China's contribution to global Petrol Car parts turnover increased sharply from 24.2% in 2011 to 34.8% in 2016, mainly due to China's growing importance as one of the world's new Petrol Car manufacturing centers, and China's local Petrol Car brands Development was rapid during this period. In 2015, other developed countries followed closely behind in terms of Petrol Car parts turnover. China is expected to account for 38.8% of global Petrol Car parts turnover in 2017.
There are two main procurement models for Petrol Car parts, one is procurement led by Petrol Car manufacturers, and the other is procurement led by first-tier suppliers. Each mode is mainly based on the importance of Geely Car parts.
As a result, the export volume of Petrol Car parts has steadily increased from US$52.2 billion in 2011 to US$62.3 billion of Petrol Car parts in 2016, with a compound annual growth rate of 4.5%. At the same time, import volume during the same period maintained steady growth at a compound annual growth rate of 1.1%. Imported Petrol Car parts mainly include high-tech-intensive parts such as engine systems and automatic transmissions.
As far as the general procurement process of Petrol Car parts is concerned, the key players include mold designers/suppliers. Injection molding companies and general plating suppliers. Petrol Car manufacturers and/or Tier 1 suppliers generally contact suppliers in sequence, first contacting the mold designer and supplier responsible for tooling procedures, then contacting the injection molding company responsible for injection molding, and then contacting the coating, spraying, tear engraving and General plating supplier for assembly.