Chinese filter companies may lose gold for 10 years

According to a conservative forecast released by the professional department, with the rapid development of the Chinese automobile industry, the market demand for Chinese automotive filters will double over the existing ones in the next 10 years. However, Chinese automotive filter companies are likely to miss this high-speed development and promising market.

According to statistics, with the increase in the number of car ownership, the total market demand for car filters in China has increased from 390 million in 2006 to 570 million in 2010. According to this speed of development, by 2020, the market demand will reach 1.16 billion sets.

Although there are many manufacturers in China's auto filter industry, the scale is generally small. According to the statistics of Jiazhidao Auto Consultation Company, there are more than 1,000 filter companies in China, but most of them are small-scale enterprises. Among them, only tens of companies have an annual production capacity of more than 1 million or an annual sales income of over 20 million yuan. Most of the homes are automotive filter companies with incomplete production conditions, backward testing methods, and small-scale hand-workshop-type automotive filter companies. These companies basically fail to meet the requirements.

The huge market for automotive filters has attracted many domestic companies to join, which has exacerbated the fierce competition in this market, especially the aftermarket competition has become more intense. It is understood that the number of filter companies competing for the aftermarket is far more than the matching market. In the filter aftermarket, the brand concentration is very low, and the market share of the first five filter companies is only 15%. In the matching market, the top 5 filter companies have a market share of 40%.

As more and more companies enter this market, the filter aftermarket has entered the era of low profit, and the profit space is still shrinking. In the next two to three years, the "National V Standard" will be implemented. Coupled with the appreciation of the renminbi and the rise in raw material prices, more and more multinational companies have begun to occupy the market position. Currently, Man Hummel, Mahler, Sogefi, Fleetguard, Donaldson, Denso and other multinational filter companies have invested and built factories in China. Various factors have made the already difficult enterprises even worse.

For Chinese companies, the automotive filter market challenges and opportunities exist, how should filter companies break through? Resource Integration? Or can we achieve breakthrough by entering the matching market? The “2010 China Automotive Filter Industry Summit Forum” to be held in Chinatown from October 21 to 22, 2010 will discuss the above issues in an all-round way.

This time, organized by the China Automotive Consultation Center and co-organized by the China-Europe International Business School Alumni Automobile Industry Club, Jiazhidao Automotive Consulting Co., Ltd. organized a professional forum to invite domestic and foreign filter manufacturers, government agencies, and vehicle manufacturers. Decision makers of financial investment institutions will gather together to discuss the future development of the industry.

The conference aims to establish an efficient and practical communication platform for decision makers in the filter industry at home and abroad and contribute to the healthy and sustainable development of the Chinese filter industry. The conference will interact with everyone from the point of view of filter industry policy, technology innovation and application, and industrial investment to comprehensively analyze how China's filter manufacturers consolidate "a place" under the new situation and seize the opportunity of development for the domestic market. Enterprises to develop breakthrough strategy to provide reference and ideas.