World Automotive Aftermarket

Study Publication Date: April 2001 Freedonia Industry Study #1408 Price: $4,500 Pages: 408 World Automotive Aftermarket World Automotive Aftermarket, a new study from The Freedonia Group, provides you with an in-depth analysis of the major trends in the world automotive aftermarket and the outlook for product segments -- critical information to help you with strategic planning.

This brochure gives you an indication of the scope, depth and value of Freedonia's new study, World Automo- tive Aftermarket. Ordering information is included on the back page of the brochure.

Brochure Table of Contents

Study Highlights ...... 2 Study Table of Contents and List of Tables and Charts ...... 4 Sample Pages and Tables from: Market Environment...... 6 World Supply and Demand...... 7 Supply and Demand by Country and Region...... 8 Industry Structure ...... 9 Company Profiles ...... 10 List of Companies Profiled ...... 11 Forecasting Methodology ...... 12 About the Company ...... 13 Advantages of Freedonia Reports ...... 13 About Our Customers ...... 14 Related Studies ...... 15 Ordering Information...... 16 Study Highlights

• Global demand for automotive aftermarket products will advance 6.1 percent per year to $144 billion in 2005.

• Gains will be driven by a rise in the number of light vehicles in use, continued maintenance and repair of older vehicles in the developing regions of the world and greater use of higher value automotive electronics.

• Mechanical and electrical products account for 55 percent of overall demand; however, these are largely mature products which are subject to intense price competition.

• The aftermarket for electronic products such as controls, modules, sound systems and components, navigation systems and security systems, will outpace demand in the more mature mechanical and electrical products segments.

• The US and Japan account for almost half the world's shipments, followed by Germany, France, Italy, the United Kingdom, Canada and Brazil.

• Leading suppliers include Dana, Delphi Automotive Systems, Federal-Mogul and Tenneco of the US; Aisin Seiki and Denso of Japan; Robert Bosch and Siemens of Germany; Tomkins of the United King- dom; and Valeo of France.

World Automotive Aftermarket #1408 Freedonia Industry Study 2 Study Highlights World Automotive Aftermarket Demand by Region, 2000

North America 30.8%

Western Europe 34.6%

Other World 11.2%

Asia/Pacific 23.4%

World Automotive Aftermarket Demand (billion US dollars) % Annual Growth Item 1990 2000 2005 2010 90/00 00/05

Light Vehicles in Use (mil vehicles) 543.2 690.3 771.0 855.0 2.4 2.2 $ aftermarket/vehicle 104 155 187 222 -- -- Sample Table Auto Aftermarket Demand 56.5 107.2 143.9 189.8 6.6 6.1 North America: 20.0 33.0 43.8 58.3 5.1 5.9 United States 17.3 27.9 36.8 48.7 4.9 5.7 Canada & Mexico 2.7 5.1 7.0 9.6 6.4 6.6 Western Europe 20.1 37.1 48.3 61.2 6.4 5.4 Asia/Pacific: 10.0 25.1 35.2 47.5 9.6 7.0 Japan 7.1 16.6 22.1 28.3 8.9 5.9 Other Asia/Pacific 2.9 8.5 13.1 19.1 11.4 9.0 Other World 6.4 12.0 16.6 22.8 6.5 6.7

World Automotive Aftermarket #1408 Order form on last page 3 I. EXECUTIVE SUMMARY Summary Table ...... 3

Table of Contents II. MARKET ENVIRONMENT General ...... 4 World Economic Overview ...... 5 Tables - World Gross Domestic Product by Region ...... 9 World Population Overview ...... 9 Tables and Charts are featured for each region and Tables - World Population by Region ...... 10 country. Historical data and forecasts are presented World Light Vehicle Overview ...... 11 for 1995, 2000, 2005 and 2010. Light Vehicle Sales ...... 11 Tables - World Light Vehicle Sales by Region ...... 12 Light Vehicles in Use ...... 12 Tables - World Motor Vehicles in Use by Region ...... 14 Environmental & Regulatory Considerations ...... 14 Pricing Trends ...... 16 For each country/region, the following are given: World Automotive Components Overview ...... 17 Tables - World Automotive Components Demand ...... 20 Population (million persons) OEM Market ...... 20 GDP/capita Aftermarket ...... 21

