(1) The market status of China's auto parts industry: the upstream of the auto parts manufacturing industry mainly includes the provision of raw material markets, including metals, electronic materials, plastics, rubber, wood, glass, ceramics, leather, etc. There are many types of midstream auto parts, which include four parts: parts, components, components, and system assemblies. The downstream includes automobile manufacturers, automobile 4S shops, automobile repair shops, auto parts suppliers and automobile tuning plants.
Under the mature automotive industry chain system, vehicle companies focus on model development and design, vehicle assembly and brand management, while parts companies are responsible for the modularization and systematic development, design and manufacturing of parts. Auto parts suppliers are usually divided into first-class, second-class and first-class suppliers. According to the statistics of the China Association of China, in 2022, China's total automobile production and total sales will be 2,702100,000 units, 2,68640,000 units. On the one hand, it shows that China's automobile market space is huge, and on the other hand, it also shows that people's quality of life is improving day by day, and the demand for automobiles is also increasing.
The China Association said that in 2023, China will continue to adhere to the general tone of seeking progress while maintaining stability, vigorously boost market confidence, implement the strategy of expanding domestic demand, actively promote the overall improvement of economic operation, and achieve effective qualitative improvement and reasonable quantitative growth. With the implementation of supporting policies and measures related to the automobile industry, it will further stimulate the vitality of market players and consumption, and we are full of confidence in the economic improvement throughout the year. In addition, the shortage of chips and other problems in the new year is expected to be greatly alleviated, and it is expected that the automobile market will continue to show a steady and positive development trend in 2023, showing a growth of about 3%.
Analysis of the current situation of China's automobile production from 2013 to 2022.
Data collation: CICC Enterprise Credit International Consulting.
Analysis of the current situation of China's automobile sales from 2013 to 2022.
Data collation: CICC Enterprise Credit International Consulting.
As the upstream industry of the automobile industry, auto parts are the foundation for the development of the world, so they also have a broad market demand. According to the statistics of CICC, the operating income of auto parts in 2022 reached 3,819.5 billion yuan, accounting for 46.6 percent of the revenue of the automobile manufacturing industry81%。It can be seen that with the strong support of the policy level, the lower end of consumer confidence has gradually rebounded, and China's auto parts industry still has a good potential market and has a lot of room for development.
Analysis of the operating income of China's auto parts industry from 2018 to 2022.
Data collation: CICC Enterprise Credit International Consulting.
2) The market status of China's automobile injection mold industry: automobile mold refers to the special tool used for the production of auto parts, mainly used for the molding, die-casting, injection molding and other production processes of auto parts. Compared with traditional machining, molds make the production of auto parts more efficient, help enterprises achieve large-volume, standardized production, and are key tools for automobile manufacturing. Automotive molds mainly include die-casting molds, injection molds and stamping molds. Die casting molds are mainly used to inject molten metal into the mold cavity through high pressure, where it is cooled and solidified to form the desired parts.
Die casting molds are usually composed of upper and lower parts, including mold housing, pouring system and cooling system. Through high-precision machining, die-casting molds can produce high-quality, complex-shaped aluminum alloy or zinc alloy parts, such as engine blocks, steering gear housings, etc. Injection molds are another common type of automotive mold. It is mainly used in injection molding machines to inject molten plastic material into molds, where it is cooled and cured to form the desired parts. The injection mold is usually composed of two parts: the mold core and the mold cavity, and the injection of plastic materials and the release of parts are realized through the opening and closing movement of the mold. Injection molds are widely used in the manufacture of automotive thermal systems, interior and exterior decorations, instrument panels, door panels and other parts. Stamping dies are an important type of molds used in the manufacture of automotive sheet metal parts. It works by placing a sheet metal in a mold and impacting, shearing, or bending it by the force of a press to form a part of the desired shape. The stamping die usually includes a punch, a die base, an upper die, a lower die, a guide post and other components. Stamping dies can produce sheet metal parts such as body structural parts, doors, roofs, and hoods, with the characteristics of high efficiency, high precision and high consistency. Their common goal is to produce high-quality, complex-shaped automotive parts that support the performance and appearance of automobiles through high-precision machining and optimized design. Among them, automotive injection molds and automotive stamping molds are the most used types of molds. All in all, automotive molds are a key tool to realize the mass production and complexity of auto parts, and play an important role in promoting the automobile manufacturing industry. With the further development of the world, the scale of the automotive mold industry has also been expanding.
