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Future development trends of the auto parts industry

2024-10-11

Global resource allocation and parts procurement

As the global resource allocation model of the automobile industry matures and competition in the automobile industry intensifies, international automobile manufacturers, in order to reduce costs and enhance international competitiveness, gradually focus on the research and development and launch of new models on the market, reducing the number of The self-made rate of auto parts has shifted to allocating resources globally, building factories in emerging auto markets such as China, India, and Mexico, and purchasing auto parts products with competitive advantages in local markets. Global procurement has become the key to the automotive industry. important development trends.

Under such a trend, local parts manufacturers have gradually entered the parts supporting system of international vehicle manufacturers by virtue of their cost advantages and service responsiveness. Major international parts giants have also gradually extended their production and R&D bases to major global automobile manufacturers. Every corner of the market. With the technological progress and experience accumulation of auto parts companies in emerging market countries, the global procurement trend of automobile manufacturers will be further strengthened.

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