The Beijing News Shell Finance News reported that the domestic vehicle market is under greater downward pressure this year, but the number of auto parts-related companies still maintains growth.
According to the company’s data, there are currently 360,000 auto parts-related companies in my country. In 2019, the number of newly registered companies reached 61,000. A total of 51,000 were added in the first eight months of this year, a year-on-year increase of 32.1%. The average number of registrations exceeds 8,200. In terms of regional distribution, Jiangsu Province ranked first with 54,000 companies, Zhejiang and Shandong ranked second and third with 38,000 and 32,000 companies respectively.
61,000 newly registered companies in 2019
Auto parts are the foundation of the development of the auto industry and a prerequisite to support the continuous and steady development of the auto industry. With the progress of economic globalization and market integration, the market position of the auto parts industry in the auto industry system has gradually improved. According to the company’s data, as of September 2020, there are 360,000 active and surviving auto parts related companies nationwide.
According to the company’s data, the number of registrations of auto parts related companies in the country has been increasing year by year in the past 10 years. From 2010 to 2013, the average annual registration volume of related companies was 14,000. Since 2014, the industry has entered an upward trend. In 2019, the number of related company registrations reached 61,000, a year-on-year increase of 15%, which is 4.6 times the figure 10 years ago.
Since the beginning of this year, the impact of the global epidemic has brought a certain impact on the auto parts industry. According to the company’s data, the number of related company registrations fell to the bottom in February, with only 1,400 companies, a 57% decrease from the previous month. With the effective control of the domestic epidemic, the auto market has gradually recovered, and the auto parts enterprise market has also shown a recovery trend. In March, the number of related company registrations reached 7,000, an increase of 401% from the previous month. The monthly average number of related company registrations from April to August reached More than 8,200. Overall, a total of 51,000 new companies were added in the first eight months, a year-on-year increase of 32.1%.
Jiangsu, Zhejiang and Shandong rank top three
From the perspective of geographical distribution, according to the company’s data, Jiangsu Province has the largest number of auto parts related companies in the country, reaching 54,000, accounting for 15.2% of the country’s total; Zhejiang and Shandong provinces each account for 38,000. And 32,000 companies ranked second and third.
From the perspective of registered capital, according to the company’s data, nearly 70% of auto parts related companies nationwide have registered capital less than 5 million, of which 33% are less than 1 million, and 34% are registered capital between 1 million and 5 million. . Those with a registered capital of over 10 million account for 20%.
Editor Wang Jinyu Proofread Li Xiangling