The Motor Vehicle Parts and Accessories Manufacturing industry has struggled to counteract difficult conditions for manufacturing over the past five years, particularly within the automotive sector. While positive consumer sentiment over most of the past five years has driven strong growth in new car sales, demand for locally manufactured parts and accessories has continued to decline. Consumer demand has shifted towards imported cars and away from locally manufactured cars. Local motor vehicle manufacturers are the largest source of industry demand, but these companies have also been increasingly looking overseas to source parts, ultimately reducing demand for industry operators.
Companies in the industry manufacture non-electrical motor parts and accessories. These companies may supply parts and accessories to motor vehicle manufacturers or the aftermarket. The industry does not include the manufacture of engines, motor vehicle bodies, car seats, windscreens or any part entirely made out of plastic or fibreglass.
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.