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Europe: auto suppliers bounce back along with the automakers

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Europe: auto suppliers bounce back along with the automakers

During the final months of 2013, the markets across the European region showed early signs of recovery, allowing automakers and their suppliers to finally rebound after close to six years in drops.

The top 30 suppliers in Europe managed overall sales across the region in 2013 of $183.5 billion, recovering from a 4% loss in 2012 to a 7% gain last year. European sales advanced at 24 of the top 30 parts providers, with 16 of them being based in Europe.

Robert Bosch GMBH – the top supplier in Europe – reported sales of $21.3 billion across the region, a rise from $19.3 billion in 2012. Second placed Continental AG was last year on par with 2012, with sales of $16.4 billion. Magna International, the biggest parts maker in North America, landed in the third spot, with European sales worth $14.1 billion, an increase from 2012’s $12.2 billion. France’s Faurecia dropped to fourth place last year, with a total of $12.9 billion; while ZF Friedrichshafen secured fifth place with $11.9 billion. Bosch also finished last year as the top global supplier, its total worldwide sales volume topping $40.2 billion, growing from $36.8 billion in 2012.

Inside the top 30 rankings, three German makers evidenced themselves, with big year-over-year leaps: Schaeffler jumped from 19th to 14th place; Mahle climbed from 21st to 17th and Draexlmaier exchanged the No.25 spot with No.21.

Via Automotive News Europe

by Aurel Niculescu (my Google+) - Thursday, August 21st, 2014 - filed under Industry, News. Image credit: .
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