China's auto parts industry development trend in 2021

With the economic globalization and the refinement of industrial division of labor, the role of auto parts industry in the auto industry is becoming more and more important, and the involvement of auto parts suppliers in the vehicle development and production process is becoming more and more deep. In recent years, the booming development of the global auto industry has driven the market prosperity of auto parts industry.

1. The auto parts industry still has huge space

Whether from the growth space of China's auto industry, or from the law of industrial structure adjustment and upgrading of China's auto parts industry, China's auto parts industry still has a huge space in the next few years.

2. The country will focus on supporting the auto parts industry in the long term

As the foundation of the development of automobile industry, auto parts is a long-term key industry supported by the state. Our government has issued a series of policies and measures to encourage the development of basic parts.

3. The trend of industrial layout clustering and product production integration is more obvious

The regional layout of oEMS business has a strong feature of cluster, which determines that the development mode with the industrial chain as the core and forming supporting industrial cluster in a certain region has a strong competitive advantage.

4．Industrial consolidation and restructuring accelerated

By integrating internal and external resources, improving the overall scale and reducing production costs will be one of the core competitiveness of auto parts enterprises in the future.

5. Modularity and lightweight drive industrial change

From the perspective of modularization, with the gradual promotion of modularization technology, automobile manufacturers will significantly reduce the purchase quantity of auto parts, and promote the purchase mode from "single product purchase" to "module purchase". From the perspective of lightweight, lightweight body has therefore become an important development direction of new energy vehicles. It is expected that in the future, new energy batteries, motor housing, chassis subframe, steering system and other materials will be used with lighter and higher strength to reduce weight.