Injection molds account for 45% of the mold market size and are one of the main types of molds. According to different molding materials, molds can be divided into metal forming molds, plastic molding molds and other forming molds; According to the different molding methods, the mold can be divided into injection mold, stamping mold, die-casting mold and forging die; According to the different processing accuracy, the mold can be divided into ordinary precision mold and precision mold. According to the caliber of China Mold Association, molds can be roughly divided into stamping molds, injection molds, casting molds, forging molds, rubber molds, etc.
As one of the important tools for the production of parts in the automotive industry, injection molds have the advantages of high precision, high efficiency, strong flexibility, low cost and stable quality. The development of injection molds in China can be traced back to the 80s of the last century. At that time, China's injection mold technology level was relatively low, and it relied on imported molds. With the rapid development of China's economy and the increase in demand for injection molded products, the domestic demand for injection molds has gradually increased, giving birth to the rise of the injection mold industry. Driven by the reform and opening up, China's injection mold industry began to usher in breakthrough development. In the early 90s of last century, domestic injection mold enterprises began to rise, and some enterprises with independent design and manufacturing capabilities emerged one after another. Through the introduction of advanced technology and equipment, these enterprises have strengthened cooperation and exchanges with foreign enterprises, continuously learned and absorbed international advanced experience, and improved their own technical level and manufacturing capabilities. With the continuous expansion of the domestic market, China's injection mold industry has gradually formed an industrial agglomeration area dominated by Guangdong, Zhejiang, Jiangsu and other places. Enterprises in these regions have made significant progress in technology research and development, mold design, processing capacity, etc.
Some leading companies have begun to develop high-precision, high-speed, and high-automation injection molds, and occupy a certain market share in the fields of automobiles, electronics, and home appliances. In recent years, with the transformation and upgrading of China's manufacturing industry and the promotion of technological innovation, the development of the injection mold industry has entered a new stage. Enterprises began to increase R&D investment, introduce advanced mold design software and equipment, and promote mold intelligence and automation. At the same time, with the rise of new energy vehicles, injection molds will have greater application space in the fields of electric vehicles and hybrid vehicles. Thanks to the increasing market demand, as well as the improvement of support policies and environmental protection requirements in the field of new energy vehicles, the technical level of the company's automotive injection molds has been continuously improved, the production efficiency and quality have been significantly improved, and the production capacity and output of China's automotive injection molding industry have also increased.
3) The status quo of the automotive thermal system industry: Spirning mainly provides customized injection molds for downstream automotive thermal system manufacturer customers, and uses injection molds to produce corresponding thermal system plastic parts. The plastic parts provided by Spiring mainly include automotive thermal system parts such as air conditioning housings, water chambers, air chambers, and fans.
The thermal system of traditional fuel vehicles mainly includes the engine, transmission cooling system and air conditioning system. The thermal system of new energy vehicles includes battery systems, motor electronic control, air conditioning systems, etc., covering most of the components of new energy vehicles, using more parts, more complex systems, and higher costs. Thanks to the vigorous development of the new energy vehicle industry, the company's revenue from plastic parts applied in the field of new energy vehicles has increased year by year.
Analysis of the difference between the thermal management system of new energy vehicles and traditional fuel vehicles.
The thermal management system of new energy vehicles is more complex than that of traditional fuel vehicles. The main functions of the battery thermal management system for new energy vehicles include effective heat dissipation when the battery temperature is high to prevent thermal runaway accidents; Preheat the battery when the temperature is low to increase the battery temperature and ensure the charging and discharging performance and safety at low temperatures; Reduce the temperature difference in the battery pack, inhibit the formation of local hot spots, prevent the battery from decaying too quickly at high temperatures, and reduce the overall life of the battery pack.
