Auto parts retail industry three main export market countries, the development of 2023 is:
EU market, the main European market auto parts retail industry consumption has increased, while these markets generally face the phenomenon of vehicle age growth;
Japan market, the growth rate will slow down after the first five years of high growth. In addition, the yen exchange rate fluctuations also bring uncertainty to the related import industry;
The North American market remains the largest auto parts market among the Western markets, in which consumer confidence has rebounded as U.S. 2023 new + used car sales grew 13% year-on-year.
According to the General Administration of Customs data collated by China Association of Automobile Manufacturers (CAAM), from January to November 2023, the export value of auto parts and components amounted to 90.54 billion U.S. dollars, a year-on-year increase of 7.6%, accounting for 47.3% of the total export value of automotive goods. In the main export varieties of auto parts, compared with the same period of the previous year, the four major categories of auto parts varieties have maintained a different degree of growth.
Standing at the starting point of 2024, looking back at the overseas auto parts market, it is summarized to present the following status and characteristics:
Firstly, the development of overseas auto parts market is always in the state of growth. With the rapid development of the global automobile industry, the demand for auto parts market is also increasing. At present, Europe and North America are the world's largest auto parts market, followed by the Asia-Pacific region.
Among them, the North American market is famous for its large car ownership and high level of car culture, while the European market is known for its high-end car brands and high-quality auto parts. The Asia-Pacific market, on the other hand, is mainly driven by the automobile markets of developing countries.
Secondly, the overseas auto parts market is characterized by tensions between supply and demand, which is manifested in fierce market competition and high price fluctuations. Automobile manufacturers, auto parts manufacturers and auto parts dealers are involved in the market competition, and all of them are constantly seeking innovation to improve their competitiveness.
In addition, overseas auto parts markets are also affected by policies and regulations. Government regulations and policies can affect the supply and demand in the auto parts market, thus affecting market prices. For example, the European market has high environmental and safety requirements. Therefore, the threshold for entering the market is high, and at the same time, automobile manufacturers and accessory manufacturers in the market have large quality control costs.
