Overview of auto parts industry

After a hundred years of development, the automobile industry has become one of the largest and most important industries in the world. It is the national economic pillar industry of the United States, Japan, Germany, France and many other industrial developed countries. According to statistics, in addition to the financial crisis in 2008 and 2009, the global automobile production has grown steadily in the past decade, with the total output increasing from 69.22 million in 2006 to 99.215 million in 2018. 
With the rapid development of economic globalization, the pattern of global automobile industry has changed. In the United States, Europe, Japan and other countries and regions with developed traditional automobile industry, the growth trend of automobile production and sales is stable, and the market is gradually saturated. Some labor-intensive and resource intensive automobile manufacturing activities have been gradually transferred to developing countries in Asia, South America and other regions, among which the BRIC countries (Brazil, Russia, India, China) represented the most rapid development of emerging markets, which has become the main driving force for sales growth. The economic growth of developing countries is high, and the consumption structure is in the upgrading stage. It can be predicted that the focus of automobile industry will still tilt to developing countries in the future. 
Related report: Forecast Report on development prospects of domestic and foreign auto parts industry in 2020-2026 by Beijing Puhua Youce Information Consulting Co., Ltd

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