Insight into 2022: Competition pattern and market share of China's auto parts industry (attached with gradient ranking of market enterprises, evaluation of enterprise competitiveness, etc.)
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2022-09-26 09:00
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Competitive factions in China's auto parts industry
There are many types of auto parts industry in China. From the perspective of main auto parts products, there are Weichai Power, Huayu Automobile and other major enterprises in the engine system industry; In the field of body parts, Fuyao Glass and Zhongce Rubber have certain scale advantages; In the field of driving system, there are tires provided by Zhongce Rubber and auto drive system provided by Huawei and other enterprises; In terms of electronic system, Ningde Times and Junsheng Electronics have certain technical advantages.
Ranking of China's auto parts industry enterprises
In June 2022, American Automobile News released the list of top 100 global auto parts suppliers in 2022. American Automobile News ranks the suppliers according to their operating income in the supporting market of the automobile industry in the previous year. In this list, Yan Feng ranks the highest among Chinese companies, ranking 16th with revenue of US $13.757 billion (equivalent to about 92.1 billion yuan), up one place from 2021. In addition, there are nine companies on the list, including Beijing Hainachuan, CITIC Daika, Dechang Electric and Wuling Industry. The number of Chinese companies on the list has increased by two compared with 2021.
From the perspective of the industrial chain layout of China's auto parts competitors, the auto parts industry has a wide variety of products, with great differences among products, mainly including smart cabins, auto parts braking, auto parts systems, auto sensors, auto information systems, parts control systems, and so on. From the perspective of the development strategy of China's major auto parts competitors, the vast majority of auto parts enterprises choose the centralized strategy or intensive strategy, which to some extent indicates that the competition in the auto parts industry is very fierce, requiring competitors in the industry to continue to invest in products and businesses.
Analysis on Regional Concentration of Auto Parts Industry
According to the data from the Enterprise Check Cat big data platform, as of August 2022, China's auto parts enterprises are mainly distributed in Guangdong, Jiangsu and Zhejiang, of which the regional concentration in Zhejiang is 17.5%, the highest level in China, and the regional concentration in Jiangsu is 10.8%, ranking second. In terms of overall regional aggregation, it is mainly distributed in the eastern coastal areas of China.
Insight into 2022: Competition pattern and market share of China's auto parts industry (attached with gradient ranking of market enterprises, evaluation of enterprise competitiveness, etc.)
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