Cars have always been the goldmines of the automotive industry. Now, they have reached a new level of evolution. The American automotive aftermarket companies’ segment is booming due to the increasing demand for products like cameras, sensors, and remote control systems. Americans are now exploring new ways to personalize their vehicles, thanks to their rising income.
What exactly is the American automotive aftermarket companies’ segment? Well, it’s the market where people can find additional parts and components for their vehicles. It is gradually gaining popularity in America, and leading automotive aftermarket companies have successfully transformed themselves into profitable businesses.
Major automobile manufacturers are even considering developing their own in-house products. In addition, they are partnering with top automotive aftermarket companies to maintain their market share and expand their product offerings.
The aftermarket industry is in high demand because millennials are searching for new tools and features for their vehicles. American consumers are increasingly drawn to the high-quality products offered by major automotive aftermarket companies. These custom parts, manufactured by these companies, are becoming more popular than original ones. As a result, America is quickly becoming the largest consumer of products from these companies.
According to the American Automotive Aftermarket Companies’ Market Report from Verified Market Research, this market is growing rapidly. As the demand among Americans continues to increase, the valuation of this market is surpassing that of other well-established segments in the automotive sector. This indicates a highly profitable business landscape.
Now, let’s take a look at America’s top nine automotive aftermarket companies:
1. Robert Bosch – Headquartered in Gerlingen, Germany, Robert Bosch was founded in 1886 by the man himself, Robert Bosch. The company is currently led by CEO Volkmar Denner.
The American automotive aftermarket companies’ segment is an exciting and thriving industry. With the market expanding and consumers seeking innovation and customization, the future looks bright for these companies.
Subsidiaries: BSH Hausgeräte, ETAS, Bosch Rexroth, and more
Products Offered: Automotive parts, power tools, security systems, home appliances, engineering, electronics, cloud computing, IoT.
Robert Bosch plays a vital role within the Bosch brand. The company’s main objective is to create connected solutions for a connected life. Its innovative products and services are considered the most reliable among the suppliers operating in America.
Denso has its headquarters in Kariya, Aichi, Japan. Denso was founded in 1949, and Koji Arima serves as the CEO. The company is owned by Toyota Motor and Toyota Industries.
Subsidiaries: Denso Wave, Denso Techno Co., Ltd.
Products Offered: Oxygen sensors, compressors, starters, alternators, fuel pumps, oil and air filters, wipers
Denso holds the position of the largest parts manufacturer in the American market. It is renowned for its cutting-edge technology and components chosen by top American vehicle companies.
Magna International is headquartered in Aurora, Canada. It was established in 1957 by its founder Frank Stronach, and the current CEO is Seetarama Kotagiri. The company is one of Canada’s largest corporations.
Subsidiaries: Magna Steyr, Magna PT, Cosma International Inc., and more
Products Offered: Automotive
Magna International, a Canadian organization with over fifty years of experience, has consistently provided advanced tools and technologies. This has allowed them to secure a place among the top companies selling secondary parts in America.
Continental Automotive, based in Hanover, Germany, traces its roots back to 1871 when it was founded by Alfred Teves. Today, Prashanth Doreswamy serves as its CEO. The company offers a wide range of automotive products, including tires, brake systems, powertrain and chassis components, and vehicle electronics. Continental Automotive is renowned for its commitment to safety, efficiency, and affordability, making it a prominent player in the American market.
Another notable organization in the automotive industry is ZF Friedrichshafen. Headquartered in Friedrichshafen, Germany, the company was established in 1915 by Ferdinand von Zeppelin. Wolf-Henning Scheider currently leads ZF Friedrichshafen as its CEO, with Zeppelin-Stiftung serving as its parent organization. Apart from being one of the fastest-growing suppliers of aftermarket automotive parts in the U.S., ZF Friedrichshafen excels in developing transmission systems, steering, axle components, electronic systems, and advanced driver-assistance systems (ADAS) that enhance vehicle safety.
Aisin Seiki, based in Kariya, Aichi, Japan, is another prominent player in the automotive industry. While the details of its foundation are not provided, Aisin Seiki is known for its contributions to the field.
History of Aisin Seiki
Aisin Seiki was established in the year 1949 by its visionary founder, Kiichiro Toyoda. Today, the company is led by the esteemed CEO, Fumio Fujimori.
About the Founder
Kiichiro Toyoda, the brilliant mind behind Aisin Seiki, laid the foundation of this flourishing company in 1949. His entrepreneurial spirit and innovative mindset continue to inspire the organization to this day.
The Present Leadership
Leading Aisin Seiki into the future is the accomplished CEO, Fumio Fujimori. With his remarkable guidance and strategic vision, the company remains at the forefront of success and innovation.
Aisin Seiki is a top-notch American association specializing in automotive parts. Their R&D division is at the forefront of the automotive sector in America.
Lear Corporation, headquartered in Southfield, Michigan, has been in operation since 1917. With subsidiaries like Xevo Inc., they offer a wide range of products including seat systems, flooring and acoustic systems, and electrical and electronic distribution systems. Lear Corporation aims to provide exceptional in-vehicle experiences for customers across American markets. They are a member of the prestigious Fortune 500 list and one of the most successful companies in the automotive aftermarket industry in America.
Flex-N-Gate Corporation, founded in 1956 and based in Illinois, is a major player in the automotive industry. With subsidiaries like Ventra Salem, LLC, they offer metal and welded components, assemblies, and plastic parts. Flex-N-Gate Corporation ranks as the 7th largest automotive parts supplier in the US and the 33rd largest in the world. Their reputation for comprehensive services sets them apart from the competition.
Adient is a multinational company based in Ireland that was established in 2016. Under the leadership of Douglas G. DelGrosso, Adient has become a major player in the automotive industry. The company’s roots lie in the Automotive Experience division of Johnson Controls International.
Adient’s subsidiaries include Adient US LLC and Adient Aerospace, LLC, among others. The company offers a wide range of products, including complete seats, commercial vehicle seats, foam, and trim.
One of Adient’s key commitments is to reduce the global carbon footprint, with a particular focus on America. Through the development of new environmentally friendly products and systems, Adient is at the forefront of sustainability efforts. The company is dedicated to minimizing the consumption of natural resources.
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