At 13:30 on October 17, 2024, the 2024 HC ·Automotive Aftermarket Industry (Nanjing) Summit, hosted by HC Auto and co-sponsored by the Organizing Committee ·of the National Auto Parts Association, was successfully held in the exhibition area of Hall 8 of Nanjing International Expo Center!
The summit brings together leading enterprises, business association leaders, industry experts, scholars and opinion leaders in the automotive aftermarket, shares their deep understanding and forward-looking vision of the industry, discusses the latest trends, product innovations, market dynamics, brand changes and other changes in the automotive aftermarket, enhances the communication between industry colleagues, connects with key resources in the business circle, enhances the corporate brand and industry image, and promotes the efficient development of the industry, playing an important role as a platform!
Shi Chunlei, regional director of Anhui Phoenix Filter Co., Ltd
Shi Chunlei, regional director of Anhui Phoenix Filter Co., Ltd., shared "Analysis of the Development Trend of Domestic Auto Parts Industry":
Hello everyone, I am Shi Chunlei, and I am very honored to be invited by HC Auto to share my views on the development trend of domestic auto parts.
Auto parts is an important supporting product for vehicle supply, with the rapid development of the automobile market, the parts industry is also becoming increasingly important, however, the domestic parts industry started relatively late, compared with Europe, North America, Japan and other markets, there is still a certain gap in technology and capital scale, these leading enterprises such as Germany's doctor, Japan's Denso, etc., leading the development direction of global auto parts.
China's auto parts industry began in the 50s of the 20th century, with the promotion of policies and the improvement of consumption levels, the industry has gradually developed. Cheap labor has attracted global automakers to the Chinese market, driving the technical learning and professional development of domestic brands. After years of accumulation, China's auto parts enterprises have continuously improved their processes and reduced costs, forming a number of powerful enterprises and entering the global procurement system.
At present, China has formed six major auto parts industry clusters, including Shanghai, Zhejiang, Jiangsu, Sichuan and Chongqing in the Yangtze River Delta, southwest clusters in Sichuan and Chongqing, industrial clusters in the three eastern provinces, central clusters in Hubei, Hunan and Anhui, and Bohai Rim clusters in Beijing, Tianjin and Hebei.
Regarding the development trend of the auto parts industry, I think there are the following points:
The potential scale of the parts industry is huge, and the ratio of mature foreign markets is 1:1.7, while China has not yet reached this ratio, so there is a large market space. With the enhancement of the innovation ability of the domestic parts manufacturing industry and the ability to develop overseas markets, the brand influence has gradually improved. The mature parts industry has the characteristics of industrial concentration, and the future industry restructuring and mergers and acquisitions will be accelerated to enhance the competitiveness of the entire automotive industry.
Due to the large Chinese population, the scale of enterprises is relatively small and weak, but as the demographic dividend gradually disappears, it will promote the development of enterprises in the direction of technology development, scale and systematic support, so as to gain an advantage in the fierce market competition.
The 2008 financial crisis provided development opportunities for the auto parts industry. Some foreign factories went bankrupt and closed down, while the domestic demand for automobiles increased, which accelerated the market layout.
Trends in filter development
The demand in the filter industry is greater than the supply, and the production capacity cannot keep up with the growth in demand. Due to the boom in the global market, the sales volume of foreign brands increased by about 40%, but the supply cycle was extended due to the impact of production capacity.
Status quo of China's filter industry:
1. The automotive industry is developing rapidly, and the filter industry is also developing rapidly.
2. It is expected that the total market demand will increase to 1.18 billion sets in 2024, and the technical level will continue to improve.
Market Competition:
It is understood that there are more than 1,000 filter manufacturers in China, more than 30 large and medium-sized enterprises, and no super-large enterprises have been formed.
The aftermarket competition is particularly fierce, because the filter is a wearing part, which needs to be replaced regularly, and there are many manufacturers in the industry, and the scale is generally small, most companies can not meet the supporting requirements, and can only compete for the aftermarket. The brand concentration is low, and according to statistics, the market share of the top 5 companies is only 15%.
Filters with the latest emission standards have been developed and mass-produced, and the market has attracted the attention of many companies, and the competition is becoming increasingly fierce, especially in the aftermarket.
Company Advantages:
Rich cooperation experience: cooperate with OEMs and international first-line brands, and have a perfect quality management system.
Professional R&D team: provide technical support and participate in the formulation of 9 automotive filter industry standards.
Complete product range: covering passenger cars, commercial vehicles, construction machinery and other fields.
Strong production capacity: guaranteed on-time delivery.
Complete industrial chain: independently complete filter material research and development, mold development, product manufacturing, and provide high-quality, cost-effective products.
There are 160 patents, including 72 invention patents, 51 utility model patents and 37 design patents.
Anhui Phoenix Filter Co., Ltd. since 1981, focusing on filter research and development and production for 40 years, is the first domestic filter listed enterprises, and international first-line brands and OEMs in cooperation, improve the quality management system and quality, with a professional design team and a complete industrial chain, from mold research and development to product sales integration, Phoenix adhere to the principle of becoming an industry leader, with a number of patents and advanced testing equipment, to provide high-quality products for a number of cooperative enterprises.