Gross Domestic Product (bil 98 US$) III. WORLD SUPPLY & DEMAND General ...... 22 vehicles/mil $ GDP Tables - World Automotive Aftermarket Demand by Region ..... 23 Demand by Region ...... 23 Light Vehicles Sales (000) Chart - World Automotive Aftermarket Demand by Region, 2000 ...... 24 vehicles/000 persons Shipments by Region ...... 24 Light Vehicles in Use (mil vehicles) Chart - World Automotive Aftermarket Shipments by Region, 2000 ...... 27 $ aftermarket/vehicle Tables - World Automotive Aftermarket Shipments by Region ... 26 Demand by Product ...... 27 Tables - World Automotive Aftermarket Demand by Product .... 28 Automotive Aftermarket Demand Mechanical Products ...... 29 Mechanical Products Tables - World Automotive Aftermarket -- Engine & Drivetrain Mechanical Products ...... 30 Exhaust/Emission Engine & Drivetrain ...... 30 Filters Exhaust & Emission ...... 31 Brake Parts & Assemblies Filters ...... 31 Brake Parts & Assemblies ...... 32 Other Mechanical Products Other Mechanical Products ...... 32 Electrical Products Electrical Products ...... 33 Batteries Tables - World Automotive Aftermarket -- Ignition Systems & Parts Electrical Products ...... 34 Lighting Equipment Ignition Systems & Parts ...... 34 Other Electrical Products Batteries ...... 35 Lighting Equipment ...... 36 Electronic Products Other Electrical Products ...... 36 Controls & Modules Electronic Products ...... 37 Autosound Tables - World Automotive Aftermarket -- Security Systems Electronic Products ...... 38 Controls & Modules ...... 38 net exports Autosound ...... 39 Automotive Aftermarket Shipments Security Systems ...... 39 International Trade ...... 41 Tables - Automotive Aftermarket Net Exports by Region ..... 42

IV. NORTH AMERICA Macroeconomic & Light Vehicle Overview ...... 43 Aftermarket Demand ...... 45 United States ...... 48 Macroeconomic & Light Vehicle Overview ...... 48 Aftermarket Demand ...... 50

World Automotive Aftermarket #1408 Freedonia Industry Study 4 Saudi Arabia ...... 156 Canada ...... 53 Macroeconomic & Light Vehicle Overview ...... 156 Macroeconomic & Light Vehicle Overview ...... 53 Aftermarket Demand ...... 158 Aftermarket Demand ...... 55 Turkey ...... 159 Mexico ...... 56 Macroeconomic & Light Vehicle Overview ...... 159 Macroeconomic & Light Vehicle Overview ...... 56 Aftermarket Demand ...... 161 Aftermarket Demand ...... 59 Other Africa/Mideast ...... 164 Macroeconomic & Light Vehicle Overview ...... 164 V. LATIN AMERICA Aftermarket Demand ...... 165 Macroeconomic & Light Vehicle Overview ...... 62 Aftermarket Demand ...... 65 IX. ASIA/PACIFIC Brazil ...... 68 Macroeconomic & Light Vehicle Overview ...... 167 Macroeconomic & Light Vehicle Overview ...... 68 Aftermarket Demand ...... 169 Aftermarket Demand ...... 70 Japan ...... 172 Argentina ...... 74 Macroeconomic & Light Vehicle Overview ...... 172 Macroeconomic & Light Vehicle Overview ...... 74 Aftermarket Demand ...... 174 Aftermarket Demand ...... 76 Other Asia/Pacific ...... 178 Other Latin America ...... 78 Macroeconomic & Light Vehicle Overview ...... 178 Macroeconomic & Light Vehicle Overview ...... 78 Aftermarket Demand ...... 179 Aftermarket Demand ...... 80 Australia ...... 182 Macroeconomic & Light Vehicle Overview ...... 182 VI. WESTERN EUROPE Aftermarket Demand ...... 183 Macroeconomic & Light Vehicle Overview ...... 85 South Korea ...... 185 Aftermarket Demand ...... 88 Macroeconomic & Light Vehicle Overview ...... 185 Germany ...... 90 Aftermarket Demand ...... 187 Macroeconomic & Light Vehicle Overview ...... 90 China ...... 189 Aftermarket Demand ...... 92 Macroeconomic & Light Vehicle Overview ...... 189 France ...... 95 Aftermarket Demand ...... 191 Macroeconomic & Light Vehicle Overview ...... 95 Taiwan ...... 194 Aftermarket Demand ...... 97 Macroeconomic & Light Vehicle Overview ...... 194 Italy ...... 100 Aftermarket Demand ...... 195 Macroeconomic & Light Vehicle Overview ...... 100 Thailand ...... 197 Aftermarket Demand ...... 102 Macroeconomic & Light Vehicle Overview ...... 197 United Kingdom ...... 104 Aftermarket Demand ...... 199 Macroeconomic & Light Vehicle Overview ...... 104 India ...... 202 Aftermarket Demand ...... 105 Macroeconomic & Light Vehicle Overview ...... 202 Spain ...... 108 Aftermarket Demand ...... 204 Macroeconomic & Light Vehicle Overview ...... 108 Indonesia ...... 206 Aftermarket Demand ...... 109 Macroeconomic & Light Vehicle Overview ...... 206 Other Western Europe ...... 112 Aftermarket Demand ...... 207 Macroeconomic & Light Vehicle Overview ...... 112 Malaysia ...... 210 Aftermarket Demand ...... 113 Macroeconomic & Light Vehicle Overview ...... 210 Aftermarket Demand ...... 211 VII. EASTERN EUROPE Miscellaneous Asia/Pacific ...... 213 Macroeconomic & Light Vehicle Overview ...... 118 Macroeconomic & Light Vehicle Overview ...... 213 Aftermarket Demand ...... 121 Aftermarket Demand ...... 214 Russia ...... 124 Macroeconomic & Light Vehicle Overview ...... 124 X. INDUSTRY STRUCTURE Aftermarket Demand ...... 127 General ...... 220 Poland ...... 130 Industry Composition & Market Share ...... 222 Macroeconomic & Light Vehicle Overview ...... 130 Chart - World Automotive Aftermarket Aftermarket Demand ...... 131 Producers Market Share, 2000 ...... 224 Czech Republic ...... 134 Industry Restructuring ...... 224 Macroeconomic & Light Vehicle Overview ...... 134 Tables - Selected Acquisitions & Divestitures ...... 226 Aftermarket Demand ...... 135 Marketing & Distribution ...... 233 Other Eastern Europe ...... 139 Cooperative Agreements ...... 238 Macroeconomic & Light Vehicle Overview ...... 139 Tables - Selected Cooperative Agreements ...... 239 Aftermarket Demand ...... 141 Competitive Strategies ...... 246 Product Differentiation ...... 247 VIII. AFRICA/MIDEAST Low Cost Leadership ...... 247 Macroeconomic & Light Vehicle Overview ...... 147 Vertical Integration ...... 248 Aftermarket Demand ...... 149 Globalization ...... 249 South Africa ...... 152 Brand Loyalty & Price Competition ...... 250 Macroeconomic & Light Vehicle Overview ...... 152 Company Profiles ...... 252 Aftermarket Demand ...... 154

