Exclusive extracts from this 68-page-long report:
- Who are the key players?
This report analyses the leading manufacturing companies in the car part industry. Given the degree of fragmentation and the huge number of companies operating in the industry, the report focuses on the best-performing players in terms of sales value and geographical reach. [...]
Groups analysed in this report include: Bosch Group, Continental Corporation, Denso Corporation, ZF Friedrichshafen, Magna International, Aisin Seiki, Hyundai Mobis, Faurecia, Valeo, and Lear Corporation.
- What are the players' strategies?
As the automotive sector is seeing a historic shift towards low-carbon engines (hybrid, electrical) as well as increased connectivity, leading car part suppliers are refocusing their growth models on their innovative power while moving from a product-oriented to a more comprehensive business model. Bosch for instance has been setting up a cross-sector connectivity unit to better tap the fast-rising market for connected mobility with a range of new connected components, related software (Bosch IoT suite) and a dedicated IoT-cloud platform. Likewise, Continental has been heavily investing in R&D to churn out innovative products and solutions in the fields of automated driving, electric mobility and connectivity, which are projected to become the market's main growth fields in the coming years. […]
- What are the players' key growth and profitability drivers?
Most leading car part manufacturers reported sound revenue growth in recent years thanks to recovering automotive manufacturing activity, innovation-led sales growth, as well as external growth strategies. Higher production volumes, coupled with rising sales and continued cost efficiency gains also allowed for an overall improvement in profitability. [...]