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 don’t 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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2013 2014 2015 2016 2017 2018

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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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