Fender bender: As new car sales decline, industry revenue is expected to decrease

The Automobile Engine and Parts Manufacturing industry in Ohio is expected to experience steady growth over the five years to 2018. During the five-year period, revenue is expected to expand at an annualized rate of 0.4% to $5.1 billion. The industry produces a wide variety of parts, from full new engines to individual fuel pumps and timing gears. However, fully produced new engines are expected to account for 77.0% of total industry revenue. Moreover, the overwhelming majority of industry demand is driven by vehicle manufacturers. Therefore, because demand for vehicle production is subject to not just national, but global factors, revenue growth for industry operators is not significantly driven by in-state variables...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
0.4%
Forecast Growth 18-23
Profit
Employment
5,468
Businesses
51

Industry Threats & Opportunities

  • Environmental concerns and improved technology have enabled operators to sell more advanced engines that garner a greater price
  • Industry Report - Industry Investment Chapter

    ***This section is not used for US State reports***...purchase to read more.

    Additional Insights for the Automobile Engine & Parts Manufacturing in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Automobile Engine & Parts Manufacturing in Ohio Industry are

  • Access to automated manufacturing technology
  • Ability to meet environmental regulations
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Average age of vehicle fleet and Number of businesses in Ohio in the Automobile Engine & Parts Manufacturing in Ohio industry impact industry performance..

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    What's in this report

    What is the Automobile Engine & Parts Manufacturing in Ohio Industry?

    Companies in this industry manufacture motor vehicle gasoline engines and related parts including valves, pistons, crankshafts, camshafts, fuel injectors and pumps. This industry does not include hybrid engines, electric vehicle (EV) motors or diesel engines.

    Industry Products
  • Fuel-injection systems
  • Fuel and water pumps
  • Camshafts, crankshafts, pistons, piston rings, valves and carburetor
  • Rebuilt gasoline engines
  • New gasoline engines
  • Industry Activities
  • Crankshaft
  • Camshaft
  • Fuel injection system
  • Carburetor
  • Piston and piston ring
  • Fuel pump
  • Timing gear and chain
  • Engine valve
  • Gasoline engine block and assembly
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Average age of vehicle fleet
  • Number of businesses in Ohio
  • New car sales
  • Trade-weighted index

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Automobile Engine & Parts Manufacturing in Ohio 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
  • Iron & Steel Manufacturing
  • Metal Stamping & Forging
  • Metalworking Machinery Manufacturing

  • Products & Services
  • New gasoline engines
  • Camshafts, crankshafts, pistons, piston rings, valves and carburetor
  • Other
  • Fuel-injection systems
  • Fuel and water pumps
  • Rebuilt gasoline engines
  • Chart: Automobile Engine & Parts Manufacturing in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Original equipment manufacturers
  • Aftermarket suppliers and engine rebuilds
  • Chart: Major Market Segmentation for the Automobile Engine & Parts Manufacturing in Ohio Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Automobile Engine & Parts Manufacturing in Ohio

  • Basis of Competition
    Barriers to Entry
    Ford Motor Company, Honda Motor Co. Ltd., MAHLE International GmbH, Wiseco Piston Company Inc.,
  • Table: Ford Motor Company - financial performance
  • Table: Honda Motor Co. Ltd. - financial performance
  • Table: MAHLE International GmbH - financial performance
  • Table: Wiseco Piston Company Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Automobile Engine & Parts Manufacturing in Ohio 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 Automobile Engine & Parts Manufacturing in Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (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
    Big Three
  • Another name for the top US automobile manufacturers, which are General Motors (GM), Ford and Chrysler.
  • Corporate Average Fuel Economy (Cafe)
  • US regulations intended to improve the average fuel economy of cars and light trucks.
  • Electric Vehicle
  • A plug-in vehicle that eschews gasoline in favor of an electric battery.
  • Hybrid
  • Any automobile that uses multiple power sources to power the drive-train. They are typically a gas-electric hybrids.
  • Oem
  • Original Equipment Manufacturer. Companies that use components produced by other manufacturers to fashion their final products.
  • Powertrain
  • Collectively, the engine, transmission and axle of an automobile. It describes the chain of components that transfers energy from the engine to the axle.
  • Turbocharger
  • Component attached to an engine that uses excess energy to force air into the engine chamber to improve ignition efficiency.
  • What Our Customers Say

    Why buy this report?

    The Automobile Engine & Parts Manufacturing in Ohio industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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
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    This report on Automobile Engine & Parts Manufacturing in Ohio:
    • 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 Automobile Engine & Parts Manufacturing in Ohio 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 Automobile Engine & Parts Manufacturing in Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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