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2015 Automotive Market Unit Volume Increases 1% worldwide.
07/11/2016 //
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 their 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 supplying 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. They were 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%.
Automotive connector sales decreased 4% in 2015. Automotive production worldwide increased 1%. Our 14 automotive OEM’s sales declined 2.7% in 2015.
Ronald E. Bishop
Ronald E. Bishop founded Bishop & Associates Inc., a market research firm that specializes in the world electronic connector industry, in 1985. The firm publishes a monthly newsletter titled “The Bishop Report,” and the twice-monthly digital publication Connector Supplier.
The reports, produced by a staff of 20 researchers, focus on geographic regions, end-user equipment markets, connector products, and interconnect technologies.
The firm also provides executive placement services and conducts multi-client studies and customer surveys, and assists in merger and acquisition activity.