Future development trends of the auto parts industry

1) Overall resource allocation and parts procurement

With the increasing maturity of the global resource allocation model of the automobile industry and the intensification of competition in the automobile industry, international automobile companies have gradually focused their activities on research and development and launched new models to reduce costs and performance, improve international competitiveness by reducing the rate of self-production of auto parts and distributing resources globally, building factories in emerging automobile markets such as China, India and Mexico, and purchasing automobile parts that have competitive advantages in the local market. Global purchasing has become a major development trend in the automobile industry.

With this trend, local parts manufacturers have gradually entered the parts support system of international automobile manufacturers due to their cost advantages and service responsiveness, and major international parts giants have gradually expanded their production and R&D bases to all major automobile markets in the world. With the technological advancement and wealth of experience of auto parts manufacturers in emerging markets, the global supply trend of auto manufacturers will continue to strengthen.

2) Production and supply tend to be modularized

In recent years, major auto manufacturers around the world have reformed their procurement and supply models, moving from distributed procurement from multiple auto parts suppliers to modular procurement from a small number of suppliers. In this model, parts manufacturers integrate parts from the same functional system or region into a modular assembly by using new designs and processes for standardized design and production, and supply parts to auto manufacturers with modules as units so that they can be more easily assembled according to specifications. Positioning different models, which contributes to shortening the automobile production cycle, improving parts homogeneity and vehicle assembly efficiency, reducing weight and reducing fuel consumption.

Faced with the changes in the purchasing side of automobile manufacturers, parts suppliers need to continuously improve their own technological innovation capabilities, develop advanced product design and development capabilities, undertake part of the product development work and assembly of parts originally produced by automobile manufacturers, and participate more deeply and early in the development process of automobile manufacturers’ new vehicles. Through modular purchasing, parts manufacturers no longer depend on a single automobile manufacturer, and the cooperation with automobile manufacturers is closer and more stable. Auto parts companies are moving toward an independent and large-scale development path.

3) New energy, lightweight materials and intelligence provide new opportunities for the development of the industry

Driven by the shift to a low-carbon economy, the new energy vehicle industry is booming, and the demand for core parts is also ushering in a period of rapid development. The rapid growth of the new energy vehicle industry will greatly promote the development of the auto parts industry, and the market growth space is large. With the rapid development of new energy vehicles and the demand for greater autonomy, the weight reduction of automobiles has also become one of the main development directions of the automobile industry.

The use of lightweight aluminum alloy materials or high-strength steel materials has become the development direction of the production processes of various auto parts suppliers. At present, the trend of using lightweight components has been seen. Lightweight products such as aluminum auto parts have a large market space and a good market development trend. Related industries will benefit greatly from the lightweight trend of automobiles. In addition to answer