Component manufacturers in the Automotive Parts and Accessories Manufacturing industry faced some challenges during the past five years. Being part of the automotive supply chain, the preferences of car buyers and woes of car manufacturers directly affect component manufacturers. The popularity of small imported cars grew, which put downward pressure on domestic motor vehicle production. Component manufacturers felt the brunt of the decline in motor vehicle production, particularly since they are small companies, ill-positioned to deal with sustained periods of falling demand.
Companies in this industry manufacture non-electrical automotive components, which include various car accessories, mufflers and child restraints. They do not manufacture engines or car seats. These companies may supply the motor vehicle assemblers or replacement parts (the aftermarket).
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.