IndustryARC

Global Auto Parts and Accessories Market Analysis and Forecast

(2013 2018)


Accessories Outpacing Growth of Auto Parts but Market Share Remains Static


TABLE OF CONTENTS

1. Global Auto Parts and Accessories Market Overview
2. Executive Summary
3. Global Auto Parts and Accessories Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End user profiling
3.2.3. Patent Analysis
3.2.4. Top 5 Financials Analysis
4. Global Auto Parts and Accessories Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the Auto Parts and Accessories Industry
4.4.1. Power of Suppliers
4.4.2. Power of Customers
4.4.3. Threat of New entrants
4.4.4. Threat of Substitution
4.4.5. Degree of Competition
5. Global Auto Parts and Accessories Market Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis


5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
5.5. Suppliers and Distributors
6. Auto Parts and Accessories Market by Components
6.1. Active Suspension
6.2. Alloy Wheels
6.3. Alternators
6.4. Anti-Lock Braking System
6.5. Automatic Transmission
6.6. Brake, Calipers
6.7. Brakes, Disc
6.8. Brakes, Drum
6.9. Carburetor
6.10. Catalytic Converter
6.11. Chassis
6.12. Clutch
6.13. Diesel Engine
6.14. Differential Gears
6.15. Drive Train
6.16. Driveshaft
6.17. Electrical System
6.18. Engine Control Systems
6.19. Exhaust System
6.20. Fuel Injection System


6.21. Gears
6.22. Gearset
6.23. Generator
6.24. Ignition System
6.25. Driving Lights
6.26. Fog Lights
7. Auto Parts Market Product Segments Analysis
7.1. Engine Parts
7.2. Electrical Parts
7.3. Drive and Transmission Steering Parts
7.4. Suspension and Braking Parts
7.5. Equipment
7.6. Others
8. Auto Parts and Accessories Market Vehicle Type Analysis
8.1. Introduction
8.2. Passenger
8.3. Commercial
8.4. Light Commercial Vehicle
8.5. Sports Vehicles
8.6. Others
9. Auto Parts and Accessories Market - Geographic Analysis
9.1. Introduction
9.2. Americas
9.2.1. North America


9.2.2. Brazil
9.2.3. Argentina
9.2.4. Mexico
9.3. Europe
9.3.1. UK
9.3.2. France
9.3.3. Germany
9.4. APAC
9.4.1. China
9.4.2. South Korea
9.4.3. Japan
9.4.4. Australia
9.5. ROW
10. Market Entropy
10.1. New Product Launches
10.2. M&As, Collaborations, JVs and Partnerships
11. Investment Opportunities Analysis by Target companies/customers, Capital Investments,
ROI, Payback Period and Source of Funds.
12. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)
12.1. Robert Bosch AG
12.2. Denso Corp
12.3. ArvinMeritor, Inc.
12.4. Dana Holding Corporation
12.5. Delphi Corporation


12.6. Johnson Controls, Inc.
12.7. Lear Corporation
12.8. Magna International Inc.
12.9. TRW Automotive Holdings Corp.
12.10. Visteon Corporation
12.11. Eaton Corp
12.12. Valeo
12.13. Pioneer
12.14. Exide
12.15. Cooper Tire and Rubber
12.16. Continental
12.17. Magellan
12.18. Holden
12.19. BMW
12.20. Toyota
12.21. Advance Auto Parts
12.22. AutoZone
12.23. O'Reilly Automotive
12.24. ATU Auto-Teile-Unger
12.25. Halfords Group
13. Appendix
13.1. Abbreviations
13.2. Sources
13.3. Research Methodology


13.4. Bibliography
13.5. Compilation of Expert Insights
13.6. Disclaimer


1. GLOBAL AUTO PARTS AND ACCESSORIES MARKET
OVERVIEW
1.1. SCOPE
To provide a complete analysis of the global auto parts and accessories market, it has been divided into sub-
categories depending on the applications of these systems, the different types of auto parts currently used in
the passenger-vehicle and the commercial-vehicle segments of the market. This report tries to analyze the
current market trends in place as well as the future scope for development in this growing market and the
challenges that need to be addressed.
The report describes the Auto Parts and Accessories market by components and geography. High level
analysis about the individual Auto Parts and Accessories product costs, strategies, future opportunities along
with the business landscape analysis of key market players are focused in the report.
Competitive landscape for each of the product types is highlighted and market players are profiled with
attributes of company overview, financial overview, business strategies, product portfolio and recent
developments. Market shares of the key players for 2012 are provided. The prominent players profiled in this
report are Robert Bosch, Delphi, Visteon, Denso, Eaton and others.
The report contains the most detailed and in-depth segmentation of the auto parts and accessories market.
1.2. STAKEHOLDERS
.The following are the key stakeholders in the global auto parts and accessories market.
Automotive OEMs
Auto Parts Manufacturers
Sensor Manufacturers
Contract manufacturer
Electronics Providers
Distributors
Component suppliers
System integrators
IT and Automation Software Providers
Engineering and Designing companies


