INDUSTRY FACTS The U.S. motor vehicle components manufacturing industry supports jobs in every state in the country. A recent IHS Markit study highlights the total economic impact of the vehicle supplier industry.
OVERVIEW
IMPACT ON THE STATES
• More than 907,000 jobs are directly supported by the vehicle supplier manufacturing industry.
• The top five states for direct employment – IN, KY, MI, OH, TN – make up 47 percent of total direct employment.
• Supplier manufacturer employment outperformed other major sectors. It remains the largest manufacturing sector in the United States. •
• Nearly one-third of all direct motor vehicle supplier employees are located within the Southeast region. • Virtually every top 15 state (by employment size) grew vehicle components manufacturing employment faster than total employment – underscoring the importance of vehicle components manufacturing employment growth to these states.
NATIONWIDE EMPLOYMENT • The total employment impact (direct, indirect, and induced jobs) of the motor vehicle components manufacturing industry in the United States is over 4.8 million jobs. • The total economic impact of U.S. Vehicle Suppliers contributes 2.5% to U.S. GDP. • The average wage for direct vehicle supplier jobs reached $80,300 – exceeding the average wage of all U.S. manufacturing jobs.
O E S A U P DAT E • 13
