Can the hottest auto parts market become a blue oc

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Whether the auto parts market can become a "blue ocean" for steel enterprises

in recent years, China's auto production has been growing at a high speed, which also makes auto parts manufacturers experience a golden growth period. The good export and domestic market sales of the auto parts industry have also attracted the attention of investors, including steel enterprises. In recent years, China's auto production has been growing at a high speed, which also makes auto parts manufacturers experience a golden growth period expected to be weak and stable in a short time. The good export and domestic market sales of the auto parts industry have also attracted the attention of investors, including steel enterprises

The export situation may continue in the first half of the year. China's total export of auto parts maintained growth, but the year-on-year growth rate fell. The export volume of auto parts still contributes the most to the total export volume of Auto goods. In the first half of the year, the cumulative export amount of auto parts was $28.159 billion, an increase of 4.59% year-on-year, a decrease of 9.77 percentage points over the same period last year, accounting for 75.82% of the total export of Auto goods

in the first half of this year, among the four major categories of auto parts products exported, the export of engines was 1.065 million units, a year-on-year increase of 1.33%, and the export amount was US $753 million, a year-on-year decrease of 5.79%. From the export situation in June alone, the export amount of engines was US $130 million, a month on month increase of 7.68%, a year-on-year decrease of 1.79%; In terms of tire export, the export amount of automobile and motorcycle tires was US $7.030 billion, a year-on-year decrease of 2.08%, which failed to continue the growth trend of last year; The export value of auto parts, accessories and body was US $14.712 billion, an increase of 9.17% year-on-year; The export value of other automobile related goods was US $5.664 billion, with a year-on-year increase of 3.61%

industry insiders predict that the export trend of auto parts will not change much in the second half of the year, and it can basically meet the various temperature control indicators specified in the national standards. According to the market performance in the first half of the year, the export amount will continue to increase slightly. However, analysts are cautious about the export of auto parts. Since most of the auto parts exported by China are produced by foreign-funded enterprises or joint ventures, the export products produced by domestic enterprises only account for about 20% of the total export products. In addition, with the gradual development of the international market, the domestic auto parts industry will face more intense international market competition

the proportion of automotive steel will increase

insiders said that due to the unexpected growth of domestic vehicle sales and the accelerated purchase demand for cars in third and fourth tier cities, the domestic market space of the automotive parts industry will be broader. At the same time, the quality requirements of auto parts are becoming more and more strict

the regulations on repair, replacement and return of household automotive products, which will be officially implemented on October 1, has made clear and inelastic provisions on parts. The parts used for the repair of household automotive products should be qualified parts provided or approved by the manufacturer, and the quality should not be lower than that of the products on the production and assembly line of household automotive products. The scope of three guarantees includes two assemblies of engine and gearbox, steering system, braking system, suspension system, body, front/rear axle, and 13 vulnerable parts. This will obviously have a far-reaching impact on the auto parts industry. Some enterprises with a gap in technical level and quality compared with the original parts will face severe challenges, but it is good for enterprises with excellent product quality

according to the calculation that the automobile output reached 28million in 2015, the annual demand for automobile steel is expected to increase to 60million tons by the end of the 12th Five Year Plan; The proportion of automobile steel consumption in China's total steel consumption will also rise from the current 6% to nearly 10%. According to experience, among automotive steel, special steel accounts for 28% to 3% and many large battery manufacturers are also actively developing and mass producing 5%. The amount of special steel can be about equal to the amount of steel used for automotive parts. Based on this calculation, the demand for steel for auto parts is expected to reach about 20million tons in 2015

may become the focus of steel enterprises' investment

because the steel plant has the advantages of customer channels and raw materials, extending its products to the auto parts business will not increase the cost of developing customers. Some insiders said that steel enterprises can consider integrating the auto parts business. In fact, some enterprises have begun to strengthen the development of auto business, and even extended to the construction of auto parts bases. For example, recently, WISCO announced that it would jointly build a parts base with Chery, mainly producing automotive stamping parts, and WISCO would participate in the mode of equity participation. Not long ago, Shougang officially launched its auto parts factory in Fangshan. Baosteel also cooperated with GAC group to intervene in the field of auto production with the continuous and rapid development of the plastic industry. The steel plant has a processing and cutting center around the vehicle plant, which can dig deep into the customer channel and narrow the relationship between automobile customers and the steel plant. In the current difficult situation of steel enterprises, strengthening the cooperation with automobile enterprises is also one of the ways of transformation and development. Some insiders believe that the auto parts business may become another investment focus of large steel companies

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