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Development of auto parts industry

As a supporting industry of automobile industry, auto parts industry is an important part of it. The development of automobile parts industry is closely related to the development of automobile industry. The whole vehicle manufacturing and technological innovation of automobile industry need parts as the foundation. The innovation and development of parts have a strong driving force for the whole vehicle manufacturing of automobile industry. With the economic globalization and the refinement of industrial division of labor, the auto parts industry plays a more and more important role in the auto industry. Therefore, in recent years, the vigorous development of the global auto industry has driven the market prosperity of the auto parts industry.

Development of global auto parts industry
After long-term development, the auto parts industry in developed countries has the characteristics of large scale, strong technical force, sufficient capital strength, high industrial concentration and global synchronization; A number of world-famous parts enterprises with sales revenue of more than 10 billion US dollars have emerged in the industry, represented by German Bosch, mainland and American Johnson Controls, Japanese Denso and Aisin precision machinery, French Faurecia and Valeo. These internationally renowned auto parts enterprises have strong economic strength and R & D strength, leading the development direction of the world auto parts industry.

As the basis of the development of automobile industry, auto parts are the key industries supported by the state for a long time. By the end of 2016, the total operating revenue of Enterprises above Designated Size in China's auto parts manufacturing industry was 3.72 trillion yuan, a year-on-year increase of 15.89%, and the total profit was 282.526 billion yuan. With the continuous improvement of the overall technical level and R & D capacity of the industry, China's auto parts industry has not only formed a complete industrial chain with domestic vehicle manufacturers, but also played an increasingly important role in the global auto supporting market. It has become one of the world's most important auto parts manufacturing and exporting countries, and the pace of globalization and internationalization has been accelerating. China's auto parts are mainly exported to the United States, Japan, the European Union and other countries and regions with developed auto industry. At the same time, China is gradually opening up emerging markets such as Latin America. From 2009 to 2014, China's auto parts export increased rapidly, from US $25.474 billion in 2009 to US $64.615 billion in 2014, with an average annual compound growth rate of 20.49%. Since 2015, China's auto parts export has declined slightly, but it still reached US $60.25 billion in 2016.

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