Outsourcing has
become a popular global issue and the automotive manufacturing
industry is now in line with this growing trend. With an increase in
globalization, outsourcing is seen as an opportunity to tap the
global market. India and China are regarded as a huge potential
market due to their growth in infrastructure and easy availability of
educated and trained labor.
In India and China,
labor can be hired at very reasonable rates and these countries have
become the global hub for automotive industry manufacturers.
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Research Report of Outsourcing Automotive Manufacturing Market :
Automotive
manufacturers have opened their production plants in India and China
and have transformed the market into a multibillion dollar one. Many
of the big players have set up production base in either of these
two countries to cut down costs and stay competitive even during
economic downturn.
Some of the factors
driving automotive manufacturing outsourcing such as easy
availability of cheap labor, difference in the exchange rates of
currencies, opening up of the Indian markets, and many more. However,
there are some factors that may limit the market growth such as
stringent government regulations in other countries, export import
regulations and many more.
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Report :
Some of the major
players in this space are Michelin Group, Denso Corporation AGC Flat
Glass, Autoliv Inc., BorgWarner Turbo Systems GmbH, Delphi Automotive
LLP, Faurecia, Johnson Controls, Inc., Lear Corporation, Rane Group,
Shriram Pistons, Amtek Group, BorgWarner Inc., Continental AG,
Honeywell Turbo Technologies, KIRCHHOFF Automotive GmbH, Benteler
International AG, Cummins Inc., Robert Bosch GmbH, Bharat Forge
Limited, and Magna International Inc.
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