Headrest trim panel
- Commodity name： Headrest trim panel
Category:
Keywords:
Headrest trim panel
Automotive parts processing refers to the individual components that make up the overall automotive parts processing system, as well as the products that support this process. As the foundation of the automotive industry, automotive parts are an essential factor in sustaining the industry’s continued and healthy development.
Product Details
Automotive parts processing refers to the individual components that make up the overall automotive parts processing system, as well as the products that support and serve this process.
Automotive components, as the foundation of the automotive industry, are an indispensable factor in sustaining its steady and healthy development. In particular, the vigorous and ongoing efforts in independent R&D and innovation within the industry today rely even more on a robust components ecosystem for support. The development of indigenous vehicle brands and technological innovation depend on a solid components base, while innovative R&D and capability building in the components sector, in turn, serve as a powerful driver for the growth of the整车industry. These two aspects exert mutual influence and interaction: without strong indigenous vehicle brands, it is difficult to unleash the full potential of R&D and innovation in a robust components system; conversely, without the backing of such a system, the expansion and strengthening of indigenous brands would be hard to sustain.
From January to December 2005, all Chinese manufacturers of automotive parts and accessories recorded a cumulative gross industrial output value of RMB 383,800.952 million, up 18.67% year on year; cumulative product sales revenue reached RMB 375,265.815 million, an increase of 20.21% over the same period last year; and total cumulative profits amounted to RMB 21,462.002 million, a decrease of 9.09% compared with the corresponding period of the previous year.
From January to December 2006, all Chinese manufacturers of automotive parts and accessories recorded a cumulative gross industrial output value of RMB 539,704.996 million, up 34.35% year on year; cumulative product sales revenue reached RMB 527,234.933 million, an increase of 34.71% over the same period last year; and total cumulative profits amounted to RMB 32,605.652 million, representing a year-on-year rise of 46.79%. As of the end of December 2006, the number of enterprises in the industry above designated size stood at 6,142.
From January to November 2007, all Chinese manufacturers of automotive parts and accessories recorded a cumulative gross industrial output value of RMB 683,525.503 million, up 37.34% year on year; cumulative product sales revenue reached RMB 663,529.269 million, an increase of 37.45% over the same period last year; and total cumulative profits amounted to RMB 48,487.363 million, up 68.61% year on year. As of the end of November 2007, the number of enterprises in the industry above designated size stood at 7,171.
Based on the industry’s performance from January to October 2010, total profits in the automotive parts sector continued to grow, albeit at a slower pace; both import and export values also increased, but imports were dominated by high-margin, high-value-added, high-tech products such as transmissions and engine components, while exports were largely composed of labor-intensive and resource-consuming goods with low entry barriers and thin profit margins, including tires and electronic instruments and meters. Meanwhile, the downstream vehicle manufacturing sector experienced a period of overcapacity; although it posted unusually rapid growth in 2010 thanks to various government stimulus measures, production and sales growth slowed in 2011 and pressure from excess capacity intensified. As a result, the parts industry may face substantial margin pressure in the second half of the year. The main challenge facing the industry is being squeezed from both upstream and downstream ends, resulting in dual pressure: the automotive parts sector is caught between two powerful forces and lacks bargaining power vis-à-vis both suppliers and customers. Upstream raw materials—primarily steel, rubber, plastics, and textiles—are priced according to trends in bulk commodities such as steel, oil, and natural rubber, leaving auto-parts firms with limited options for hedging risk beyond monitoring these price movements. At the same time, downstream vehicle manufacturers are predominantly large corporations and conglomerates that hold a dominant position in negotiations with parts suppliers, possess strong bargaining power, and are able to pass cost pressures onto the auto-parts industry. Consequently, parts suppliers find themselves effectively sandwiched between these two forces—a “sandwich” position that leaves them under pressure from both ends.
Previous Page
Next page
Previous Page
Next page
Business Hotline
Address: No. 7, Meijia Road, Nan’an District, Chongqing
Email: fenghai@cqfenghai.com
official account
Company Phone：023-61966749
Company email：fenghai@cqfenghai.com
Recruitment Hotline：023-61966751
Recruitment Email：zouzongze@cqfenghai.com