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Auto suppliers worldwide - statistics & facts

Auto suppliers are important contributors to the global auto profit pool. The United States, China, and Europe were among the leading regions for aftermarket sales in 2019. The industry is facing challenges due to a stalling vehicle sales. Motor vehicle sales began to stall in 2018, and the coronavirus pandemic is forecast to stifle demand for automobiles in key markets in 2020.

Technological advancements drive the market

Technological advancements in the automotive industry are often driven by original equipment manufacturers. Braking systems, gauges, and driving assistance have been pivotal in the development of vehicle safety. The market for advanced driver assistance systems (ADAS) is projected to reach 36 billion U.S. dollars by 2025. New developments in technology and in markets can be expected to offer new opportunities and competitions to auto suppliers. The most promising fields are in the fields of automation and electrification. The global market for autonomous driving hardware components, which includes sensors, is expected to grow from 400 million U.S. dollars in 2015 to 40 billion U.S. dollars in 2030. Meanwhile, electric vehicle production is tipped to reach 60 million units worldwide by 2030.

What comprises the auto supplier industry?

Auto suppliers provide vehicle manufacturers with equipment and software necessary in the production of a new car. The goods may be parts of the new vehicle or only used in the manufacturing process. The industry consists of a large number of equipment and software manufactures that provide a wide variety of products. Key equipment segments include batteries, electronics, chassis, suspension systems, brake systems, infotainment systems, wheels, sensors and many more. Europe currently stands as the largest market for auto parts production. Europe is also home to many of the world’s most prominent auto supplier companies such as Robert Bosch GmbH, ZF Friedrichshafen AG, and Michelin.

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Auto suppliers worldwide

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Auto suppliers worldwide - statistics & facts

Auto suppliers are important contributors to the global auto profit pool. The United States, China, and Europe were among the leading regions for aftermarket sales in 2019. The industry is facing challenges due to a stalling vehicle sales. Motor vehicle sales began to stall in 2018, and the coronavirus pandemic is forecast to stifle demand for automobiles in key markets in 2020.

Technological advancements drive the market

Technological advancements in the automotive industry are often driven by original equipment manufacturers. Braking systems, gauges, and driving assistance have been pivotal in the development of vehicle safety. The market for advanced driver assistance systems (ADAS) is projected to reach 36 billion U.S. dollars by 2025. New developments in technology and in markets can be expected to offer new opportunities and competitions to auto suppliers. The most promising fields are in the fields of automation and electrification. The global market for autonomous driving hardware components, which includes sensors, is expected to grow from 400 million U.S. dollars in 2015 to 40 billion U.S. dollars in 2030. Meanwhile, electric vehicle production is tipped to reach 60 million units worldwide by 2030.

What comprises the auto supplier industry?

Auto suppliers provide vehicle manufacturers with equipment and software necessary in the production of a new car. The goods may be parts of the new vehicle or only used in the manufacturing process. The industry consists of a large number of equipment and software manufactures that provide a wide variety of products. Key equipment segments include batteries, electronics, chassis, suspension systems, brake systems, infotainment systems, wheels, sensors and many more. Europe currently stands as the largest market for auto parts production. Europe is also home to many of the world’s most prominent auto supplier companies such as Robert Bosch GmbH, ZF Friedrichshafen AG, and Michelin.

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