Auto Parts Manufacturing Industry Overview

Companies that manufacture and/or distribute original equipment manufacturer (OEM) and/or aftermarket automotive components and/or accessories.

Summary

The state of the global automotive parts manufacturing industry might be summed up simply -- The Americans and Almost Everyone Else. While companies in the latter category are for the most part doing fine, the ones in the former group are experiencing some tough obstacles.Suppliers that are heavily dependent on Detroit Three manufacturers (General Motors, Ford, and Chrysler) are struggling as Detroit trims capacity due to waning demand, high pension and healthcare expenses, intense competition from Asian rivals, and skyrocketing fuel prices.

Full Auto Parts Manufacturing Industry Description

Globalization

Demand for auto parts is increasing due to Americans owning more vehicles, driving more miles every year, and keeping vehicles longer. More than 60 percent of vehicles operating in the US are more than seven years old, and require more maintenance and repairs than newer ones, according to the National Automobile Dealers Association (NADA).

Full Auto Parts Manufacturing Industry Trends

• Georg Fischer AG
• Quantum Fuel Systems Technologies Worldwide, Inc.
• Autocam Corporation

View more Auto Parts Manufacturing Competitors

Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Auto Parts Manufacturing maps to a number of NAICS codes including:

Full Auto Parts Manufacturing Industry Codes

• Association of International Automobile Manufacturers
  
• Automotive Aftermarket Industry Association
  
• Automotive Industry Action Group
  

View more Auto Parts Manufacturing Industry Associations