Analysis of Current Situation of Automobile Lamp Industry
From a worldwide perspective, automobile lamp manufacturers are closely connected with vehicle manufacturers. Several large-scale automobile lamp manufacturers have a long history of development. With the development of automobile manufacturers, some automobile lamp manufacturers have close equity ties or other historical origins with automobile manufacturers. In recent years, with the deepening of economic globalization, the barriers to international trade and costs have been lowered, and foreign vehicle manufacturers have set up factories around the world. In order to improve competitiveness, automobile enterprises need to reduce procurement costs, so they increasingly tend to purchase parts locally. This has prompted major automobile lamp manufacturers around the world to follow vehicle manufacturers to establish production bases around the world.
From the perspective of the development history of China's automobile lamp industry, with the rise of China's automobile market, since the late 1980s, some foreign vehicle manufacturers have introduced their original vehicle lamp manufacturers to China, and set up joint ventures or wholly-owned automobile lamp manufacturers, mainly to provide light accessories for foreign vehicle manufacturers' joint vehicle manufacturers in China. For a long time, the production of passenger cars of joint venture vehicle manufacturers has accounted for a large share of China's total production of passenger cars. Joint venture vehicle manufacturers tend to choose foreign light manufacturers with long-term cooperation and leading technology as suppliers. Therefore, these foreign light manufacturers account for most of the market share of passenger cars (especially medium and high-end models).
In addition, domestic automobile lamp manufacturers started from providing supporting products for domestic automobile manufacturers. Through long-term unremitting efforts, on the one hand, they have improved their technical strength, on the other hand, they have made full use of local advantages and cost advantages, and achieved rapid development. At present, they have occupied the market share of most commercial vehicles and self owned brand passenger vehicles, A few light manufacturing enterprises represented by Xingyu gradually enter the light supporting market of joint venture vehicle manufacturers and compete with foreign light manufacturing enterprises. Although joint-venture lamp enterprises entered the joint-venture brand vehicle supplier system earlier, accounting for the vast majority of market shares, independent brands have entered the field of joint-venture brand vehicle supporting with their regional advantages, cost advantages, good service and other competitiveness. At the same time, the R&D capacity and production capacity of independent brands are also improving, and the gap with joint venture brands is gradually narrowing. With the increasingly clear localization procurement strategy oriented by cost and quality of joint venture vehicle manufacturers and the rapid rise of excellent local independent brand vehicle manufacturers, domestic vehicle lamp manufacturers with certain synchronous design and development capabilities show great development potential.