With the development of Chinese automobile entire vehicle manufacturing industry, the automobile spare part industry is gradually becoming one of the key domains which the Chinese and foreign enterprises invests. Numerous enterprises are seeking the development space in the market. At the same time, all the world well-known automobile transnational groups invest and put up factories in China, this stream brings the opportunities to Chinese enterprises. In the world, the ordinary ratio of entire vehicle output value and spare part output value is about 1 to 1.7, but in the Chinese market the spare part output value is inferior to the entire vehicle output value (for example, this ratio in Guangzhou in 2002 is only 1 to 0.31). The Chinese spare part market has large development space.
The Chinese automobile spare part production has formed certain scale, but also has some distance in the product research and high-tech development ability to the international advanced enterprise. In the production process, the domestic cost of management, R & D, transportation and so on is higher than overseas. The Chinese spare parts enterprise's development is still ragged. The industrial chain in multitudinous medium and small spare part manufacturers is extremely frail. And these enterprises are hard to exist in the market.
Majority automobile manufacturers requires more and more strictly to the spare part. Thinking in terms of the purchase scale, times, transportation cost and reaction rate and so on, these enterprises extremely hope that spare part manufacturers can realize production localization, in order to reduce the transportation radius and purchase cost and achieve JIT (just-in-time) mode. It is a question how to achieve "the global automobile spare part supplier". China's enterprises have very long road. IMC Company devotes to offer our clients objective and accurate advisory service, and submit you authoritative report.
Current Situation
With the development of China¨s automobile industry, the spare part industry is growing up. Chinese automobile spare part enterprises have entered into global market earlier than the entire vehicle enterprises and held a quite important status in the entire mechanical and electrical product exportation.
Chinese automobile spare part enterprises usually produce low-tech, less-additive value, labor-intensive or material-intensive products. It decided that our automobile spare part industry has some characteristics like less entry barrier, few need of investment and land, relatively simple equipment, low quality request of their staffs, etc. Therefore, compared to the international market, Chinese automobile spare part industry appears quite dispersive.
Relative Factors
After China joined WTO, Chinese automobile spare parts suppliers would face following challenges:
The entire automobile manufacturers prefer the suppliers with strong R & D ability.
Faced with increasingly intense market competition, many enterprises find that R & D ability is becoming more and more important. When the entire automobile manufacturers choose their suppliers, they regard the R & D strength as the core factor.
Forecasting
With the increase of vehicle quantity, Chinese spare part market will keep growth:
Forecast the development of china¨s automobile spare part market.
The Chinese spare part supplier situation after conformity in 2010
The foreign capital spare part suppliers are possible to lead the first class and partial the second class products, and gradually to enter the post-sale service market and export market. While domestic capital spare part suppliers lead the third class and partial the second class products. And they have covered the vehicle equipment, the post-sale service and the exportation post-sale market. Some authoritative organizations expect that, to 2010 year, the number of Chinese spare part suppliers will be reduced by 70% through the large-scale conformity. And finally, the market structure will be formed by 20-30 first class suppliers, 250-350 second class suppliers, and about 1250-1500 third class suppliers.
Globalization
The prospect of world spare part market had determined the competition strategies for Chinese suppliers to participate in the global competition:
developing opportunities and targets of Chinese Fittings Suppliers
Quality System
In order to achieve the quality requirement of the factory, the suppliers must fulfill the standard of the entire automobile manufacturers and enhance their quality control system.
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