Some 900 companies completely or partly operate in the Austrian component supplier industry and are partners of all major automobile manufacturers. Austrian automotive component suppliers include prominent firms such as Bosch, AVL List, BRP Rotax, Borbet and Magna. They generated a production value of EUR 24.4 billion in the year 2018. About 80,150 people were employed in the sector. Many Austrian component suppliers have become global leaders thanks to their innovative strength and high quality. The prevailing medium-sized structures facilitate short reaction times and innovations.