Current situation of auto parts enterprises in China
Some auto parts enterprises in China has entered the global vehicle matching system, the export business has become a very important part of the main income. At the same time, due to the state requirements for the joint venture vehicle rate, it promotes the localization trend of the parts, also enables a small number of parts enterprises to have high-tech product development capabilities, and the import substitutive competitiveness. In 2012, with the costs return of the parts enterprises in raw material, the gross profit margin bottom, if the high export growth trend continues, the growth rate of wholesale auto body parts is expected to be higher than the vehicle growth rate. According to incomplete statistics, the total production value of China's automotive supplies is about more than 400 billion RMB, among which exports account for 50%. China's auto parts exports overall situation is good, the global market share is increasing, and auto parts exports to high technical content product transfer trend is obvious. We should be particular concern about preventing automobile industry suffered foreign anti-dumping investigation in the future.
Global components market share keeps rising
The export situation for auto parts products is good this year, the customs 8708 auto parts products exports reach $ 9.29 billion, which is a year-on-year growth of 21.66%. According to the China Association of Automobile Manufacturers, the data showed that in recent years, China's auto parts products share is increasing in the global market. Though experienced the 2009 world financial crisis, global export markets have fallen sharply, the total exports of auto parts in China has decreased, but the decline is far less than the decline of the global market. Therefore, China's auto parts market share is improving, from 4.93% in 2008 to 5.74% in 2010. Some of auto parts products showed strong market competitiveness. Count by HS Code 8708 products, the wheels and their parts, brake friction plates, radiators, shock absorbers and other car body kits products global market share has gradually increased in 2010, which were 25.22%, 11.84%, 11.94% and 10.02%. The wheel market share accounts the first place among the largest countries around the world, showing strong market competitiveness. In addition, automotive supplies products output value is over 400 billion RMB, the export volume accounts for about 50% of GDP.
Market opportunity of auto parts
It is worth noting that the trend of China's auto parts exports transferring to products with high technological content is apparent, the steering device exports grew 37.96 percent, which is the highest rate of increase; transmission, power drive bridges exports exceed more than 20%. Countries will enhance the performance, reliability and service life of the auto parts as the main direction, promoting independent innovation components technology level, export and import substitution is the market opportunity faced by auto parts.
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