Over the five years to 2015, the Global Auto Parts and Accessories Manufacturing industry is anticipated to rise off a low base and reach prerecessionary levels. In general, the industry relies heavily on motor vehicle production from automakers. Global motor vehicle production has been supported by rapid growth in China and other emerging economies. Average household incomes in these countries have risen, which has created new demand for motor vehicles. Consequently, motor vehicle manufacturers have opened establishments at a rapid pace to satisfy burgeoning demand, with parts manufacturers following suit.
Companies in this industry manufacture motor vehicle parts and accessories other than engines, engines parts, batteries, tires, bodies and chassis. Motor vehicle assembling is not included in this industry. Manufacturers typically supply parts and accessories to original equipment manufacturers (OEM) for use in the manufacturing of complete motor vehicles or for replacement parts in OEM dealerships. They also supply parts to 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.