Auto Parts Market: China's distinctive mark
- Categories:Industry news
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- Time of issue:2021-08-30
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(Summary description)When explaining the white paper, Fang yinliang, global partner of Roland Berger, pointed out that the revenue of the world's top 100 parts enterprises maintained a 5% growth rate, among which Chinese enterprises increased significantly with diversified competitive advantages, but the number of Chinese enterprises that could rank among the top 50 in the world was still limited. Specifically, the overall revenue scale of the world's top 100 enterprises has maintained the same growth rate as that of China's top 100 enterprises. Relying on the advantages of traditional segmentation fields (such as commercial vehicle market), binding large vehicle manufacturers, frontier field development (such as new energy) and integrated global development, China's top 100 enterprises in the world have higher revenue growth than foreign-funded enterprises.
In the 2020 top 100 list, the top five enterprises are Germany Bosch, mainland Germany, Japan Denso, Canada magna and Germany ZF. German, Japanese and American spare parts enterprises rank top and are the mainstream enterprises in the international top 100 list. However, 11 Chinese auto parts enterprises are still selected, including Weichai group, Huayu automobile, Hainachuan, Junsheng electronics, Ningde times, AVIC motor, GAC parts, Yuchai group, Zhongce Rubber, CITIC daika and fast group. Among them, the total revenue of Weichai group's parts business ranked 8th on the international top 100 list with 216.467 billion. These Chinese enterprises represent the advanced strength of China's auto parts industry and reflect the strength of China's independent parts enterprises.
Compared with the list in 2019, the 2020 top 100 list has added two indicators of profit and R & D investment in the data collection stage of Chinese enterprises. The following conclusions can be drawn from the data behind the list:
1. The large-scale capacity of Chinese enterprises is increasing. The number of Chinese enterprises shortlisted in this year's global top 100 list has increased from 8 last year to 11, and the ranking has been improved.
2. The overall R & D investment of enterprises has increased significantly, with a year-on-year increase of 33.85%, but the average R & D investment in the industry is only 5%.
3. The profitability of enterprises needs to be strengthened urgently. The overall revenue increased by 10.96% year-on-year in 18 years. The revenue of 53 enterprises increased, but the profit growth was only 30. The average net profit rate of the industry is 4.53%, which is still far from the average level of 6.7% of international parts companies.
4. The scale advantage of state-owned enterprises is obvious, and 8 of the top 10 enterprises in China's top 100 list have state-owned assets.
5. The capital market promotes industrial development and private enterprises have great potential. There are 77 listed companies and 66 private enterprises on the list.
6. From the perspective of regional distribution, the economically developed regions in the southeast and the regions with developed automobile industry have obvious advantages. The number of listed enterprises in Shandong, Jiangsu, Zhejiang, Guangdong and Shanghai has reached 55%.
7. Enterprises have strengthened the investment in new energy, intelligent driving and core powertrain technology. The R & D investment of such enterprises has exceeded 8% of their revenue, and the R & D investment of NavInfo last year reached 51%.
In recent years, the profitability of the auto parts industry has significantly improved. Chinese enterprises focus on improving their independent R & D capabilities and constantly break the monopoly position of foreign-funded enterprises in the field of key auto parts. In the international auto parts market, China's mark has been particularly clear, and the integration of domestic and foreign resources has become the development trend of the global auto industry.
Auto Parts Market: China's distinctive mark
(Summary description)When explaining the white paper, Fang yinliang, global partner of Roland Berger, pointed out that the revenue of the world's top 100 parts enterprises maintained a 5% growth rate, among which Chinese enterprises increased significantly with diversified competitive advantages, but the number of Chinese enterprises that could rank among the top 50 in the world was still limited. Specifically, the overall revenue scale of the world's top 100 enterprises has maintained the same growth rate as that of China's top 100 enterprises. Relying on the advantages of traditional segmentation fields (such as commercial vehicle market), binding large vehicle manufacturers, frontier field development (such as new energy) and integrated global development, China's top 100 enterprises in the world have higher revenue growth than foreign-funded enterprises.
In the 2020 top 100 list, the top five enterprises are Germany Bosch, mainland Germany, Japan Denso, Canada magna and Germany ZF. German, Japanese and American spare parts enterprises rank top and are the mainstream enterprises in the international top 100 list. However, 11 Chinese auto parts enterprises are still selected, including Weichai group, Huayu automobile, Hainachuan, Junsheng electronics, Ningde times, AVIC motor, GAC parts, Yuchai group, Zhongce Rubber, CITIC daika and fast group. Among them, the total revenue of Weichai group's parts business ranked 8th on the international top 100 list with 216.467 billion. These Chinese enterprises represent the advanced strength of China's auto parts industry and reflect the strength of China's independent parts enterprises.
