Overseas threat: Import competition harms domestic sales
Part manufacturers mainly produce low-value vehicle parts that can be made more cheaply in other countries, negatively affecting the industry's performance. Intense import competition and a lack of investment in the Irish automotive sector have also weighed on revenue. Large companies like Autolaunch and Magna have developed key export markets by innovating products for use in the production of modern vehicles. Revenue is forecast to tumble at a compound annual rate of 10.1% to €295 million over the five years through 2023, including revenue decline of 6.1% in 2023.
Companies in this industry manufacture car parts (e.g. electric equipment, seats and accessories) for motor vehicle manufacturers and automotive markets.
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.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Magna International Autolaunch Ireland Ltd
- Connaught Electronics Ltd
- MCi (Mirror Controls International) Ireland Ltd
Methodology
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