This report outlines many known elements and highlights tremendously important associations beyond the market space of manufacturing. This is expected to drive the growth of automotive aftermarket in the u. Free industry insights on the automotive parts industry. Global automotive aftermarket industry pr newswire.
This will continue to further liberalize the automotive aftermarket and increase competition in the parts and service. Auto care association is a coowner of the automotive aftermarket products expo aapex, the largest annual trade show for automotive aftermarket industry professionals. How the automobile differential allows a vehicle to turn a corner while keeping the wheels from skidding. We surveyed executives of european automotive manufacturers and conducted extensive interviews with industry experts from across the aftermarket spectrum. In response to shifting consumer preferences, the variety of products supplied by the automotive industry has increased dramatically. Best practices for aftermarket auto parts retailers. At the automotive aftermarket suppliers association aasa, we are equipped to help aftermarket suppliers drive their business forward through experience based on a legacy of supplier innovation industry analysis and strategic insights for business planning.
Automotive industry, all those companies and activities involved in the manufacture of motor vehicles, including most components, such as engines and bodies, but excluding tires, batteries, and fuel. Local vehicles production increased in 2010 by 34% over 2009. Automotive aftermarket size, share industry trends. In north america, on the other hand, strong presence of leading auto. In early february 2012, however, news reports showed the multibillion dollar u. United states china japan germany france india brazil russia source. S automotive parts industry has nearly doubled its exports.
Us automotive parts industry annual assessment pdf. Industrytrends despite strong new vehicle sales, the automotive aftermarket industry is poised for a positive future with steady growth. Our research identified trends that will shape competition in the coming years. We strive to provide individuals with disabilities equal access to our. The industrys principal products are passenger automobiles and light trucks. The auto industry and the environment and road safety.
Rapid expansion of etailing in the industry and its impact on distribution capacity, inventory and supply chain strategy is. Motor vehicle parts manufacturing, naics 336211 and 3363. Employment in the automotive industry the auto industry is a huge. Oe suppliers account for up to 75 percent of total production and the demand for oe parts is closely tied to demand for new vehicles. Yet, despite this competitive environment, since 2009 the u. Original equipment oe suppliers and aftermarket suppliers. Information technology in the automotive aftermarket when asked about breaches from external sources, 43% of respondents indicated they had a managed or optimized system to prevent breaches from external sources. Jun 25, 2019 in early february 2012, however, news reports showed the multibillion dollar u. Learning from past disruptions in other industries, we know that not having the requisite strategies to cope with these disruptions can lead to. Indian automotive industry including component manufacturing is expected to reach inr1618 trillion usd251283.
The history of robotics in the automotive industry. The united states automotive industry is a critical component of economic growth with extensive interconnections across the industrial and cultural fabric of the u. This report assesses export opportunities and constraints for developing country suppliers in the u. The automotive aftermarket has a current business value of about 800.
Lifestyles have shifted toward the twowageearner family, and as a. It was a time period where the idea of cheap gas was shattered and the demand for more gas efficient cars increased. Automotive aftermarket october 16, 2015 1 ltm trading multiples ev ltm ebitda automotive aftermarket trading multiples 10162015 1 year ago automotive aftermarket index 12. The united states has one of the largest automotive markets in the world and is home to auto manufacturers. The global automotive aftermarket size was valued at usd 378. The us automotive repair and maintenance services market will grow four percent annually. Policies to promote more fuel efficient vehicles facing more difficult economics. Automotive aftermarket industry size, growth and trends. Mechanical services will remain the largest segment while electronics will grow the fastest. All in all, more than 50 million people owe their job to the auto industry in the 39 countries investigated.
Titan chemicals serves the automotive industry with oem approved formulations. Automotive aftermarket, frequently referred to as secondary market, manufactures and supplies spare parts, accessories and other components for various automobiles. Building cars to customer order has been the goal of volume vehicle manufacturers since the birth of mass production. Rapid expansion of etailing in the industry and its impact on distribution capacity, inventory and supply chain strategy is requiring rethinking distribution capabilities. Get more details on this report request free sample pdf. The economic impact of the motor vehicle parts manufacturing industry on the united states august 2016. Information technology in the automotive aftermarket. Automotive aftermarket market size in north america by. Jefferies weekly global automotive aftermarket report. Outlook for gcc automotive demand adam smith conferences.
The aftermarket in the automotive industry 3 1 executive summary 4. The automotive industry includes industries associated with the production, wholesaling, retailing, and maintenance of motor vehicles. Automotive parts industry automotive studies traditionally open their investigations through the use of charts that explain the structure of automotive manufacturing in terms of the value stream, or build, or in terms of sourcing, or who produces automotive value. New light vehicle dealers will continue as the dominant service provider while quick lubes, tire stores and repair chains will lead gains. Its often said industrial robots have made their biggest mark in the automotive world but it took many decades of refinement for them to get there. The united states automotive industry is a critical. The global automotive parts industry is fiercely competitive, including large players in china, india and russia as well as traditional automotive powerhouses in the u. Trade patterns are outlined, and key competitive trends in the global automotive industry and their implications for the u. Auto industry chartbook 4q 2017 2 the replacement of vehicles damaged or destroyed by recent hurricanes boosted auto sales in september and october however, after the onetime effect of hurricanes recedes, sales of new.
