Motor Vehicle Parts & Accessories Manufacturing in Ireland - Market Research Report (2014-2029)
London, United Kingdom
Last Updated: August 2024
SIC C29.300IERevenue
€333.2m
Past 5-Year Growth
Profit
€XX.Xm
Employees
3,043
Businesses
70
Wages
€XX.Xm
Motor Vehicle Parts & Accessories Manufacturing in Ireland industry analysis
Part manufacturers mainly produce low-value vehicle parts that can be made more cheaply in other countries, negatively affecting car parts producers. Intense import competition and a lack of investment in the Irish automotive sector have also weighed on revenue. Large companies like Autolaunch and Magna have developed key export markets by innovating products for use in the production of modern vehicles, keeping profit and revenue healthy. Revenue is forecast to tumble at a compound annual rate of 6.1% to €333.2 million over the five years through 2024, including revenue decline of 3% in 2024.
Trends and Insights
- Supply chain issues hit production. Global car production challenges, such as parts and chip shortages, have led to reduced orders for Irish-made components in the automotive industry. Chip shortages are easing boosting EU car production and limiting revenue decline.
- Electronic equipment revenue falters. Despite surging sales of alternatively fuelled cars, electronic equipment revenue suffers due to lower EU car production and supply chain issues affecting orders for Irish-made parts.
- High car usage boosts sales. Dublin's large population and high car usage significantly benefit retailers and wholesalers, driving demand for car parts and repair services.
- Large companies dominate the market. In the car parts manufacturing industry, big companies leverage their economies of scale and long-term supply contracts to capture significant market share.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 6.1 % over the past five years, to reach an estimated €333.2m in 2024.
Trends and Insights
Global car production issues reduce orders of Irish-made parts over time
- Many Irish-produced parts and components are exported to EU and US car producers. Irish companies produce a small range of high-value products for car assemblers, wholesalers and retailers, and a much larger number of low-value parts.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Older cars on Irish roads will pump up sales of parts to the aftermarket
- Rising private car usage will support sales of replacement parts. Customers find it cost-effective to repair vehicles over buying entirely new models.
Biggest companies in the Motor Vehicle Parts & Accessories Manufacturing in Ireland
| Company | Market Share (%)
2024 | Revenue (€m)
2024 |
|---|---|---|
MCi (Mirror Controls International) Ireland Ltd | 159.4 | |
Magna International Autolaunch Ireland Ltd | 89.3 | |
Connaught Electronics Ltd | 71.6 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Electrical and electronic components, Engine components and Seats and interior components. Electrical and electronic components is the largest segment of the Motor Vehicle Parts & Accessories Manufacturing in Ireland.
Trends and Insights
Electronic equipment revenue falters despite alternatively fuelled car sales surging
- Electrical and electronic equipment account for the bulk of revenue, with producers offering a wide range of electrical and electronic components.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Motor Vehicle Manufacturing in Ireland
- Motor Vehicle Dealers in Ireland
- Motor Vehicle Parts Retailers in Ireland
International industries
- Global Auto Parts & Accessories Manufacturing
- Automobile Electronics Manufacturing in the US
- Automobile Steering & Suspension Manufacturing in the US
- Automobile Brakes Manufacturing in the US
- Automobile Transmission Manufacturing in the US
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture car parts (e.g. electric equipment, seats and accessories) for motor vehicle manufacturers and automotive markets.
What's included in this industry?
Electrical and electronic equipmentEngine components Seats and interior components Silencers and suspension systemsCompanies
MCi (Mirror Controls International) Ireland LtdMagna International Autolaunch Ireland LtdConnaught Electronics LtdPurchase this report to view all 4 major companies in this industry.
Related Terms
AFTERMARKETELECTRIC VEHICLE AUTONOMOUS VEHICLEIndustry Code
SIC 29.3 - Motor Vehicle Parts & Accessories Manufacturing in Ireland
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Supply chain issues hit production. Global car production challenges, such as parts and chip shortages, have led to reduced orders for Irish-made components in the automotive...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Electronic equipment revenue falters. Despite surging sales of alternatively fuelled cars, electronic equipment revenue suffers due to lower EU car production and supply chai...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
High car usage boosts sales. Dublin's large population and high car usage significantly benefit retailers and wholesalers, driving demand for car parts and repair services.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Large companies dominate the market. In the car parts manufacturing industry, big companies leverage their economies of scale and long-term supply contracts to capture signif...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Rising car production boosts MCi revenue. Export-focused MCi sees revenue growth as overseas demand increases, despite COVID-19 disruptions and higher input costs impacting o...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of MCi (Mirror Controls International) Ireland Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Magna International Autolaunch Ireland Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Connaught Electronics Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for MCi (Mirror Controls International) Ireland Ltd, and factors influencing its performance in the industry
- Description and key data for Magna International Autolaunch Ireland Ltd, and factors influencing its performance in the industry
- Description and key data for Connaught Electronics Ltd, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The government attracts investment in Irish manufacturing. The Industrial Development Authority focuses on bringing foreign direct investment into Ireland's manufacturing sec...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Import competition forces exits. Intense import competition has driven down prices, prompting unprofitable manufacturers to leave the market and sell their assets.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Ireland include:
- Central Statistics Office
- Department of Enterprise, Trade and Employment
- Irish Tax & Customs
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Motor Vehicle Parts & Accessories Manufacturing industry in Ireland in 2024?
The market size of the Motor Vehicle Parts & Accessories Manufacturing industry in Ireland is €333.2m in 2024.
How many businesses are there in the Motor Vehicle Parts & Accessories Manufacturing in Ireland industry in 2024?
There are 70 businesses in the Motor Vehicle Parts & Accessories Manufacturing industry in Ireland, which has declined at a CAGR of 2.1 % between 2019 and 2024.
Has the Motor Vehicle Parts & Accessories Manufacturing industry in Ireland grown or declined over the past 5 years?
The market size of the Motor Vehicle Parts & Accessories Manufacturing industry in Ireland has been declining at a CAGR of 6.1 % between 2019 and 2024.
What is the forecast growth of the Motor Vehicle Parts & Accessories Manufacturing industry in Ireland over the next 5 years?
Over the next five years, the Motor Vehicle Parts & Accessories Manufacturing industry in Ireland is expected to decline.
What are the biggest companies in the Motor Vehicle Parts & Accessories Manufacturing market in Ireland?
The biggest companies operating in the Motor Vehicle Parts & Accessories Manufacturing market in Ireland are MCi (Mirror Controls International) Ireland Ltd, Magna International Autolaunch Ireland Ltd and Connaught Electronics Ltd
What does the Motor Vehicle Parts & Accessories Manufacturing in Ireland include?
Electrical and electronic equipment and Engine components are part of the Motor Vehicle Parts & Accessories Manufacturing industry.
Which companies have the highest market share in the Motor Vehicle Parts & Accessories Manufacturing in Ireland?
The company holding the most market share in Ireland is MCi (Mirror Controls International) Ireland Ltd.
How competitive is the Motor Vehicle Parts & Accessories Manufacturing industry in Ireland?
The level of competition is high and increasing in the Motor Vehicle Parts & Accessories Manufacturing industry in Ireland.
