Consulting firm Berylls Strategy Advisors has identified the largest suppliers in the world, ranked on turnover in the previous calendar year:
Bosch continues to reign supreme; with automotive sales of well over €50bn and solid growth of almost 7 per cent, the Stuttgart-based supplier leads the industry.
Denso secured second place with a turnover of just under €47bn. The Japanese company boasts a margin of 5.6 per cent. ZF Friedrichshafen takes the № 3 spot and, at 7.5 per cent, they’re growing much more dynamically than the two frontrunners.
Hyundai Mobis moves up to fourth place. The Koreans benefit from a considerable growth spurt (+9.8 per cent), and Continental took № 5. Magna is in sixth place with double-digit revenue growth (10 per cent) and a solid margin. Chinese battery giant CATL consolidated its position among the top suppliers with an 11-per-cent turnover increase.
Aisin (Japan) holds eighth place despite meager growth and a weak margin. Michelin is struggling with a slight decline in turnover, but shines with a top margin. Forvia rounds off the top ten with 7-per-cent growth.
Continental figures include what is now Aumovio.
The analysis shows that the transformation of the automotive industry is reshuffling the balance of power. Battery and electronics specialists are storming to the top, while traditional component suppliers are struggling with margin pressure. Those who actively shape the technological change will secure growth and returns. The leading group asserts itself through broad portfolios and high innovative strength.
The momentum is increasingly coming from Asia. South Korea in particular is positioning itself well for future technologies. Clearly, concentration will increase in the coming years, and specialization and economies of scale will become more important. Competition for the best positions in the transformed value chain is well under way.
