Affected by the country's adjustment to the automobile market policy this year, the domestic automobile market slowed down in the first five months. Especially in Beijing where purchase restrictions are imposed, many dealers even face problems of survival. In the eyes of dealers and vehicle companies, the aftermarket has become the key to ensuring profits and market share.
The development trend of the Chinese auto market in the next few years will maintain stable growth. The sales of the Chinese auto industry in the next five years will maintain a growth rate of 12% to 15%.
In terms of exports, China’s manufactured parts and components have a sharp increase in market share in countries such as the United States, Japan, South Korea, and Germany, and export growth in these major destinations is between 36% and 54%. In the domestic market, the demand for vehicle aftermarket accounted for 14% of the sales revenue of all domestic components. With the aging of vehicles and the increase of holdings, the demand of aftermarket will become the main driving force for the growth of auto parts enterprises. It is estimated that by 2015, China’s car ownership will grow by more than 145 million vehicles from the current 60 million, and this will drive the aftermarket parts and service industry to grow by more than 30% annually.
In fact, according to the typical characteristics of the current Beijing market, all dealers who maintain a good level of profit in the market basically rely on sales to obtain profit growth.
Although the profitability of the parts and components industry is high, some experts also pointed out that the current domestic parts and components industry is not strong in key technologies and independent innovation, and many key parts and components are foreign-owned, such as the DSG gearbox factory of the Volkswagen Group in China. This is very unfavorable for the development of Chinese domestic parts and components companies. It is reported that Bosch will sell its basic brake business to Asian companies. However, due to the low technical content of this business, its large competitors are not interested. On the contrary, parts and components companies including South Korea and China are targets of this sale.
China's auto parts companies have unique advantages in development. As China's auto ownership increases year by year, the aging of vehicles will require higher and higher requirements for after-sales services. Only by changing the mode of development in the past, can we be fierce. Winning in market competition.
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