1. Market Polarization
• The high-end markets in Europe and the US focus on off-road machinery, power generation, and other fields, emphasizing reliability and compliance.
• Emerging markets are still in their peak construction phase, favoring cost-effective power solutions from companies like Yuchai and Cummins.
2. Challenges in the Post-Emission Standards Era
• China VI/Euro VI standards drive technological integration (EGR+DPF+SCR), increasing the value of electronic control fuel systems (such as Bosch common rail) and after-treatment components.
• Increased repair complexity leads to higher demand for genuine parts such as sensors and injectors.
3. Accelerated Supply Chain Localization
• Key components such as Honeywell turbochargers and Bosch fuel systems are strengthening local production.
• Remanufacturing (such as cylinder heads and turbochargers) is becoming an important direction for ensuring supply and reducing costs.
