection and smart technology to become the new core technology of cars. Under the guidance of carbon neutrality, the sales of new energy vehicles drive the battery industry chain and the sales of electric components. As for the installed capacity of batteries, the compound growth rate is expected to be 49.5% in the next five years. It is estimated that the global power battery installed capacity will reach 247GWh, 1234GWh and 5168GWh in 2021, 2025 and 2040, respectively. It is estimated that by 2025, the domestic market size of electric drive systems will be about 211.1 billion yuan, and the global market size will be about 680.4 billion yuan. The value of new energy vehicle thermal management bicycles will increase from 1910 yuan for traditional cars to 5280~9920 yuan. In 2020, it will drive the domestic thermal management market of nearly 10 billion yuan, and it is expected to achieve a global market of 100 billion yuan in 2025. The value of high-voltage spare parts bicycles has risen from the average price of 2,500 yuan for traditional vehicles to nearly 5,000 yuan for new energy vehicles. It is estimated that the domestic market will increase by 26.5 billion yuan in 2025, and the global market will increase by 85.4 billion yuan.
Unmanned driving is the ultimate goal of the intelligentization of automobile companies. At present, some mid-to-high-end models at home and abroad have added some ADAS functions to the basic work. We can almost help the vehicles to reach the level of autonomous driving technology below L3. The smart driving market has a huge economic space. According to the report released by the National Research Center for Industrial Product Information Network Security Education and Development Issues, the penetration rate of smart cars will increase from 5.2% in 2016 to 51.6% in 2020. It is estimated that in 2020 The number of artificial intelligence vehicles in China will reach 13 million, and it will reach 17 million in 2025. The industry's competitive market environment will create a huge space; autonomous driving and related patent applications will explode in 2016, with a growth rate of 124.16%, and a compound growth rate of 63% from 2012 to 2019 %.
The above is the development prospect of the auto parts industry. If you need to know more, you can contact us at any time! Our company has many years of experience, and we look forward to your joining at any time