Global Industry Overview: Motor Vehicle Parts and Accessories
The automotive parts industry manufactures motor vehicle parts and accessories. For motor vehicles or passenger car bodies see Motor Vehicles, and for automotive tire production see Tires and Inner Tubes.
Industry Snapshot
The global motor vehicle parts and accessories industry, which was valued at US$900 billion in 2004, is a relative newcomer to the global marketplace. The industry became international in scope as major car manufacturers turned away from direct manufacture of auto parts in favor of heavy reliance on auto parts suppliers to develop major car components. This...