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Standard Motor Products Inc.

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Standard Motor Products Inc. - Energy & Power showcase

Year Founded & Workforce

1919

5,000 Employees

Industry

Energy & Power

Services

DC contactor
S

Standard Motor Products Inc. Employee Contacts

65 verified contactsNames, job titles, seniority and locations

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Standard Motor Products Inc. Overview

Company Headquarters: New York, US

Founded: 1919

Workforce: ~ 5,000

Company Working: Standard Motor Products Inc. (SMP) is an automotive company that manufactures and distributes aftermarket replacement parts for motor vehicles. A/C compressors, service tools, and chemicals are among its main products, as are accumulators, coils, clutches, electronic ignition control modules, electronic throttle bodies, evaporators, filter dryers, ignition wires, switches, relays, repair kits, sensors and injectors, variable valve timing (VVT) components, window lift motors, window regulators, and assemblies. In the Americas, Europe, and other regions, the company sells its products to automotive aftermarket retail chains, original equipment manufacturers programme distribution groups, and warehouse distributors. Manufacturing and distribution facilities are located in the United States, Mexico, Canada, China, and Poland. Through its subsidiary Trombetta, it offers offering of products ranging from DC contactors, CAN devices, digital switching systems, splitters, voltage regulators, and industrial solenoids.

Strategy

Standard Motor Products, Inc. is focused on the development of new DC contactors driven by innovation. The company is focusing on increasing its production capacity to cater to the increasing customer demand. Additionally, for its business development, it is focusing on contracts from international clients to improve its overall financial position.

Company Snapshot

$1,138M

Revenue

5,000

Employees

1919

Founded

New York, US

Headquarters

SWOT Analysis

Strengths

  • Strong manufacturing capabilities
  • Wide product portfolio
  • Global presence

Weaknesses

  • High dependency on domestic market for revenue generation
  • Fluctuating revenue

Opportunities

  • Adoption of business strategies such as joint venture, acquisition and contracts

Threats

  • High competition

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Product Offering

  • Standard Motor Products Inc.
    • DC contactor

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 1,138 Mn in 2019 to USD 1,299 Mn in 2021.
Standard Motor Products Inc. — By Business Segment
Series (USD Mn)201920202021
Sales1,1381,1291,299

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