Driven by the national financial subsidy policy and the double credit policy, China's new energy vehicle industry has developed rapidly, the industrial chain has been accelerated, the product matrix has been gradually enriched, the network layout of charging and swapping infrastructure has been continuously improved, and consumers' acceptance of new energy vehicles has been greatly improved. At present, the production and sales of new energy vehicles in China have ranked first in the world for many years; In 2021, China's new energy vehicle industry will achieve a double flight of "quality" and "quantity", with an annual output of 35450,000 units, sales volume 35210,000 units, an increase of 1% year-on-year6 times, with a market penetration of 134%；In 2022, under the problem of "lack of core and expensive electricity", the automotive chain has been repeatedly impacted, and China's new energy vehicle industry has shown super resilience, with production and sales maintaining a rapid growth trend, with an output of 70580,000 units, sales volume 68870,000 units, up 96 y/y9% and 934%, with a penetration rate of 256%, an increase of 122 percentage points. The rise of new energy vehicles has not only subverted the entire automotive industry pattern, but also brought new development opportunities for upstream components.
According to the report, the parts required for the thermal management system of new energy vehicles are different from those of traditional fuel vehicles, in addition to higher requirements for the performance of parts, new cooling plates, battery coolers, electronic water pumps, electronic expansion valves, etc. Therefore, the value of thermal management of new energy vehicles is higher than that of traditional fuel vehicles, which is 2-3 times higher. New energy vehicle thermal management parts manufacturers include Bosch, Denso, Sanden, Yinlun, Aotejia, Sanhua Intelligent, etc.; With the vigorous development of the new energy vehicle industry, the demand for thermal management of new energy vehicles is also expanding, and the development prospects of the industry are huge, and more and more companies have begun to join the field of automotive thermal management; The downstream is the major new energy vehicle manufacturers. Thermal management system is an essential component of new energy vehicles. In recent years, under the "dual carbon" goal, China has continuously accelerated the transformation of vehicle electrification, and the production and sales of new energy vehicles have continued to expand, driving the demand for thermal management systems to grow. According to the statistics of CICC Enterprise Credit, with the contribution of new parts such as cooling plates and battery coolers, the value of the thermal management system of new energy vehicles has reached 6,000-7,500 yuan. In 2022, the market size of China's new energy vehicle thermal management system will be about 50.4 billion yuan, a year-on-year increase of 94%. In the future, the further expansion of the production and sales of new energy vehicles will drive the demand for thermal management systems to continue to grow, and the market size is expected to be close to 100 billion yuan by 2025, and the development potential of the new energy vehicle thermal management market is huge.
The application of plastic parts in the thermal management system can not only improve the efficiency and performance of the thermal management system, but also reduce the weight and cost of the system. Therefore, plastic parts play an important role in the thermal management system industry, and its upstream industries are mainly the engineering plastics industry and the steel raw material industry used to manufacture injection molds. Compared with general-purpose plastics, engineering plastics can meet higher requirements in terms of mechanical properties, heat resistance, durability, corrosion resistance, etc., and are more convenient to process and can replace metal materials, and the demand in the automobile manufacturing industry has continued to grow in recent years. The common types are PP (polypropylene), PA (polyamide), ABS (acrylonitrile-butadiene-styrene copolymer) and other types, these engineering plastics play an important role in all walks of life and meet the requirements of material properties in different fields. Secondly, steel is the main material for making molds, and different kinds of steel have different hardness and wear resistance, which are used to produce different kinds of injection molds.
