Automobile Parts Manufacturing Industry Profile

View Full Sample Add To Cart

Excerpt from Automobile Parts Manufacturing Industry Profile

Companies in this industry manufacture automobile parts, including transmission and power train components, engines and engine parts, body parts and trim, electronics, braking systems, steering and suspension components, as well as motor vehicle seating. Major companies include Adient, American Axle & Manufacturing (AAM), BorgWarner, Dana, Lear, and Tenneco (all based in the US); along with Aisin Corporation and DENSO (Japan); Aptiv (Ireland); Bosch and ZF Group (Germany); Faurecia (France); and Magna International (Canada).

Economic expansion in emerging markets worldwide is expected to drive healthy growth in the auto manufacturing sector over the next several years, which should bolster demand for auto parts.

The US auto parts manufacturing industry consists of about 4,000 companies with combined annual revenue of about $300 billion.

COMPETITIVE LANDSCAPE

As the automotive industry adapts to a future that includes electric drivetrains, autonomous technology, connectivity, and mobility options outside traditional car ownership, suppliers must evolve to meet these new challenges. Technology content is increasing its share of overall vehicle value, while hard auto parts are expected to become more commoditized. New industry entrants including tech firms and consumer electronics companies also present challenges to established suppliers. To remain competitive, automotive suppliers must develop fresh strategies that address this wide array of emerging challenges and opportunities.

Demand for auto parts is driven by new car sales, which are strongly affected by interest rates, and by the replacement market. Company profitability depends ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu
Add To Cart

Focus Profiles

Complement this Industry Profile by purchasing a Focus Profile. Automobile Parts Manufacturing has one Focus Profiles that can help you better understand this industry:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options