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The motorsport industry is a range of engineering and service businesses that support the sporting discipline of motorsports.
In motorsports, a competitors' success is intimately linked with the performance of their vehicle. The role of engineering in delivering on-track success has led to the formation of a considerable global industry which supplies motorsport competitors with the equipment necessary to participate in the sport.
The motorsport industry designs, develops and manufactures prototypes including chassis, materials, electronics, engines, transmissions, brakes, telemetry and suspension components. The industry relies upon the skills of competitive engineers who, season after season, incrementally improve components to deliver identifiable advantage and ongoing success on the race track. Competitive Engineering is the centerpiece of these internationally trading small businesses. Motorsport businesses have developed a unique ability to use sporting endeavour and entertainment as a catalyst for engineering and manufacturing advances - advances subsequently of real value to other High Performance Engineering (HPE) customer groups – Defence, Marine, Aerospace and Automotive.
The Motorsport Industry Association (MIA) is the world's leading trade association for the motorsport, performance engineering, services and tuning sectors. [1] The MIA represents the specialised needs of this highly successful global industry as it undergoes continuing rapid development throughout the world.
In April 1994, leading personalities in British motorsport joined forces to form their own trade association - the MIA - with the aim of promoting one of the UK's most successful industries - motorsport. The original concept was proposed by Founder and original CEO, Brian Sims, with the first Executive Committee comprising Rob Baldock (Accenture); Dick Scammel (Cosworth);Tony Schulp (Haymarket); John Kirkpatrick (Jim Russell Racing Drivers School); Tony Panaro (Euro Northern Travel) and Tony Fletcher (Premier Fuels). [2]
The MIA represents its members from motorsport, high performance engineering and tuning companies; race and rally teams; governing bodies; motorsport services; research organisations; race circuits; Universities and colleges - amongst many others. The MIA enjoys membership of the Confederation of British Industry (CBI), in turn providing members access to the UK's “Voice of Industry”.
In commerce, supply chain management (SCM) deals with a system of procurement, operations management, logistics and marketing channels, through which raw materials can be developed into finished products and delivered to their end customers. A more narrow definition of supply chain management is the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally". This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfilment from the point of origin to the point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain.
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors.
HKS Co., Ltd. is a publicly traded company headquartered in Fujinomiya, Shizuoka Prefecture, Japan specializing in the engineering, manufacturing, and sales of high performance aftermarket and accessory automotive parts and components. With 50 years in business, and global efforts in aftermarket parts and motorsport, the company claims, "HKS is perhaps the most known aftermarket brand in the world".
Competitive analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. This analysis provides both an offensive and defensive strategic context to identify opportunities and threats. Profiling combines all of the relevant sources of competitor analysis into one framework in the support of efficient and effective strategy formulation, implementation, monitoring and adjustment.
A value chain is a progression of activities that a business or firm performs in order to deliver goods and services of value to an end customer. The concept comes from the field of business management and was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.
The idea of [Porter's Value Chain] is based on the process view of organizations, the idea of seeing a manufacturing organization as a system, made up of subsystems each with inputs, transformation processes and outputs. Inputs, transformation processes, and outputs involve the acquisition and consumption of resources – money, labour, materials, equipment, buildings, land, administration and management. How value chain activities are carried out determines costs and affects profits.
Nissan Motorsports International, abbreviated as Nismo, is a division of Nissan Motorsports & Customizing focused in motorsport and performance-oriented car models for Nissan. Nismo was initially a company, Nissan Motorsports International Co., Ltd., formed in 1984 as a result of a merger of two motorsport departments, being the in-house tuning, motorsports and performance subsidiary of Nissan. It has competed in JSPC, JTCC, the 24 Hours of Le Mans and the 24 Hours of Daytona. They currently participate in Super GT and Formula E. Nismo ceased to be a company in April 2022 by being merged with sister company Autech into a new Nissan subsidiary, Nissan Motorsport & Customizing.
Penske Corporation, Inc. is an American diversified transportation services company based in Bloomfield Township, Oakland County, Michigan. Roger Penske is the founder and chairman of the privately held company, and Rob Kurnick is the president. Penske operates in the automotive retail, truck leasing, transportation, logistics, and motorsports industries. Penske operates in over 3,200 locations and employs more than 70,000 people globally.
McLaren Applied is a British technology and products company. Capabilities include design, development, manufacture and test of electronic, mechanical, electrical and software products. The company is focused on four industries: motorsport, automotive, transport and mining. McLaren Applied was formerly a part of McLaren Group and since 2021 a fully independent company, which owned by the private investment firm Greybull Capital.
