China's auto parts-related enterprises grew by 30% in the first eight months
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2022-06-28

Source: Xinjing News


Original title: China's auto parts-related enterprises added 51,000 in the first eight months, a year-on-year increase of 30%


New Beijing News shell financial news domestic vehicle market downward pressure this year, but the number of auto parts-related enterprises is still maintaining growth.


Enterprise data show that there are currently 360,000 auto parts-related enterprises in China, and the number of newly registered enterprises reached 61,000 in 2019, with a total of 51,000 new enterprises in the first eight months of this year, an increase of 32.1% year-on-year, of which the average monthly registration since April exceeded 8,200. From the regional distribution, Jiangsu Province ranked first with 54,000 enterprises, Zhejiang and Shandong ranked second and third with 38,000 and 32,000 respectively.


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61,000 new registered enterprises in 2019


Auto parts are the basis for the development of the auto industry, and are a prerequisite for supporting the continuous and steady development of the auto industry. With the advancement of economic globalization and market integration, the market position of auto parts industry in the auto industry system has been gradually enhanced. Enterprise data show that as of September 2020, there were 360,000 auto parts-related enterprises in operation and in existence nationwide.


Enterprise data show that in the past 10 years, the national auto parts-related enterprise registration has been climbing year by year. 2010-2013, the average annual registration of related enterprises was 14,000, and the industry has entered an upward channel since 2014, and the registration of related enterprises reached 61,000 in 2019, an increase of 15%, which is 4.6 times of the data 10 years ago.


Since the beginning of this year, the impact of the worldwide epidemic has brought some impact on the auto parts industry. Enterprise data show that in February, the relevant enterprise registration volume hit the bottom, only 1,400, a decline of 57%. With the effective control of the domestic epidemic, the car market began to gradually recover, the auto parts business market also showed a rebound, March related business registration amounted to 7,000, up 401%, April-August related business registration amounted to 8,200. Overall, a total of 51,000 new enterprises in the first eight months, an increase of 32.1% year-on-year.


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Jiangsu, Zhejiang, Shandong ranked top three


From the perspective of geographical distribution, enterprise data show that Jiangsu Province has the largest number of auto parts-related enterprises in the country, amounting to 54,000, accounting for 15.2% of the national total; Zhejiang Province and Shandong Province ranked second and third with 38,000 and 32,000 respectively.


From the registered capital, enterprise data show that nearly 70% of the national auto parts-related enterprises registered capital within 5 million, including 1 million accounted for 33%, the registered capital of 1 million - 5 million accounted for 34%. The registered capital of more than 10 million accounted for 20%.




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