World Automotive Aftermarket #1408 Order form on last page 5 Market Environment

The Market Environment Section discusses key indicators that drive global automotive aftermarket demand, including light vehicle sales, environmental considerations, and Freedonia’s uniquely developed macroeconomic MARKET ENVIRONMENT indicators. World Automotive Components Overview This information provides you with an understanding and an analysis of the Demand for automotive components (both OEM and aftermarket) will increase 5.6 percent annually to $718 billion in the year 2005. Automotive components climate in which the global automotive supply and demand are influenced most directly bySAMPLE light vehicle marketPAGE dynamics, aftermarket operates and helps you whether viewed from a global, regional, or country-by-country perspective. But build your market strategy to sustain the nature of the relationship and types of interactions involved vary depending long-term growth. upon the parameter being examined -- shipments versus sales, original equipment versus aftermarket demand, etc. Less specifically vehicular-related factors enter in as well, such as the country’s level of industrialization and the stage of evolution of industrial technology.

The ability of a country to sustain an indigenous automotive components manufacturing industry is a function of several factors, the most important of which are the existence of a relatively large home market for such products and possession of the adequate design/production/process technology (including availability and quality of labor, materials and other factors of production). For example, the structure and evolution of the local automotive components manufacturing industry in a country are likely to be influenced by the composition of the market, especially with respect to the relative distribution between original equipment and aftermarket demand. Thus, auto parts and components industries tend to spring up in countries possessing indigenous motor vehicle manufacturing complexes. Moreover, industries in these types of countries tend to be more technologically sophisticated than those of other countries, since expertise gained in supplying local automakers (e.g., familiarity with automaker specifications) can be leveraged into competitive advantage in the aftermarket.

