Motor Vehicle Gasoline Engine and Engine Parts Manufacturing in the US

Liability Steers Recent Performance

Suppliers are increasingly facing an inherent risk of exposure to product liability and warranty claims in the event that products fail to perform as expected and such failure of products results, or it is alleged to result in bodily injury and/or property damage. This was divulged by significant recalls in 2002, with some 2 million vehicles recalled by two different motor vehicle manufacturers. One recall closed a 20-month government investigation into the clockspring. Another defect could cause the driver to lose power steering when making left turns.

This industry comprises establishments primarily engaged in manufacturing and/or rebuilding motor vehicle steering mechanisms and suspension components (except springs). 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.