The midstream is mainly a component manufacturer, responsible for manufacturing and leading the plastic parts required in various thermal management systems. Usually, enterprises in this link not only undertake injection molding processing processes, but also provide downstream customers with mold design, manufacturing and mold trial processing services, and provide customers with customized products. The design quality of the mold directly affects the efficiency of the injection molding process and the quality of the product. Mold manufacturing is the process of processing and assembly according to the design drawings, and its precision and quality have a decisive impact on the service life of the mold and the quality of the product. Mold trial processing is to check the rationality and feasibility of mold design and manufacturing through mold trial after the mold manufacturing is completed. The midstream is a high value-added link in the automotive plastic parts industry, which requires rich technology and professional knowledge. At present, the top manufacturers in the market share of automotive air conditioners mainly include Denso, Sanden, Halla, Ortega and Valeo, etc., with a market share of % and 9% respectively. These five automotive air conditioning companies occupy 85% of the market share.
4) Industry development trends:
Under the trend of automobile lightweight, the rapid development of the plastic parts industry: automobile lightweight refers to the ability to minimize the weight of the vehicle through advanced design methods, appearance and structural improvements, parts replacement or the use of new materials without affecting the strength and safety performance of the vehicle, so as to minimize fuel consumption and reduce emission pollution, which is one of the effective means of energy conservation and emission reduction. According to the data released by the European Aluminum Association, the fuel consumption of the car during driving is directly proportional to the overall weight of the car, and the heavier the car, the greater the fuel consumption. Energy saving and emission reduction of automobiles can be achieved by reducing the weight of the vehicle, in which the fuel consumption of the vehicle will be reduced by 6%-8% for every 10% reduction in the weight of the vehicle.
Automobile lightweight is mainly through two ways: improving materials and optimizing structure. The former refers to the use of high-strength materials, such as aluminum alloys, magnesium alloys, titanium alloys, high-strength steels, plastics, powder metallurgy, ecological composite materials and ceramics, etc., which have higher strength and stiffness than traditional steel, which can reduce weight while improving the structural stiffness and crash safety of automobiles. Second, the use of advanced design and manufacturing processes is essential for lightweighting. Using technologies such as computer-aided design (CAD) and computer-aided manufacturing (CAM), it is possible to accurately design parts with complex shapes, and achieve a high degree of integration and assembly through advanced manufacturing processes such as die casting and injection molding. These technologies not only help reduce material waste, but also improve the strength and quality of components, thereby reducing the weight of the entire vehicle. In addition, the use of an efficient powertrain also contributes to the reduction of vehicle weight. The traditional automotive powertrain is bulky, and the use of new energy technologies such as hybrid and pure electric can significantly reduce the weight of the powertrain. At the same time, an efficient powertrain can provide higher power output and reduce energy waste, further improving the fuel efficiency of the car.
At present, modified plastics have significant advantages such as low cost and high performance, and are the second largest materials used in automotive materials after metals, and "replacing steel with plastic" has become one of the important ways for automobile lightweight. The modified plastic replaces metal materials for automobile parts and load-bearing structures, which can play a significant role in reducing the quality of the workpiece, and the modified plastic belongs to the intermediate products in the petrochemical industry chain, mainly processed by the five general plastics and the five major engineering plastics as the plastic matrix, with the characteristics of flame retardant, impact resistance, high toughness, easy processability, etc., so it is widely used in auto parts. Common modified plastics include modified PP and modified PA, of which modified PP accounts for 46% of domestic automotive modified plastics.
The trend of domestic substitution of auto parts is obvious, promoting the development of domestic small and medium-sized enterprises: In recent years, the localization trend of auto parts in China's automotive industry has been strengthened. This trend is mainly affected by national policy support, cost advantages and the improvement of technological strength. First of all, domestic auto parts enterprises meet market demand by continuously improving technical strength and production capacity. Compared with the traditional power, there is still a large gap in the design, research and development and production capacity of China's auto parts industry, but with the rapid development of China's automobile market in recent years, domestic parts companies have increased investment in technology research and development and innovation, and continuously improve product quality and performance. At the same time, many domestic parts enterprises have improved their production capacity and manufacturing level through cooperation with internationally renowned enterprises and the introduction of high-end equipment, and have gradually won the recognition of many vehicle manufacturers. Second, localization can reduce costs and improve production efficiency. Traditionally, Chinese auto companies have relied heavily on imported components, which has led to relatively high production costs. However, by using domestic components, enterprises can effectively reduce procurement costs, and at the same time reduce the links in the first chain, breaking the dependence on imports. What's more, localization can provide faster response and flexibility to meet changes in market demand.
