Top 5 Automotive Aftermarket Suppliers Worldwide
Many automotive aftermarket suppliers & repair businesses are heading towards new opportunities and challenges. Components like cameras, sensors, and software will constitute an increasing part of future vehicles. You can make your car more than better in its looks and features, by giving good repairing products and services. Here are some of the best companies across the globe that supply top quality automotive products and provide unmatched services in India :
1. Robert Bosch GmbH
Robert Bosch GmbH or simply Bosch is a famous domain in India. Some people are under the idea that Bosch is a car-producing company but, the fact is that Bosch produces the goods to keep your car conditioned. It is one of the largest automotive aftermarket car parts suppliers. This is also a very familiar name amongst car enthusiasts. It is easy to recognize the quality of the spare parts and the services provided by the company through their affirmative business development in the last few years. The company saw positive business development in 2018, Europe with sales rising to 41 billion euros. This equates to an increase of 2.1 percent, or 3.7 percent after adjusting for exchange-rate effects. Most of this growth came from Germany and Austria. Bosch is one of the world’s largest automotive suppliers and is active in various subsegments. The business sector comprises the following divisions:
- Powertrain Solutions
- Chassis Systems Control
- Starter Motors and Generators and others
According to preliminary figures, the supplier of technology and services generated sales from operations of 77.9 billion euros last year. Sales results were hit hard by exchange-rate effects to the tune of 2.1 billion euros. Adjusted for exchange-rate effects, revenue rose 4.3 percent. The mobility solution contributed around euro 47 billion in 2018. This clearly states that Bosch is leading in their product service worldwide and you can easily get their products and other automotive services very easily in your vicinity.
2. Denso Corp
As you must have realized by now, Denso is a Japanese manufacturing company. Just like Bosch, it is specialized in Automotive products and services. It was earlier a subsidiary company of Toyota but it broke ties several years ago, however, Toyota still holds a quarter of the stakes in the company and you would be surprised to know that even Bosch, an automotive supplier itself, holds 5% of the stakes in Denso’s ownership! Denso’s automotive services are best known in Japan and gradually it is taking root throughout the world. Denso majorly supplies automotive parts or spare parts to Toyota and thus if you own a Toyota, you can always ask for Denso’s supplies or products. With manufacturing as its core, Denso invests in its 211 facilities in 35 countries for producing thermal, powertrain, mobility, electrification, and electronic systems. Denso’s revenue in 2019 was 5,362.8 billion yen ($48.3 billion). And by incorporating the electrical aids, it is broadening its fan base amongst automobile freaks.
3. Magna International Inc.
Magna International Inc. is a mobility tech company that is helping pave the way to the future with innovative products and processes. The company has more than 174,000 entrepreneurial-minded employees and 348 manufacturing operations and 91 product development, engineering, and sales centers in 28 countries. Its innovations are at par with any other similar company because of its promise to Mother Earth. Unlike other automotive suppliers or automobile manufacturers, their goal is to combine strength with sustainability. In very simple terms sustainability is a process that would help our future generations to lead a life as we can by rethinking the expenditure of resources and utilizing them without hampering their existence. To collaborate such a wonderful idea in products that were made to ‘pollute’ is in itself one of a kind approach and that is what makes Magna stand out from others.
4. Continental AG
Continental AG or Continental or simply Conti is an automotive parts and high-quality tyre producing company based in Germany. Its umbrella branches all across the world add up to its assets. Its tagline says, ‘future in motion’, and Continental tries to prove it with every product they manufacture. They aim to provide top-quality products at rates affordable by everyone. Tyres from Continental are loved by Indians due to their rough and tough nature; these promise a smooth ride even on the most rugged terrains. The Continental Corporation comprises 572 companies, including non-controlled companies, in addition to the parent company Continental AG. The Continental team is made up of 243,226 employees at a total of 544 locations in 60 countries and markets. The postal addresses of companies under our control are defined as locations. The company’s 2018 Corporate sales amounted to €44,404 million in the 2018 fiscal year. Automotive sales accounted for €26.9 billion. You must have heard people talking about their Continental tyres so casually that it is almost used synonymously with good quality tyres in India and other south-east Asian countries.
5. ZF Friedrichshafen AG
ZF is a global automotive supplier company that originated in Germany. It is known for its products dealing in technological advancements and supplies systems for passenger cars, commercial vehicles, and industrial technology, enabling the next generation of mobility. The company’s financial base remains strong with sales rising to €36.9 billion in 2018. The Group invested €2.5 billion in research and development and €1.6 billion in property, plant, and equipment, and intangible assets. ZF was able to achieve sales growth in all regions which, however, was impacted by negative exchange rate effects. Due to the stable market development in Europe, sales in 2018 amounted to €17,390 million across all divisions. Some of its best-selling products include transmission systems, steering, axle components, electronic systems, advanced driver-assistance systems (ADAS), inflatable restraint systems/airbags, seat belt systems, braking systems, etc. this company is comparatively newer and so are the technologies produced by it. If you are looking for an installment that will give your car an extra edge over the others then you should try its products and services.
These are the details about the Top 5 Automotive Aftermarket Suppliers Worldwide.
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