Latest Auto Components industry news, views and updates from all top sources for the Auto industry. delivering exclusive news to global readers on the automotive industry. Get the latest Auto Component industry news, views and updates from all top sources for the Auto industry. We provide info on everything automotive to help you keep up-to-date with the latest industry news and trends. Auto Component industry stories and updates from all major sources around the globe. We have daily updates in auto industry that include more information about general auto news, automotive forums and blogs, auto industry events, automobile outlooks and professional insight related to Auto Components.This site is designed to provide you with the latest news and industry information related to the automobile and auto component industry, while also announcing new products, technology and services.
Auto Component Industry News, Views and Updates
The automotive industry is one of the most important and influential sectors in the world. It is a multi-billion dollar industry that has been around for decades. The automotive industry has seen many changes over time, with some major ones being the rise of SUVs and electric vehicles. This has led to an increase in demand for auto components such as brakes and engines.
The global auto component market was worth $566 billion in 2018, according to a new report from Global Market Insights (GMI), a market research firm. That’s up from $530 billion in 2017 and $470 billion in 2016—an increase of about 4% per year since 2016.