Panoramic analysis of China’s auto parts industry in 2022

We all say that the automobile industry is the largest industrial product of mankind, mainly because it includes complete vehicles and parts. The auto parts industry is even larger than the whole automobile industry, because after the automobile is sold, the starting battery, bumper, tire, glass, auto electronics, etc. need to be replaced in the life cycle.

The output value of auto parts industry in developed countries is often 1.7:1 compared with that of finished vehicles, while China is only about 1:1. In other words, although China is the largest auto production country in the world, the proportion of supporting parts is not high. Although many joint venture brands, foreign brands and even independent brands are produced in China, the parts are also imported from abroad. That is to say, the manufacturing of parts and components lags behind that of the whole automobile. The import of finished automobiles and their parts is the second largest industrial product imported by China in 2017, second only to integrated circuits.

Globally, in june2018, with the support of PricewaterhouseCoopers’ data, American Automotive News released the list of the top 100 global auto parts suppliers in 2018, which includes the world’s top 100 auto parts enterprises. Click to read? List of top 100 global auto parts suppliers in 2018

Japan has the largest number, with 26 listed;

The United States ranked second, with 21 companies on the list;

Germany ranks third, with 18 companies in the list;

China ranks fourth, with 8 listed;

South Korea ranks fifth, with 7 companies in the list;

Canada ranks sixth, with four companies on the list.

There are only three permanent members in France, two in Britain, none in Russia, one in India and one in Italy. Therefore, although China’s auto parts industry is weak, it is mainly compared with the United States, Japan and Germany. In addition, South Korea and Canada are also very strong. Regardless of the United States, Japan, Germany and South Korea, China’s auto parts industry as a whole still belongs to the category with strong strength in the world. Britain, France, Russia, Italy and other countries are so seriously deindustrialized in the automotive industry that it is not good for them.

In 2015, the Ministry of industry and information technology assigned the task of “investigation and Research on China’s auto parts industry”. After a long time of investigation, the report on the development of China’s auto parts industry was finally formed and released in Xi’an on may30,2018, which disclosed a lot of interesting data.

The scale of China’s auto parts industry is very large. There are more than 100000 enterprises in the country, including 55000 enterprises with statistical data, and 13000 Enterprises above the scale (that is, with an annual sales of more than 20million yuan). This figure of 13000 Enterprises above designated size is amazing for a single industry. Today in 2018, the number of Industrial Enterprises above Designated Size in China is more than 370000.

Of course, we can’t read all the 13000 cars above Designated Size today. In this article, we will look at the leading enterprises, that is, the backbone that will be active in China’s auto parts industry in the next decade or so.

Of course, these backbone forces, we still look at the domestic ranking more carefully. In the international rankings, for example, the list of the world’s top 100 auto parts released by Americans above, some Chinese companies did not submit relevant information, and some large-scale Chinese companies were omitted. This is one of the reasons why every time we look at the top 100 global auto parts companies, the number of Chinese companies on the list is always less than the actual number. In 2022, there were only 8.

Post time: Jun-16-2022