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China to become a powerful vehicle parts must be built in power as a precondition
 

Be under the alternation of feast

    Xu Changming said the next ten years, will usher in three parts business development opportunities: First, the high growth of the domestic car market; Second, the domestic auto industry to accelerate the pace of internationalization; Third, the rapid development of autonomous vehicle business.

    Opportunity one: the high growth of the domestic auto market

    He said: "The next decade the demand for cars in China will remain at 13% -15% of the average annual growth rate than the world's automotive power, China's auto market has a relatively long period of rapid growth, this time around is from 2009 -2023, the span of 15 years or so, which of all parts of domestic companies is a good opportunity for development. "

    Throughout the automotive industry, automobile power development process, in general, will undergo two stages of rapid development. The first stage is 20 thousand 5 thousand cars to the car, which is one of the fastest growing period, the duration is 5 years, average annual sales growth rate of about 30%. For example, Japan from 1960 to 1964, average annual growth rate of 35.8%, South Korea from 1981 to 1985, average annual growth rate of 25%. Our country from 2001 to 2008, the duration is 8 years, average annual growth rate of 30.4%. Excluding China's accession to WTO in 2002 due to compensatory growth factors, the average annual growth rate of China's car sales in about 25%.

    The second stage is 100 thousand vehicles 20 vehicles to thousands of people. Average annual growth rate of sales during this period about 20%, than the first period fell by 10 percentage points, it is still rapid growth, the duration is about a decade. Japan is 8 years, that is, 1965-1973, the average annual growth rate is 22%, South Korea is 12 years, average annual growth rate of 20%. Because our country is relatively low car penetration, so far the initial forecasts at this stage, we will have a growth of about 15 years, time to be longer, but the car power than the pace of development in this period, we the rate is lower, the average annual growth rate of about 13% to 15%.

    Xu Changming said that China has its own special circumstances, the income gap compared to our power those cars should be large. The size of the income gap between the rate of adoption of consumer durables will play a crucial role. The smaller the income gap, the less time the popularity of consumer durable goods, and vice versa.

    Relatively large income gap, determines the popularity of the car relatively slow speed, which China's auto market will maintain a longer period of sustained growth, which is currently still relatively weak competitiveness of own brands to win a relatively long development time.

    Opportunity two: the domestic auto industry to accelerate the pace of internationalization

    "During the second five countries will vigorously promote the international automobile industry, to encourage car companies to go global. And as OEMs and international, independent parts enterprises in China will play a great role in boosting," Xu Changming said.

The article above is transfered from glow plug, and spark plug



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