Analysis of favorable factors for the development of domestic auto parts market
In recent years, with the annual growth of automobile production and sales, the income and profit scale of China's automobile vehicle and parts manufacturing industry has further improved, but affected by factors such as fierce competition in the industry, the overall profit rate of the industry has declined, and the competition situation of enterprises in the industry has differentiated, and some of the more competitive vehicle and parts manufacturing enterprises have still maintained a good profit rate.
In the face of increasingly fierce competition, what positive factors in the development of the auto parts market help the healthy development of the industry?
Favorable factor
(1) Support of national policies and industrial policies
In recent years, the State has issued the "Automobile industry Development Policy", "Several opinions of The State Council on accelerating the revitalization of the equipment manufacturing Industry", "Auto industry adjustment and revitalization Plan", "Opinions on promoting the sustainable and healthy development of China's automobile products exports" and other industrial policies, the above policies put forward: to vigorously promote the structural adjustment of the auto parts industry, industrial upgrading; Improve the international competitiveness, promote the sustained, healthy and stable development of China's automobile and parts exports; Support auto parts backbone enterprises to expand their scale through mergers and reorganizations, and increase domestic and foreign auto supporting market share; Promote automobile consumption and encourage cars to enter the family. The introduction of the above supporting policies provides a good macro policy environment for China's auto parts industry, which will effectively promote the sustainable and healthy development of the industry.
(2) The market demand for automobiles and passenger cars is growing steadily
The continuous growth of China's auto market demand has strongly promoted the stable development of the auto parts industry. From 2009 to 2016, the compound annual growth rate of China's auto sales has reached 12.75%, and the proportion of auto sales in the global auto sales has also increased rapidly from 20.86% in 2009 to 27.43% in 2015. As the main body of China's automobile market, the growth rate of the passenger car market is higher than the overall growth rate of the automobile market, with an average annual growth rate of 15.38%. It is expected that before 2020, China will still be in the development stage of industrialization and urbanization, the national economy will continue to develop steadily, and automobile consumption will be further upgraded.
