In China, the automobile spare parts industry refers to the manufacture of motor vehicles and various accessories of their bodies. Automobile spare parts researched in this report mainly include engines, tires, automobile glass, automobile electronics, etc.
With 30 years of development since the reform and opening up, especially the rapid and stable growth of China's automobile market, the overall strength of China's automobile spare parts industry greatly enhances in recent 10 years. Centering on vehicle matching and international market, six major spare parts producing clusters, i.e., Beijing-Tianjin-Hebei, Northeast China, Sichuan-Chongqing, Hunan-Hubei, the Yangtze River Delta and Pearl River Delta as well as 12 state-level automobile spare parts export bases are formed nationwide. In the future, the development of China's automobile spare parts industry is vital to that of China's automobile industry.
As China becomes the world's largest country for the production and sales of automobiles, its automobile spare parts industry also maintains a rapid growth. In 2012, the market size of China's automobile spare parts already exceeds CNY 2 trillion.
The overall engine technologies of China are on the low and medium-end levels globally. Among them, the gasoline engine industry is relatively dispersed. The market is dominated by joint-venture brands, and the self-supply trend of vehicle enterprises is evident; the concentration rate of diesel engines is relatively high. The market is basically occupied by local enterprises, and the share continuously concentrates towards leading enterprises.
The automobile electronics market of China rapidly grows. However, the highly-technological electronic control system field with a relatively large proportion is dominated by foreign-funded enterprises. Foreign manufacturers almost monopolize fields of core products such as power control, chassis control and high-end airbags; local manufacturers are mainly concentrated in vehicle electronics product fields characterized by relatively low technology thresholds.
The concentration rate of China's automobile tire industry is relatively low, and the market competition is fierce. By virtue of advantages in capital and technologies, foreign-funded enterprises account for over half of the market share. Moreover, the share is up to 80% in the medium and high-end tire fields; local enterprises dominate the low and medium-end markets.
The automobile glass market of China is mainly dominated by Fuyao Glass Industry Group Co., Ltd. and Xinyi Glass Holdings Limited; it is difficult to enter the industry for certain barriers are already formed.
The vehicle matching, after-sales maintenance and export are three main demand sources for China's automobile spare parts market. Compared with automobile manufacturing, China's automobile spare parts market possesses stronger growth trend. Since 2011, the growth rate of China's vehicle production & sales volume slightly declines. However, with the continuous rise in automobile reserve number in China (already exceeding 120 million by the end of 2012) and the production capacity transfer of spare parts internationally, China's automobile spare parts industry will be spurred to continuously develop.
In a fully-mature international automobile market, 50% to 60 % of the profits come from the automobile after-market service field. The scale ratio between vehicles and spare parts in automobile industry is supposed to be above 1:1.5, in line with international standards. According to available data, the total output value of China's automobile spare parts industry always lags behind that of the automobile vehicle manufacturing. In 2011, the scale ratio between them was only 0.41:1. Regarding this, there is still great potential for the development of China's automobile spare parts industry.
Table Of Content
Table of Contents
1 Basic Situation of Automobile Spare Parts Industry
1.1 Definition and Classification
1.2 Major Products of the Industry
1.2.1 Product Structure
1.2.2 Analysis on Major Products and Application Fields
1.3 Status in China's Economy
1.3.1 Industry Scale
1.3.2 Proportion of the Industry in China's GDP
2 Development Environment of China's Automobile Spare Parts Industry, 2011-2013
2.1 Macroeconomic Environment
2.1.1 China's Economy
2.1.2 Global Economy
2.2 Industrial Policies
2.2.1 Overview on Policies
2.2.2 Analysis on Key Policies
2.2.3 Development Trend of Policies
