Toyota Industries Group

What Toyota Industries Group does

Toyota Industries Group is the North American manufacturing arm of Toyota Industries Corporation (TICO), a Japanese conglomerate founded in 1926. Operating from a 150-acre campus in Pendergrass, Georgia, the group consists of three primary entities: TD Automotive Compressor Georgia (TACG, established 2004 as a joint venture between Toyota Industries North America and DENSO International America), Toyota Industries Compressor Parts America (TICA, established 2012), and Toyota Industries Electric Systems North America (TIESNA, with TIESNA-GA added in April 2024). The group employs over 1,300 associates and supplies automotive air conditioning compressors used in over half of all cars, trucks, and vans manufactured in North America, holding over 40% of the global compressor market. TACG and TICA produce approximately 5 million AC compressors per year under the Toyota Production System, with cumulative global production reaching 700 million units as of December 2023. The electronics division (TIESNA) sells and assembles DC-AC inverters (150W and 400W) that convert vehicle battery power to AC for consumer devices, and from July 2025 will commence production of DC-DC converters that convert high-voltage EV battery power to 12V for auxiliary vehicle systems.

The group's core technology centers on variable displacement AC compressors, an industry-standard design that adjusts refrigerant output based on cooling demand to reduce fuel consumption without sacrificing power. Supporting manufacturing processes include sand casting (lug plates, swash plates for internal components) and die casting (housings, cylinders for external compressor parts). Electronics products include 400W and 150W DC-AC inverters using thick copper substrate and low electrical noise technologies. The vertically integrated Pendergrass campus, where TACG and TICA are physically connected, enables component-to-assembly handoff with shared infrastructure.

Toyota Industries Group operates as a B2B OEM-embedded supplier, generating revenue through direct hardware sales under long-term supply agreements with major North American automotive OEMs including Ford, Honda, BMW, Lexus, Subaru, Fiat-Chrysler, Toyota Motor, Audi, Hyundai, KIA, and Nissan. Pricing is negotiated contractually and not publicly disclosed. The go-to-market model is direct OEM supply with no consumer-facing distribution; demand generation depends on TICO's brand reputation (Fortune's 'World's Most Admired Motor Vehicle Parts Supplier') and embedded design-in positions within customer vehicle platforms. The group is wholly owned by Toyota Industries Corporation and reports no private equity or venture capital ownership.

Name

Toyota Industries Group

Legal name

TD Automotive Compressor Georgia, LLC

Website

https://toyotacompressor.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

Toyota Industries Group is the North American manufacturing arm of Toyota Industries Corporation, producing variable displacement automotive AC compressors (over 40% global market share), DC-AC inverters, and DC-DC converters for major North American automotive OEMs including Ford, Honda, BMW, and Toyota.

Ownership category

akta.pro rank

Product category

Automotive AC Compressors & Power Electronics Components

NAICS

Pump and Compressor Manufacturing (33391), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Automotive Compressors & Electric Compressors (A/C) (IMACALAB)

akta.pro secondary industry

Automotive HVAC Modules & Integrated Climate Units (IMACALAA)

Keywords

• Automotive AC compressors
• Variable displacement compressors
• DC-AC inverters automotive
• DC-DC converters EV
• OEM compressor manufacturing

Headquarters

HQ city

Pendergrass

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Automotive AC Compressor Sales: Manufacture and supply of variable displacement automotive air conditioning compressors to automotive OEMs. Revenue generated through direct OEM supply contracts.
2. DC-AC Inverter Assembly: Assembly and supply of DC-AC inverters (150W and 400W) enabling electronic devices to be powered within vehicles.
3. DC-DC Converter Assembly: Assembly of DC-DC converters for electric vehicles, converting high voltage battery power to 12V for auxiliary systems. Production commencing July 2025 at TIESNA-GA.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Toyota Industries Group manufactures variable displacement automotive air conditioning compressors (TACG and TICA) and assembles DC-AC inverters and DC-DC power electronics (TIESNA/TIESNA-GA) at its Pendergrass, Georgia campus for direct supply to major North American automotive OEMs. Production capacity reaches approximately 5 million compressors per year and global cumulative compressor output of 700 million units as of December 2023.

Product overview

Toyota Industries Group operates as a manufacturing conglomerate producing automotive components through multiple specialized divisions. The core product portfolio includes Variable Displacement Automotive Air Conditioning Compressors manufactured by TACG and TICA, which reduce fuel consumption without sacrificing power. The electronics division (TIESNA) produces DC-AC Inverters (150W and 400W) that convert vehicle battery power to AC for consumer devices, and DC-DC Converters for electric vehicles. Supporting operations include sand casting and die casting for internal components (Lug Plate, Swash Plate) and external housings. The company operates on a platform-plus-modules architecture with TACG/TICA handling compressor manufacturing and TIESNA managing electronics production, all united under the Toyota Industries Group umbrella.

