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U.S. Motor Vehicle Electrical And Electronic Equipment Market. Analysis And Forecast to 2030
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View PricingPrice for Motor Vehicle Electrical and Electronic Equipment in the United States - 2023
Contents:
- Price for Motor Vehicle Electrical and Electronic Equipment in the United States (CIF) - 2022
- Price for Motor Vehicle Electrical and Electronic Equipment in the United States (FOB) - 2022
- Imports of Motor Vehicle Electrical and Electronic Equipment in the United States
- Exports of Motor Vehicle Electrical and Electronic Equipment in the United States
Price for Motor Vehicle Electrical and Electronic Equipment in the United States (CIF) - 2022
The average import price for motor vehicle electrical and electronic equipment stood at $8.4 per unit in 2022, increasing by 8.7% against the previous year. Over the period under review, the import price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $22 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($15 per unit), while the price for Russia (less than $0.1 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.8%), while the prices for the other major suppliers experienced a decline.
Price for Motor Vehicle Electrical and Electronic Equipment in the United States (FOB) - 2022
In 2022, the average export price for motor vehicle electrical and electronic equipment amounted to $7.1 per unit, surging by 13% against the previous year. Overall, the export price, however, saw a slight descent. The pace of growth appeared the most rapid in 2014 an increase of 22% against the previous year. Over the period under review, the average export prices attained the maximum at $11 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($15 per unit), while the average price for exports to the Philippines ($0.5 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Motor Vehicle Electrical and Electronic Equipment in the United States
In 2022, imports of motor vehicle electrical and electronic equipment into the United States expanded slightly to 2.9B units, picking up by 3.3% on the previous year. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 133% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of motor vehicle electrical and electronic equipment rose significantly to $24.7B in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
Import of Motor Vehicle Electrical and Electronic Equipment in the United States (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 12.0 | 10.1 | 11.8 | 13.4 | 3.7% |
China | 1.9 | 1.4 | 1.6 | 1.7 | -3.6% |
Japan | 1.6 | 1.5 | 1.6 | 1.6 | 0.0% |
Taiwan (Chinese) | 0.8 | 0.8 | 1.0 | 1.1 | 11.2% |
South Korea | 0.5 | 0.5 | 0.7 | 0.9 | 21.6% |
Honduras | 0.4 | 0.4 | 0.7 | 0.8 | 26.0% |
Vietnam | 0.7 | 0.6 | 0.7 | 0.7 | 0.0% |
Germany | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
Thailand | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
Czech Republic | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Russia | N/A | N/A | N/A | N/A | 0% |
Others | 3.2 | 2.6 | 3.2 | 3.6 | 4.0% |
Total | 21.8 | 18.4 | 22.0 | 24.7 | 4.3% |
Top Suppliers of Motor Vehicle Electrical and Electronic Equipment to the United States in 2022:
- Mexico (874.6M units)
- Russia (378.1M units)
- Japan (348.4M units)
- China (285.8M units)
- South Korea (226.2M units)
- Honduras (169.7M units)
- Taiwan (Chinese) (101.1M units)
- Vietnam (91.9M units)
- Czech Republic (80.9M units)
- Germany (70.6M units)
- Thailand (69.2M units)
Exports of Motor Vehicle Electrical and Electronic Equipment in the United States
Exports of motor vehicle electrical and electronic equipment from the United States expanded slightly to 1B units in 2022, with an increase of 2.2% compared with 2021 figures. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of motor vehicle electrical and electronic equipment surged to $7.1B in 2022. Over the period under review, exports, however, showed a slight setback. The exports peaked at $7.4B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Motor Vehicle Electrical and Electronic Equipment in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 2,493 | 1,905 | 2,236 | 2,643 | 2.0% |
Canada | 2,483 | 1,788 | 1,722 | 2,153 | -4.6% |
China | 273 | 396 | 365 | 366 | 10.3% |
Germany | 259 | 177 | 208 | 253 | -0.8% |
United Kingdom | 381 | 235 | 190 | 216 | -17.2% |
Japan | 92.1 | 85.8 | 102 | 107 | 5.1% |
Singapore | 57.6 | 57.8 | 48.1 | 63.7 | 3.4% |
India | 35.4 | 31.4 | 42.6 | 62.7 | 21.0% |
United Arab Emirates | 48.2 | 41.8 | 42.3 | 56.2 | 5.3% |
Belgium | 30.9 | 31.4 | 45.2 | 39.9 | 8.9% |
Hong Kong SAR | 15.7 | 11.2 | 14.3 | 17.6 | 3.9% |
Philippines | 13.7 | 12.4 | 14.9 | 10.1 | -9.7% |
Others | 1,230 | 1,016 | 1,126 | 1,140 | -2.5% |
Total | 7,413 | 5,789 | 6,156 | 7,128 | -1.3% |
Top Export Markets for Motor Vehicle Electrical and Electronic Equipment from the United States in 2022:
- Mexico (377.8M units)
- Canada (139.4M units)
- China (132.0M units)
- Germany (28.2M units)
- United Kingdom (27.3M units)
- Japan (21.0M units)
- Philippines (20.2M units)
- India (20.0M units)
- Belgium (15.8M units)
- United Arab Emirates (12.0M units)
- Singapore (9.7M units)
- Hong Kong SAR (3.8M units)
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
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