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April 2021 | Companies

Spanish automotive component suppliers go for quality and innovation

As new challenges and initiatives emerge in the automotive industry, the automotive component suppliers must adapt and sometimes solve issues never seen before as well and keep working and focused on already useful and known and demanded solutions.

Thus, with this new horizon, that Spanish component manufacturers are growing with one idea in mind: working on the vehicle of the present and future.

A complex task to undertake is on the table, highly influenced by agile movements, quick decisions and excellent standards; factors which, with no doubt, are satisfactorily met by the Spanish sector of automotive component suppliers.

In fact, one of the most common concepts used lately is the 4.0 industry but many Spanish companies have been already applying it for some years.

In this line of work, it is more relevant every time, the strong support the Spanish automotive component suppliers give to I+D, a determinant factor to the export boost experienced by the sector in later decades.

The Spanish automotive component suppliers are giving a strong support to investigation, development and innovation for quite a long time. It allows them to focus on creating new products which may be able to adapt to those every time more exigent client’s needs, in a sector in which dynamism is the star.

In this regard, there is a 4% investment, from the annual billing, in innovation. The Spanish industry of automotive component suppliers is one of the leading I+D sectors nationally and overseas.

Innovation investment numbers by the automotive component suppliers’ sector in Spain almost goes three times over the average figures shown by whole Spanish industrial sector in this department.

Such support, linked to some other factors such as a high productivity and efficiency level and their highly qualified human factor make the Spanish industry of automotive component suppliers have a notable international presence reaching more than 170 countries in the five continents.

With this scenario, the Spanish sector of automotive component suppliers has decisive influence in the vehicle’s value chain with a 75% contribution to it.

For many years and until the health crisis, the evolution of Spanish exports of components and equipment has always been identified with an ascending projection with the European Union as main destination.

Quality, focus of the Spanish automotive component suppliers on I+D investment

If something can characterize the Spanish industry of automotive component suppliers that is quality, their sign of identity. Quality is achieved, among other factors, thanks to applying high quality standards in each and every process stage from designing until manufacturing and distribution.

In this sense, a high percentage of the I+D investment is dedicated to ensure having most qualified processes and products which are all the time optimized and therefore more efficient.

With all that in mind, the Spanish industry of automotive component suppliers is able to offer a notable added value with ever-improving processes performed on service, processes and product.

Autoparts from Spain is a platform which gathers in Spanish automotive suppliers to make visible their work in I+D and promote their exporting potential. Do you want to learn about them? Access the Autoparts from Spain member’s automotive component manufacturer directory.

 

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