Recently, Automotive Nesw released the 2024 Top 100 Global Auto Parts Suppliers List. This is the top 100 global auto Parts suppliers and data interpretation, the relevant analysis is as follows:
TOP10 ranking:
TOP1 is Robert Bosch of Germany, with revenue of US$55.89 billion; TOP2 to TOP10 are: ZF (Germany, US$49.70 billion), Magna (Canada, US$42.709 billion), CATL (China, US$41.365 billion), Denso (Japan, US$40.723 billion), Hyundai Mobis (South Korea, US$36.964 billion), Aisin Seiki (Japan, US$32.698 billion), Continental (Germany, US$28.743 billion), Forvia (France, US$28.31 billion), Lear (USA, US$23.467 billion).
Analysis of the entry threshold: The entry threshold has dropped by 17.2% from 2023 to US$1.478 billion, that is, the top 100 is China’s Sanhua Parts. However, the revenue of the 100 parts manufacturers on the list has increased by an average of about 9% year-on-year. Total revenue of the top 100 companies: The total automotive business revenue of the 100 companies on the list reached US$979.233 billion, a year-on-year increase of 5.6%; 30 companies have entered the “US$10 billion club”, an increase of 1 year-on-year. Headquarters of the top 100 companies: In 2024, the top 100 companies are distributed in 16 countries, including China, Germany, France, Canada, Japan, South Korea, Sweden, Spain, etc. Among them, Japan has the largest number of companies, with 22 companies on the list; followed by the United States with 18, Germany with 17, China with 15, South Korea with 10, France with 3, Canada with 3, and Spain with 3. Chinese companies on the list:
1. China has 15 companies on the list, with 2 more companies (Guoxuan High-tech and Sanhua Parts) than in 2023, namely: CATL (US$41.365 billion), Yanfeng (US$15.513 billion), Joyson Electronics (US$7.906 billion), Beijing Hainachuan (US$5.966 billion), CITIC Dicastal (US$5.8 billion), Ningbo Huaxiang Electronics (US$3.296 billion), Johnson Electric (US$3.21 billion), Guoxuan High-tech (US$3.192 billion), Desay SV (US$3.105 billion), Min =Shi Group (US$2.914 billion), Nobo Automotive Systems (US$2.817 billion), Ningbo Top Group (US$2.782 billion), Jingcheng Engineering (US$2.481 billion), Anhui Zhongding Seals (US$2.346 billion), Sanhua Parts (US$1.478 billion);
2. CATL rose one place compared to 2023, and its automotive business revenue increased by 23.5% year-on-year to US$41.365 billion;
3. Desay SV and Ningbo Top rose 15 and 13 places respectively compared to 2023.
Situation of the top 100 companies building factories in China:
All the top 100 companies on the list have established relevant R&D centers, procurement centers or manufacturing plants in China. For the TOP50
enterprises, the relevant information is as follows:
1. All are built around automobile OEMs, covering Beijing-Tianjin-Hebei, the three northeastern provinces, the Yangtze River Delta, and the Pearl River Delta;
2. The Yangtze River Delta has the most regions, such as 25 in Shanghai, 12 in Beijing, 11 in Guangzhou, 8 in Chongqing, and 7 in Tianjin.
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