Automobile Parts Manufacturing
Brief Excerpt from Industry Overview Chapter:
Companies in this industry manufacture automobile parts, including transmission and power train components, engines and engine parts, body parts and trim, electronics, braking systems, and steering and suspension components. Major companies include American Axle & Manufacturing, BorgWarner, Dana, Lear, and Tenneco (all based in in the US), along with Adient (Ireland), Robert Bosch and ZF Friedrichshafen (Germany); Aptiv (UK), DENSO and Aisin Seiki (Japan); Faurecia (France); and Magna International (Canada).
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.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major product categories for the US industry are transmission and power train components, engines and engine parts, and metal stamping of body parts and trim, each of which accounts for about 15% of industry revenue. Other products include electrical and electronic equipment (10%); seating and interior trim (10%); brake systems (5%); and steering and suspension components (5%), as well as air conditioning systems and carburetors, pistons, and valves. Parts manufacturing plants are often located close to the assembly...
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