2022全球汽车零部件供应商研究报告

GLOBALAUTOMOTIVESUPPLIERSTUDY2022 Theindustrywentintothethirdconsecutiveyearwithvolumesbelowpre-pandemiclevels–Automotivesuppliersattheedge? 精选汽车研报，入群免费分享 1.工作日群内免费分享多篇精选汽车行业资料，涵盖市场、技术、产业等多个维度； 2.海量资料库，及时满足群友专题资料搜寻需求； 3.严明群规，禁止广告，外链，禁止未沟通加好友，保护群友隐私； 4.车企高管，行业大咖都在参与的行业干货分享社群； 我们致力于构建优质、极致的汽车行业知识、情报及案例分享社群； 扫码关注！or微信搜索“3WAUTO”关注！ 回复关键词【进群】，加入3WAUTO汽车干货分享群 精选研报，均为网络收集版本，权利归原作者所有，3WAUTO仅作为内部学习分发。 Contents ABC COVID-19,SEMICONDUCTORSHORTAGES,ENERGYCRISISANDINFLATIONRISKSASOPERATIONALSHORT-TERMCHALLENGES StartingwiththeCOVID-19pandemic,theautomotiveindustryisgoingintothethirdconsecutivecrisisyearwithanaboveaveragefinancialburdenespeciallyfortraditionalautomotivesuppliers SUSTAINABILITY,NEWTECHNOLOGIESANDCHANGINGINDUSTRYDYNAMICSASMID-ANDLONG-TERMTASK Theshort-termimplicationshaveaddedchallengesontheautomotivesupplieragendabutnotchangedthelong-termtasksfrombefore–Impactonsuppliersvariesbasedontheirarchetype SUPPLIERCEOAGENDA–SETTINGTHEDIRECTIONFORLASTINGSUCCESS Mainlytraditionalsuppliersareunderpressure,butallplayersmustdefinetheirsetofstrategicactionstoensurefuturesuccessinavolatilemarketenvironment D YOURCONTACTSTODISCUSSTHEINSIGHTS RolandBergerandLazardAutomotiveteams Source:RolandBerger/Lazard2 Globalcrisishavebroughtgrowthtoahaltbutnotchangedtheoverarchingtechnologytrendsandthefuturechallengesforautomotivesuppliers Executivesummary 1 DuetoCovid-19,semi-conductorandraw-materialshortages,UkrainewarandCovid-19relapsesinChinain2022,globalautomotiveproductionvolumeswillreachpre-crisislevelsonlyinthemid-term 2 Althoughthegrowthoftheglobalautomotivesuppliermarketshascometoahalt,averagesuppliermarginscamebackto2019levelsin2021. However,marginpressurefromcostinflationexpectedtofurtherincrease 3 Profitsareallocatedacrossthesupplierlandscapeveryselectively.Whilemosttraditionalautomotivesuppliershavedifficulties,manyelectronics,softwareandaftermarketplayersarerealizingaboveaveragemargins 4 Overall,theuncertaintyaboutthedevelopmentinthenear-tomid-termfuturehasneverbeenashighastoday–Fromaglobalrecessionoracollapsingofchipsupplieswithfurthervolumedeclinestoasteadyvolumerecoveryeverythingispossible 5Onthebackofsubstantiallyrisinginterestrates,financingwillbecomemuchmorechallengingforautomotivesuppliers 6 Thecrisesin2020-2022havepushedgeneralautomotivetrendsintothebackground.Nevertheless,digitalization,automateddriving,powertrainelectrificationorachangingE/Earchitecturearethetopchallengesforautomotivesuppliersinthemid-term 7 Priceinflation,volatileproductionvolumesandunevenlydistributedprofitlevelsindicate,thatthegeneralmarketdynamicsneedstochange.WhileOEMsareincreasinglywillingtoshareprofits,suppliersareexpectedtoprovidegreatertransparency 8 Globalpandemicsandgeopoliticalconflictsdrivethenecessitytode-globalizesupplierfootprintsandtheinterconnectedsupplychainsto increasecrisisresilienceinthefuture Source:RolandBerger3 4 A. COVID-19,SemiconductorcrisisandUkraine warasoperationalshort-termchallenges Theautomotivesupplierindustryisfacinganotherdifficultyearwithvolatilevolumesandhighuncertainty TheanticipatedvolumerecoveryafterCOVID-19andthesemiconductorcrisisin2021failedtomaterialize.Instead,thewarinUkraineandCOVID-19relapsesinChinaputongoingburdensonthemarket Nevertheless,somesupplierse.g.,aftermarketplayers,electronicssuppliersorprocessdrivenspecialistsfromAsia,couldoutperformthemarketspushingtheoverallindustrytoaweightedaveragemarginof5.3%in2021 Fromanoverallperspective,short-noticevolumevolatilitiesarechallengingforautomotivesuppliersmakingefficientshop-flooroperationsandtheuseofcost-reductionlevers,suchasshort-timeworkorsupply-chainmanagement,difficult Withanincreasingfearofrecession,thefurtherdevelopmentoftheindustrydependsespeciallyontheinflationmonetarypoliciesaswellasthecostandsecurityofsupplyofenergythroughoutWesternEurope 5 Source:RolandBerger/Lazard Theautomotivebusinessbecomesmoreandmorevolatilewithoperationalandstrategicchallengesalternating Economiccyclesoftheautomotiveindustry[productionvolume,#m] 74.3 76.9 81.5 84.7 87.4 88.8 93.1 95.1 94.2 89.0 77.2 81.6 85.9 89.2 91.3 92.293.3 94.9 56.4 54.657.1 58.6 61.6 64.2 66.8 70.667.6 59.5 74.6 Directionunclear Dot-combubble Telematicstrend,BRICcountries&low-costcar Globaleconomic&financialcrisis GrowthinChina Dieselgate COVID- 19crisis Chipshortage,rawmaterialcrisis&warinUkraine 2000 2001 20022003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022e2023e2024e2025e2026e2027e2028e StrategicchallengesOperationalchallenges Source:IHSLVProductionReport,RolandBerger/Lazard6 Suppliershavemanydifferentchallengeswhichimpactdailybusinessandrequirealotofmanagementattention SupplierCEOradarscreen–Shorttermimplications Competition End Vehiclemanufacturers Reduced Pricetransparency Underutilizedcapacities Logisticsefficiency Publicsustainabilitypush Legislation customers Fuel ICEshare ImportanceofSoftwareand Supplychain resilience Relevanceof Diversity Supplychain traceability Alternative Rawmaterial andlabor efficiency Electron