3 Development of China's Automobile Spare Parts Industry, 2011-2013
3.1 Supply Analysis
3.1.2 Supply Structure
3.2 Demand Analysis
3.2.1 Sales Revenue
3.2.2 Demand Structure
3.3 Import and Export of China's Automobile Spare Parts
3.3.1 Import and Export of Automobiles
3.3.2 Analysis on Import of Automobile Spare Parts
3.3.3 Analysis on Export of Automobile Spare Parts
3.4 Analysis on Investment and Financing of China's Automobile Spare Parts Industry
3.4.1 Fixed Asset Investment
3.4.2 Investment Structure
3.4.3 Analysis on M&A
4 Competition in China's Automobile Spare Parts Industry, 2011-2013
4.1 Barriers to Entry and Exit
4.1.1 Barriers to Entry
4.1.2 Barriers to Exit
4.2 Competition Characteristics of the Industry
4.2.1 Technology Competition Being Commanding Height of Future Competition
4.2.2 Intensified M&A of the Industry
4.3 Development Characteristics of the Industry
4.3.1 Economies of Scale
4.3.2 Concentrated Regional Distribution
4.3.3 Low R&D Capacity and Manufacture Technology of Products
4.3.4 Investment in Automobile Spare Parts Industry Severely Lagging Behind That in Vehicles
4.3.5 Low Production Concentration Rate
4.4 Competition in China's Automobile Spare Parts Sub-industries
4.4.1 Automobile Engines
4.4.2 Automobile Electronics
4.4.3 Automobile Tires
4.4.4 Automobile Glass
5 Analysis on China's Automobile Spare Parts Industry Chain
5.1 Overview on Industry Chain
5.2 Upstream Industries
5.2.1 Steel Industry
5.2.2 Synthetic Rubber Industry
5.3 Downstream Industries
5.3.1 Overview on Automobile Industry
5.3.2 Development Trend of Automobile Industry
5.3.3 Influences of Automobile Industry on Automobile Spare Parts Industry
6 Development of Key Sub-industries of China's Automobile Spare Parts Industry, 2011-2013
6.1 Introduction of Sub-industries
6.2 Engine Industry
6.2.2 Diesel Engines
6.2.3 Gasoline Engines
6.2.4 Development Trend
6.3 Tire Industry
6.3.4 Development Trend
6.4 Automobile Glass
6.5 Automobile Electronics
7 Analysis on China's Automobile Spare Parts Industry by Region, 2011-2013
7.1 Overview on Regional Distribution of China's Automobile Spare Parts Industry
7.1.1 Regional Distribution of Production & Sales
7.1.2 Scale Distribution of Enterprises
7.1.3 Benefit Distribution of Enterprises
7.2 Layout and Development Trend of the Industry
7.2.1 Current Layout
7.2.2 Layout Planning: Industrial Pattern of Six Major Clusters
7.3 Analysis on Key Regions of the Industry
8 Analysis on Key Automobile Spare Parts Manufactures in China's Market, 2011-2013
8.1 FAW-Volkswagen Automotive Co. Ltd.
8.1.1 Company Profile
8.1.2 Production of Automobile Spare Parts
(Directory structures of 8.2 to 8.10 are similar to that of 8.1)
8.2 Dongfeng Nissan Passenger Vehicle Company
8.3 Shanghai GM DongYue Powertrain Co., Ltd.
8.4 Guangxi Yuchai Machinery Group Co., Ltd.
8.5 Weichai Power Co., Ltd.
8.6 Shanghai Volkswagen Automotive Co. Ltd.
8.7 SAIC GM Wuling (SGMW) Automobile Co., Ltd.
8.8 Huayu Automotive Systems Co., Ltd.
8.9 Fuyao Glass Industry Group Co., Ltd.
8.10 Hangzhou Zhongce Rubber Co., Ltd.
8.11 Major Foreign-funded Automobile Spare Parts Enterprises in China's Market
8.11.2 Continental AG
8.11.4 Denso Corporation
8.11.7 TRW Group
8.11.9 Johnson Controls, Inc.
9 Prediction on Development of China's Automobile Spare Parts Industry, 2013-2017
9.1 Factors Influencing Development
9.1.1 Economic Situation
9.1.2 Industrial Policies
9.1.3 Market Factor
9.2 Development Prediction
9.2.1 Supply Prediction
9.2.2 Demand Prediction
9.3 Discussion on Investment Opportunities
9.3.1 Investment Opportunities by Region
9.3.2 Investment Opportunities by Industry
9.4 Recommendations on Development and Investment
List of Tables
List of Figures
Chart Proportion of Automobile Spare Parts Industry in China's GDP, 2008-2012
Chart Main Policies of China's Automobile Spare Parts Industry, 2011-2012
Chart Output of China's Automobile Engines, 2010-2012
Chart Output of China's Automobile Tires, 2010-2012
Chart Sales Revenue of China's Automobile Spare Parts Industry, 2007-2012
Chart Import and Export Value of China's Automobile Spare Parts, 2008-2012
Chart Import and Export of Major Automobile Spare Parts in China, 2012
Chart Major Export Destinations of China's Automobile Spare Parts, 2011
Chart Sales Volume of China's Automobile Engines, 2010-2012
Chart Prediction on Output of China's Tires, 2013-2017
Chart Prediction on Market Size of China's Automobile Spare Parts, 2013-2017