Autoliv (ALV) concentration risks

The company's concentration profile is dominated by customer exposure across two nested disclosure levels. The top ten customers represented around 70% of consolidated net sales, a high-share dependency that underscores the degree to which revenue is tethered to a small set of automotive OEMs. Within that group, the top five customers accounted for around 44% of consolidated net sales, a moderate share by disclosed size — meaning roughly half the top-ten concentration is further compressed into five names. Both layers are dependency in character: the relationships track individual OEM purchase orders and program awards rather than any structural feature of the market. The geographic dimension adds a structural overlay. Asian OEMs represented around 48% of consolidated net sales in 2025, a moderate share by disclosed size. This is structural in character — it reflects the deliberate strategic positioning of production and commercial relationships toward Asian vehicle platforms — but it also means a significant portion of demand is exposed to regional production volumes, trade-flow dynamics, and currency translation. The interaction between these two layers is the key analytical point: a large customer base that is already concentrated by name is further concentrated by region, with Asian OEM platforms accounting for roughly half of sales. A simultaneous downturn in Asian vehicle production and a loss of share at one or two of the top-ten accounts could move results more than either factor alone would suggest. This is the dominant exposure in the profile and warrants ongoing attention.

For the engine’s reasoning on ALV’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.