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Current State of the Industry | ||
Market Size (industry trends) | ||
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Products/Services Breakdown | ||
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Public Company Information | ||
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2024 U.S. Industry Statistics & Market Forecast - Motor Vehicle Parts Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Motor Vehicle Parts Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The Motor Vehicle Parts Manufacturing industry is being driven by a number of key trends. One of the most important trends is the increasing demand for electric and autonomous vehicles. As more and more consumers turn to these types of vehicles, manufacturers of motor vehicle parts will need to produce components that are specifically designed to meet the needs of these vehicles.Another important trend is the growing focus on sustainability and the environment. As consumers become more aware of the impact of their actions on the environment, they are demanding products that are sustainable and eco-friendly. This is putting pressure on motor vehicle parts manufacturers to develop products that are more energy-efficient and have a smaller environmental footprint.
In addition to these trends, the industry is also being affected by changes in government regulations and policies. For example, there is a growing trend towards stricter emissions standards, which is leading to the development of new technologies and materials that can help to reduce emissions.
The Motor Vehicle Parts Manufacturing industry is also being affected by globalization and the increasing competition from manufacturers in other countries. This is driving the need for companies to streamline their operations and become more efficient in order to remain competitive.
Overall, the Motor Vehicle Parts Manufacturing industry is facing a number of important trends that are shaping the future of the industry. Companies that are able to adapt to these trends and stay ahead of the competition will be well-positioned for long-term success.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.Industry Average | Percent of Sales (Industry Benchmark) | |
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Total Revenue | Order at top of page |
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Operating Revenue | ||
Cost of Goods Sold | ||
Gross Profit | ||
Operating Expenses | ||
Pension, profit sharing plans, stock, annuity | ||
Repairs | ||
Rent paid on business property | ||
Charitable Contributions | ||
Depletion | ||
Domestic production activities deduction | ||
Advertising | ||
Compensation of officers | ||
Salaries and wages | ||
Employee benefit programs | ||
Taxes and Licenses | ||
Bad Debts | ||
Depreciation | ||
Amortization | ||
Other Operating Expenses | ||
Total Operating Expenses | ||
Operating Income | ||
Non-Operating Income | ||
EBIT (Earnings Before Interest and Taxes) | ||
Interest Expense | ||
Earnings Before Taxes | ||
Income Tax | ||
Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Motor Vehicle Parts Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Motor Vehicle Parts Manufacturing industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Motor Vehicle Parts Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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Measure how quickly products and services sell, and effectively collections policies are implemented. | |
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 4% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 1% | |||
Architecture and Engineering Occupations | 6% | |||
Office and Administrative Support Occupations | 5% | |||
Installation, Maintenance, and Repair Occupations | 6% | |||
Production Occupations | 65% | |||
Assemblers and Fabricators | 31% | |||
Engine and Other Machine Assemblers | 5% | |||
Engine and Other Machine Assemblers | 5% | |||
Miscellaneous Assemblers and Fabricators | 23% | |||
Metal Workers and Plastic Workers | 20% | |||
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 7% | |||
Cutting, Punching, and Press Machine Setters, Operators, and Tenders, Metal and Plastic | 6% | |||
Other Production Occupations | 8% | |||
Transportation and Material Moving Occupations | 7% | |||
Material Moving Workers | 7% |
Motor Vehicle Parts Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Motor Vehicle Parts Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Motor Vehicle Parts Manufacturing industry and adjacent sectors:Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Motor Vehicle Parts Manufacturing industry. |
Source:
Innovation News
- Apr 25, 2024: Borgwarner patents Variable Tune Hydraulic Tensioner
- Apr 25, 2024: Borgwarner patents Drive Train For A Motor Vehicle With A Planetary Gear Transmission
- Apr 25, 2024: Lear patents Cargo-module Arrangement For A Vehicle
- Jan 31, 2024: Gunite trademarks "DUCTILITE" - Vehicle wheel hubs
- Jan 26, 2024: Race Winning Brands trademarks "TRANSMISSION SPECIALTIES" - Transmissions for land vehicles
- Jan 24, 2024: Bendix Commercial Vehicle Systems trademarks "ISERIES" - Electronic control devices for monitoring air charging components
- Jan 04, 2022: Blackburn Energy raises $3 million in funding.
- Nov 12, 2021: Ample raises $75 million in funding.
- Aug 31, 2021: Ample raises $160 million in funding.
Recent Federal Contracts for Motor Vehicle Parts Manufacturing- Apr 02, 2024: APPLETON MARINE INC (Appleton, WI) awarded $46,760
- Apr 01, 2024: EMERGENCY TECHNOLOGY, INC. (Hudsonville, MI) awarded $130,900
- Apr 01, 2024: 911 CIRCUITS LLC (Salem, OR) awarded $10,534
- Mar 28, 2024: RED ORANGE INTERNATIONAL L.L.C. (Dubai, ) awarded $11,520
- Mar 27, 2024: ALASKA SAFETY INCORPORATED (Anchorage, AK) awarded $12,190
- Mar 27, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $15,770
- Apr 02, 2024: APPLETON MARINE INC (Appleton, WI) awarded $46,760
- Apr 01, 2024: EMERGENCY TECHNOLOGY, INC. (Hudsonville, MI) awarded $130,900
- Apr 01, 2024: 911 CIRCUITS LLC (Salem, OR) awarded $10,534
- Mar 28, 2024: RED ORANGE INTERNATIONAL L.L.C. (Dubai, ) awarded $11,520
- Mar 27, 2024: ALASKA SAFETY INCORPORATED (Anchorage, AK) awarded $12,190
- Mar 27, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $15,770
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