(CRI-report) – In 2010, Chinese automobile parts and fitting manufacturing presented the high-speed increase momentum. The degree of prosperity of the industry dramatically rose and the industrial benefits sharply recovered. During January and November in 2010, the total sales revenue of automobile parts and fitting manufacturing reached CNY 1,496.0944 billion, with an increase of 42.32% YOY, which was higher than the average level of the industry (with an increase of 31.78%).During January and September in 2011, the sales increase speed of Chinese automobile parts and manufacturing industry was quick, and the total sales revenue reached CNY 1,417.9924 billion, with an increase of 24.40% YOY. With the constant increase of Chinese automobile retain number, the market share of Chinese automobile parts industry will continually increase, while the huge after-sale market brings the huge market development space to domestic automobile parts enterprises. In the future years, Chinese automobile parts industry will have more investment opportunities.After the high growth of the vehicle industry in the recent two years, the sale volume of vehicles is generally predicted to return to the steady increase of about 10% in the market. Benefit from the market demands for export, after-sale maintenance and import substitutions, the increase of parts industry is expected to be higher than that of vehicles.Together with after-sale maintenance, export and import substitutions, the growth space of parts enterprises is wide. On the whole, there is still a long road for the growth of parts enterprises. Firstly, the after-sale demand space of parts is wide, which not only benefits from the increase of automobile retain number but also the structural adjustment of the increase proportion of demands.Secondly, compared with the developed countries, the large annual production and sale basic numbers of developing countries with the cost advantage can bring the substantial scale economy. The export market of parts enterprises gradually becomes bright.Thirdly, on one hand, the effect of import substitute will be further strengthened benefiting from the possible policy advantages. On the other hand, the downstream demand slows down and the competition is intensified. The powerful autonomous parts enterprises will spring up.With the gradual declining cost of the key power lithium-ion batteries, the new-energy automobiles are on the way of realizing marketization. Currently, the distance per charge of power automobiles can meet the demand of the majority of consumers in cities. With the gradual decrease of the cost of power lithium-ion batteries in future two years, power automobiles are expected to welcome the opportunity of replacing parts of traditional automobiles at the price of about CNY 100,000. At the same time, to provide the more convenient use condition for the marketization of power automobiles, some infrastructure development, such as charging stations and so on will rapidly increase, which will bring the growth space to related enterprises in recent years.Considering the downturn sales volume of vehicles currently and the anticipation on the constant adjustment of vehicles in 2012, it is expected that parts enterprises will welcome the greater performance space compared with vehicle enterprises.Related report:
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