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Motor Vehicle Parts & Accessories Manufacturing in Finland - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

FI-C293 August 2024 Factsheet

Revenue

€277.8m

2019-2024 2.1 %
2024-2029 X.X %

Employees

1,343

2019-2024 5.1 %
2024-2029 X.X %

Businesses

99

2019-2024 1.0 %
2024-2029 X.X %

Wages

€XX.Xm

2019-2024 X.X %
2024-2029 X.X %

Motor Vehicle Parts & Accessories Manufacturing in Finland market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Finland compared to Europe?

Country Benchmarking

Industry Data Finland

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#26 In Europe
Business
#20 In Europe
Employees
#29 In Europe
Wages
#26 In Europe

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European car parts production heavily relies on car production volumes and orders from the aftermarket, including retailers and wholesalers. The level of car production across Europe dictates orders for car parts because of the presence of giants like Volkswagen, BMW, Mercedes Benz and Jaguar Land Rover. Motor Vehicle Parts and Accessories Manufacturing revenue in Europe has been dropping at a compound annual rate of 4% to €359.4 billion over the five years through 2024, including a projected revenue drop of 2.1% in 2024.

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Enterprises
Number of businesses in 2024

Biggest companies in the Motor Vehicle Parts & Accessories Manufacturing in Finland

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Robert Bosch GmbH
91,104.3
3,687.8
4.0

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Top Questions Answered in this Report

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What is the market size of the Motor Vehicle Parts & Accessories Manufacturing industry in Finland in 2024?

The market size of the Motor Vehicle Parts & Accessories Manufacturing industry in Finland is €277.8m in 2024.

How many businesses are there in the Motor Vehicle Parts & Accessories Manufacturing in Finland industry in 2024?

There are 99 businesses in the Motor Vehicle Parts & Accessories Manufacturing industry in Finland, which has grown at a CAGR of 1.0 % between 2019 and 2024.

Has the Motor Vehicle Parts & Accessories Manufacturing industry in Finland grown or declined over the past 5 years?

The market size of the Motor Vehicle Parts & Accessories Manufacturing industry in Finland has been declining at a CAGR of 2.1 % between 2019 and 2024.

What is the forecast growth of the Motor Vehicle Parts & Accessories Manufacturing industry in Finland over the next 5 years?

Over the next five years, the Motor Vehicle Parts & Accessories Manufacturing industry in Finland is expected to grow.

What are the biggest companies in the Motor Vehicle Parts & Accessories Manufacturing market in Finland?

The biggest company operating in the Motor Vehicle Parts & Accessories Manufacturing market in Finland is Robert Bosch GmbH

What does the Motor Vehicle Parts & Accessories Manufacturing in Finland include?

Airbags, seats, seatbelts, parts and accessories of bodies and Electrical and electronic equipment are part of the Motor Vehicle Parts & Accessories Manufacturing industry.

Which companies have the highest market share in the Motor Vehicle Parts & Accessories Manufacturing in Finland?

The company holding the most market share in Finland is Robert Bosch GmbH.

How competitive is the Motor Vehicle Parts & Accessories Manufacturing industry in Finland?

The level of competition is moderate and steady in the Motor Vehicle Parts & Accessories Manufacturing industry in Finland.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Businesses manufacture parts and accessories for use in motor vehicles. This includes brakes, gearboxes, electrical, electronic components, seats, clutches, parts and accessories of motor vehicle bodies. Manufacturing of tyres and motor vehicle engines are excluded.

Related Terms

Electric VehicleAftermarketBrakesOriginal Equipment Manufacturer

What's included in this industry?

Airbags, seats, seatbelts, parts and accessories of bodies Electrical and electronic equipment Wheels, radiators, silencers and clutches Gearboxes and gearbox parts Bumpers, brakes, and servo-brakes and drive axels Other parts and accessories

Companies

Robert Bosch GmbH

Industry Code

ISIC 2006

293 - Manufacture of parts and accessories for motor vehicles in Finland

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Motor Vehicle Parts & Accessories Manufacturing in Finland industry?


Outlook

Analysis

What's driving the Motor Vehicle Parts & Accessories Manufacturing in Finland industry outlook?


Volatility

Analysis

What influences volatility in the Motor Vehicle Parts & Accessories Manufacturing in Finland industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Motor Vehicle Parts & Accessories Manufacturing in Finland industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Electronic components increasingly dominate the changing automotive sector. Electronic components are becoming increasingly crucial in the European market as the production of electric vehicles overtakes petrol and diesel vehicles.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Motor Vehicle Parts & Accessories Manufacturing in Finland industry's products and services performing?

Analysis

What are innovations in the Motor Vehicle Parts & Accessories Manufacturing in Finland industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Motor Vehicle Parts & Accessories Manufacturing in Finland industry?


International Trade

Highlights

  • Total Imports into Finland
  • Total Exports into Finland
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Many car parts producers in the continent mean low concentration. There are many car parts producers in Europe, with no single manufacturer able to influence prices. Robert Bosch GmbH holds a significant market share due to long-term supplier contracts with manufacturers.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Motor Vehicle Parts & Accessories Manufacturing in Finland located?

Companies

Data Tables

Top 1 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

EU laws give European manufacturers the edge over imports. EU suppliers benefit from standardisation laws for most motor vehicles because they operate in a huge market, with all new cars from 2024 required to have Intelligent Speed Assistant installed.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Motor Vehicle Parts & Accessories Manufacturing in Finland industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Rising bargaining power from manufacturers damages profitability. Car assemblers have significant bargaining power, reducing prices for car parts suppliers.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Motor Vehicle Parts & Accessories Manufacturing in Finland industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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