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Automotive parts

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EASIAHOME can also manufacture  auto parts, which refer to the parts needed in auto production. As the foundation of automobile industry, auto parts are the necessary factors to support the sustainable and healthy development of automobile industry. In particular, the current auto industry is undergoing vigorous and vigorous independent development and innovation, which needs a strong component system as support. The independent brand and technological innovation of the whole vehicle need parts as the basis, and the independent innovation of parts has a strong driving force for the development of the whole vehicle industry. They interact and interact with each other. Without the independent brand of the whole vehicle, the R&D and innovation capability of a strong parts system is difficult to break out, and without the support of a strong parts system, the growth of the independent brand will be difficult to sustain.

Auto parts industry overview

According to the customs import and export data compiled by the China Association of Automobile Manufacturers, the export amount of China’s automobile commodities continued to grow slightly in 2014, with an accumulated export amount of 84.314 billion US dollars, up 7.08% year on year. Among them, the export amount of auto parts was 64.617 billion US dollars, an increase of 8.02% year on year, and the growth rate was slightly slower than that of the previous year; It accounted for 76.64% of the total export of automobile commodities, with the share up 0.36 percentage points over the previous year. However, the proportion of automobile exports was only 15.23%, far lower than the proportion of spare parts exports. On the whole, the export situation of auto parts in 2014 was good. The export of spare parts has become the main factor driving the export growth of automobile commodities. The export amount of four categories of auto parts (engine, auto parts, accessories and body, auto and motorcycle tires, and other auto related products) has increased over the previous year, including 3.6622 million engines, up 10.56% year on year; The export value was 1.680 billion US dollars, up 6.69% year on year; The export value of auto parts, accessories and body reached 35.359 billion US dollars, up 11.96% year on year, a significant increase over the previous year; The growth of export value of automobiles, motorcycle tires and other automobile related commodities slowed down compared with that of the previous year, with exports of US $15.151 billion and US $12.427 billion, respectively, up 1.83% and 5.43% year on year.

Automotive_Transmission

Automotive parts brand

The world’s recognized top seven auto parts suppliers are:

  1. Bosch, Robert Bosch GmbH, also known as Bosch Group, is the world’s No. 1 auto parts supplier.
  2. Denso Corporation’s headquarters and factories are located in Japan, the center of the construction industry and automobile manufacturing industries.
  3. Magna International, headquartered in Ontario, Canada, is the world’s third largest auto parts supplier. 
  4. Continental AG, also known as Continental, is an automotive parts supplier headquartered in Hanover, Germany.
  5. ZF Friedrichshafen AG, also known as ZF Group, has helped Germany maintain its global leading position in the industry by virtue of its top reputation as a supplier of high-quality auto parts.
  6. Aisin Seiki Co. Ltd is a brand owned by Toyota, a well-known automobile manufacturer, and also an important supplier in the global automation field. It has great influence in establishing a good reputation in the Japanese automobile industry.
  7. Hyundai Mobis, South Korea’s position in the global automotive field need not be repeated, but more facts have proved that South Korea’s manufacturing business has gone beyond the automobile itself, and gradually extended to the automotive parts manufacturing field.

The seven suppliers listed above represent the leaders in the automotive industry today – they have been committed to continuous innovation for many years, providing first-class products and services to automobile manufacturers, and have won a good reputation in the industry.

Automotive Aftermarket

Automotive aftermarket parts industry

What is automotive aftermarket industry

Automobile aftermarket refers to various services during the use of automobiles after automobile sales. It covers all the services consumers need after buying a car. That is to say, the general name of a series of transaction activities generated around various subsequent needs and services in the automobile after-sales use link during the process from selling to scrapping.

The earliest classification of the automotive aftermarket is based on the order of the first and last automobile sales. The automotive aftermarket industry is referred to as the automotive aftermarket. The automotive aftermarket can be broadly divided into seven industries: automobile insurance industry; Auto finance industry; Automotive IT industry; Automobile maintenance industry (automobile boutiques, supplies, beauty, fast repair and modification shops); Automobile maintenance and parts industry; Automobile culture and automobile sports industry; Used cars and car rental industry.

How bit the automotive aftermarket industry

The domestic automotive aftermarket can be divided into four development stages:

The first stage was from 1990 to 1996, the beginning of the automotive aftermarket. Service objects: basically official vehicles; The second stage is from 1997 to 2006. In the high-speed development stage of the automotive aftermarket, the service objects are mainly government cars and 15% private cars; The third stage is the shuffling stage of the automotive aftermarket from 2007 to 2010. Service objects: private cars, 50% official cars, 50%; The fourth stage is after 2011, when the automotive aftermarket develops slowly, the service objects are mainly private cars, and there are 2-3 regional leading stores in each region. The brand fast repair and fast maintenance stores are parallel to 4S stations. Foreign automotive service chain giants enter China, and other individual stores should choose their own development path.

What is the aftermarket business

While the automotive aftermarket has a professional segment industry, there has also been a new mode of automotive aftermarket service. Not long ago, the car remote service was launched. Relying on mobile communications and the Internet, we will integrate automotive aftermarket resources, and provide services covering automotive safety assurance, automotive maintenance and repair, automotive rescue, road meteorology, satellite navigation, multimedia entertainment, car phones, mobile TV, vehicle insurance, etc.

Experts believe that the emergence of subdivided industries and new service modes in automotive aftermarket service shows that diversified service modes will gradually become the development direction of China’s automotive aftermarket service market in the future.

automotive parts manufacturers

Auto parts industry future

what will the automotive industry look like in 2025

The reform of the automobile industry is closely related to the judgment and decision-making of automobile enterprises, which will have an irreversible significant impact on their assets, personnel and supply structure. However, the future development is not completely controlled by the car enterprises, but also depends on other participants, regulators, technology development process and other comprehensive factors. Deloitte has selected six strategic areas, which are the most likely problems for automobile enterprises in 2025.

First of all, with the rapid development of battery technology, the price of electric vehicles continues to decline, and more and more consumers will consider buying electric vehicles. Secondly, regulators are expected to further promote the development of electric travel. By 2025, nearly one third of the cars sold will be equipped with alternative power systems. By 2030, China, Germany and the United States will stop selling internal combustion engines. The changes in battery prices largely determine the market’s acceptance of electric vehicles.

Automobile is a promising industry in the traditional manufacturing industry.

The automobile industry has a long industrial chain and a large market capacity, which can drive more than N industries. Investment, employment, profits and taxes, and consumption are on a large scale.

2. Automobile is one of the most complex and productive commodities among civilian consumer goods. Now the industry is upgraded, and the state will certainly support this industry.

3. At present, self-owned brand car enterprises, such as Geely Chang’an Great Wall GAC, have made significant progress and accumulated a lot. I don’t think this momentum will collapse in the middle.

4. With economic development and consumption upgrading, cars will become the standard configuration for homes, forming a massive market.

5. The new forces of car building and the promotion of venture capital. In fact, both of them must be interested in the trend of industrial upgrading and consumption upgrading. The catfish effect has also brought huge funds to the industry.

6. The Belt and Road will bring a huge overseas market to its own brands.

Conclusion

The above content is successfully discusses the future of auto parts and their sales. In order to achieve this, it first discussed the current situation of the automotive industry, how it developed, and the brands of auto parts and accessories. It also looked forward to the future development trend of auto parts in 2025. We EASIAHOME will certainly create great achievements for the continued R&D and production of auto parts, and also look forward to more industry exchanges and cooperation.

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