ITW · 10-Q · 2026Q2 · Full report

Automotive OEM Market Trends

ILLINOIS TOOL WORKS INC · 2026-08-06 · Importance 37 · Surprise 32

Automotive OEM organic revenue declined 0.4% in the second quarter and 0.6% year to date, compared with worldwide auto-build declines of flat and 1%, respectively. European organic revenue fell 5.3% in the quarter and 2.7% year to date, primarily because of customer mix and product line simplification. Asia Pacific grew 3.1% in the quarter and 2.9% year to date, supported by market growth and penetration gains in India. China revenue outperformed declining auto builds, helped by customer mix and electric-vehicle growth, although foreign automotive manufacturers’ China builds fell 31% in the quarter and 23% year to date.

Key facts

• Automotive OEM organic revenue decreased 0.4% in the second quarter and 0.6% in the year-to-date period, while worldwide auto builds were flat in the second quarter and decreased 1% in the year-to-date period. source
• Asia Pacific organic revenue for Automotive OEM grew 3.1% in the second quarter and 2.9% year-to-date, and Organic revenue in China for Automotive OEM increased 0.5% in the second quarter and declined 1.2% year-to-date. source