Aftermarket demand for automotive components in north america is forecast to expand 2. This shows that aftermarket companies focus more on threats from external sources than internal ones. This graph shows the size of the automotive aftermarket in the united states from 2010 to 2018, and gives projections through 2022. In 2014, mexicos automotive industry will see its consolidation as one of the top countries in vehicle production and export, as a result of nissan, honda and mazdas new facilities opening in mexicos central region. Competitive positioning of the industry leaders has been evaluated in terms of sales, profitability, stock trend and other performance indicators reasons to buy provides input for strategic.
Automotive industry in the united states wikipedia. However,therussian automotivemarketh asb enh vily h. Solid gains in consumer and housing markets will support us growth, but an inventory correction will slow industrial. However, the united states was overtaken as the largest automobile producer by japan in the 1980s, and subsequently by china in 2008. This increase has prompted the need for service centers with modern equipment. Indepth analysis of the automotive aftermarket industry trends. Growth in the eurozone and japan will improve slightly, aided by monetary stimulus, currency depreciation, and pentup demand. Organizations need to respond and innovate to remain relevant. At the same time, digital channels are quickly transforming the way people shop for cars and automotive aftermarket products, creating new opportunities to engage with.
Recent economic trends and changes to the industry have sharply increased the demand for automotive aftermarket parts. Us automotive aftermarket industry report albi dhimitri 2. This industry is not formally defined in the north american industry classification system naics, but the bureau of labor statistics is referring to a group of detailed industries as the automotive industry for purposes of analysis. Data on automotive sales, production, retail and inventory, primarily in north america and europe. Advantages of investing in the automotive industry exemption from import duties on machinery, equipment and components art. Cars already incorporate vast stores of data to improve safety control mechanisms and maintenance suggestions. The automotive parts industry is largely divided into two categories. The aapex show is part of the automotive aftermarket industry week held during the first week of november at the sands expo center in las vegas, nevada. The united states has one of the largest automotive markets in the world. Automotive aftermarket size, share industry trends report, 2027. Overall, the united states is the worlds secondlargest market for vehicle sales and production. About us automotive aftermarket suppliers association.
It includes 535,000 individual businesses consisting of independent. Automotive aftermarket suppliers association aasa, while there is no definitive source on the size of the aftermarkets etailing segment, one thing is certain etailing is one of the fastest growing segments in the automotive aftermarket. From 2008 to 2012, manufacturers produced an average of over 8 million passenger vehicles annually in the united states. Plus, each direct job induces at least 5 indirect jobs. Competition remains intense three clear takeaways emerged from our analyses. The automotive aftermarket is the secondary market of the automotive industry, concerned with. Automotive industry the us is home to different automotive manufacturers gm, ford, chrysler, honda,toyota, nissan, hyundaikia, bmw, mercedesbenz, volkswagen, mazda, mitsubishi, and subaru which produce an average of over 8 million. While dollar sales have been accelerating since 20, unitquart sales have been down, and 2015 marked. The united states automotive industry is a critical component. We address the benefits of finding and implementing the best order management platform for auto parts retail operation so they can provide the right assortment of products and services along with the best experience for. Solid gains in consumer and housing markets will support us growth, but an inventory correction will slow industrial production. Auto industry chartbook 4q 2017 2 the replacement of vehicles damaged or destroyed by recent hurricanes boosted auto sales in september and october however, after the onetime effect of hurricanes recedes, sales of new vehicles are likely to return to a more modest path due to rising interest rates. The global automotive aftermarket is expected to reach usd 486.
New 2020 automotive aftermarket trends you should know. Keys to drive the business ebook best practices for. Automotive aftermarket industry trends global report 2026. Automotive aftermarket fortna helps automotive aftermarket companies deal with challenging and turbulent times. The history of robotics in the automotive industry ria. Automobile industry university of california, berkeley. The automotive industry is being transformed by megatrends such as digitalization and globalization. The industrys principal products are passenger automobiles and light trucks, including pickups, vans, and sport utility vehicles.
Developments in the automotive industry introduction. Our range of standards, certification, training and consultancy services help businesses throughout the automotive supply chain to be agile and continually improve. Digitization is transforming the automotive aftermarket industry. The automotive industry in the united states began in the 1890s and, as a result of the size of the domestic market and the use of mass production, rapidly evolved into the largest in the world. The aftermarket is the part of the automotive industry sector comprising the automotive services and. The market is majorly driven by the pursuit of automobile drivers to enhance their vehicle performance in terms of exhaust sound, speed, appearance, along with other aspects. This report outlines many known elements and highlights tremendously important associations beyond the. Prnewswire automotive aftermarket market worldwide is projected to.
1197 759 354 893 234 1310 1433 1303 995 1626 1160 1668 1474 1522 943 147 706 53 1546 1610 524 1589 348 1072 1568 439 1222 1111 149 1039 225 2 597