Global Auto Parts & Accessories Manufacturing
Over the five years to 2017, the Global Auto Parts and Accessories Manufacturing industry is expected to benefit from improving global economic conditions. Per capita income levels have climbed across the globe and the burgeoning middle classes in emerging economies have looked to purchase their own cars. As demand for new automobiles has risen, original equipment manufacturers demanded more components from industry operators. A resurgence in demand for new automobiles has stimulated industry profit, as operators were able to increase factory capacity utilization. Continued improvement in economic conditions allowed consumers to release pent-up demand for cars, supporting demand for upstream supplies. Over the next five years, the industry will continue to grow as demand from emerging economies supports revenue growth. Conversely, demand from developed economies will likely be more subdued relative to their emerging market counterpart.
Companies in this industry manufacture motor vehicle parts and accessories other than engines, engines parts, batteries, tires, bodies and chassis. Motor vehicle assembling is not included in this industry. Manufacturers typically supply parts and accessories to original equipment manufacturers (OEM) for use in the manufacturing of complete motor vehicles or for replacement parts in OEM dealerships. They also supply parts to the aftermarket.
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.
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