Development prospect of powder metallurgy in automobile industry

Development prospect of powder metallurgy in automobile industry

Globally, the largest sales market for powder metallurgy parts is the automobile industry, which has the highest requirements for technology and quality of powder metallurgy parts. According to statistics, in Europe, Japan and other industrial developed countries, the demand of the automobile industry for powder metallurgy parts accounts for about 90% of the powder metallurgy market, and that of North America accounts for more than 80% of the powder metallurgy market. From the perspective of China's powder metallurgy parts industry, the main market of the powder metallurgy parts industry has gradually evolved from the refrigerator compressor industry, the air conditioning compressor industry, and the motorcycle industry to the automobile industry.

Spatial sensitivity analysis of China's powder metallurgy parts market in 2020

Data source: public data sorting

At present, there are more than 400 kinds of P/M parts used for automobiles in the world, and the proportion of automobile industry in the P/M market is increasing year by year. However, at present, the average consumption of powder metallurgy products per vehicle in China is only about 5Kg, far lower than 14Kg in Europe and 19.5Kg in the United States In addition, in 2016, the proportion of domestic automobile P/M products in total P/M products increased to about 60%, but it is still far lower than 80% in developed countries.

China's market space in the automotive field still needs to be developed. The powder metallurgy products used in automobiles are products with very high scientific and technological content, which can reduce the weight of automobiles and reduce manufacturing costs, and have the function of optimizing the production process of automobile industrial products and improving the competitiveness of the automobile industry.

Powder metallurgy is mainly used in engine and gearbox of automobile. Among them, VVT parts, variable displacement pump, brake vacuum booster pump parts, the three major categories of energy-saving and emission reduction auto parts have been developed and applied in large quantities.

VVT parts, camshafts, pressure reducing valves, etc. produced by Jingshi have been exported overseas. In the future, Jingshi will continue to research and develop more parts suitable for powder metallurgy technology, expand the international market, and help the arrival of the "China Industry 4.0 Era"