After the parts market will be blown out in 3 years
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The auto market in 2009 has surprised many auto and auto parts companies. In the first 9 months, China's total auto production and sales volume reached 9,961,700 units and 9,662,700 units respectively, an increase of 32.01% and 34.24% year-on-year, exceeding the total sales of last year. Volume, growth rate is close to 2002-2003. It is expected to exceed the annual production and sales volume of 13 million vehicles, which is a predictor of the blowout phenomenon that will occur in the aftermarket. “We are making full preparations for the blowout phenomenon in the aftermarket of parts and components in 2-3 years.†said Ms. Guo, the sales manager of the Italian Breible Brake Systems Co., Ltd. in the aftermarket.
It is not an exaggeration to describe the production and sales of the Chinese automobile market in 2009 with the word “surprisinglyâ€. It is said that such growth rate abroad is also rare. The turnover of China's passenger vehicle aftermarket has completed approximately 47 billion yuan in 2006 and approximately 60 billion yuan in 2007. It is predicted that by 2012, the market size will reach approximately 153 billion yuan, with an annual growth rate of 20%. If we calculate the compound growth rate of 9% according to the model in the next five years, it will probably reach 238 billion yuan in 2017. China’s auto parts industry has also gained more vitality due to the many policies in the crisis. With the strong growth of the automotive industry, the automotive aftermarket has a huge space for development.
In the short term, the share of the after-sales market in the parts and components industry is expected to increase from 14% in 2008 to 19% in 2013. Affected by the financial crisis, in the coming years, the growth rate of related export markets will decline, and the aftermarket will continue to grow. The growth rate is expected to exceed the export market in 2013. Leading auto parts companies are optimistic about the aftermarket.
Schaeffler, Delphi, Bosch, Federal-Mogul, Metz Engines, Gates-Unyita Transmission System, and Continental Auto Parts have made their debut in recent years for the 66th Zhengzhou National Automobile Matchmaking Conference, which is mainly for the aftermarket. Special booths and joint exhibitions have become the first choice of these multinational parts companies. At the VDO booth of Continental Group, the HC Network reporter interviewed Mr. Chen Weichun, its marketing director. He said: “VDO and ATE are two mainland brands that face the after-sales market, with special appearances to show the main face of the aftermarket market for the Continental Group. This is definitely the first time,†said Wen Wei, Sales Director of the Schaeffler Automotive Aftermarket Division. “The joint participation of multinational companies is a good way to promote our overall image. On the one hand, we can make dealers in the aftermarket more effective. Learn more about Schaeffler's brand, on the other hand, Schaeffler can also achieve the goal of minimizing costs and maximizing results."
The lady responsible for Breible's aftermarket in China has repeatedly stressed that “in the next 3-5 years, the Chinese auto market will become the global star market, and the aftermarket market for spare parts has considerable potential.†It is precisely because we see that there will be In the huge market, Breibo has recently begun to vigorously develop the Chinese aftermarket. It is reported that Brembo has established distribution channels in North China, East China and South China, and is preparing for the upcoming market blowout to do preliminary market development.
It seems that the continued madness of the auto market sales not only brings about new growth in the auto accessory market, but also radiates the aftermarket market capacity in the next 3-5 years. China's auto parts industry has become a very important part of economic growth. The improvement of national policies, the improvement and establishment of parts and components industry clusters and auto parts distribution channels, and the emphasis placed on the domestic aftermarket in parts and components will all promote China. The development of auto parts industry.