China's auto parts market is headed for the "Golden Age"
2021-08-31 12:04:19
From December 9th to December 12th, 2014, Shanghai International Auto Parts, Maintenance Testing and Diagnostic Equipment and Service Products Exhibition was held at Shanghai New International Expo Center.
Unprecedented
The exhibition featured the following characteristics: The number of exhibitors was record-breaking, and the entire museum exhibited the largest scale in history. The exchange activities during the same period were rich and colorful.
4,906 exhibitors from 39 countries and regions, an increase of 6% over the previous session. Among them are 17 international pavilions. The Argentine Pavilion and Pakistan Pavilion made their debut. Companies from Belarus, Peru, Portugal, Switzerland and Jordan exhibited for the first time.
This year, overseas exhibitors were extremely enthusiastic and the number was 581, an increase of 11% over the previous session; the number of domestic exhibitors jumped to 4325, an increase of 5%.
In this exhibition, 17 indoor standard exhibition halls of Shanghai New International Expo Center were opened, and 10 temporary exhibition sheds were added. The total exhibition area reached 220,000 square meters, an increase of 5% year-on-year. It was the largest ever.
In this exhibition, the three major product segments of auto parts, maintenance testing and diagnostic equipment and service products were larger than previous ones, covering the entire industrial chain better; adding brand new automobile accessories halls and bringing together many automotive industry products. Top brands, the number of exhibiting brands increased by 10.4% year-on-year, ranking first among the three major sectors. Many loyal exhibitors returned and expanded their capacity to promote the number of exhibitors in the repair and maintenance sector by 7.3%. The auto parts sector pays more attention to the balanced development of “brand, product service category, and in-depth segmentation†to achieve stable growth.
According to reports, about 86,000 people came to see the show. Some national and regional organizations visited the delegation, which is an important factor in the increase in the number of viewers. Among them, the Nepalese audience group and the Vietnamese audience were welcomed for the first time. Nearly 50 domestic delegations came from Hebei, Henan, Hubei, Sichuan, Tianjin and Guangdong.
This exhibition was supported by 42 units including the Hebei Automobile Warranty Equipment Industry Association and the Hebei Auto Parts Industry Association. There are 7 new franchise units.
During the same period of the 38-odd event, the three major product segments of auto parts, repairs and maintenance, automotive supplies, and modification were based on and extended to the entire industry, allowing delegates to discuss hot topics such as “car networkingâ€, “electric car†and “anti-monopolyâ€. Bring more information and inspiration to exhibitors and visitors.
"Three phases of superposition" produces new impetus
Experts said in an interview with reporters: “Since its founding in 2004, the Shanghai International Auto Parts, Maintenance Testing and Diagnostic Equipment and Service Products Exhibition has maintained a strong growth momentum in terms of exhibition area, number of exhibitors and variety of exhibits. Its scale and influence It is inseparable from the steady development of China's auto market. "At present, although China's "three phases (growth time into the shift period, structural adjustment is facing a painful period, the pre-stimulus policy digestion period) superimposed" macroeconomic situation conduction industry, Showing overall data is not as bright as in the past, but there are still many business opportunities in the world. Relevant experts pointed out: "The macro economy will bring new impetus to the automotive industry while conducting pressure. The Chinese auto market will usher in new opportunities for development. However, the growth in demand in the Chinese auto market is just like China's gross domestic product (GDP). It will no longer be a simple, rough quantity change, but it is undergoing a qualitative improvement.China's domestic car quality is at a historical peak.This will undoubtedly drive the upgrading of China's auto parts industry. China's auto parts industry is relying on quality and service development. Instead of relying on quantity and marketing. We are looking forward to its future."
Development space is huge
In the first year of China’s comprehensive deepening of reforms, the auto parts industry has witnessed a major transformation. Relevant experts drew industry attention to the following trends:
As China's auto market becomes the largest "cake" in the world's auto industry, China's auto parts industry will surely pursue the same status. This means that China's auto parts industry has tremendous room for development. The next five years are destined to be an outbreak of the Chinese auto parts industry. At the same time, this "cake" will surely go into standard. For example, the anti-monopoly of the National Development and Reform Commission indicates that the country is determined to cope with some chaotic phenomena in the auto parts industry; the mechanism for the recall of auto parts and components will gradually improve, and the reputation of the auto parts industry will be improved; the national industrial transformation and upgrading will give priority to small and medium-sized enterprises. China's auto parts industry has released tremendous momentum.
Technology drivers have gradually become the new normal. Today, as the Chinese economy is driven from the demographic factor to innovation, the auto parts industry is experiencing a huge technological impact. The sudden emergence of the new energy automotive industry will bring the technical level of the parts industry to new heights. At present, the reason why the auto parts companies in developed countries accelerate the export of technology to China is because they have to comply with this irreversible trend.
With the continuous development of the Chinese economy, some parts and components companies will “go global†and adopt the methods of mergers and acquisitions to establish a foothold in the international market.
The golden age of China's auto parts industry from "Made in China" to "Created in China" and even "China's Intelligence" is approaching.
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