2014-03-06 00:46:02 - Auto Components - Industry Analysis - a new market research report on companiesandmarkets.com
The auto component industry is highly diversified. Companies in this industry manufacture motor-vehicle gasoline engines and related parts including valves, pistons, crankshafts, camshafts, fuel injectors and pumps. This industry does not include hybrid engines, electric vehicle (EV) motors or diesel engines. The manufacturing of auto components is gradually shifting toward Asian countries such as China, India, and others because of higher market potential and the low-cost manufacturing options available. Strong growth in the industry has attracted a pool of companies, including major foreign companies, to operate in China´s auto component market. The growing importance of electronics and functional integration of green components and sustainable products will drive growth in the industry.
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