Auto Parts Manufacturing Market Size, Share, Price, Trends, Growth, Analysis, Outlook, Report And Forecast 2023-2028

(MENAFN- EIN Presswire)

Auto Parts Manufacturing

Auto Parts manufacturing market To Be Driven By New Innovations In The Forecast Period Of 2023-2028

30 NORTH GOULD STREET, WYOMING, UNITED STATES, May 17, 2023/einpresswire.com / -- The new report by Expert Market Research titled, 'Global auto parts manufacturing market size , Share, Outlook, industry Report, Forecast 2023-2028', gives an in-depth analysis of the global auto parts manufacturing market, assessing the market based on its segments like component types, sales channel, vehicle type, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2018-2028)

Historical Market Size (2022): USD 2265.9 billion
Forecast CAGR (2023-2028): 3.2%
Forecast Market Size (2028): USD 2737.28 billion

The global auto parts manufacturing market witnessed decent growth in the historical period, due to rising need for automobiles, fuelled by increasing demand for aftermarket repairs and maintenance activities involving change in automotive components. The Asia Pacific is an important market for car parts manufacturing. The area is also expected to be a prominent global market over the forecast period, with a solid growth rate.

New technology applications in the sector of manufacturing automobile parts are predicted to improve regional car sales. The regional market is being pushed by an increase in vehicle and passenger car production and sales, as well as the digitalisation of automotive component delivery systems.

Auto Parts Manufacturing Industry Definition and Major Segments

The key players make auto parts such as transmission and power train components, motors and engine components, body pieces and trimmers, electronics and braking systems, and steering and suspension components, which are subsequently employed in the production of automobiles.

Explore the full report with the table of contents@

Based on component type, the market can be classified into the following:

Battery
Cooling System
Underbody Components
Engine Components
Automotive Filter
Lighting Components
Electrical Components
Others

The market can be divided into two segments based on the sales channel:

OEM
Aftermarket

The market can be divided into segments based on vehicle type:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others

The regional market for auto parts manufacturing includes:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Auto Parts Manufacturing Market Trends

The automotive sector is rapidly expanding because of new technologies, which is boosting the growth of the auto components manufacturing industry. As a result, prominent players are aligning their tactics to the existing trends to remain competitive in such a volatile environment.

Trends like introducing the latest technology in automotive engine radiators, manufacturing lightweight car parts to produce components to create lightweight and fuel-efficient cars. The amount of scrap in industrialised countries is larger than in developing ones due to tougher environmental standards requiring replacements in automobiles and engines.

Similarly, the employment of new technology and improvements in motors, such as hybrid motors, is more prevalent in affluent countries than in underdeveloped countries. The desire for new vehicles with lower fuel consumption is spurred by increased government backing with comparatively stronger emission rules, resulting in a higher demand for automotive parts. These factors are projected to contribute to the growth of the global auto parts manufacturing market.

Key Market Players

The major players in the global market are Robert Bosch GmbH, Denso Corporation, General Motors Company, Valeo SA, Continental AG, Schaeffler AG, and Marelli Holdings Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:

Plywood Market:

Male Grooming Products Market:

Commercial Printing Market:

Cosmetic Oil Market:

Precision Forestry Market:

Ferroalloys Market:

Environmental Monitoring Market:

GCC PET Bottle Market:

Indian Pasta Market:

United States E-Cigarette and Vape Market:

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

John Walker
Expert Market Research
+1 415-325-5166
email us here
Visit us on social media:
facebook
twitter
linkedin
other

MENAFN17052023003118003196ID1106261173