Foreword

The automotive components sector forms the backbone of the automotive industry. The small and medium-sized enterprises (SMEs) that make up this sector, especially in developing countries, generate large-scale employment. Furthermore, its forward and backward linkages to a variety of other industries and sectors give it a key position in the economy. It is for this reason that developing countries seeking rapid growth through industrialization often target and promote it as a strategic sector.

Sustainable Development Goals:

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions