New models: Intensifying import competition is expected to continue to weigh on revenue

Firms in the Motor Vehicle Parts and Accessories Manufacturing industry develop and manufacture automotive parts and components mainly for overseas manufacturers and the domestic aftermarket. The majority of firms in the industry produce low value vehicle parts that can be produced more cheaply in other countries, which has negatively affected the industry's performance. Intense import competition and a lack of investment in the Irish automotive sector have also caused a steady decline in the number of industry operators over the past five years. However, large operators have developed key export markets by innovating products for use in the production of modern vehicles. Overall, industry revenue is forecast to decrease at a compound annual rate of 8.8% to reach €449.1...read more.

Industry Statistics & Market Size
Revenue
€449.1m
Annual Growth 13-18
-8.8%
Forecast Growth 18-23
Profit
Employment
3,731
Businesses
82
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Import competition and a lack of investment in the automotive sector have affected enterprises
  • Export-focused firms have developed relationships with foreign manufacturers through innovation
  • The rising average age of the Irish car fleet is likely to support demand for replacement parts
  • Industry Report - Industry Products Chapter

    Electrical and electronic componentsElectrical and electronic components are expected to account for 49% of industry revenue in 2018. Industry operators manufacture a wide range of electrical and electronic components. Some operators produce the parts required for the final assembly of other electronic components used in motor vehicles. These include actuators, starter motors, generators and transmitters. The production of heating systems for hybrid and electric vehicles is also included in this product segment. Demand for electronic components is expected to remain high as major European manufacturers expand their electric vehicle production...purchase to read more.

    Additional Insights for the Motor Vehicle Parts & Accessories Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Motor Vehicle Parts & Accessories Manufacturing Industry are

  • Establishment of export markets
  • Economies of scale
  • Undertaking research and development
  • IBISWorld analysts also discuss how external factors such as Average age of motor vehicles and Demand from motor vehicle manufacturing in the Motor Vehicle Parts & Accessories Manufacturing industry impact industry performance..

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    What's in this report

    What is the Motor Vehicle Parts & Accessories Manufacturing in Ireland Industry?

    Firms in this industry manufacture parts and accessories for use by motor vehicle manufacturers and downstream automotive markets. Parts include electric components, external and internal components, as well as accessories for passenger cars, light commercial vehicles and heavy goods vehicles.

    Industry Products
  • Electrical and electronic components
  • Engine components
  • Seats and interior components
  • Industry Activities
  • Manufacturing electrical and electronic equipment
  • Manufacturing parts and accessories of motor vehicle bodies
  • intermediate parts for final assembly
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Average age of motor vehicles
  • Demand from motor vehicle manufacturing
  • Demand from motor vehicle parts retailers
  • Total number of registered motor vehicles

  • Current Performance
    Downstream demandInternational connectionsStalling margins
  • Chart: Revenue Growth

  • Industry Outlook
    Trends and tradingRevving margins
  • Table: Motor Vehicle Parts & Accessories Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Motor Vehicle Parts & Accessories Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Motor Vehicle Manufacturing in Ireland
  • Motor Vehicle Parts Wholesaling in Ireland
  • Motor Vehicle Parts Retailers in Ireland

  • Key Selling Industries
  • Aluminium Production in Ireland
  • Other Electronic Wire & Cable Manufacturing in Ireland
  • Structural Metal Product Manufacturing in Ireland

  • Products & Services
  • Electrical and electronic components
  • Engine components
  • Seats and interior components
  • Other
  • Chart: Motor Vehicle Parts & Accessories Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Motor vehicle manufacturers
  • Vehicle parts retailers
  • Vehicle parts wholesalers
  • Mechanics and body shops
  • Chart: Major Market Segmentation for the Motor Vehicle Parts & Accessories Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Motor Vehicle Parts & Accessories Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Motor Vehicle Parts & Accessories Manufacturing Industry

  • Industry Globalization
    MCI (Mirror Controls International) Ireland Ltd, Connaught Electronics Ltd, Autolaunch Ltd, Borgwarner Tralee Ltd, C & F Automotive Ltd,
  • Table: MCI (Mirror Controls International) Ireland Ltd - financial performance
  • Table: Connaught Electronics Ltd - financial performance
  • Table: Autolaunch Ltd - financial performance
  • Table: Borgwarner Tralee Ltd - financial performance
  • Table: C & F Automotive Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Motor Vehicle Parts & Accessories Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Motor Vehicle Parts & Accessories Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aftermarket
  • The market for replacement parts, accessories and equipment for automotive vehicles that have already been sold.
  • Autonomous Vehicle
  • A vehicle that can guide itself with limited or no human conduction.
  • Electric Vehicle
  • A vehicle that runs on an electric battery and does not require petrol or diesel.
  • What Our Customers Say

    Why buy this report?

    The Motor Vehicle Parts & Accessories Manufacturing in Ireland market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
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    This report on Motor Vehicle Parts & Accessories Manufacturing in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Motor Vehicle Parts & Accessories Manufacturing in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Motor Vehicle Parts & Accessories Manufacturing in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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