The industry has been on the road to recovery over the past five years. After the global economic downturn decimated downstream demand from motor vehicle manufacturers worldwide, industry revenue collapsed in the two years through 2009-10. However, conditions have improved over the past five years, allowing revenue to grow over the period. Domestic car sales have increased in each of the past 37 months, as improving consumer confidence, the wider availability of cheap car finance deals and the greater fuel efficiency of new cars have all encouraged consumers back into the market.
Companies in this industry manufacture parts and accessories for use in motor vehicles. Parts include brakes, gearboxes, electrical and electronic components, clutches, seats and parts and accessories of motor vehicle bodies. The industry excludes the manufactures of motor vehicle engines, tyres and batteries. The industry also excludes the maintenance, repair and alteration of motor vehicles.
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.