As the foundation of the auto industry, auto parts are a necessary factor to support the sustainable and healthy development of the auto industry. In particular, the current auto industry is vigorously developing independent development and innovation, which needs a strong component system for support. The independent brand and technological innovation of the whole vehicle need parts as the foundation. The independent innovation of the parts and components has a strong impetus for the development of the whole vehicle industry. They influence and interact with each other. There is no independent brand of the whole vehicle, and a strong parts system It is difficult for the R&D and innovation capabilities of the company to burst out. Without the support of a strong component system, it will be unsustainable for the self-owned brand to become bigger and stronger.
From January to December 2005, the total industrial output value of all auto parts and accessories manufacturers in China was 383,800,952 thousand yuan, an increase of 18.67% over the same period of the previous year; the accumulated product sales income was 375,265,815 thousand yuan, an increase of 20.21% over the same period of the previous year; The total accumulated profit was RMB 21,462,002,000, a decrease of 9.09% over the same period of the previous year.
From January to December 2006, all auto parts and accessories manufacturing enterprises in China achieved a total industrial output value of 539,704,996 thousand yuan, an increase of 34.35% over the same period of the previous year; the accumulated product sales income was 527,234,933 thousand yuan, an increase of 34.71% over the same period of the previous year; The total accumulated profit was 32,605,652 thousand yuan, an increase of 46.79% over the same period of the previous year; as of the end of December 2006, the number of enterprises above designated size in the industry was 6,142.
From January to November 2007, the total industrial output value of all auto parts and accessories manufacturers in China was 683,525,503 thousand yuan, an increase of 37.34% over the same period of the previous year; the accumulated product sales income was 663,529,269 thousand yuan, an increase of 37.45% over the same period of the previous year. %; the total accumulated profit was 48,487,363 thousand yuan, an increase of 68.61% over the same period of the previous year; as of the end of November 2007, the number of enterprises above designated size in the industry was 7,171.
From January to October in 2010, the total profit of the auto parts industry is still increasing, but the growth rate has slowed down; the import and export volume has also increased, but the imported products such as gearboxes and engine parts are highly profitable and high-end products. Value-added and high-tech products are the main products, and export products are mainly labor-intensive and resource-consuming with low entry barriers and thin profits, such as tires and electronic instruments. The downstream vehicle industry has overcapacity for a certain period of time. Although there was an unconventional high-speed growth in 2010 under various stimulus policies of the country, the growth rate of production and sales slowed down in 2011 and the pressure of overcapacity increased. The industry may be under pressure from larger profits in the second half of the year. The main problem facing the industry is that both upstream and downstream are squeezed, and the industry faces dual pressures. The parts industry is an industry that is squeezed at both ends, and it lacks bargaining power for upstream and downstream. Upstream raw materials are mainly steel, rubber, plastics, fabrics, etc. The price of which is ultimately determined by the price of steel, petroleum, natural rubber and other commodities. Auto parts companies can only avoid risks by judging the price trend of upstream commodities. At the same time, most downstream vehicle manufacturers are large enterprises and large groups, and they are in a strong position in the game of interests with parts manufacturers. They have strong negotiating ability and can transfer cost pressure to the auto parts industry. Therefore, parts are actually at two ends. Squeezed “sandwich” sandwich status.
In 2011, the output value of China’s auto parts sales has exceeded 2 trillion yuan, and it will maintain an increase of more than 20% in the next few years. It is estimated that by 2015, the scale output value of China’s auto parts industry will reach 2.5 trillion yuan. Since 2002, China’s automobile production and sales have maintained rapid growth for nearly 10 years, and the automobile industry has developed into a pillar industry of China’s economy. In 2009, China’s automobile production and sales exceeded 13 million units, ranking first in the world. By 2011, China’s automobile production and sales exceeded 19 million units, ranking first in the world for three consecutive years.
As competition in the auto parts industry continues to intensify, mergers and acquisitions and capital operations among large auto parts companies are becoming more and more frequent, and china excellent auto parts manufacturers are paying more and more attention to the research on the industry market, especially the development environment and An in-depth study of changing customer demand trends. Because of this, a large number of excellent china auto parts brands have risen rapidly and gradually become the leaders in the auto parts industry. For details, see the “Analysis Report on In-depth Market Research and Investment Prospects of China’s Auto Parts Manufacturing Industry”!
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