Understanding longer-term demand for vehicle components is key to a supplier’s product strategy. Ted Morgan weighs in on auto part demand with ACG Global Middle Market Growth.
Based on our in-depth analysis of the automotive market, we have projected whether demand for various products will rise or fall among original equipment manufacturers (OEMs) for new vehicles and the aftermarket. For some parts, like audio and entertainment components, the trend is already taking hold — it could take 15 or 20 years for others.
Ted Morgan discusses how part suppliers that are at risk can use projections in the market to adjust their product strategy accordingly.