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November 2021 | Platform

Automotive component manufacturers Spain: Investment in R + D + i, key to its success

Numbers don’t lie. The Spanish automotive component manufacturers are worldwide leaders in their sector. They are performing exports to more than 170 countries around the world. Such transactions embody more than 50% of their total billing, a great success in this industry.

One of the main reasons of the Spanish automotive component manufacturers’ achievement abroad relies on of  “made in Spain” components’ undoubtful quality. Their quality standards are basically forged by a strong I+D investment in relevant tasks such as investigation, development and innovation. This investment goes around €1500 million.

30 among those Spanish automotive component manufacturers belong to the platform Autoparts from Spain, promoted by Sernauto and ICEX since 2018. This association also gathers +30 Spanish automotive component suppliers. Their goal is no other than promoting the internationalization of those companies.

+30 among those Spanish automotive component manufacturers belong to the platform Autoparts from Spain and gather the manufacturing of products families such as

  • Forging, melting, embossing and stamping
  • Chassis, steering, suspension and braking
  • Engine and its elements
  • Transmission and its elements
  • Car-body
  • Electric equipment
  • Electronic components
  • Metallic components, bearings and friction items
  • Plastic and rubber parts
  • Workshop equipment and tools
  • Chemical products
  • Tuning and accessories
  • Automotive services
  • Car interior and interior lighting

Quality, core of I+D investment of Spanish automotive component manufactures

Looking for an identifying feature of Spanish automotive Company manufactures, quality would be undoubtably the chosen one. A factor allowing to reach such quality level is the application of high-quality standards in each and every stage in the process from design to manufacturing and distribution.

In this sense, an important percentage of this investment is addressed to ensure the highest quality in every product and process which are every time more optimized and therefore more efficient

Moreover, investing more than 4% of the total annual billing in I+D makes the Spanish automotive component manufactures one of the leading sectors both in Spain and abroad. It is worth noting that such investment figures in innovation sometimes triple the average investment Spanish industrial sector devotes to the same task.

This push -together with some other factors such as a high level of productivity and efficiency or the highly qualified human assets- increases the international presence automotive component suppliers have by reaching +170 countries in the five continents

In this way, the Spanish automotive component manufacturing sector has a defining influence in the vehicle’s value chain contributing around 75% of its whole.

Besides, the Spanish automotive component manufacturers are able to offer of added value by carrying out ongoing improvement processes on products, processes and services.

Autoparts from Spain is a platform which gathers the Spanish automotive suppliers aiming to create awareness on their I+D work and promote their exporting potential. Do you want to learn about them? You can access here the directory of the automotive component manufactures members of Autoparts from Spain

 

 

 

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