Auto Parts Manufacturing in the US
The Auto Parts Manufacturing industry has grown over the past five years, as automakers, the industry's largest customers, have benefited from rising sales. Higher consumer confidence and increased disposable income have led to increased car sales. Stronger new car demand triggered increased production from vehicle manufacturers, which supported revenue growth for auto parts manufacturing plants. However, demand has fallen in recent years as previously pent-up demand was satiated. As a result, industry revenue is only expected to increase marginally over the five years to 2018. The recent declines in domestic demand are expected to subside, and the value of the dollar is expected to decline slightly, which should enable revenue growth over the five years to 2023.
Companies in this industry manufacture and rebuild a variety of motor vehicle parts and accessories. These parts include airbags, air-conditioners, catalytic converters, exhaust systems, mufflers and resonators, radiators, radiator cores and wheels. Engines, tires, brakes, steering systems, interiors, suspensions, transmissions and automotive electronics are not counted in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.