With the continuous development of the automotive and motorcycle industries in recent years, the demand for automotive and motorcycle parts from consumers is also increasing. As one of the world's largest manufacturers of automotive and motorcycle parts, China's industrial and supply chains in this field are becoming increasingly complete, meeting domestic demand while gradually moving towards the international market. However, in the current development and changes in technology, market, and consumer scenarios, it is necessary to understand the industry prospects and trends, avoid risks and challenges, and implement internationalization strategies safely and efficiently when going global for automotive parts.
According to the table of export value of major commodities released by the General Administration of Customs, the export of automotive spare parts for the whole year of 2022 was about 81.09 billion US dollars, a year-on-year increase of 7.4%; The export of spare parts for motorcycles and bicycles was approximately 13.29 billion US dollars, a year-on-year increase of 4.5%. According to the above report, automotive and motorcycle parts are mainly targeted at the after-sales market, and the demand in the after-sales market is mostly in demand, so their exports are relatively less affected by the overall contraction of external demand.
The report points out that in order to seize international opportunities in a timely manner, it is necessary to closely monitor the diversified development trends of the automotive and motorcycle parts industry in terms of technology, market, and consumer demand when going abroad. At the technical level, automotive and motorcycle parts are moving towards intelligence, electrification, lightweighting, and environmental protection.
The development of artificial intelligence and Internet of Things technology has led to the gradual intelligentization of automotive and motorcycle parts. For example, intelligent sensors can monitor the running status of vehicles in real time and provide feedback, intelligent navigation systems can provide the optimal route, and intelligent safety systems can predict and prevent accidents from occurring. The popularity of intelligent automotive and motorcycle parts continues to rise, especially among young people.
Meanwhile, with the popularization of electric vehicles, automotive and motorcycle parts are also shifting towards electrification. Electric motors, battery management systems, charging devices, etc. are all important accessories under the trend of electrification. The electrification development of these accessories will effectively improve the performance and range of electric vehicles. Moreover, in order to improve fuel efficiency and reduce carbon emissions, the lightweighting of automotive and motorcycle parts has become a trend. By using high-strength lightweight materials such as aluminum alloy and carbon fiber composite materials, the weight of the vehicle can be significantly reduced, thereby improving its fuel efficiency; In order to reduce harmful substances, automotive parts are increasingly enhancing their environmental friendliness, such as using recyclable materials for production and manufacturing, and developing new types of parts that can reduce automotive emissions.
The trend of accelerated globalization, online sales growth, and increasingly booming cross-border e-commerce cannot be ignored for market development. Under the trend of globalization, Chinese automotive and motorcycle parts companies are accelerating their expansion and integration into the global parts procurement system through mergers and acquisitions, overseas mergers and acquisitions, equity joint ventures, and joint ventures. At the same time, the demand for automotive and motorcycle parts in the online market is rapidly increasing, and online purchasing has become a new consumption channel for users. Cross border e-commerce breaks geographical restrictions, introduces high-quality automotive and motorcycle parts products to more countries and regions, promotes global automotive and motorcycle parts supply and demand docking, and optimizes global resource allocation.