A car is composed of more than 20,000 spare parts. In the current domestic auto market that lacks new ideas, a spare parts market consisting of more than 20,000 parts is quietly brewing.
After the auto show in May, the vehicle market entered a period of calm. However, the auto parts market is in full swing.
Valeo announces new plans for development in China during the auto show; ThyssenKrupp also advertises its advantages in the production of chassis, bodywork and power transmission products; and Hydro Lubrication for precision pipe manufacturers for auto parts manufacturers. (Suzhou) Co., Ltd. has also opened at the end of May.
This reflects the potential of China's auto market from one side, and the entire auto market has begun to enter a steady period of development.
The automotive market drives the development of the spare parts market
Many people say that the automobile market has entered the cold period. In fact, this is compared to the rapid expansion of the auto market in the past two years. After a rapid deformity develops, there will inevitably be a period of buffering. After the buffer period has passed, then it should enter a period of stability. The biggest performance of the smooth period is full development. In addition to the entire vehicle market, it also includes the auto parts market, vehicle maintenance and after-sales service market.
The automobile is made up of more than 20,000 spare parts, and many new automobile technologies are new technologies of spare parts manufacturers. However, when people look at things, they tend to focus on the whole thing and ignore the parts. In the quiet period of the vehicle market, we should focus our attention on the spare parts market. Nowadays, the purchase quantity of spare parts for many international manufacturers is the largest in China.
We do not discuss "chicken or eggs first," but we must admit that both automakers in China, either wholly owned or joint ventures, have begun targeting the vehicle market and further building the spare parts market. The continuous development of China’s auto market has led some auto parts manufacturers to start building plants in China. The earliest known auto parts manufacturers we know are Delphi and Bosch, as well as some tire manufacturers such as Michelin and Bridgestone. Goodyear and so on.
They chose to build the factory in China to meet the purchasing needs of Chinese automakers. The price advantage of China’s labor force and the preferential policies of various localities have led them to decide to build more factories in China, and even some manufacturers will place more than half of the purchases in Asia in China.
Parts manufacturers have full confidence in the Chinese auto market
During the auto show, Valeo Group, a global automotive parts supplier, announced plans for further development in China. Goal By 2010, Valeo will become the world's top five automotive accessory manufacturers. Valeo Group's sales in Asia will account for 25% of its global sales in 2010 (currently Asian sales account for 12% of its global sales, and China will account for 1/3 of sales in Asia).
The Valeo Group Vice President O Ruide and Deputy General Manager of Valeo Group's China headquarters Wang Yongqian expressed in the interview that they are full of confidence in the Chinese auto market. They think that the Chinese auto market will have great development and by 2010 China will become the world’s largest The second largest automobile manufacturer. The Valeo Group wants to accelerate its development in China.
With the acceleration of Valeo's development in China, its purchases in China are also rising year by year. It is reported that in 2004 Valeo purchased 300 million euros in China, this year's plan is 450 million euros and is expected to reach 1 billion euros by 2008. Of these purchases, a small portion is used by Valeo companies in China, and the vast majority of them are exported to meet the needs of overseas factories.
In addition to Valeo, Delphi, Bosch, and some tire manufacturers are also taking China as their own development plan.
It is not difficult to see that the continuous development of the auto parts market will inevitably promote the development of auto factories. After the formation of a sound supply chain, the development of the auto market will inevitably become more and more stable.