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Auto Parts Manufacturing Market to Expand Their Businesses With New Investments by 2021

Press Release   •   Feb 22, 2017 00:35 EST

Obsolescence is one of the major restraints for the auto parts manufacturing industry which regularly affects auto parts production as with the change in technology the parts manufactured with existing technology finds less usage. For instance, the move into non petrol fueled vehicles has affected the petrol based auto parts to a great extent. On a smaller scale, auto parts manufacturing is also affected in terms of design, wherein new models and vehicle architecture progressively change the industry's requirements.

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Cost of production is one of the important factors for the profitability of auto parts manufacturing market. Cost of labor plays an important in the profitability of auto parts manufacturing firms and it proves to be substantially beneficial for the company to operate manufacturing facilities at locations where labors are cheaper. The auto manufacturing industry is highly involved in the research and development (R&D) activities, however the big firms have large R&D benefits over the smaller one due to advantage of capital access with the former. Relationship with OEMs is one of the important factors for the sales in the auto parts manufacturing market as the market is flooded with a large number of players.

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Global auto parts market is consolidated where few big companies control most of the market share. The key companies in the auto parts manufacturing market include Robert Bosch GmbH, Denso Corporation, Continental AG, Magna International Inc., Aisin Seiki Co., Johnson Controls Inc., Faurecia and Hyundai Mobis. The majority of companies in auto parts manufacturing market belong to Germany, Japan and the U.S.

Key geographies evaluated in this report are:

  • North America
    • U.S
    • Canada
  • Europe
    • France, Germany, Italy, Spain, and the UK
    • Eastern Europe
    • CIS
  • APAC
    • China
    • India
    • Japan
    • Australia
    • Others
  • Latin America
    • Argentina
    • Brazil
    • Others

Key features of this report

  • Drivers, restraints, and challenges shaping the Auto Parts Manufacturing market dynamics
  • Latest innovations and key events in the industry
  • Analysis of business strategies of the top players
  • Auto Parts Manufacturing market estimates and forecasts(2015 -2021)

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