A number of negative factors have weighed down industry manufacturers over the past five years, including rising gas prices and the generally poor economic state. However, the industry has benefited from a quick turnaround in the automobile manufacturing sector. Automakers will be focused on improving energy efficiency by using industry products such as lower-weight electrical cables and electronic replacements for existing hydraulic systems. Furthermore, industry operators are expected to remain attentive to changing consumer tastes in order to capitalize on opportunities to create new products and expand their respective market share.
This industry manufactures motor vehicle parts that have or operate with the aid of small components that control and direct an electric current. Industry operators include manufacturers of lighting systems, electrical wiring, electrical control units, sensors, electronic ignition systems and driver displays. Manufacturers of electric motors are excluded.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.