Research and Development Trend of China Automotive Crankshaft Industry, 2014-2018 lays emphases on analyzing the following aspects: policy environment, industry barriers, market supply and demand structure, competitive landscape, development trend and key enterprises.
According to statistics by CAAM (China Association of Automobile Manufacturers), the production and sales of automobiles in China reached 22.1168 million and 21.9841 million respectively in 2013, year-on-year growth of 14.76% and 13.87% respectively. The development goal that is the production and sales of automobiles all will reach to 25 million in 2015, which has mentioned in the 12th Five-Year Plan, will come true ahead of schedule at current growth speed, according to Huidian Research's conservative estimation. Huge automobile market will bring unprecedented opportunities for the development of automotive crankshaft industry.
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There are relatively higher barriers to entry into high-end crankshaft market, especially heavy-duty engine crankshaft market. Main barriers for entering to crankshaft market are summed up as follows:
(1) Technical barrier
(2) Capital barrier
(3) Scale barrier
(4) Obstacles relating to certification for main engine plants
(5) Obstacles relating to international certificate of quality system of auto parts
(6) Human resources
Because of the acceleration of urbanization, the existence of rigid demand for automobiles and the increasing consumption upgrading, Huidian Research predicts that the sales of automobiles in the next five years will grow at a growing rate of 8% to 10% year-on-year in China. It is estimated that demand volume of automotive crankshafts will reach 33.82 million sets by 2018.
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