Major listed companies in the automotive testing industry: ANCI (300572), HUAMEI (300012), XIAYANG (831228), CHINA AUTOMOBILE RESEARCH (601965)

The core data of this article: number of automotive testing stations, automobile ownership, market size

1, China's automotive testing industry in the intelligent and networked start

Motor vehicle testing industry has four stages of development: manual stage, automation stage, intelligent and networked stage and the Internet of Things and big data stage. China due to the late start of technological development, industry development is still in the third stage. Developed countries are in the third stage, and gradually evolve to the fourth stage (Internet of Things and Big Data). The overall level of motor vehicle testing technology in China is in the third stage of industry development (intelligent and networked stage) of the beginning of the period.

Currently, the gap between China and developed countries is mainly reflected in: the control accuracy of the detection system, the accuracy of data collection and analysis, management system and measurement system efficiency, the degree of automation and intelligence of the detection process, the level of production technology of the equipment, etc. need to be improved; networking supervision system coverage is narrow, networking supervision and management mode is only part of the provincial administrative regions and developed cities run. In the face of these gaps, China needs to continue to develop the Internet of Things and big data technology, the Internet of Things and big data technology and automotive inspection system organically integrated together. In addition, the level of inspection technology and the competence level of inspectors still need to be strengthened, and inspection standards and policies need to be further optimized.

2, automobile ownership increases year by year, automobile testing station overload

In recent years, thanks to the rapid development of the economy, the residents of the disposable income of the enhancement of national policy to promote factors such as 2011-2020, China's automobile ownership is a year-on-year trend of incremental increase. By the end of 2020, the national car ownership reached 281 million. Reflecting this, the market space of China's automobile testing has gradually become larger.

The increase in China's automobile ownership to the already small base of automobile testing stations increased the workload, in 2011 China **** there are more than 6224 testing stations, of which there are about 3,024 security agencies, more than 1,200 environmental agencies and more than 2,000 comprehensive inspection agencies. 2019-2020 China has about 13,000 testing stations in 2019, compared with the growth of 2011, a 3-fold increase , and with a car ownership of 260 million, the number of inspection stations corresponding to each 10,000 vehicles is 0.50. At present, Japan, the United States and Europe per 10,000 cars have the number of testing stations were 3.51, 2.5 and 2 respectively.

The growth in the number of testing stations is not significant, and the original only one type of testing organizations are gradually expanding into a variety of testing parallel testing stations, coupled with the amount of testing stations per 10,000 vehicles in the country is much lower than the amount of foreign countries, the workload is higher.

3, the policy is expected to promote the industry market size of 90 billion yuan

China's automobile testing is mainly divided into mandatory vehicle inspection and non-mandatory vehicle inspection. Due to the strictness of the law and the public's attention to the degree of automotive testing is still in the ascending stage, resulting in a mandatory car inspection of the market size is greater than the non-mandatory car inspection; however, with the expansion of China's second-hand car market and the consumer's perception of the perfect car safety, the growth rate of China's non-mandatory car inspection of the market size will be increased. The new car offline market is also expanding with the increase in the number of new cars coming online each year.

Measurement of the automobile inspection market size is mainly composed of three categories: mandatory car inspection market size, non-mandatory car inspection market size and new car inspection market size; which mandatory car inspection market size of the measurement logic is: according to the state of the number of different vehicle inspection regulations and different models of car ownership and testing average price for the calculation; non-mandatory car inspection market size of the second-hand car accounted for the largest, so according to the ownership of second-hand cars and the average price of testing. The largest, so according to the ownership of used cars and the cost of different models of used car testing is measured; finally, the new car inspection market size is based on the production of new cars and the average price of new car testing market size of the results of the calculation; the three parts of the sum of the entire automotive inspection industry market size.

In 2017-2020, the market size of China's automotive testing industry increased year by year, from 37.599 billion yuan in 2017 to 54.042 billion yuan in 2020, with a compound annual growth rate of 12.85%.

From National V to National VI, resulting in a significant increase in testing costs. This is because "National 6a" will be implemented on July 1, 2020, while "National 6b", which is more stringent than "National 6a", will be implemented on July 1, 2023, compared with "National 5". "National Five" emission standards are substantially tighter, so "National Six" calibration costs compared to "National Five" also have a significant increase in the overall, from National Five to National Six, passenger car Overall, from National 5 to National 6, the cost for passenger cars will increase by about 50%, and the testing cost for commercial vehicles will increase by 30%.

From the point of view of the growth of China's car ownership, China's auto testing market space, environmental protection policies and the public's awareness of road safety increased for China's mandatory automotive testing industry provides a huge opportunity, as well as the development of the used car market greatly lack of China's non-compulsory car inspection market development potential; coupled with the development of the Internet of Cars on the automotive testing industry's role in promoting vigorously! ; this brings more opportunities to the automotive inspection industry. The trend of new cars is also favorable, and the number of new cars per year shows a rising trend. It is expected that the market size of China's automotive testing industry will continue to expand in the future, and will reach 90 billion yuan by 2026.