The global auto components or auto parts industry involves engine and auto component manufacturers, which include original equipment manufacturers (OEMs) and aftermarket. Modern automobile constitutes hundreds of components which are fit together to function harmoniously. These components are categorized into powertrain, chassis and body parts, electrical and electronics, interiors and miscellaneous.
The automotive component industry is gradually shifting towards next level of engineering with the influence of continuously developing technology and stringent emission regulations and fuel economy targets. Trending engine innovations such as cylinder deactivation, turbocharging technologies, direct injection system, stop-start systems and hybrid and plug-in hybrid vehicles have generated a need for noise, vibration and harshness (NVH) of the vehicle. Consequently, the vehicles are being integrated with active noise cancellation.
OEMs are also striving for weight reduction in vehicles, as it helps in reducing CO2 emission. Innovations in materials such as alloys, fiber, light weight metals, plastics and composites are providing weight reduction in a vehicle’s body and chassis system, while the use of Advanced High Strength Steel (AHSS), aluminum, magnesium and polyamides (PA) are helping in production of lightweight engine.
In addition to automotive component mainstream manufacturing, automotive parts remanufacturing market is also gaining popularity, as it offers comprehensive financial and environmental benefits through energy and raw material conservation. OEMs are better suited to compete against low cost manufacturers and fulfil their environmental, social and corporate responsibilities through auto parts remanufacturing.
The automotive components market is majorly consolidated with few big companies controlling the largest market share. Robert Bosh GmbH, Continental AG, Aisin Seiki Co., Hyundai Mobis and Denso Corporation are some of the key companies in the market.
ASDReport.com offers an extensive repository of reports on other components market. The reports cover various automotive components like airbag, antifreeze, automotive heat exchanger, automotive composites, automotive sunroof, car bumper, car roof racks, wiper blades, carburettors, car roof racks and much more.