The automotive vertical to witness a technological awakening by Auto Parts Manufacturing Market reaching US$ 532 Bn by the end of 2029

Published On : 11/18/2021

Persistence Market Research (PMR) has released a new market study on the auto parts manufacturing market that includes the global industry analysis for 2014–2018 and forecast for 2019–2029. The report on auto parts manufacturing summarizes macroeconomic factors that could assist and influence the growth of the market and forecast factors.

The market for auto parts manufacturing was estimated at ~US$ 363 Bn in 2018 and is anticipated to reach a value of ~US$ 532 Bn by the end of 2029, influenced by the cyclic trend of the automotive industry and new product launches. The auto parts manufacturing market is expected to grow at a moderate CAGR of ~3% during the assessment period.

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Prominent automotive parts and components including battery, cooling system, engine & drive train components, underbody components, lighting components, and electrical components are considered in the report. OEM and aftermarket sales channels are considered in the auto parts manufacturing market. Additionally, the report offers a thorough analysis of the auto parts manufacturing market for the coming ten years.

FACTS AT A GLANCE

Companies: Robert Bosch GmbH,Denso Corporation,Valeo SA,Continental AG,Aptiv PLC,ZF Friedrichshafen AG,Magna International Inc.,Faurecia S.A.,Magneti Marelli SpA,Aisin Seiki Co., Ltd.,Brembo S.p.A.,AKEBONO BRAKE INDUSTRY CO., LTD.,Hella KGaA Hueck & Co.,ACDelco

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Coverage: All major geographies and key segments

Segments: Auto Parts Manufacturing Market Segmented By Motor Vehicle Parts Manufacturing, Automobile Components, Automobile Parts Manufacturing, Auto Parts & Accessories Manufacturing

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

ABSTRACT-

Persistence Market Research (PMR) recently published a study report on the global auto parts manufacturing market. The report provides detailed valuation on the key market dynamics such as drivers, trends, opportunities, and restraints, along with detailed information about the auto parts manufacturing market structure. This market research report represents exclusive facts and figures about how the auto parts manufacturing market will grow over the forecast period.

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Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the auto parts manufacturing market over the forecast period.

The study is relevant for manufacturers, stakeholders, distributors, suppliers, and investors, and can help them understand applicable strategies to grow in the auto parts manufacturing market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the auto parts manufacturing market can leverage the information and statistics presented in PMR’s research report.

The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the auto parts manufacturing market. The study also offers actionable insights based on the future trends in the auto parts manufacturing market. Furthermore, regional players and new entrants in the auto parts manufacturing market can also use the information presented in this report to make business decisions and gain momentum in the market.

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