High gear: Industry operators will benefit from an improving economic climate

The Auto Parts Manufacturing industry has grown over the past five years, 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. Stronger new car demand triggered increased production from vehicle manufacturers, which supported revenue growth for auto parts manufacturing plants. However, demand has fallen in recent years as previously pent-up demand was satiated. As a result, industry revenue is only expected to increase marginally over the five years to 2018. The recent declines in domestic demand are expected to subside, and the value of the dollar is expected to decline slightly, which should enable revenue growth over the five years to 2023...purchase to read more.

Industry Statistics & Market Size
Revenue
$70bn
Annual Growth 13-18
1.7%
Forecast Growth 18-23
Profit
Employment
147,188
Businesses
1,310
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • As the recent decline in domestic demand subsides and dollar depreciates slightly, revenue will likely increase
  • Most major auto parts manufacturing companies are affiliated with large-scale automakers
  • Auto parts manufacturers are expected to benefit from an improving economic climate
  • Industry Report - Industry Key Buyers Chapter

    Concentration in the industry is low. Small to medium-size specialized manufacturers account for the majority of revenue, while the top four companies by revenue control an expected 12.6% of the market in 2018. From 2013 to 2018, many of the largest integrated auto parts manufacturers have sold off noncore businesses, which usually include this industry's products. This trend reflects a general decline in domestic automotive manufacturing over the past decade, which has caused the industry to become more fragmented. Pressures toward high-volume, low per-unit-cost production have driven consolidation over the five years to 2018 consequently increasing market share concentration in other auto manufacturing industries. How...purchase to read more.

    Additional Insights for the Auto Parts Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Parts Manufacturing 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 Demand from car and automobile manufacturing in the Auto Parts Manufacturing industry impact industry performance..

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    What's in this report

    What is the Auto Parts Manufacturing 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 counted in the industry.

    Industry Products
  • HVAC systems
  • Filters and fuel tanks
  • Exhaust systems
  • New wheels
  • Airbag systems
  • Auto body parts
  • Other auto parts
  • Industry Activities
  • Manufacturing airbag assemblies
  • Manufacturing motor vehicle air-conditioners
  • Manufacturing catalytic converters and engine exhausts
  • 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
  • Demand from car and automobile manufacturing
  • Trade-weighted index
  • Oil and natural gas price index

  • Current Performance
  • Product portfolio
  • International competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry landscape
  • Globalization
  • Table: Auto Parts Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Parts Manufacturing 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
  • Airbag systems
  • Exhaust systems
  • HVAC systems
  • Other auto parts
  • Filters and fuel tanks
  • New wheels
  • Auto body parts
  • Chart: Auto Parts Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other automakers
  • Exports
  • General Motors
  • Ford
  • Toyota
  • FCA
  • Other manufacturers
  • Aftermarket
  • Chart: Major Market Segmentation for the Auto Parts Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Auto Parts Manufacturing

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

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Parts Manufacturing 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 Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • New Car Sales (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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?

    The Auto Parts Manufacturing industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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