Since China's accession to the WTO, the export varieties and amounts of China's stamped and stretched parts have continued to grow. According to data analyzed by Gasgoing Automotive Research Institute, the stamping parts procurement project in the first quarter of 2009 increased more than three times compared with the same period of last year.
The global financial crisis that broke out after September 2008 has intensified the pace of adjustment of China's stamping parts industry. The export market has partially shrunk. Domestic OEMs have formulated production reduction plans, which has hindered the export and domestic sales of stamping parts enterprises in the short term. However, the Gesta Automotive Research Institute found that more than 50 stamping companies found that 52% of the companies said that the financial crisis did not have a profound impact on the company's business (including exports, domestic sales); 46% of companies said they will work hard Develop new products, improve technical content, improve product quality and other hard work to withstand the financial crisis, meet new challenges, and seize historic opportunities. (Introduction: Hardware Pneumatic Tools Industry Competitive brand and quality are key)
According to the analysis of the Geshi Automobile Research Institute, the financial crisis has prompted emerging market buyers to show growth momentum in China. In the global development of China's automotive stamping and drawing parts industry, the importance of emerging market countries has become increasingly prominent, including India, Brazil, Russia, etc. . In addition, for the enterprises that supply the joint venture main engine factory, after the crisis of the main engine factory was hit by the crisis, the domestic vehicle market showed a rising trend of business, so for those companies specializing in the international market. It is a wise move to properly adjust the market positioning and turn some of the business to the domestic market.