Auto Parts Manufacturing in the US - Industry Market Research Report

March 2019 •
41 pages •
Report ID: 500691 •
Format: PDF

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Riding along: Industry operators will benefit from an improving economic climate

Abstract

Auto Parts Manufacturing in the US
The Auto Parts Manufacturing industry has grown over the five years to 2019 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. Furthermore, stronger demand for new cars triggered increased production from vehicle manufacturers, which supported revenue growth for auto parts manufacturing plants. However, recent declines in vehicle production have limited industry revenue throughout the period. Overall, industry revenue is expected to increase over the five years to 2019. Over the five years to 2024, industry revenue is expected to continue rising as a result of the value of the US dollar declining further and US companies expanding their domestic capacity.

Companies in this industry manufacture and rebuild various 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 included 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.

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