中国汽车零部件市场研究报告

Investment Rating - The report does not explicitly state an investment rating for the automotive parts industry Core Insights - The automotive parts industry is a crucial component of the automotive manufacturing sector, providing essential components beyond the vehicle chassis, and is fundamental to the development of the automotive industry [5] - The market for automotive parts in China is expected to grow significantly, driven by the increasing demand for electric vehicles and advancements in smart driving technologies [16][27] - The industry is characterized by high technical requirements and complexity, with significant barriers to entry due to the need for precision manufacturing and advanced materials [17][18] Summary by Sections 1. Market Analysis - The automotive parts market in China is categorized into fuel power system parts, general automotive parts, and new energy power system parts [5] - The market size for passenger vehicle parts is projected to increase from 2,894.68 billion CNY in 2020 to 4,037.82 billion CNY by 2024, with a compound annual growth rate (CAGR) of 8.7% [16] 2. Historical Development - The automotive parts industry has evolved through several phases, including initial dependency on state-owned manufacturers, the rise of joint ventures, and the emergence of domestic brands leading to technological advancements [7] - The current phase emphasizes the rapid growth of new energy vehicles and smart technologies, reshaping the industry landscape [7] 3. Regulatory Framework - The industry is regulated by several government bodies, including the National Development and Reform Commission and the Ministry of Industry and Information Technology, which oversee planning, policy formulation, and industry standards [10][12] 4. Technological Characteristics - The industry requires high precision and complex manufacturing processes, with significant emphasis on advanced materials and manufacturing techniques [17][18] - Key technological barriers include the need for extensive R&D investment and compliance with stringent safety and performance standards [32] 5. Market Drivers - Major drivers include supportive national policies, strong downstream demand, and the push for energy efficiency and lightweight materials [26] - The increasing consumer preference for intelligent and personalized vehicles is also driving the demand for advanced automotive parts [26] 6. Future Trends - The rise of domestic brands and their increasing market share is expected to continue, alongside a trend towards globalization in sourcing automotive parts [29] - The growth of the new energy vehicle market is anticipated to be a significant focus for the automotive parts industry, supported by government policies and consumer awareness [29]