Component industries based in countries whose automakers are globally oriented can reap even greater benefits, to the extent that offshore transplant facilities

World Automotive Aftermarket #1408 Freedonia Industry Study 6 World Supply & Demand

The World Supply and Demand WORLD SUPPLY & DEMAND Section highlights the key issues that have affected the global automotive Mechanical Products Demand - Filters aftermarket over the past ten years and Filters sold in the worldwide automotive aftermarket totaled $7.4 billion in the summarizes contributing growth SAMPLE PAGE factors. year 2000, accounting for twelve percent of total mechanical product sales. These products (including fuel, oil, transmission fluid, coolant, air and water filters) are among the most frequently replaced engine components, as they are designed to This information helps you: sacrifice themselves to prevent particulate matter (such as dirt and bits of metal) from getting into the engine, where more serious damage can occur. More so for filters than for other engine components, there is a considerable do-it-yourself • Focus your sales and marketing (DIY) segment of the market, due to the relative ease with which filters can be efforts on high growth areas. replaced, their low cost and ready availability at a wide variety of retail outlets, particularly in the developed nations. The bulk of demand is located in such markets, due to more frequent filter changes. However, competitive pricing and • Propose new areas for development the increasing impact of quick-lube franchises (which generally change a number of filters as well) will moderate rapid growth in filter volume. Demand for aftermarket filters will increase 5.8 percent per year to $9.8 billion in 2005.

Brake Parts & Assemblies -- Brake parts and assemblies sold in the aftermarket recorded total worldwide sales of $6.2 billion in the year 2000, ten percent of total mechanical parts demand. The bulk of demand is accounted for by the replacement of worn drums, calipers, rotors and brake pads. However, in the developed nations, where vehicles are more likely to be built with anti-lock brake systems (ABS), the replacement of parts of these systems accounts for a growing percent- age of the total, mostly due to higher prices. In the developing nations, demand is still largely driven by replacement of standard drum and disc brakes, largely due to World Automotive Aftermarket -- Electrical Products Demand rugged terrain and rough roads. Demand for brake aftermarket products will (million U.S. dollars) increase 6.3 percent annually to $8.4 billion in 2005.

Item Other Mechanical1990 Products 1995 -- 2000 Sales of miscellaneous 2005 2010 engine and drivetrain products in the global aftermarket were $11.4 billion in the year 2000, accounting World Light Vehicles in Use (mil) 543.2 613.3 690.3 771.0 855.0 $/vehicle 26 31SAMPLE 36 TABLE 41 49 World Electrical Products Demand 14181 18686 24541 31930 41495 Ignition Systems & Parts 4370 5870 7691 9885 12680 Batteries 4615 5684 7343 9670 12865 Lighting Equipment 1976 2720 3686 4850 6310 Other Electrical Products 3220 4412 5821 7525 9640

World Automotive Aftermarket #1408 Order form on last page 7 Supply & Demand by Country & Region

These Sections analyze supply and demand trends and consider LATIN AMERICA the threats and opportunities in each Argentina - Macroeconomic & Light Vehicle Overview country and region.

Argentina trails only Brazil as the most industrialized nation in Latin America, with manufacturing activity accounting for approximately one-quarter of the country’s GDP. Economic growth was extremely sluggish throughout virtually the entire 1980s, as sporadic politicalSAMPLE and social instabilityPAGE adversely affected new private investment. In addition, high inflation, external debt servicing problems, high public sector deficits and lingering manufacturing inefficiencies combined to prevent the country from reaching its potential. The level of industrialization, in fact, actually declined moderately during the 1970s and 1980s in the face of these France Automotivedifficulties. Aftermarket (million U.S. dollars) In response to a series of reform initiatives on the part of the Menem government during the early 1990s, the groundwork for a more sustained pattern of economic Item 1990expansion 1995 was laid. 2000 In particular, 2005 the Argentine 2010 peso was tied to the US dollar, and there has been strong support for maintaining the regime even in the face of (sometimes intense) political pressures to devalue. As a result of these policy Light Vehicles in Use (mil vehicles) 27.2initiatives, 29.5 real GDP 31.7 grew strongly 32.9 through 34.8 1994, and inflation was reduced $ aftermarket/vehicle 136 174 219 274 331 substantially. But the Argentine economy suffered fallout from the Mexican peso crisis in 1995, with GDP growth turning negative. A budding ASIA/PACIFICrecovery emerged in Automotive Aftermarket Demand 3696 5139 6931 9015 11525 1996, however, and growth accelerated markedly in 1997 before slowing again in Mechanical Products: 2105 2833 3706 4680 5760 Engine & Drivetrain 9501998Taiwan and1249 contracting - Aftermarket 1605 outright Demand 1990 in 1999 in 2400 connection with the global financial Exhaust/Emission 297crisis. Despite 405 the initial 537 successes 675 of economic 820 reform, concerns remain, Filters 242includingDemand 340an for elevated automotive 464 current aftermarket account 610 deficit products 780 and in persistently Taiwan will high advance rates of8 percent Brake Parts & Assemblies 191unemployment.annually 289 to $1.2 billion 400 in the 530 year 2005, 680 spurred primarily by expansion in the Other Mechanical Products 425vehicle 550park.SAMPLE Taiwan 700 already 875PAGE boasts one1080 of the largest vehicle density ratios in the Electrical Products: 987Theregion, creation1272 at 237 of thevehicles 1610Mercosur per 20301,000trading persons bloc 2555 has in theproven year advantageous 2000 (following to the only Batteries 255ArgentineAustralia, 303motor Japan vehicle and 380 South industry, Korea), 500 prompting and 670as new the vehicle return ofsales several boost automakers the vehicle park, Ignition Systems & Parts 305 391 482 580 690 whichdemand had willearlier also left advance. the country (including General Motors and DaimlerChrysler). Lighting Equipment 146 192 243 300 365 The agreement also sparked renewed capital investment throughout the Argentine Other Electrical Products 281 386 505 650 830 Electronic Products: 604Taiwan1034 possesses 1615 a significant 2305 automobile 3210 aftermarket industry, and is one of only Controls & Modules 285a few in 565 the region 953 which are1400 net exporters. 2000 Although some exports are made to Autosound 278distant markets 381 such 505 as North 650 America 820and Western Europe, most foreign Security Systems 41shipments 88 are to other 157 Asian 255 nations. There 390 are a number of Taiwanese companies active in the manufacture of automotive aftermarket parts, both for net exports 747consumption 901 in Taiwan1119 and 1485 for export 1975 to other nations. Multinational manufac- Automotive Aftermarket Shipments 4443turers of 6040 automotive 8050 aftermarket 10500 products 13500 with operations in Taiwan include

