Auto Parts Industry: Steady growth to find sub-market highlights
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The China Automotive Technology and Research Center recently held a seminar on the development of the Chinese automotive market. Experts at the meeting discussed the characteristics of the auto market in 2014 and the development trend in 2105.
expert's point:
The passenger car market is structurally stronger.
In 2014, the passenger car market showed a structural strengthening: the growth of the car market slowed down, new forces represented by MPVs and SUVs continued to give power; cars tended to be heavy-duty, and SUVs became lighter; booster models became the trend of the auto market. New product promotion has distinctive features. New product promotion is mainly in A-Class sedans and A0-class SUVs.
The age structure of the population has a greater impact on the auto market, and the 85th will ensure the recent growth of the auto market. 2015 is a big consumer year. Energy-saving vehicle subsidies are still the main force driving the auto market. Based on the above, it is expected that the narrow passenger car will grow by about 10% in 15 years.
Commercial vehicles need to find new power.
The future number of commercial vehicle market may not change much, and it is expected that there will be a turning point around 2017-2020. The future development direction of commercial vehicle products: high-end, high reliability; electronic, intelligent. Road transport has started to shift from major transport commodities, ore, and coal to higher-value-added products. Future competition in the commercial vehicle market will shift from scale expansion to value efficiency; from domestic competition to overseas expansion.
New energy vehicles: Rapid development is about to start.
The technology of new energy vehicle core parts and components has made certain progress, and has formed a certain technical route. The core technologies have been steadily upgraded, and a new energy automobile industry development zone has been formed with Beijing, Tianjin, the Yangtze River Delta, and the Pearl River Delta as clusters. It is expected that the purchase of new energy vehicles will be an important driver for the increase in the number of new-energy passenger vehicles in the later period, and the scope of application in the taxi area will gradually expand. Time-share leasing is an important way to open the private market.
Ping An Viewpoint: It is expected that the automotive market will grow steadily in 2015. The passenger car market will still focus on the SUV market; the commercial vehicle market will focus on energy-saving and emission-reduction investment opportunities; new energy vehicles are expected to make breakthrough progress.