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With the rapid development of China's auto market, China's automotive engine and piston ring market will also usher in new development opportunities. First, the rapid growth of long-distance transport vehicles. In the future, the power level of China's truck market will be rapidly upgraded. High-speed, high-power, light-weight heavy-duty vehicles will become the first choice for users; second, the strong growth of the dump truck market. The scale of China's fixed asset investment has grown rapidly. The sales of large-scale projects have driven the growth of dump trucks. At the same time, due to the small influence of national governance factors, the market space of dump trucks will increase. Third, the development of fuel-efficient heavy-duty vehicles has become a trend. The fourth is the strong pull of the country's new rural construction. The consumption of harvesting machinery and tractor products shows a trend of increasing power. The fifth is the full implementation of the national 3 and national 4 emission standards. It will promote the technological upgrading of medium and heavy-duty vehicles and the elimination of old products. Sixth is the upgrading of the heavy-duty vehicle market.
The challenge is mainly reflected in the reduction in exports. Due to the impact of the international financial crisis, China's commercial vehicle exports will face severe challenges and it is difficult to form restorative growth.
In 2010, the government will continue to implement a proactive fiscal policy and continue to increase spending on transportation, environmental protection, agriculture, forestry and water services, and improving people's livelihood. In terms of automobile policy: the cancellation of road tolls and the toll collection will continue, the policy of car going to the countryside will continue to be implemented, the trade-in will be increased, the “Huangbiao car†will be eliminated, and the Euro 4 emission standard will be delayed. Third-party logistics and urban distribution will be delayed. Will speed up. The passenger car market will continue to be better than the commercial vehicle market. The automobile consumption stimulus policy will continue to be maintained, but the increase will not reach this year.
According to Xinhuaxin's 2009 forecast report, passenger car sales in 2010 are expected to reach 11.32 million units, up 15.2% year-on-year; commercial vehicle sales reached 3.79 million units, up 15.3% year-on-year. In 2010, the growth rate of the auto market will slow down. It is estimated that the annual sales volume will be 15.12 million units, an increase of 15.2% year-on-year.
According to the forecast, the passenger car host market, each car is calculated according to the four cylinders, requires 13.58 million piston rings; commercial vehicle host market, commercial vehicles have four cylinders and six cylinders, each car is calculated according to five cylinders, requires piston rings of 56.85 million. sheet. A total of 192.69 million piston rings are required for the automotive mainframe market. However, at present, there are 170 million motor vehicles in China, 1/3 of the motorcycles are eliminated, and about 120 million vehicles (including low-speed cars) are left. The piston rings are replaced every year according to the 4 cylinders of each car. Demand reached 1.224 billion pieces, which is a huge repair market.
The Chinese auto market has great potential. In the United States, there are 800 cars for 1,000 people, 600 cars for Japan and Europe, and 140 cars for the world, and only 43 cars for China. In international comparison, we are still at a very low level. In the future, with the improvement of residents' living standards, as the income of residents increases, the demand for automobiles will continue to be demanded. From the forecast data, China's automobile consumption will reach 25 million in 2015, and the annual production volume of automobiles will be 25 million. The huge market will drive the tremendous development of China's piston ring industry. China's piston ring industry is only constantly innovating, operating scale, standardizing operations, improving the level, accelerating the pace of development, and meeting the needs of China's and international automotive development. (Chen Yujin: Jiangsu Yizheng Shuanghuan Piston Ring Co., Ltd. Marketing Department)
Characteristics and Prospects of the Automotive Engine Piston Ring Market in 2009 (3)
Sixth, the development opportunities and challenges facing the piston ring industry