Market Competitiveness of the Parts Industry

There are indications that more and more people began to pay attention to the development of mechanical industrial parts industry. In recent years, China is a big country rather than power, a consensus has been formed because the parts industry rely heavily on imports, this is a very important reason. With the flowing of domestic and overseas capital, we are optimistic about the prospects for the development of auto parts in China. In the next period of time, China is expected to become the world's auto parts production and manufacturing center. Scale of China's auto parts industry has been biggest in the world and the formation is more than twenty thousand. The business scale is large, however, due to a lack of self-development funds, high energy consumption, the majority value is low. Its competitiveness in the market as users, the pursuit of quality of the new product is the goal. There has been increasingly defeated momentum. This is technology component is particularly evident in this area.

Major auto parts are popular in the Chinese domestic market, almost all the advanced foreign manufacturers monopoly realize this situation. For example, auto parts of heavy products such as ball mills and cone crusher are increasing produced to meet the market demand. Liberalization in China after parts enterprises shares the limit. The multinational auto parts companies have set up wholly-owned enterprises in China and this becomes a trend. 70% of the global top 100 auto parts suppliers do business in China, auto parts production of foreign-funded enterprises in mainland China are over 1200. For the general machine components industry, the opportunities outweigh the challenges.

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