NEWS CENTER

28

2022

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07

Automotive parts industry: industry status, future trends, industry chain, and in-depth analysis of related companies

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The domestic automotive parts industry has formed a relatively large segmented market. In terms of the current automotive parts industry, there are related enterprises such as Weichai Power and Huayu Automobile in the engine field; Among them, Fuyao Glass and Zhongce Rubber have scale advantages in automotive body parts; In terms of driving systems, Zhongce Rubber provides customers with tires, while Huawei and other companies provide customers with unmanned vehicles; Among them, Ningde Times and Junsheng Electronics have significant technological advantages in the field of electronic equipment.

【The competitive landscape and market share of China's automotive parts industry】(Gradient ranking of enterprises, evaluation of enterprise competitiveness, etc)

Huayu automobile (600741), china automotive industry corporation limited (china); weichai energy (00338); aolian electronics; junsheng company (600699), as well as other companies;

Main information: Regional competition and competitive landscape in the automotive parts industry
The competitive landscape of china's automotive parts industry
The domestic automotive parts industry has formed a relatively large segmented market. In terms of the current automotive parts industry, there are related enterprises such as weichai power and huayu automobile in the engine field; among them, fuyao glass and zhongce rubber have scale advantages in automotive body parts; in terms of driving systems, zhongce rubber provides customers with tires, while huawei and other companies provide customers with unmanned vehicles; among them, ningde times and junsheng electronics have significant technological advantages in the field of electronic equipment.

Ranking of china automotive parts industry companies

In June 2022,《 American Automotive News   》announced the world's 100 largest automotive parts suppliers for the year 2022. 《 American Automotive News   》ranks manufacturers based on their operating income in the automotive industry's affiliated markets last year. On the Chinese enterprise ranking, Yanfeng Group ranks 16th with a revenue of 13.757 billion US dollars (approximately 92.1 billion yuan), an increase of one place compared to 2021. In addition, a total of 9 companies entered the list, including Beijing Hainachuan, CITIC Daika, Dechang Electric, and Wuling Industrial. Compared to the same period in 2021, there were 2 more Chinese companies.

KSF (Knowledge Specialized Financial, KSF) is a technology and asset that enterprises must possess to obtain profits in the industry, and is an indispensable element of enterprise success. Based on the current development status of leading enterprises in the automotive parts industry, it can be seen that the main factors affecting their success include product production capacity, brand influence, industrial support, sales market, and profitability. From the perspective of companies such as Weichai Power, Huayu Automobile, Ningde Times, and Junsheng Electronics, an important layout factor for their leading position in the market is the production capacity and technical level of their products.

On the top 100 list of domestic automotive parts industry, Weichai Group, Huayu Automobile, Ningde Times, Hainachuan, and Junsheng Electronics rank in the top five. Among them, the rankings of Weichai Group and Huayu Automobile remain unchanged. Weichai Automobile's spare parts revenue increased from 249.3 billion in 2020 to 261.036 billion in 2021, while Huayu Automobile's spare parts revenue increased from 133.6 billion in 2020 to 139.9 billion in 2021. From this perspective, the revenue of major suppliers is maintaining an upward trend. From the perspective of regional distribution, most of the top ten are located in the coastal areas to the east, indicating their relatively complete industrial chain.

(Note: 1) The 2022 ranking is calculated based on data from 2021. ② The income here has chosen a partial income.
 

Research on market concentration ratio of auto parts industry

From the perspective of the pattern of the domestic auto parts market, china is one of the largest auto parts manufacturers in the world. Its companies basically cover all auto parts, but there are many types of auto parts, which results in the low concentration ratio of the entire auto parts market in china. From the perspective of revenue from major automotive parts, weichai group's automotive parts revenue in 2021 was 261.036 billion yuan, huayu automobile company's revenue was 139.9 billion yuan, ningde times' revenue was 91.49 billion yuan, and cr3 revenue was 13%. Weichai group focuses on engines, huayu automobile focuses on various vehicle accessories, and ningde times focuses on power batteries. All three companies are industry giants in their respective fields.

Research on industrial cluster strategy of china's automotive parts industry

In domestic automotive parts companies, the level of profit is determined by the gross profit margin and sales profit of a company. In this industry, fuyao glass and ningde times have relatively high profits. From the perspectives of enterprise revenue scale and product brand strength, among these enterprises, large enterprises such as weichai power and huayu automobile have significant competitive advantages. Overall, ningde times, huayu automobile, and weichai power all have strong market competitiveness and profit levels, while fuyao glass company's profit level is at the forefront.

Organizational structure and competitiveness evaluation of china's automotive parts industry

Regarding the industrial layout and competitiveness evaluation of the automotive parts industry, Ningde Times and Huayu Automobile have a good industrial layout, with many industries in the fields of batteries and power batteries, and are in a leading position in market competition.

Note: ① the company's commercial capacity is at most five star, ☆ half star;

②As of the end of january 2023, various companies have not yet released their annual reports for 2022, therefore, the data shown in the table is for the first half of this year.

Overview of the competitive situation of china's automotive parts industry

The porter's "five forces" model was applied to analyze the competitive environment faced by china's automobile parts production enterprises, and it was found that the current competition among automobile parts production enterprises in china is relatively fierce. Based on the above analysis, we have quantified the competition situation in various aspects, with 1 representing the maximum and 0 representing the minimum. Therefore, we can see from the following chart:

Please refer to the《 market outlook and investment strategy planning analysis report on china's automotive parts industry》for specific content, and provide industry big data, industry research, industry planning, park planning, industry investment attraction, industry map drawing, industry chain consulting, technical consulting, feasibility study in the early stage of ipo, writing of business and technology in the early stage of ipo, and consulting on ipo working papers.

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