Despite greater electric content in motor vehicles, automotive electrical and instrument manufacturers faced numerous challenges that have hindered growth over the past five years. Rising petrol prices left consumers little choice but to switch to smaller imported vehicles. Domestic motor vehicle production plummeted, to the detriment of parts manufacturers. Specialist component manufacturers were hit worst, as they mainly supply to motor vehicle assemblers. Due to the dire conditions, industry revenue is expected to decline by an annualised 2.6% over the five years through 2012-13 to reach $1.63 billion. Despite this, revenue is expected to increase 1.3% in 2012-13.
Companies in this industry manufacture automotive electrical components such as air conditioners and demisters. Companies can be either specialist component manufacturers, producing components for use in new motor vehicles, or standard manufacturers, making parts for the aftermarket. Firms in this industry do not manufacture batteries.
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.