World Automotive Aftermarket #1408 Freedonia Industry Study 8 Industry Structure Sample page from Freedonia Industry Study

Gain#1111 a better World global Security understanding Products of & Sys- yourtems competition and analyze your company's position in the industry with information about: INDUSTRY STRUCTURE • industry composition & market share Marketing & Distribution

• industry restructuring The marketing of automotive parts and components is a very important aspect of the business. However, there are considerable differences in the way that OEM and • cooperative agreements aftermarket products are marketed. OEM products are sold directly to a small number of buyers (the automakers) and competitive factors include cost competi- tiveness, quality and adherence to the OEM’s specifications. In the aftermarket, • marketing & distribution on the other hand, there are literally millions of potential customers who can be reached through a multitude of channels. Sales are made directly to car owners (for easily replaced items and • competitive strategies SAMPLE PAGE - product differentiation do-it-yourselfers) and to numerous repair facilities, aftermarket modification businesses and an increasing range of retail establishments, including supermarkets, - low cost leadership discount stores, drugstores and gas stations. - vertical integration - globalization Although cost considerations are important in the OEM end of the market, - brand loyalty & price competition adherence to specs is more so. In the aftermarket, products are often not intended for one vehicle only, and for each part required, there are several different potential vendors with similar, but not exactly the same, products. As a result, cost competition is far more intense in the aftermarket.

A new and growing method of marketing is the utilization of the Internet. Through the Internet, customers (consumers, wholesalers or retailers) can access websites from a number of companies. By making this channel of communications available to customers, manufacturers can speed up ordering and delivery, expand their base of customers and get immediate feedback from customers. Examples of such moves in recent years include Federal-Mogul’s 2000 launch of a web site specifically geared to its force of European aftermarket distributors; and the launch of websites by Bosch and Delphi Automotive.

Advertising, through print media, sponsorship of sporting events (primarily car racing), and electronic media, is also important to the marketing goals of

World Automotive Aftermarket #1408 Order form on last page 9 Company Profiles

The profiles section analyzes 50 companies active in the world automotive aftermarket. These profiles repre- sent a sampling or cross-section of the

types of companies involved in the COMPANY PROFILES industry. Fiat SpA Via Nizza 250 Divisions, subsidiaries, joint 10125 Turin Italy ventures, etc., are discussed under 39-66-61111 appropriate parent companies. Magneti Marelli SpA Viale Aldo Borletti 61/63 Sources for profiles included: 20011 Corbetta Italy • Information provided by 39-29-722-7111 key staff members in the respective companies The Company participates in the global automotive aftermarket industry through the Components division of its Other Automotive Sectors segment. The Components division, which accounted for $4.1 billion of Fiat’s 2000 revenues, • Annual reports operates through the Company’s MagnetiSAMPLE Marelli SpA PAGE subsidiary (Italy) and its subsidiaries. Magneti Marelli consists of five divisions: Suspension Systems and Shock Absorbers, Interior and Body Systems, Powertrain Systems, Electronic • 10-K reports Systems, and Aftermarket and Services. The company markets its products under such brand names as MAGNETI MARELLI, CARELLO, JAEGER, COFAP, • Security analysts reports SOLEX, WEBER, VEGLIA BORLETTI and AUTOMOTIVE LIGHTING. Customers include such original equipment manufacturers as Fiat, Ford Motor Company (Dearborn, Michigan), Renault SA (France), Volkswagen AG (Germany) • Corporate product literature and its Audi AG business (Germany), DaimlerChrysler AG (Germany), PSA Peugeot Citroen (France), General Motors Corporation (Detroit, Michigan), Nissan Motor Company Limited (Japan), Toyota Motor Corporation (Japan) and the Daewoo Motor Company Limited (Korea) division of Daewoo Corporation (Korea).

