The Auto Parts Manufacturing Market was worth USD 316.23 billion in 2014 and is expected to reach approximately USD 433.24 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.56% during the forecast period.
Auto Parts Manufacturing – Competitive Insights:
The leading players in the market are Denso, Faurecia, Valeo, Aisin Seiki, Aptiv, Brembo, Robert Bosch GmbH, Hella, Magna International, Continental AG, Magneti Marelli and ZF Friedrichshafen. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Auto Parts Manufacturing – Industry Outlook and Trend Analysis:
The auto parts manufacturing market include components of truck trailers, sport-utility vehicles (SUVs), automobiles, heavy duty trucks, vans and pickup trucks, buses, and motor homes. The market deals with manufacturing part such as seats, engine, brakes, and electrical systems. As per the Federal Reserve, over 8 million motor vehicles were assembled in the U.S. in 2008. Building and assembling the many different parts of a car or truck requires an amazingly complex design, manufacturing, and assembly procedure. Factors, for example, increasing demand for efficient batteries, fabrication of brake pads with decreased level of copper and heavy metals, developing interest for innovatively propelled products, extensive scope for pumps as technology receives increasing attention, development and joint effort among makers to increase market growth.
Auto Parts Manufacturing – Component Outlook and Trend Analysis:
Based on component, the engine component segment is the biggest with a major market valuation and is anticipated to command the global market in the coming years. The underbody component segment is the second largest on the basis of value and is foreseen to significantly contribute to the development of the parent segment.
Auto Parts Manufacturing – Sales Channel Outlook and Trend Analysis:
Based on sales channel, the OEM segment is the leading segment and is poised to develop at a comparatively higher CAGR compared to the aftermarket segment. The OEM segment also holds a major market share and is anticipated to lead the global market over the forecast period.
Auto Parts Manufacturing – Market Classification:
Auto Parts Manufacturing Market, By Component, Estimates and Forecast, 2014-2023($Billion)
Battery
Underbody Component
Cooling System
Engine Components
Automotive Filter
Electrical Component
Lighting Component
Auto Parts Manufacturing Market, By Sales Channel, Estimates and Forecast, 2014-2023($Billion)
Aftermarket
OEM
Auto Parts Manufacturing Market, By Vehicle Type, Estimates and Forecast, 2014-2023($Billion)
Light Commercial Vehicles (LCV)
Passenger Cars (PC)
Heavy Commercial Vehicles (HCV)
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Vehicle Type Outlook and Trend Analysis:
Based on vehicle type, the passenger cars segment is foreseen to grow tremendously and register a significant CAGR over the forecast period. The LCV segment is the second largest segment with a substantial market valuation, thus contributing to the development of the overall market.
Auto Parts Manufacturing – By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Auto Parts Manufacturing – Regional Outlook and Trend Analysis:
Geographically, Asia Pacific is anticipated to demonstrate high market engaging quality in the coming years. Presently, this area reflects high development potential and scope for the auto parts manufacturing market inferable from a great situation and presents different development chances to the makers working in this market. The auto parts manufacturing market in Asia Pacific is anticipated to develop at a direct CAGR to achieve a valuation of simply under US$ 200 Bn before the finish of the time of evaluation.
Auto Parts Manufacturing – Table of Contents:
FEATURES OF THE REPORT:
As the report further, it explains developing plans and policies, making processes, cost structures of Auto Parts Manufacturing market as well as the leading players. It also concentrates on the aspects like company profile, product images, supply chain relationship, import/export details of Auto Parts Manufacturing market, market statistics of Auto Parts Manufacturing market, upcoming development plans, market gains, contact details, consumption ratio. Ultimately, the report includes an in-depth analysis of sub-segments, market dynamics, feasibility study, key strategies used by leading players, market share study and growth prospects of the industry. The report also evaluates the growth established by the market during the forecast period and research conclusions are offered.
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