2015 Automotive Market Unit Volume Increased 1% Worldwide
The latest numbers show that automotive unit volume increased 1% in 2015, and TE tops the list of connector suppliers to the market.
The worldwide demand for connectors in the automotive market was $11.8 billion in 2015, down 4% from 2014. North America and Europe consumed 62% of those connectors by dollar volume.
Vehicle production worldwide in 2015 was approximately 90.7 million units according to OICA. China produced about 27% of those units (but its connector costs are significantly lower than in North America or Europe). North America and Europe produced approximately 40% of the units.
Out of the top 100 connector companies, the top 10 companies that supply connectors to the automotive market provide 90% of the worldwide demand for that market (based on 2014 sales).
TE has the largest market share at 37% of the automotive market. It is followed by Yazaki at 19% and Delphi at 13%.
Bishop follows 14 public companies in the automotive market on a quarterly basis. In 2015, sales for these companies declined 2.7% over their 2014 sales. Profitability, however, increased 5.7% year over year.
Of the 14 companies, Tesla had the largest increase in sales in 2015 at 26.5%.
2015 Automotive Market
Results for Top OEMs
Automotive connector sales decreased 4% in 2015. Automotive production worldwide increased 1%. Sales for the 14 automotive OEMs that Bishop follows declined 2.7% in 2015.
Sales information for these companies and others can be found in Bishop & Associates’ Top 100 Connector Manufacturers report. Profiles of more than 700 connector companies can be found on Bishop & Associates’ subscribers-only World’s Connector Companies website (www.worldsconnectorcompanies.com). For more information, contact [email protected] or 630-443-2702.
No part of this article may be used without the permission of Bishop & Associates Inc.
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