Industry Overview
The Importance of Brakes
The brake is one of the important safety components of a car, mainly used to control the deceleration and parking of the vehicle. It plays a key role in ensuring driving safety, improving vehicle performance and driving experience. With the increase in the number of cars and the continuous advancement of technology, the demand and quality requirements for brakes are also increasing.
The current situation of China's brake market
China has become the world's largest automobile production and sales market, which provides a solid foundation for the development of the brake industry. In recent years, the scale of the domestic brake market has grown steadily. The market size in 2019 was about 150 billion yuan, and it is expected to reach 220 billion yuan in 2024, with an average annual compound growth rate of about 8%.
Market Environment Analysis
Policy Environment
The Chinese government attaches great importance to the development of the automobile industry and has introduced a series of policies to promote the upgrading and development of the automobile industry, such as the "Medium- and Long-Term Development Plan for the Automobile Industry" and the "New Energy Automobile Industry Development Plan (2021-2035)". These policies provide strong support for the development of the brake industry.
Economic Environment
China's economy continues to grow steadily, residents' income levels continue to increase, and automobile consumption demand is strong. At the same time, the government has increased investment in infrastructure construction and promoted the development of the commercial vehicle market, which has brought broad market prospects to the brake industry.
Technical environment
With the advancement of science and technology, brake technology has been continuously upgraded, and electronic control technology, lightweight materials and intelligent manufacturing technology have been more and more widely used in brakes. These technological advances have brought new development opportunities to the brake industry.
Industry development trend
Intelligence and electrification
Intelligence and electrification are important trends in the future development of the brake industry. The application of intelligent braking systems such as electronic stability control system (ESC), anti-lock braking system (ABS) and electronic parking brake system (EPB) is becoming more and more popular, which improves the safety and handling performance of vehicles.
Lightweight and environmental protection
Lightweight and environmental protection are the development direction of brake technology. The use of lightweight materials and advanced manufacturing processes can effectively reduce the weight of brakes and improve the fuel economy of vehicles. At the same time, the application of environmentally friendly brake materials and processes can help reduce the environmental pollution of brakes.
Development of new energy vehicles
The rapid development of new energy vehicles has brought new growth points to the brake industry. New energy vehicles have higher requirements for the braking system and need an electronic braking system with energy recovery function. With the expansion of the new energy vehicle market, the demand for related brake products will increase significantly.
Market demand analysis
Passenger car market
The passenger car market is the main source of demand for the brake industry. With the increase in the number of family cars and the improvement of automobile safety standards, the demand for passenger car brakes has grown steadily. In the future, with the popularization of intelligent driving technology, intelligent braking systems will become the mainstream of the market.
Commercial vehicle market
The demand for commercial vehicles mainly comes from logistics and infrastructure construction. With the rapid development of e-commerce and express delivery industries, the demand for logistics vehicles is strong, which has promoted the development of the commercial vehicle brake market. At the same time, the government's increased investment in infrastructure construction has also provided growth momentum for the commercial vehicle brake market.
New energy vehicle market
The new energy vehicle market is an important growth point for the brake industry. New energy vehicles have put forward higher requirements for the braking system, and the electronic braking system with energy recovery function has become a market hotspot. With the rapid expansion of the new energy vehicle market, the demand for related brake products will increase significantly.
Competition situation analysis
Domestic competition
The Chinese brake market is highly competitive, and the main players include large domestic enterprises and foreign brands. Domestic companies such as Wanan Technology and Sugon Co., Ltd. occupy an important position in the market, and foreign brands such as Bosch and Continental also have a place in the high-end market.
International competition
Chinese brake companies also have certain competitiveness in the international market. Some companies have gradually improved product quality and brand influence through technological innovation and international cooperation. With the continuous development of the global automotive industry, Chinese brake companies are expected to make greater breakthroughs in the international market.
Key regional market analysis of China's brake industry
East China
East China is an important base for China's automobile industry and a major gathering place for the brake industry. Shanghai, Jiangsu and Zhejiang have a complete automobile manufacturing industry chain and rich technical resources, providing a good environment for the development of the brake industry.
South China
South China is an important base for China's automobile exports. Automobile manufacturing companies in Guangdong and Fujian are highly competitive in domestic and foreign markets. Brake companies in South China have obvious advantages in the export market.
North China
Beijing, Tianjin and Hebei in North China are traditional important cities in China's automobile industry, with strong industrial foundation and scientific research strength. Brake companies in North China have significant advantages in technological innovation and product research and development.
Analysis of leading companies in China's brake industry
Vie Technology
Vie Technology is a leading brake manufacturer in China, focusing on the research and development, production and sales of automotive brake systems. The company has strong competitiveness in the fields of intelligent brake systems and new energy brakes.
Sugon Co., Ltd.
Shugon Co., Ltd. is a well-known auto parts manufacturer in China, mainly producing automotive brake systems, chassis systems, etc. The company occupies an important position in the commercial vehicle brake market, and its products are sold at home and abroad.
Bosch China
Bosch is a world-renowned auto parts supplier and also has an important influence in the Chinese market. Bosch China provides advanced automotive brake system solutions and has a high share in the high-end market.
In general, China's brake industry is in a stage of rapid development and has broad market prospects. Intelligence, electrification, lightweight and environmental protection are the main trends of future development. With the popularization of new energy vehicles and intelligent driving technology, the brake industry will usher in more development opportunities. By continuously improving technical level and market competitiveness, Chinese brake companies are expected to achieve greater success in domestic and foreign markets.
