Slow rolling: While demand from retailers will likely increase, dcreased demand from automakers will drag revenue

The Auto Parts Manufacturing industry in Illinois is subject to the same set of demand factors as the national counterpart. Demand from key downstream markets is expected to improve, which has driven the revenue growth for the Illinois industry. Despite revenue growth, the industry in Illinois has gradually consolidated toward major players and exhibits high market share concentration. Additionally, the mix of products made in the state tends to generate lower profit margins than the national product set, weighing on industry profitability. Over the next five years, IBISWorld forecasts industry revenue to decline. At the national level, an expected decline in new car sales should reduce demand from automakers and drag on industry revenue...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
1.7%
Forecast Growth 17-22
Profit
Employment
5,203
Businesses
54

Industry Threats & Opportunities

  • Low interest rates and increased income levels have supported growth in new car sales, increasing industry demand
  • The industry is exposed to a high degree of risk from individual companies
  • Automakers are the primary destination for industry products
  • Industry Report - Industry Key Buyers Chapter

    Concentration in the Auto Parts Manufacturing industry in Illinois is high. Unlike the US industry, where industry concentration is diluted by a large set of multinational companies, the Illinois industry only has a substantial presence from a few large companies. The largest operator in the industry is Illinois Tool Works, which is headquartered in Glenview, IL. The second largest operator in the state is UCI International LLC, which recently emerged from Chapter 11 bankruptcy proceedings. This acted to reduce industry concentration, but it remains high nonetheless. Overall, the top for operators in the state are expected to account for 68.2% of total revenue. This is in sharp contrast to the US industry, which has a low market share concentration. Maj...purchase to read more.

    Additional Insights for the Auto Parts Manufacturing in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Parts Manufacturing in Illinois Industry are

  • Access to the latest available and most efficient technology and techniques
  • Effective cost controls
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as New car sales and Average age of vehicle fleet in the Auto Parts Manufacturing in Illinois industry impact industry performance..

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    What's in this report

    What is the Auto Parts Manufacturing in Illinois Industry?

    Companies in this industry manufacture and rebuild a variety of 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.

    Industry Products
  • Filters and fuel tanks
  • Motor vehicle air-conditioning systems
  • Automotive body parts
  • Radiators
  • Industry Activities
  • Manufacturing airbag assemblies
  • Manufacturing motor vehicle air-conditioners
  • Manufacturing catalytic converters and engine exhaust
  • Manufacturing mufflers and resonators
  • Manufacturing radiators and cores
  • Manufacturing wheels (rims)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • New car sales
  • Average age of vehicle fleet
  • Demand from car and automobile manufacturing
  • Trade-weighted index
  • Total vehicle miles in Illinois

  • Current Performance
  • The state of Illinois
  • Industry composition
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream demand
  • Automotive sector trends
  • Table: Auto Parts Manufacturing in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Parts Manufacturing in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Truck & Bus Manufacturing
  • Auto Parts Wholesaling

  • Key Selling Industries
  • Aluminum Manufacturing
  • Inorganic Chemical Manufacturing
  • Iron & Steel Manufacturing
  • Paint Manufacturing
  • Screw, Nut & Bolt Manufacturing
  • Textile Mills

  • Products & Services
  • Other
  • Motor vehicle air-conditioning systems
  • Filters and fuel tanks
  • Automotive body parts
  • Radiators
  • Chart: Auto Parts Manufacturing in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Original Equipment Manufacturers
  • Aftermarket retail
  • Aftermarket wholesale
  • Other
  • Chart: Major Market Segmentation for the Auto Parts Manufacturing in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Auto Parts Manufacturing in Illinois

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auto Parts Manufacturing in Illinois Industry

  • Illinois Tool Works Inc., UCI International LLC, Advanced Filtration Systems Inc., Grupo Antolin-Irausa SA,
  • Table: Illinois Tool Works Inc. - financial performance
  • Table: UCI International LLC - financial performance
  • Table: Advanced Filtration Systems Inc. - financial performance
  • Table: Grupo Antolin-Irausa SA - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Parts Manufacturing in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Auto Parts Manufacturing in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • New Car Sales (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Big Three
  • Another name for the top US automotive companies, which are General Motors, Ford and Chrysler.
  • Original Equipment Manufacturer (Oem)
  • A company that manufactures products or components that are purchased by a company and retailed under the purchasing company's brand name.
  • Scrappage Rates
  • The rate at which used vehicles are retired from active use.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Auto Parts Manufacturing in Illinois is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Auto Parts Manufacturing in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Auto Parts Manufacturing in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Auto Parts Manufacturing in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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