In short, localization provides greater market opportunities and resource support for small and medium-sized enterprises, and stimulates the innovation potential of enterprises. Through their own continuous research and development and innovation, small and medium-sized enterprises can provide more competitive products and solutions, and at the same time, through cooperation with vehicle manufacturers and first-class businessmen, learn from and absorb advanced technology and management experience, so as to improve product quality and manufacturing capabilities, and further enhance their position in the market. With the continuous improvement of the technical level and production capacity of domestic parts enterprises, the trend of localization will be further strengthened to promote the sustainable development of China's automobile industry.
Report Publisher: CICC Enterprise Credit International Consulting.
Report Overview: A comprehensive display of the automotive industry chain, policy & market & technical and economic environment, market size, production capacity, output, import and export, sales, profit, profitability, comprehensive evaluation of financial status, marketing strategy, regional sales status and distribution, downstream demand and trends, enterprise competition strategy, analysis of key enterprises, technology status and trends, prospects, investment value, etc. Historical data 2018-2023, **data 2023-2030. There are two types of reports: the full version of the report and the customized version of the report, which can be selected according to different needs.
According to CICC Qixin International Consulting, the market size of China's automotive industry will be 100 million yuan in 2022, with a year-on-year increase of 100 million yuan, and by 2030, the market size of China's automotive industry will be 100 million yuan, a year-on-year increase. China's automotive industry production capacity in 2022. In 2022, the market consumption of China's automotive industry will be 100 million yuan, and **By 2030, the market consumption of China's automotive industry will be 100 million yuan. **Supply and demand of China's automotive industry by 2030.
The report consists of 12 chapters, which are summarized as follows:
Chapter 1 Overview of the Automotive Industry from 2018 to 2023
Definition, development history, industrial chain analysis
Chapter 2 Analysis of the development environment of China's automotive industry from 2018 to 2023
Analysis of the economic environment, related policies, national "14th Five-Year Plan" industrial policies, and analysis of the social environment
Chapter 3 Comprehensive Analysis of China's Automotive Industry Market from 2018 to 2023
Data analysis of market size, capacity, output, demand, import and export
Chapter 4 Financial Status of China's Automotive Industry from 2018 to 2023
Analysis of sales scale, profit scale, asset scale, profitability index, operating capacity index, solvency index analysis, and comprehensive evaluation of financial status.
Chapter 5 2018-2023 Automotive Marketing Strategy Survey
Analysis of main sales models, analysis of sales strategic planning, investigation and analysis of sales areas, regional distribution of sales of major product varieties, regional distribution of new product sales, regional market analysis (current situation, characteristics, demand, scale), investment dynamics, brand strategy analysis
Chapter 6 Analysis of the automotive industry chain from 2023 to 2030.
Industrial chain analysis, industrial chain model analysis, upstream industry development and its impact analysis, downstream industry development and its impact analysis
Chapter 7 Analysis of Competitive Strategies of Automobile Enterprises
Market competition strategy analysis, market growth potential analysis, main potential varieties analysis, competitive strategy selection, industry competition strategy analysis, enterprise competition strategy analysis, changes in the competitive pattern, competitive landscape outlook, industry development opportunity analysis.
Chapter 8 Analysis of the main advantages of the automobile enterprises, according to the needs of the corresponding enterprises.
Enterprise One. Enterprise two.
Enterprise three. Enterprise four.
Enterprise five. Chapter 9 General Economic Conditions of the Automotive Industry from 2018 to 2023.