Compared with the list in 2019, the 2020 top 100 list has added two indicators of profit and R & D investment in the data collection stage of Chinese enterprises. The following conclusions can be drawn from the data behind the list:
1. The large-scale capacity of Chinese enterprises is increasing. The number of Chinese enterprises shortlisted in this year's global top 100 list has increased from 8 last year to 11, and the ranking has been improved.
2. The overall R & D investment of enterprises has increased significantly, with a year-on-year increase of 33.85%, but the average R & D investment in the industry is only 5%.
3. The profitability of enterprises needs to be strengthened urgently. The overall revenue increased by 10.96% year-on-year in 18 years. The revenue of 53 enterprises increased, but the profit growth was only 30. The average net profit rate of the industry is 4.53%, which is still far from the average level of 6.7% of international parts companies.
4. The scale advantage of state-owned enterprises is obvious, and 8 of the top 10 enterprises in China's top 100 list have state-owned assets.
5. The capital market promotes industrial development and private enterprises have great potential. There are 77 listed companies and 66 private enterprises on the list.
6. From the perspective of regional distribution, the economically developed regions in the southeast and the regions with developed automobile industry have obvious advantages. The number of listed enterprises in Shandong, Jiangsu, Zhejiang, Guangdong and Shanghai has reached 55%.
7. Enterprises have strengthened the investment in new energy, intelligent driving and core powertrain technology. The R & D investment of such enterprises has exceeded 8% of their revenue, and the R & D investment of NavInfo last year reached 51%.
In recent years, the profitability of the auto parts industry has significantly improved. Chinese enterprises focus on improving their independent R & D capabilities and constantly break the monopoly position of foreign-funded enterprises in the field of key auto parts. In the international auto parts market, China's mark has been particularly clear, and the integration of domestic and foreign resources has become the development trend of the global auto industry.
- Categories:Industry news
- Author:
- Origin:
- Time of issue:2021-08-30
- Views:0
When explaining the white paper, Fang yinliang, global partner of Roland Berger, pointed out that the revenue of the world's top 100 parts enterprises maintained a 5% growth rate, among which Chinese enterprises increased significantly with diversified competitive advantages, but the number of Chinese enterprises that could rank among the top 50 in the world was still limited. Specifically, the overall revenue scale of the world's top 100 enterprises has maintained the same growth rate as that of China's top 100 enterprises. Relying on the advantages of traditional segmentation fields (such as commercial vehicle market), binding large vehicle manufacturers, frontier field development (such as new energy) and integrated global development, China's top 100 enterprises in the world have higher revenue growth than foreign-funded enterprises.
In the 2020 top 100 list, the top five enterprises are Germany Bosch, mainland Germany, Japan Denso, Canada magna and Germany ZF. German, Japanese and American spare parts enterprises rank top and are the mainstream enterprises in the international top 100 list. However, 11 Chinese auto parts enterprises are still selected, including Weichai group, Huayu automobile, Hainachuan, Junsheng electronics, Ningde times, AVIC motor, GAC parts, Yuchai group, Zhongce Rubber, CITIC daika and fast group. Among them, the total revenue of Weichai group's parts business ranked 8th on the international top 100 list with 216.467 billion. These Chinese enterprises represent the advanced strength of China's auto parts industry and reflect the strength of China's independent parts enterprises.
Compared with the list in 2019, the 2020 top 100 list has added two indicators of profit and R & D investment in the data collection stage of Chinese enterprises. The following conclusions can be drawn from the data behind the list:
1. The large-scale capacity of Chinese enterprises is increasing. The number of Chinese enterprises shortlisted in this year's global top 100 list has increased from 8 last year to 11, and the ranking has been improved.
2. The overall R & D investment of enterprises has increased significantly, with a year-on-year increase of 33.85%, but the average R & D investment in the industry is only 5%.
3. The profitability of enterprises needs to be strengthened urgently. The overall revenue increased by 10.96% year-on-year in 18 years. The revenue of 53 enterprises increased, but the profit growth was only 30. The average net profit rate of the industry is 4.53%, which is still far from the average level of 6.7% of international parts companies.
4. The scale advantage of state-owned enterprises is obvious, and 8 of the top 10 enterprises in China's top 100 list have state-owned assets.
5. The capital market promotes industrial development and private enterprises have great potential. There are 77 listed companies and 66 private enterprises on the list.
6. From the perspective of regional distribution, the economically developed regions in the southeast and the regions with developed automobile industry have obvious advantages. The number of listed enterprises in Shandong, Jiangsu, Zhejiang, Guangdong and Shanghai has reached 55%.
7. Enterprises have strengthened the investment in new energy, intelligent driving and core powertrain technology. The R & D investment of such enterprises has exceeded 8% of their revenue, and the R & D investment of NavInfo last year reached 51%.
In recent years, the profitability of the auto parts industry has significantly improved. Chinese enterprises focus on improving their independent R & D capabilities and constantly break the monopoly position of foreign-funded enterprises in the field of key auto parts. In the international auto parts market, China's mark has been particularly clear, and the integration of domestic and foreign resources has become the development trend of the global auto industry.
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