A wide number of Spanish companies can be considered manufacturers of car accessories but… what are these components really about?
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.
In the second quarter of the year, exports of Spanish automotive component and manufacturers went up to €6,303 million, a +25.4% inter-annual growth rate compared with 2020 and a -3.7% contraction compared to the same period in 2019.
The electric and connected car market break-in in the last years is promoting the development of an automotive electronic component-centered industry. As time goes by, they get more and more indispensable inside the wide variety of systems which are built into any car.