WASHINGTON (Jan. 27, 2017) — The number of jobs in the U.S. automotive parts manufacturing industry has risen 19 prcent since 2012, according to a new Motor & Equipment Manufacturers Association (MEMA) industry analysis.
According to the report, "Driving the Future," more than 871,000 Americans are employed directly by the automotive parts manufacturing industry compared with 734,000 in 2012. This number represents 2.9 percent of total jobs in the U.S. employment market and 2.4 percent of the U.S. gross domestic product.
The total employment impact — both indirect and employment-induced — of the motor vehicle parts manufacturing industry is 4.26 million jobs, an increase of nearly 18 percent from 3.26 million in 2012.
"Never before has the mobility industry had to embrace so many advances in vehicle technology so quickly and on a global scale," Steve Handschuh, president and CEO of MEMA, said during a media event at the Washington Auto Show.