Total assets of the industry surpassed RMB 1.5tn in 2012 and grew to over RMB 1.8tn in the first three quarters of 2013. Local auto parts makers lag behind international competitors in automotive electronic control systems. Joint venture is the preferred way for foreign auto parts makers to establish and expand operation in China.
In the first nine months of 2013, imports and exports of auto parts, accessories and bodies reached USD 20.1bn and USD 23.2bn, respectively. Gearbox, is the single largest imports by category and accounted for over 30% of total imports value in the first three quarters of 2013.
The new China IV emission standards would create new demand for exhaust after-treatment systems and expand the existing production output of fuel injection market. The movement toward modular architecture among automakers might drive consolidation among auto parts manufacturers.
Summary of Key Points
- The Chinese auto parts industry has started to see more steelmakers investing and expanding into the industry.
- Majority of the local parts manufacturers do not possess core technologies due to limited resources and capabilities in research and development.
- Joint venture is the preferred way for foreign auto parts makers to establish and expand operation in China amid tightened regulations.
1.1 Market Size and Value
1.2 Domestic Auto Parts Makers
1.3 Foreign Auto Parts Makers
1.4 Imports and Exports
2. Market Trends and Outlook
2.1 China IV Emission Standards
2.2 The Entry of Steelmakers
2.3 Alternate Fuel Vehicles
2.4 Automakers’ Modular Platforms Strategy
3. Leading Players and Comparative Matrix
3.1 Leading Players
3.1.1 Huayu Automotive Systems Co. Ltd.
3.1.2 Fuyao Glass Industry Group Co. Ltd.
3.1.3 Changchun FAWAY Automobile Components Co. Ltd.
3.1.4 Weifu High-Technology Group Co. Ltd.
3.1.5 Anhui Zhongding Sealing Parts Co. Ltd.
3.2 Comparative Matrix
3.3 SWOT Analysis
4. Tables and charts
List of Tables
Table 1: Timetable of Emission Standards Enforcement (as of July 2013)
Table 2: Huayu Automotive Financial Highlights (FY/2009–9M2013)
Table 3: Fuyao Glass Financial Highlights (FY/2009–9M2013)
Table 4: Changchun FAWAY Financial Highlights (FY/2009–9M2013)
Table 5: Weifu High-Tech Financial Highlights (FY/2009–9M2013)
Table 6: Anhui Zhongding Financial Highlights (FY/2009–9M2013)
Table 7: Selected Peer Comparison of Key Financial Ratios
List of Charts
Chart 1: Total Number of Motor Vehicles in China (2006–2012)
Chart 2: Automobile Production in China (2006–9M2013)
Chart 3: Auto Parts Industry Revenue and Profit Margin (2005–9M2013)
Chart 4: Total Assets of Auto Parts Industry (2005–9M2013)
Chart 5: Number of Enterprises in Auto Parts Industry (2003–2012)
Chart 6: Auto Parts Industry Workforce (2003–2012)
Chart 7: Trades of Auto Parts, Accessories and Bodies (2008–9M2013)
Chart 8: Gearbox Imports and Exports (2008–9M2013)
Chart 9: Sales of Commercial Vehicles (2006–9M2013)
Chart 10: Huayu Automotive Segment Revenue 2012
Chart 11: Fuyao Glass Segment Revenue 2012
Chart 12: Changchun FAWAY Segment Revenue 2012
Chart 13: Weifu High-Tech Segment Revenue 2012
Chart 14: Anhui Zhongding Segment Revenue 2012
- Changchun FAWAY Automobile Components Co. Ltd.
- Fuyao Glass Industry Group Co. Ltd.
- Huayu Automotive Systems Co. Ltd.
- Weifu High-Technology Group Co. Ltd.