Automobile stampings mainly refer to metal stampings that constitute auto parts.

1. Market development status

Automobile stamping parts belong to the auto parts industry. In recent years, with the rapid development of my country's automobile industry, my country's auto parts industry has also developed rapidly, and the overall growth rate is higher than that of my country's complete vehicle industry. Although in the past two years, due to factors such as the new crown epidemic and lack of cores, the growth rate of market development has declined slightly. However, with the gradual easing of the epidemic and chip supply, the industry is gradually recovering. The data shows that the sales revenue of auto parts in my country has increased from 3.74 trillion yuan in 2017 to 4.57 trillion yuan in 2020, with an average annual compound growth rate of 6.9%. In 2021, the sales revenue of auto parts in my country will be 4.9 trillion yuan.

Data source: Research Report on the Development Status and Investment Strategy of China's Automotive Stamping Parts Industry (2022-2029)

According to the "Research Report on the Development Status and Investment Strategy of China's Auto Stamping Parts Industry (2022-2029)" released by Guanyan Report Network, as an important auto part, the auto stamping parts industry has also followed the development of the automobile industry in recent years. High-speed development and rapid development. At present, in the automobile manufacturing process, about 60%-70% of metal parts need to be stamped and formed. Therefore, automobile stamping parts are widely used in automobiles, and can be used as interior supports, structural reinforcements and various parts on the car body. Parts such as covering parts. According to the fact that each car has more than 1,500 stamping parts and the value of a single car is more than 10,000 yuan, the sales volume of cars in my country will reach 26.28 million in 2021, so the market of stamping parts in my country will exceed 260 billion in 2021.

2. Market demand analysis

The market demand for automotive stamping parts mainly comes from the automotive industry. It is understood that automotive stamping parts are indispensable in automobile manufacturing. In recent years, with the acceleration of automobile upgrading, the continuous improvement of automation and intelligence levels, and the continuous expansion of the production scale of new energy vehicles, its demand continues to grow.

1. Automobile production and sales

Cars are the most important modern means of transportation. Automobiles are also the means of transportation with the largest number, the most popularization, the widest range of activities, and the largest transport volume. Since the "cold" in 2018, the main consumption force has decreased, and in recent years, the improvement of urban public transportation in my country, the proliferation of high-speed rail network, and urban restrictions have caused the sluggish sales of automobiles. Although the overall automobile market performance is sluggish, the overall level still maintains a relatively high level. Especially in recent years, as environmental protection and green development have become mainstream trends, the new energy vehicle market has been active. With the further promotion of new energy vehicles, the production and sales of automobiles have also increased. At the same time, there is still a gap between my country's per capita car ownership and European and American countries, and there is still room for growth in the future auto market. As an important part of the car, auto stamping parts have a good development prospect.

Data show that in 2021, my country's car ownership will be 302 million, a year-on-year increase of 7.5%; car production will be 26.082 million, a year-on-year increase of 3.4%; car sales will be 26.275 million, a year-on-year increase of 3.8%. Entering the beginning of 2022, due to factors such as the multi-point spread of the epidemic, automobile production and sales have declined. Then in June, with the effectiveness of epidemic prevention and control and the effects of consumption promotion policies, my country's automobile production has fully returned to normal levels, and the consumer market has recovered rapidly. Data show that from January to April 2022, my country's automobile production and sales completed 7.690 million and 7.691 million vehicles respectively, a year-on-year decrease of 10.5% and 12.1% respectively. From January to June 2022, my country's automobile production and sales completed 12.117 million and 12.057 million vehicles respectively, a year-on-year decrease of 3.7% and 6.6% respectively, and the decline rate was 5.9 percentage points and 5.6 percentage points narrower than that from January to May.

Data source: Research Report on the Development Status and Investment Strategy of China's Automotive Stamping Parts Industry (2022-2029)

2. New energy vehicle market

In recent years, thanks to the country's continuous policy support, my country's new energy vehicle technology level has continued to improve, product performance has improved significantly, and the scale of production and sales has ranked first in the world for six consecutive years. The data shows that in 2021, the production of new energy vehicles in China will be 3.545 million, and the sales volume will be 3.521 million. From January to June 2022, the production and sales of new energy vehicles in my country will be 2.661 million and 2.600 million respectively, an average increase of 1.2 times year-on-year, and the market penetration rate is 21.6%.

Data source: Research Report on the Development Status and Investment Strategy of China's Automotive Stamping Parts Industry (2022-2029)

The rapid development of new energy vehicles drives the development of lightweight vehicles. According to the released "Energy Saving and New Energy Vehicle Technology Roadmap", by 2030, the vehicle weight reduction rate will reach 35%, the amount of aluminum used will exceed 350kg, and the amount of magnesium used will reach 45kg. However, high-strength steel and aluminum alloy castings generally require die-casting, and the die-casting process is an important means of achieving lightweight automobiles.

Therefore, the demand for stamping parts for the rapid penetration of new energy vehicles is also increasing. For example, compared with traditional models, on the one hand, new energy vehicles are active practitioners of body weight reduction, and on the other hand, due to the new energy and power system model, they have brought an increase to the industrial chain. At present, the demand for stamping parts in the new energy vehicle industry chain is mainly concentrated in three aspects: automotive body structural parts, power battery structural parts, and charging pile chassis structural parts. Among them, as far as automotive body structural parts are concerned, light weight is more a requirement for product material replacement and technology update iterations, and the original traditional steel stamping parts are partially replaced with aluminum alloy/high-strength steel stamping parts

Source: Research Report on Development Status and Investment Strategy of China's Automotive Stamping Parts Industry (2022-2029)

3. Market competition

Benefiting from the positive market, capital has entered the market one after another in recent years. So far, there are many players in my country's auto stamping parts market, and the competition pattern is relatively scattered. The competitiveness of domestic brands needs to be further improved. It is expected that in the future, large manufacturers can take advantage of their economies of scale and technological advantages to gradually improve product yield and production efficiency to achieve the goal of cost reduction, and the market concentration will continue to increase.

At present, enterprises in my country's auto stamping parts market are mainly divided into four echelons. The first echelon is mainly domestic joint ventures of foreign auto giants. The enterprises in this echelon have advanced technology and relatively stable downstream demand; the second echelon is domestic large-scale private stamping parts production represented by Huada Technology and joint shares. Enterprise-based, this echelon of enterprises has achieved certain advantages in some products; the third echelon is dominated by subsidiaries of domestic vehicle manufacturers; the fourth echelon is other small and medium-sized stamping parts manufacturers.

Source: Research Report on Development Status and Investment Strategy of China's Automotive Stamping Parts Industry (2022-2029)

At present, my country's auto stamping parts market mainly includes Huada Technology, Ningbo Huaxiang, Lingyun, Changqing, Jinhongshun, Wuxi Zhenhua, and Lianming. .