New Product Development Holds the Key to Success For Plastics In Automotive Electrical And Lighting Systems

PALO ALTO, Calif., Dec. 5 /PRNewswire/ -- Increasing automation of vehicles necessitates the need for using more electrical and electronic components. This is expected to drive the demand for plastics used in such components.

New analysis from Frost & Sullivan ( http://www.chemicals.frost.com ), U.S. Market for Plastics in Automotive Electrical and Lighting Systems, reveals that the market earned revenue of $642.4 million in 2004 and estimates to reach $931.7 million in 2011.

If you are interested in a virtual brochure, which provides manufacturers, end-users, and other industry participants with an overview of the latest analysis of the U.S. Market for Plastics in Automotive Electrical and Lighting Systems, then send an e-mail to Trisha Bradley - Corporate Communications at Email Contact with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. We will send you the information via email upon receipt of the above information.

"The ability to develop a new product within a short span of time will be one of the key success factors for suppliers to the automotive industry along the value chain," says Frost & Sullivan Research Analyst Deepak Tulsian.

Market dynamics force auto manufacturers to introduce new products frequently. As a result, they pressurize their suppliers to develop new products with reduced development time, to enhance their features, and at the same time to cut costs.

The U.S. automotive market has witnessed low growth rates over the last few years. The growth in the automotive industry itself does not provide many opportunities for suppliers to this industry, thus, forcing them to look at other markets along with a shift to new products demanded by the industry.

"Suppliers to the U.S. automotive industry need to rapidly expand their base to global markets as the automakers seek new opportunities. At the same time they want to maintain consistency of products used in vehicle manufacturing," explains Tulsian.

To overcome limited market potential in the U.S. markets, suppliers have to expand to other countries such as China and India. Some companies invest in manufacturing facilities in China with a long-term view. Companies also have the choice of entering countries through joint ventures with local companies.

U.S. Market for Plastics in Automotive Electrical and Lighting Systems, a part of the (Plastics and Packaging Subscription), provides an overview and outlook for the market. This study has been segmented into Switches, Connectors, Lighting Systems, and Wiring Harnesses. This research includes detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com .

    U.S. Market for Plastics in Automotive Electrical and Lighting Systems
                                     A946

     Contact:
     Trisha Bradley
     Corporate Communications - North America
     P: 210.247.3870
     F: 210.348.1003
     E: 
Email Contact

     Magdalena Oberland
     Corporate Communications - Europe
     P: +44 (0) 20 7915 7876
     F: +44 (0) 20 7730 3343
     E: 
Email Contact

     Donna Jeremiah
     Corporate Communications - Asia Pacific
     P: +603 6304 5832
     F: +603 6201 7402
     E: 
Email Contact

     
http://www.frost.com

CONTACT: Trisha Bradley, Corporate Communications - North America,
+1-210-247-3870, or fax, +1-210-348-1003, or Email Contact , or
Magdalena Oberland, Corporate Communications - Europe, +44-0-20-7915-7876,
or fax, +44-0-20-7730-3343, or Email Contact , or Donna
Jeremiah, Corporate Communications - Asia Pacific, +603-6304-5832, or fax,
+603-6201-7402, or Email Contact , all of Frost & Sullivan

Web site: http://www.frost.com/
http://www.chemicals.frost.com/




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