Chevron Cars Ltd. is an English manufacturer of racing cars, founded by Derek Bennett in 1965. Following Bennett's death in 1978, the firm has remained active in various guises. The original company's designs and name continue to be used to build replacement parts and continuation models of earlier Chevrons. In 2000, Chevron Racing Cars Ltd., founded by Vin Malkie acquired the trade mark Chevron Racing Cars Ltd and in addition to the company's other activities has designed and built new grand tourer racing cars under the Chevron name, as well as other continuation models of earlier Chevrons.
Unipart Group is a British multinational logistics, supply chain, manufacturing and consultancy company headquartered in Cowley, Oxfordshire, England. It has operations in Europe, North America, Australia and Japan and works across a variety of sectors that include automotive, retail, technology and rail. It is one of the largest privately-owned companies in the UK; being 70% owned by its workforce and pension fund while the other 30% is held by sympathetic institutions.
M-Sport is a motorsport engineering company headquartered at Dovenby Hall near Cockermouth, United Kingdom. It is primarily known for entering the FIA World Rally Championship (WRC) since 1997 in partnership with Ford, manufacturing race and rally cars, and providing parts and motorsport services to customers. The company has an automotive evaluation facility at its headquarters, and a second manufacturing facility in Kraków, Poland.
BBS Autotechnik GmbH, formerly known as BBS Kraftfahrzeugtechnik AG, is a high-performance automobile wheel design company headquartered in Schiltach, Germany. BBS produces wheels for motorsport, OEM, and aftermarket applications. The company is often credited as pioneering the three-piece wheel and advancing the aluminum wheel industry over many decades, and remains one of the largest producers of automobile wheels in the world. It is a part of KW Automotive since 2021.
The Manufacturing Technologies Association (MTA) is a UK trade association representing the manufacturing technologies industry. The MTA sits at the core of the engineering based manufacturing sector and as an association works to ensure member companies are as commercially successful as possible.
Rob Muzzy is an American owner of Muzzy's Performance Products, a specialty engineering company that designs, manufactures and sells high performance parts for motorcycles. He is also a successful motorcycle racing team owner, winning national and international championships in motorcycle road racing and drag racing. His contributions to motorcycle racing resulted in his induction into the AMA Motorcycle Hall of Fame.
Borland Racing Developments is an Australian championship winning manufacturer of open-wheel racing cars, principally in the junior categories of Formula Ford and Formula Vee.
Robert Douglas Yates is a race car engine builder, former NASCAR team owner, and mechanic. He is the son of championship team owner and NASCAR Hall of Fame member Robert Yates and formerly operated Yates Racing in the NASCAR Cup Series. Yates currently is the President and CEO of Roush Yates Engines, the primary builder of Ford engines in the top-two NASCAR series ; as well as Ford Performance teams in the IMSA Michelin Pilot Challenge Series. Yates has a wife, Whitney, and four children.
The National Institute for Pharmaceutical Technology and Education (NIPTE) is a non-profit scientific and research and development organization that was established in 2005 and incorporated in June 2007 in the State of Indiana. Its offices are currently located in Minneapolis, Minnesota.
Performance Racing Industry was started in 1986 by Steve Lewis, owner of Laguna Coast Publishing, based in Laguna Beach, California. Now based in Aliso Viejo, California, the company operates PRI magazine, a monthly business publication for entrepreneurs in the auto racing industry; the Performance Racing Industry Trade Show, which launched in 1988 and showcases thousands of new racing products along with dozens of networking events and educational programs for motorsports professionals; and online properties including performanceracing.com.
The Motorsport Industry Association is the global trade association for the motorsport industry and is based in the United Kingdom. Most top-level motorsport constructors are based in the UK. Around 75% of motorsport research and development takes place in the UK.
Economy of Coimbatore is heavily influenced by information technology, engineering and textiles. Coimbatore is called the Manchester of South India due to its extensive textile industry, and IT industry, small and medium scale enterprises. The GDP of Coimbatore is around $45 billion (2021). It is second largest city by GDP in Tamil Nadu. The city has four special economic zones [SEZ], ELCOT SEZ, KGISL SEZ, SPAN Venture SEZ, Aspen SEZ and at least five more SEZs are in the pipeline. In 2010, Coimbatore ranked 15th in the list of most competitive Indian cities.