The global automotive industry, which has a history of 100 years, is in the midst of a period of rapid change in various technologies and innovations. New energy, smart interconnection and autonomous driving have become the main trends in the future development of the automotive industry. The global automotive industry is undergoing all-round transformation and innovation, ushered in unprecedented opportunities and challenges, and the components that make up the car are the foundation carriers for its transformation and innovation.
Looking at the current auto parts industry, there are four major development trends:
1 procurement globalization
In the context of global integration, in the face of increasingly fierce competition, in order to reduce costs, the world's major auto companies are gradually reducing the self-made rate of auto parts while expanding production scale, and adopting a global procurement strategy for parts and components. At the same time, in order to obtain greater benefits, international component suppliers have reduced or even stopped the production of some of their products that do not occupy competitive advantages, and instead procured products with comparative advantages globally.
2 system supporting, modular supply is gradually emerging
Increasing market competition has forced OEMs to switch from purchasing individual components to procuring the entire system. This transformation is not only conducive to vehicle manufacturers to make full use of the professional advantages of parts and components, but also to simplify the product support links and shorten the new product development cycle. As the system supplier is increasingly involved in the R&D, design and production process of new products of vehicle manufacturers, its technical and economic strength is gradually stronger. The system support has spawned the modular supply of parts companies. In the modular supply, the parts companies undertake more new product and new technology development work, and the vehicle manufacturers rely more and more on the parts and components in the products and technology. Component companies are increasingly important in the automotive industry.
3 industry transfer speed is accelerating
Higher labor costs in developed countries such as Europe, America, and Japan have led to a lack of cost advantages for auto parts produced in these countries. In response to market competition, large auto parts companies in these countries have accelerated the speed of industrial transfer, not only to shift production and manufacturing links to low-cost countries and regions, but also to extend the scope of research and development, design, procurement, sales and after-sales service. In the link, the scale of the transfer is getting bigger and bigger, and the level is getting higher and higher. Countries such as China and India have become the main destinations for attracting the global auto parts industry.
4 Advantageous enterprise market share is gradually concentrated
Under the background of increasingly specialized division of labor, vehicle manufacturers have changed from traditional vertical operation, pursuit of large and complete production mode to streamlined institutions and specialized production models based on the development of complete vehicle projects. Pyramid structure of multi-level division of labor such as component suppliers, secondary component suppliers, and third-tier component suppliers. In general, the lower the level, the more suppliers there are at that level. The large-scale grouping of current parts manufacturers has gradually led to corresponding changes in the structure between OEMs and Tier 1 parts suppliers, and the number of Tier 1 parts suppliers has been decreasing. With the continuous deepening of the grouping of component companies, the automotive industry has increasingly formed a few parts and components companies to monopolize the production of a certain component, and provide the structure to a number of OEMs.