2. EXECUTIVE SUMMARY

Automotives currently use a large number of essential parts and other complementary accessories like braking
systems, windshield wipers, braking systems, exhaust systems etc for smooth functioning of the vehicle. The
global market for the spare auto parts and accessories market is discussed in the report.
The auto parts industry is primarily dependent on the age and mileage of the cars and increases when
customers keep their cars for a longer time or when they dont buy new cars often. On the other hand the
accessories market depends on both kinds of customers. Each of the 26 different types of auto parts and
accessories covered in the report has different market trends and market forces which influence the growth
trajectory in the future. The overall automotive industry is in itself experiencing transformations with
competition among key players being the highest in the last few years. Government regulations with respect
to safety and emissions, fuel efficiency, growth and penetration of electric and hybrid electric vehicles,
shifting dynamics in automotive manufacturing plants and new demand from emerging countries the
overall automotive industry is expected to see a significant shift in the power of balance in the next 5 years
according to IndustryARC.
The auto parts industry however is expected to weather any significant changes in the OEM strategies due to
the vast experience, distribution networks and quick turnaround capabilities of the majority manufacturers.
Compared to the global auto parts market which is a $1tn+ market, the used auto parts market for example
had revenues of around $5.8bn in 2013 and is growing at a CAGR of only 1.2% during the forecast period.
IndustryARC expects the global auto parts and accessories market to grow at around 4.8% during the
forecast period of 2013 2018.
SAMPLE TABLE: GLOBAL AUTO PARTS AND ACCESSORIES MARKET REVENUE BY
PRODUCT SEGMENTS, 2012 2018 ($BN)
Product Segments 2012 2013 2014 2015 2016 2017 2018 CAGR (2013 -
2018) %
Engine Parts
xx xx xx xx xx xx xx xx%
Electrical Parts
xx xx xx xx xx xx xx xx%
Drive and Transmission
Steering Parts
xx xx xx xx xx xx xx xx%
Suspension and Braking
Parts
xx xx xx xx xx xx xx xx%
Equipment
xx xx xx xx xx xx xx xx%
Others
xx xx xx xx xx xx xx xx%
Total xx xx xx xx xx xx xx 4.8%
Source: IndustryARC Analysis, Expert Interviews


The market is highly fragmented with some very big players and also local companies in certain geographies
who produce auto parts. Robert Bosch, Denso Corp, Continental AG, Magna International and Aisin Seiki
are the top 5 global OEM parts suppliers according to IndustryARC. Many local companies are planning
global expansion with their product portfolio based on proprietary knowledge and low cost offerings. The
Indian auto components industry had a turnover of around $40.5bn in 2013 and this is expected to increase
to around $115bn by 2020.




4. GLOBAL AUTO PARTS AND ACCESSORIES - MARKET FORCES
4.1. MARKET DRIVERS
4.1.1. Growth of Automotive Industry Natural Growth Driver for Auto Parts Market
The production and order levels of the different types of auto parts, components and accessories are directly
related to the automotive market demand. China, USA and Japan were the top three regions in 2013 with
highest car sales and by 2016 India is expected to replace Japan.
SAMPLE FIGURE: GLOBAL PASSENGER CAR SALES, 2013 2018 (MILLION UNITS)

Source: IndustryARC Analysis, OICA
Growth of the overall passenger car sales is being influenced by a variety of factors like subsidies for electric
cars, demand for compact cars and incorporation of connectivity and safety solutions in the passenger cars by
automotive OEMs. The overall market sales are expected to increase from around 80 million units in 2013 to
cross 100 million units by 2018. Increasing car sales coupled with the increasing amount of sensors and
electronic components in the cars will be the biggest growth driver for the global electric power steering
market ecosystem according to IndustryARC.


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12.3 RESEARCH METHODOLOGY

The quantitative and qualitative data collected for the global auto parts market is from a combination of
secondary and primary sources. Research interviews were conducted with senior executives and/or managers
of leading auto parts and other accessories manufacturers & assembly companies. These Key Opinion
Leaders (KOLs) were then provided a questionnaire to gather quantitative and qualitative inputs on their
operations, performance, strategies and views on the overall market, including key developments and
technology trends. Data from interviews is consolidated, checked for consistency and accuracy, and the final
market numbers are again validated by experts. The global market was split by products, services and
geography based on different factors like primary and secondary sources, understanding of the number of
companies operating in each segment and also KOL insights.
We have used various secondary sources such as directories, articles, white papers, newsletters, annual reports
and paid databases such as OneSource, Hoovers and Factiva to identify and collect information for extensive
technical and commercial study of the auto parts market.
The key players in the market and its value chain were identified through secondary research and their market
opinions were also gathered in a similar way through telephonic interviews and questionnaires. We have also
studied the annual reports of these top market players. Interviews with key opinion leaders such as directors,
managers, marketing personnel were used extensively in understanding the need and emergence of the global
auto parts and accessories market.
Some of the key public databases and sources used for this report are:
International Organization of Motor Vehicle Manufacturers (OICA)
Alliance of Automobile Manufacturers (AAM)
China Association of Automobile Manufacturers
Canadian Vehicle Manufacturers Association
Society of Motor Manufacturers and Traders (SMMT)



THE ARC ADVANTAGE

An analytical model lies at the core of our process, ensuring logical consistency throughout
our research. We complement the model with secondary data and interviews with industry
experts to reflect the latest trends. With our final expert validation, we provide you with
only the most accurate and actionable intelligence.



























THE ARC PROCESS
ANALYTICAL MODEL BASE MODEL CONSOLIDATED MODEL ARC MODEL
Analytical
Method
Base Method Consolidation
Method
Delphi
Verification
1. Granular
breakdown of
drivers into
factors

2. Validate all
factors in terms
of their present
impact on the
market

3. Assign weights
to these factors in
terms of their
relevance and
impact on the
market


4. Build the
Analytical Model
1. Get a top-
down estimate of
the market

2. Follow it up
with a bottom-up
estimate of the
market


3. Check
forconsistency
and new growth
factors that are
relevant over the
next 10 Years



4. Build the Base
model

1. Granular
breakdown of
drivers into
factors

2. Validate all
factors in terms
of their present
impact on the
market.

3. Assign weights
to these factors in
terms of their
relevance and
impact on the
market.


4. Build the
Consolidated
Model
1. Verify the
findings of the
model with
experts from
across the value
chain

2. Verify the
findings with
players across
small and large
enterprises


3. Tweak the
model and add
new factors


4. Finalize the
ARC Model



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