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Automobile Parts Manufacturing in the U.S. Product Image

Automobile Parts Manufacturing in the U.S.

  • ID: 1052618
  • October 2014
  • Region: United States
  • 10 pages
  • First Research

Brief Excerpt from Industry Overview Chapter:

Companies in this industry manufacture automobile parts, including transmission and power train components, engines and engine parts, body parts and trim, electronics, braking systems, and steering and suspension components. Major companies include BorgWarner, Dana, Lear, Tenneco, TRW Automotive, Visteon, and the automotive division of Johnson Controls (all based in in the US), along with Robert Bosch and Continental (Germany); Delphi Automotive PLC (UK), DENSO and Aisin Seiki (Japan); Faurecia (France); and Magna International (Canada).

Economic expansion in emerging markets is expected to drive healthy growth in the auto manufacturing sector over the next several years, which should bolster demand for auto parts.

The US auto parts manufacturing industry consists of about 4,400 companies with combined annual revenue of about $214 billion.

COMPETITIVE LANDSCAPE

Demand for auto parts is driven by new car sales, which are strongly affected by interest rates, and by the replacement market. Company profitability depends partly on the difficulty of manufacturing products and partly on demand volume, since many costs are fixed. Small companies can compete successfully by focusing on a small number of products or some highly technical ones. The US industry is concentrated: the 50 largest companies account for more than half of industry revenue.

The structure of the industry is complex. Most smaller companies (referred to as tier 2 and tier 3 suppliers) sell parts to larger suppliers (referred to as tier 1 suppliers), which in turn sell component assemblies or modules to car...

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Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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