Chapter 10 Analysis of the technological development of China's automotive industry from 2018 to 2023
Chapter 11 Automotive Industry Development 2023-2030**
Development trend analysis, industrial policy trends, technological innovation trends, market **, demand**
Chapter 12 Research on the Investment Value of China's Auto Industry from 2023 to 2030
Investment environment analysis, investment opportunity analysis, regional investment hotspot analysis, investment potential analysis, investment risk warning, CICC enterprise credit expert investment views
Table of Contents of Charts. Figure 10 Market size of China's automotive industry from 2018 to 2023 49
Figure 11 China's automotive industry market size 2023-2030** 50
Figure 12 China's automotive industry production capacity from 2018 to 2023 51
Figure 13 China's automotive industry capacity, 2023-2030** 53
Figure 14 China's automotive industry output from 2018 to 2023 54
Figure 15 China's automotive industry production from 2023 to 2030** 55
Figure 16 Demand in China's automotive industry from 2018 to 2023 56
Figure 17 Demand from China's automotive industry from 2023 to 2030** 58
Figure 18 China's automotive industry imports, 2018-2023 59
Figure 19 China's automotive industry export volume from 2018 to 2023 60
Exhibit 20 China's automotive industry imports, 2023-2030** 61
Figure 21 China's automotive industry exports from 2023 to 2030** 62
Figure 22 Sales revenue of China's automotive industry from 2018 to 2023 64
Figure 23 Total profit of China's automotive industry from 2018 to 2023 65
Figure 24 Asset size of China's automotive industry from 2018 to 2023 66
Figure 25 Loss of China's automotive industry from 2018 to 2023 68
Figure 26 Gross sales margin of China's automotive industry from 2018 to 2023 69
Figure 27 Cost and expense margin of China's automotive industry from 2018 to 2023 70
Figure 28 Sales margin of China's automotive industry from 2018 to 2023 71
Figure 29 Accounts receivable turnover ratio of China's automotive industry from 2018 to 2023 72
Figure 30 Current asset turnover ratio of China's automotive industry from 2018 to 2023 73
Figure 31 Total asset turnover ratio of China's automotive industry from 2018 to 2023 74
Figure 32 Asset-liability ratio of China's automotive industry from 2018 to 2023 76
Figure 33 Interest protection ratio of China's automotive industry from 2018 to 2023 77
Figure 38 Supply of the automotive industry in Northeast China from 2018 to 2023 89
Figure 39 Demand for the automotive industry in Northeast China from 2018 to 2023 90
Figure 40 Automotive Industry Market Size in Northeast China, 2018-2023 91
Figure 41 2018-2023 North China automotive industry supply 92
Figure 42 Demand for the automotive industry in North China from 2018 to 2023 94
Figure 43 Automotive industry market size in North China from 2018 to 2023 95
Figure 44 Supply of the automotive industry in East China, 2018-2023 96
Figure 45 Demand for the automotive industry in East China from 2018 to 2023 98
Figure 46 Automotive industry market size in East China from 2018 to 2023 99
Figure 47 2018-2023 Supply of the automotive industry in Central China 100
Figure 48 Demand for the automotive industry in Central China from 2018 to 2023 102
Figure 49 Market size of automotive industry in Central China from 2018 to 2023 103
Figure 50 Automotive supply in South China, 2018-2023 104
Figure 51 Demand for the automotive industry in South China, 2018-2023 106
Figure 52 Automotive Industry Market Size in South China from 2018 to 2023 107
Figure 53 Supply of the automotive industry in the western region from 2018 to 2023 108
Figure 54 Demand for the automotive industry in the western region, 2018-2023 110
Figure 55 Automotive Industry Market Size in Western Region 2018-2023 111
Figure 57 Market size of China's automotive industry from 2018 to 2023 124
Figure 63 Sales revenue of China's automotive industry from 2018 to 2023 148
Figure 66 China's automotive industry production from 2023 to 2030** 155
Exhibit 67 China's automotive industry demand, 2023-2030** 175
Figure 68 Market size of China's automotive industry from 2023 to 2030** 176