The US continues to reign as ‘the World’s largest contributor to the global automotive market.’ As a result, there has been a consequent growth in the related markets such as auto parts and tire manufacturing. According to industry experts, since 2016, the US auto parts market has surpassed $ 70 billion in revenue. The hike in sales in the automotive industry, increasing focus on automotive aftermarket, and the expansion of the spare parts market are some of the factors that would help boost the sales of auto parts in the years to come. Here is the list of the top seven auto parts manufacturers in the US:
Top Seven Auto Parts Manufacturers in the US
#7: Goodyear Tire and Rubber Company
Goodyear Tire and Rubber Company, founded in 1898, is based out of Akron, Ohio. It is one the world’s largest American multinational tire manufacturing companies. In addition to producing tires under the label of Goodyear, the company also houses other well-respected international brand names in tires, including Dunlop, Kelly, Fulda, Sava, and Debica. The company has expertise in non-tire business that provides rubber products and polymers for a variety of markets.
#6: American Axle & Manufacturing
American Axle & Manufacturing is a global leader in the design, engineering, validation and manufacturing of driveline, metal forming, powertrain, and casting technologies for the automotive industry. To support their customers on global and regional platforms with a focus on quality, operational excellence, and technology leadership, the company has over 25,000 associates operating in more than 90 facilities in 17 countries.
Visteon Corporation is a leading global auto parts supplier that designs, engineers and manufactures innovative electronic products, especially automotive cockpit electronics for vehicle manufacturers. Visteon supplies auto parts to some of the recognized brands in the automobile industry such as Ford, Renault/Nissan, PSA, JLR, VW, Mazda, BMW, GM, Honda, Daimler, and others.
BorgWarner Inc. is a prominent supplier of components and auto parts in the global automotive industry. The company is well-known for its automotive powertrain products for light vehicles, medium & heavy-duty vehicles, off-Highway, and aftermarket. BorgWarner employs a 27,000 strong workforce in 62 facilities across 17 countries.
Tenneco is headquartered in Lake Forest, Illinois. The company is one of the world’s leading auto parts manufacturers. Their expertise also lies in the distribution of clean air and ride performance products and technology solutions for diversified markets, including light vehicle, commercial truck, off-highway equipment and the aftermarket.
Lear Corporation is a leading supplier of automotive seating and electrical parts. Lear serves its customers with global capabilities while maintaining individual commitment. The company is headquarters in Southfield, Michigan. They operate in 257 locations across 38 countries around the globe and employs approximately 156,000 employees.
# 1: Dana Inc.
Dana Incorporated is one of America’s largest suppliers of the drivetrain, sealing, and thermal-management technologies for auto industry worldwide. The company was founded in 1904 and is headquartered in Maumee, Ohio. Dana Incorporated products have helped to drive some of history’s greatest vehicles such as the World War II-era Jeep®, London taxicabs, 18-wheel rigs, and giant earth-moving machines.
To know more about the top auto parts companies in the US automotive industry