In January 2001, the Company announced plans to sell off Magneti Marelli’s business units piecemeal. Accordingly, in March 2001, Fiat and ThyssenKrupp

World Automotive Aftermarket #1408 Freedonia Industry Study 10 Companies Aisin Seiki Company Limited Ikeda Bussan Company Limited Akebono Brake Industry Company Limited Kenwood Corporation Profiled Amak Brake LLC Lear Corporation Ambrake Corporation UT Automotive Incorporated Alps Electric Company Limited Mark IV Industries Incorporated Alcom Automotive Incorporated Purolator Products Company Alpine Electronics Incorporated Midas Incorporated ArvinMeritor Incorporated Modine Manufacturing Company Arvin Industries Incorporated Manufacturera Mexicana de Partes de Automoviles Meritor Automotive Incorporated Nikkei Heat Exchanger Company Limited Tempered Spring Company Monro Muffler Brake Incorporated Autobacs Seven Company Limited Motorola Incorporated AutoZone Incorporated Nissan Motor Company Limited BBA Group plc Calsonic Kansai Corporation Boots Company plc EXEDY Corporation Halfords Limited Fuji Univance Corporation BorgWarner Incorporated JATCO Transtechnology Limited Kuhlman Corporation Jidosha Denki Kogyo Company Limited Bosal Benelux NV Tennex Corporation Bosch (Robert) GmbH Yorozu Corporation Automotive Lighting GmbH Pep Boys - Manny, Moe & Jack Blaupunkt-Werke GmbH Pioneer Corporation ZF Lenksysteme GmbH Qualitor Incorporated BREED Technologies Incorporated Anstro Corporation Hamlin Incorporated Siemens AG VTI Hamlin Oy Atecs Siemens Automotive AG Continental AG Keihin Automotive Restraint Systems ContiTech Holding GmbH Mannesmann Rexroth AG Cooper Tire & Rubber Company Motorola Lighting Nishikawa Standard Company Osram GmbH Siebe Automotive Sony Corporation DaimlerChrysler AG Tenneco Automotive Incorporated Mopar Monroe Auto Equipment Dana Corporation Walker Manufacturing Company Drive Tek TMD Friction Holding GmbH Delphi Automotive Systems Corporation Tomkins plc Denso Corporation ACD Tridon Incorporated Eaton Corporation Gates Rubber Corporation Exide Corporation Toyota Motor Corporation GNB Technologies Incorporated TRW Incorporated Federal-Mogul Corporation LucasVarity plc Fiat SpA Shanghai TRW Automotive Safety Systems Co. Magneti Marelli SpA Valeo SA SEIMA SpA VARTA AG Sistemi Sospensioni SpA Enertec Mexico Viasat SpA NBT GmbH Ford Motor Company VB Autobatterie GmbH GKN plc Visteon Corporation Meineke Discount Muffler Shops Incorporated BV Chassis Systems LLC Goodyear Tire & Rubber Company LTD Parts Incorporated Honeywell International Incorporated Vodafone Group plc AlliedSignal Incorporated Atecs Mannesmann AG Autolite Mannesmann AG FRAM Yuasa Corporation Garrett Corporation Johnson Controls Incorporated

World Automotive Aftermarket #1408 Order form on last page 11 Forecasting Methodology

Freedonia does not just collect and reprint data; Freedonia develops data. Our analysts thoroughly investigate an industry by extensively interviewing key industry participants and analyzing information from sources such as associations, government and trade literature. Once this The Freedonia research is complete, Freedonia establishes Economics Group Freedonia one set of forecasts. All writing, editing In-house Research Consistent framework and forecasting is done in-house to assure of indicators on . . . • Quantitative forecasting quality and consistency. In cases where • Light Vehicle Sales • Industry structure & market • Gross Domestic Product share analyses data does not exist, Freedonia develops the • World Population • Product analyses & forecasts data based on input/output ratios, bills of . . . and many others materials and flow charts. The following chart summarizes Freedonia's methodology.

