U.S. Motor Vehicle Electrical and Electronic Equipment Market. Analysis and Forecast to 2030
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View PricingU.S.: Market for Motor Vehicle Electrical And Electronic Equipment 2024
Market Size for Motor Vehicle Electrical And Electronic Equipment in the U.S.
In 2023, the U.S. market for motor vehicle electrical and electronic equipment decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. The market value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2018 when the market value increased by X%. Consumption of peaked at $X in 2022, and then shrank in the following year.
Production of Motor Vehicle Electrical And Electronic Equipment in the U.S.
In value terms, production of motor vehicle electrical and electronic equipment declined to $X in 2023. The total output value increased at an average annual rate of X% from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.
Exports of Motor Vehicle Electrical And Electronic Equipment
Exports from the U.S.
In 2023, exports of motor vehicle electrical and electronic equipment from the United States was estimated at X units, rising by X% compared with the year before. Overall, total exports indicated perceptible growth from 2013 to 2023: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked in 2023 and are likely to see gradual growth in years to come.
In value terms, exports of motor vehicle electrical and electronic equipment rose rapidly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to continue growth in the immediate term.
Exports by Country
Mexico (X units) was the main destination for exports of motor vehicle electrical and electronic equipment from the United States, accounting for a X% share of total exports. Moreover, exports of motor vehicle electrical and electronic equipment to Mexico exceeded the volume sent to the second major destination, Canada (X units), threefold. The third position in this ranking was taken by China (X units), with an X% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and China (X% per year).
In value terms, Mexico ($X), Canada ($X) and China ($X) were the largest markets for motor vehicle electrical and electronic equipment exported from the United States worldwide, together accounting for X% of total exports. The UK, Germany, Australia, Singapore, the United Arab Emirates, India, Belgium, Denmark, Hong Kong SAR and Peru lagged somewhat behind, together comprising a further X%.
Among the main countries of destination, Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average export price for motor vehicle electrical and electronic equipment stood at $X per unit in 2023, growing by X% against the previous year. Overall, the export price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Motor Vehicle Electrical And Electronic Equipment
Imports into the U.S.
After four years of growth, supplies from abroad of motor vehicle electrical and electronic equipment decreased by X% to X units in 2023. In general, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports of hit record highs at X units in 2022, and then dropped rapidly in the following year.
In value terms, imports of motor vehicle electrical and electronic equipment rose sharply to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports of attained the peak figure in 2023 and are expected to retain growth in the immediate term.
Imports by Country
In 2023, Mexico (X units) constituted the largest supplier of motor vehicle electrical and electronic equipment to the United States, with a X% share of total imports. Moreover, imports of motor vehicle electrical and electronic equipment from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by Japan (X units), with an X% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).
In value terms, Mexico ($X) constituted the largest supplier of motor vehicle electrical and electronic equipment to the United States, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.
From 2013 to 2023, the average annual growth rate of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).
Import Prices by Country
In 2023, the average import price for motor vehicle electrical and electronic equipment amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, recorded a pronounced decrease. The import price peaked at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for motor vehicle electrical and electronic equipment in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 336320 - Motor vehicle electrical and electronic equipment manufacturing
Companies mentioned:
- Lear Corporation
- Hitachi Automotive Systems Americas
- East Penn Manufacturing Co.
- Remy Holdings
- Stoneridge
- Denso Manufacturing Tennessee
- Unison Industries
- Sumitomo Electric Wiring Systems
- Truck-Lite Co.
- North American Lighting
- Whelen Engineering Company
- Peterson Manufacturing Company
- The W W Williams Company
- Fram Group Operations
- Bbb Industries
- Keihin Carolina System Technology
- Denso Manufacturing Athens Tennessee
- Mitsubishi Electric Automotive America
- Prestolite Wire
- Phillips & Temro Industries
- Am-Mex Products
- Trmi
- Stanley Electric US Co
- Kyungshin-Lear Sales and Engineering
- Tram
- Penske Company
- Valeo North America
- Aees Power Systems Limited Partnership
- Remy International
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
- Production Motor Vehicle Electrical and Electronic Equipment the United States
- Price for Motor Vehicle Electrical and Electronic Equipment the United States
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