Differentiator

Problem solved

Functional benefit

Products and services

• Variable Displacement Automotive Air Conditioning Compressors Variable displacement AC compressors for passenger cars, trucks, and vans that adjust output based on cooling demand, reducing fuel consumption without sacrificing cooling power; pressurize refrigerant gas through a sealed AC system via vaporization, liquefaction, and re-vaporization. Supplied directly to North American automotive OEMs.
• DC-AC Inverters (150W and 400W) Automotive DC-AC power inverters that convert 12V DC from the vehicle's auxiliary battery to 120V AC, enabling drivers and passengers to power consumer electronics, mobile devices, laptops, light-duty tools, and small household-style appliances directly from the vehicle. Available in 150W and 400W variants for the North American market.
• DC-DC Converter (for electric vehicles) High-voltage to 12V DC-DC converter for electric vehicles that steps down power from the high-voltage traction battery to 12V to run the auxiliary battery, control ECU, navigation system, lighting, and other devices. Designed for high-current capability in a compact form factor using thick copper substrate and low electrical noise technologies.

Quantifiable outcome

• Over 40% of worldwide compressor market
• +4 more outcomes

Named customers11 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Lanier Technical CollegeminorStrategic or Co-development Partner · 1 January 2025Members of TACG & TICA's HR Careers Team and Maintenance Leadership served as judges for the Hall County Regional Tech Competition at Lanier Technical College on January 23, 2025, engaging with students as future workforce professionals.
• The Potter's House (Atlanta Mission)minorOthers · 1 January 2022The Potter's House, part of Atlanta Mission, has partnered with TACG and TICA for several years, shuttling residents who work at the facilities to and from work. In August 2022, TACG & TICA donated a van to The Potter's House to honor the partnership.
• DENSO International America Inc.coreOEM/ Whitelabel/ Licensing Partner · 1 January 2004TD Automotive Compressor Georgia (TACG) was established in 2004 as a joint venture between Toyota Industries North America Inc. and DENSO International America Inc. The 'TD' in TACG represents the Toyota-Denso relationship. DENSO serves as a key technology and manufacturing partner in the joint venture.
• RadiowellminorStrategic or Co-development PartnerRadiowell partnered with TACG & TICA Toyota Industries Group to remove used-radio assets as a sustainable alternative to traditional asset disposition. Through this partnership, Radiowell plants trees via its partnership with companies and government agencies that repurpose used two-way radios. TACG & TICA supported planting 150 trees in exchange for their used radios.

Scale indicators7 records

Recent moves11 records

Expansion highlights4 records

Direct peers

• Valeo: Major global automotive supplier with significant thermal systems business including HVAC compressors, electric compressors for EVs, and climate control electronics. Overlaps with Toyota Industries Group in OEM compressor supply and EV thermal hardware.
• Hanon Systems: Specializes in automotive thermal management solutions including HVAC compressors, heat exchangers, and increasingly EV thermal management systems. Directly competes with Toyota Industries Group in the OEM compressor and thermal management category.
• Sanden International: Specialist manufacturer of automotive air conditioning compressors and heat exchangers, historically a direct competitor to TACG/TICA in the OEM compressor market. Operates similar variable displacement and fixed displacement compressor product lines supplied to global automakers.
• DENSO: Global automotive tier-1 supplier and JV partner in TACG. DENSO manufactures automotive HVAC compressors, power electronics, and thermal management components, with overlapping products (compressors, inverters, converters) and the same major OEM customer base as Toyota Industries Group.
• Vitesco Technologies: Pure-play automotive powertrain and electrification supplier specializing in power electronics (DC-DC converters, inverters) and thermal management. Direct competitor to TIESNA-GA's emerging DC-DC converter business targeting North American EV/hybrid OEMs.
• Mitsubishi Heavy Industries (Thermal Systems): Mitsubishi Heavy Industries manufactures automotive and commercial compressors and thermal systems including AC compressors used by major OEMs. Direct competitor to Toyota Industries Group in automotive compressor manufacturing with similar technology scope.

Broad incumbents

• Mahle: Large German automotive supplier with broad thermal management and powertrain portfolios, including AC compressors and electric vehicle thermal components. Larger and more diversified than Toyota Industries Group, but competes in the same automotive thermal compressor category.
• Aptiv: Global automotive technology supplier with significant power electronics, wiring, and connector portfolios serving North American OEMs. Competes with TIESNA-GA in DC-DC converters and overlaps in supporting EV platform electronics.
• BorgWarner: Major automotive powertrain and components supplier with growing electrification portfolio (DC-DC converters, onboard chargers, power electronics). Competes with Toyota Industries Group's emerging TIESNA-GA electronics business in supplying EV power conversion hardware to OEMs.
• Continental AG: Large diversified automotive supplier with significant business in power electronics, DC-DC converters, and thermal management components. Competes with Toyota Industries Group across both compressor-adjacent electronics and broader EV/hybrid component supply to North American OEMs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/toyota-industries-group
• Facebookfacebook.com/ToyotaIndustriesGroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Toyota Industries Group