Although China's component suppliers are still at the bottom of the supply chain, with intensive labor and cheap cost as the main competitiveness, the Deloitte Touche Tohmatsu Global Manufacturing Group predicts that by 2020, Chinese auto parts suppliers will be strong. The rise, along with suppliers such as India's emerging markets, has completely changed the pattern of control of the automotive manufacturing industry among the top 15 suppliers in Western Europe, the United States, and Japan. "The economic downturn has shifted the balance of power to emerging markets. By 2020, there will be only a group of ten major equipment manufacturers in the world. They will account for 90% of global vehicle sales." Deloitte Global Manufacturing Group in its report "New Era" : Towards 2020 - The Transformation of the Automotive Industry. Dr. Hans, global head of the Deloitte Global Manufacturing Group, said: “The new competitive landscape is underway. The global economic environment and market dynamics will bring profound structural changes to the automotive industry. Both China and India will be strong opponents, with Western Europe, Japan, South Korea and the United States have jointly become the six major design and manufacturing centers for OEMs (auto parts manufacturers)." The Chinese auto market has surpassed the United States for several months in a row and has become the world’s largest consumer of automobiles. However, China's domestic auto manufacturers and parts suppliers still have big gaps with international giants. At present, Shanghai Auto, China’s largest auto group, has an annual sales volume of approximately 2 million vehicles, and this scale cannot yet reach the top ten globally. The total number of auto parts manufacturers in China is nearly 20,000, but according to statistics, there are only more than 6,000 enterprises with an annual output value of over 5 million yuan. "Domestic parts and components companies are not competitive in the field of cutting-edge technology, but only on low-value-added products can compete." Auto expert Zhong Shi said. Zhou Ruojun, deputy director of the Department of Mechanical and Electrical Industry of the Ministry of Commerce, pointed out in a meeting in September that the international financial crisis has severely shrunk the international auto market. Starting in August 2008, China’s auto vehicle exports have experienced a consecutive 12-month negative growth. According to data from the China Association of Automobile Manufacturers, China’s auto parts exports fell 40.3% year-on-year in the previous July. But Hong Ting'an, the head of the Deloitte China Manufacturing Group, believes that “China will become the world’s leading automobile producerâ€, but the precondition is that China must have a global leading auto giant to lay the foundation for the industry. "Detroit's influence is steadily declining and it has lost its global leadership. The major developments of most automakers will be concentrated in Asia and Europe, and this trend is expected to continue until 2015." The Deloitte report also believes that electric vehicles and other types of environmentally friendly vehicles will gain a third of the market share of developed markets in the next 10 years. In emerging markets, environmentally friendly vehicles will also have a one-fifth market share.
Advantages of Shensteel hydraulic cylinder seals
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1. Strong wear resistance: The sealing parts of the Shensteel hydraulic cylinder are made of high-quality materials, which have excellent wear resistance and can withstand high-speed friction and wear.
2. Good sealing performance: Shensteel hydraulic cylinder seals adopt advanced sealing technology, which can effectively prevent liquid leakage and ensure the normal operation of the system.
3. Strong high-temperature resistance: The sealing components of the Shensteel hydraulic cylinder can withstand use in high-temperature environments, are not prone to deformation and aging, and maintain long-term stability.
4. Good corrosion resistance: The sealing parts of the Shensteel hydraulic cylinder are made of corrosion-resistant materials, which can be used in harsh environments and are not easily corroded or damaged.
5. Long service life: Shensteel hydraulic cylinder seals have advantages such as high strength, high wear resistance, high pressure resistance, and high corrosion resistance, which can ensure long-term stable use and extend the service life of the equipment.