The future of many auto parts suppliers is uncertain

In racing sports, as well as for mass-produced vehicles on the roads of Europe – in addition to the experience of world-famous car brands, a number of well-known auto parts suppliers guarantee dynamics and safety.

Almost no model range of a well-known brand-manufacturer completely consists of parts of its own company. Instead, it relies on experts in electronics, braking systems, etc. . d . At present growing interest in the electromobility segment causes significant changes. In the most extreme case, these changes may eventually come at the expense of jobs in multiple supply companies.

Growing interest in electric vehicles and its consequences

As for ecology , then a gradual transition from internal combustion engines to electric motors makes sense. Every year, higher performance values ​​and a wider range are achieved. However technological revolution leads to the fact that companies supplying traditional auto parts become redundant. In particular, companies specializing in motors, gearboxes, axles, etc. expect a bleak future, while suppliers of automotive parts and electronic components are more humbly looking forward to future developments.

Even when it is difficult to make concrete earnings estimates, a number of small and medium-sized companies may be at risk due to technological revolutions. In the UK alone, the automotive industry employs about 700 people. . The guarantee of their employment in the coming years largely depends on the operational specialization of suppliers.

Buying quality parts for used cars will become more difficult

It can also be a problem for the individual driver to shut down existing auto parts suppliers. Many drivers of private cars or racing sportsmen attach great importance to brand quality, which is why only original parts from suppliers of major car brands are considered as spare parts. It does not matter if they are ordered from a garage or from well-known Internet portals. If a supplier closes, the usual brand quality may soon become unavailable. Individual car manufacturers are urged, in the face of the transition to electric mobility called for by politicians, to guarantee the supply of car parts for established model series for years to come.
. At the same time, suppliers are being asked to look ahead and focus on choosing a new direction. The question remains to what extent traditional internal combustion engines and auto parts will be retained in racing and, moreover, will be in demand by professional companies in the industry.

Autonomous driving is another challenge for the industry

In addition to growing electronization, the transition to autonomous driving will significantly change the market within a decade or two. . These vehicles are primarily designed as a complete system and do not depend on parts from different suppliers. At present, very few companies in Europe can build such complete systems. If and to what extent it comes to switching existing companies, the future can and will show.