Methodology for World Automotive Aftermarket

Proprietary Extensive Interviews Electronic Database • Key participants • Trade publications • Industry experts • Government reports • End-users • Corporate literature • Online databases . . . and many others

World Automotive Aftermarket #1408 Freedonia Industry Study 12 The Freedonia Group, Inc. is a leading international industry study/ About database company. The Freedonia Group Since 1985, Freedonia has published over 1,600 titles covering areas such as plastics, chemicals, coatings and adhesives, building materials, industrial components and equipment, health care, packaging, household goods, security, and many other industries.

Freedonia has produced a wide variety of titles, including:

• World Electric Vehicles • World Batteries • World Rubber & Tire • Automotive Aftermarket in North America

Because Freedonia is a reliable information source, our forecasts are cited in numerous publications such as The Wall Street Journal, The Financial Times, and The Hanson Report.

Advantages In-house operations of Freedonia Reports Because all of our staff work at the same location, interaction between analysts and departments provides a strong system of checks and balances.

Consistency Our Economics Group develops indicators that are used by all analysts. Therefore, every Freedonia study is based on a consistent set of economic assumptions (GDP, light vehicle sales, world population, etc.).

Reliable forecasts Because all of our forecasts consider the environment in which a product or industry is operating, as well as threats and opportunities to the market, Freedonia forecasts are reliable indicators of future performance.

One-on-one interviews All studies are produced by conducting interviews with key industry participants and end-users.

Proprietary electronic database Freedonia’s analysts can tap into an extensive in-house electronic database containing corporate literature (including private company information), trade publications, government reports and many other sources of information.

World Automotive Aftermarket #1408 Order form on last page 13 About Our Customers Freedonia's clients include major US and international companies in the manufacturing, services, consulting and financial sectors.

Typical purchasers of Freedonia studies :

• Key Executives • Corporate Planners • Market Researchers • Financial Analysts • Information Centers • New Product Developers • Merger & Acquisition Specialists

Since 1985 we have provided research to customers ranging in size from global conglomerates to one person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia research to help with their strategic planning.

Some of Freedonia's customers in the automotive aftermarket include: Dana Corporation, Delphi Automotive, Robert Bosch, Siemens and Tomkins.

World Automotive Aftermarket #1408 Freedonia Industry Study 14 Batteries World Rubber & Tire The US batteries industry is analyzed in this World rubber consumption will approach 20 mil- study. It presents historical data (1990, 1995, lion metric tons in 2004. Non-tire rubber will Related Studies 2000) and forecasts to 2005 and 2010 for pri- outpace tire rubber demand, supported by mid- mary and secondary batteries (e.g. alkaline, lead- range elastomers used in industrial rubber hoses, From Freedonia acid, nickel-cadmium) and their respective mar- belts, gaskets and weatherstripping. Tire rubber kets (e.g. consumer, industrial, government, mo- will benefit from the sale of more performance tor vehicles, portable devices). The study also tires, which have shorter service lives than all analyzes economic trends and other factors im- season radials. This study analyzes the 17 million pacting demand, details industry structure, evalu- metric ton world rubber and tire industry to 2004 ates market share and profiles key producers. and 2009. It covers 6 regions and 33 countries, For more information about #1447...... 7/01...... $3,800 details market shares and profiles key firms. #1325...... 10/00...... $4,300 these or other Freedonia titles, please contact us at: Automotive Aftermarket in North World OEM Automotive Electronics Growing electronic content per vehicle will drive America The Freedonia Group, Inc. gains in OEM automotive electronics demand The aftermarket for light vehicle components and parts in North America will grow over 4% Phone: (440) 684-9600 worldwide. Electronic transmissions, fuel injec- tion, air bags and anti-lock brakes will remain annually. Gains will be driven by the growing (800) 927-5900 the largest markets while mobile communica- size and age of the light vehicle park, with the tions and entertainment, enhanced collision increasing durability of newer models a limiting Fax: (440) 646-0484 avoidance and navigation systems grow the fast- factor. Mechanical products will remain the largest. This study analyzes the world OEM auto- est segment while electronics grow the fastest. motive electronics industry to 2005 and 2010 This study analyzes the $45 billion US, Cana- by product, region and key country. It also pre- dian and Mexican automotive aftermarket to sents market share data and profiles key firms. 2004 and 2009 by country and product. It also #1440...... 6/01...... $4,500 profiles key players and presents market shares. #1323...... 9/00...... $4,500

