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2024

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China auto parts industry market status and development trend analysis


China's auto parts industry into a high-quality development stage of industrial transformation is imminent

China's auto parts industry into a high-quality development stage of industrial transformation is imminent
Auto parts industry as the foundation of the development of the automobile industry, to help China's independent automobile industry bigger, stronger and better solid support. 60 years, China's auto parts industry continues to grow, along with the reform and opening up to promote joint ventures and cooperation, as well as domestic production and sales of explosive growth in the market dividends brought about by the leaps and bounds of development. The industry has entered the stage of high-quality development, parts and components industry transformation is imminent.
1, China's auto sales slowdown
After nearly two decades of development, China's automobile industry has shifted from the stage of high-speed growth to the stage of high-quality development, China's automobile sales growth rate in 2010 showed a precipitous decline, followed by several years of sales growth also failed to rebound. 2018, by the macro-environment of the overall cold, the global automobile industry have received varying degrees of impact, China's automobile sales growth rate showed negative growth. As of August 2019, China's auto sales amounted to 16.104 million units, down 6.94% from the previous year.

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