OEM Automotive World Electric Vehicles Electronics in North America World sales of electric vehicles will reach 2.5 mil- The original equipment (OEM) market for auto lion units in 2009, valued at $45 billion. Growth electronics in the US, Canada and Mexico will will be spurred by environmental concerns, pro- grow over 6% per annum. Gains will be fueled by duction mandates and high petroleum prices. the use of electronics to differentiate vehicle mod- Combustion/electric hybrids and fuel cell vehicles els and markup prices. Navigation and instrumen- will be the dominant types, with limited-range tation will lead gains, with head-up displays, col- battery-powered vehicles relegated to niche mar- lision avoidance and intelligent air bags also do- kets. This study analyzes the electric vehicle in- ing well. This study analyzes the North American dustry to 2004 and 2009 by type, class, geo- OEM auto electronics industry to 2004 and 2009 graphic region and in 12 countries. It also details by type and country. It also evaluates market market share and profiles key firms. shares and profiles key companies. #1383...... 2/01...... $4,400 #1254...... 4/00...... $3,700

Automotive Fluids & Chemicals - World Batteries Private Companies Report Primary and secondary battery demand will grow Although not among top producers, private firms nearly 8% per year worldwide, driven by new hold significant shares of this $5.3 billion US and emerging portable electronic devices. The market and/or are segment leaders (e.g., appear- best prospects will remain in less advanced coun- ance products, antifreeze/coolants). Four have tries whose markets are growing fast. Lithium related sales of $50+ million, with 12 others ion- and lithium polymer-based rechargeables and exceeding $50 million in total sales. This report “superpremium” alkaline batteries will lead profiles over 140 private US firms (e.g., Old gains. This study analyzes the US $41 billion World Industries, Radiator Specialty, JD Streett, world battery industry to 2004 and 2009 by type, Turtle Wax), and lists them by product and lo- region and 24 major countries. It also evaluates cation. The report also covers market shares, market shares and profiles key firms. acquisitions and industry demand forecasts. #1347...... 12/00...... $4,600 #1239...... 3/00...... $3,200

World Automotive Aftermarket #1408 Order form on last page 15 How to Order

Ordering Information For more information about our products, Fill out the coupon below and mail it to The Freedonia Group, or please call the Freedonia Customer Service send your order by fax (440) 646-0484, E-mail to Department at (440) 684-9600 or [email protected] (800) 927-5900 or fax (440) 646-0484. Handling and Shipping is FREE There is NO charge for handling and shipping. In the US we ship via UPS. Outside the US, we provide free airmail service. If you would like express delivery, we provide this to you at cost. Save Fifteen Percent If you order three (3) different titles at the same time, you can receive a discount of 15 percent. If your order is accompanied by a check, you may take a 5 percent cash discount (discounts do not apply to corporate use licenses)

Use Credit Card You may charge your order to either Visa, MasterCard or American Express. Please include your credit card account number, expiration date and your signature. Orders Outside of the US Checks must be paid in US funds and drawn against a US bank. Wire Corporate Use Licenses transfers should be sent to: Fifth Third Bank, Cincinnati, Ohio; The Freedonia Group, Inc.; SWIFT #FTBCUS3C; ABA #042000314; Now every decision maker in your organiza- Account # 830-51814 (please include study number and/or invoice tion can act on the key intelligence found in number with all wire transfers). all Freedonia studies. For an additional Additional Copies $2,000, you receive unlimited use of an elec- Additional copies are available to original purchasers at $400 per title. tronic version (PDF) of the study. Place it on Online Access your Intranet, e-mail it to coworkers around The complete text and tables from our studies and reports can be found the world, or print it as many times as you on our Web site www.freedoniagroup.com and through major commercial like! Order it today. online vendors.

THE FREEDONIA GROUP, INC. TITLE PRICE 767 Beta Drive Cleveland, OH 44143-2326 USA Phone: (440) 684-9600 • (800) 927-5900 #1408 World Automotive Aftermarket $4,500 Fax: (440) 646-0484 Corporate Use License $2,000 Name: Additional Print Copies @ $400 Each Title:

Company:

Division: Please check method of payment: Total: $ Street: Enclosed is my check (5% discount) drawn on a US bank and payable to The (no PO Box please) Freedonia Group, Inc., in US funds. (Ohio residents add 7% sales tax). City/State/Zip: Bill my company MasterCard Visa American Express

Country:

MO. YR. Phone: Fax:

Email: Credit Card # Expiration Date SHIPPING and HANDLING charges are FREE via UPS (USA only) or airmail (Outside USA). Express delivery Signature: F-SM.1408 available at cost. Please inquire.