Auto Parts Market Size to Grow by USD 324.52 Bn, Increased Use of Technological Advancement to Boost Market Growth

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NEW YORK, Oct. 12, 2022 /PRNewswire/ — The “Auto Parts Market by End-user (OEM and Aftermarket) and Geography (North America, Europe, APAC, South America, and Middle East and Africa) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s providing. The potential progress distinction for the auto elements market between 2021 and 2026 is USD 324.52 billion. To get the precise yearly progress variance and the Y-O-Y progress fee, Request a FREE PDF Sample Report

Key Market Dynamics

  • Market Driver: The elevated use of technological advances is driving the auto elements market progress. 3D printing expertise is used to manufacture and fabricate auto elements. Most autos have elements integrated into the meeting which are additively manufactured. These embrace auto elements equivalent to gears, gearboxes, engine elements, and brake elements. The use of additive manufacturing expertise reduces the load of auto elements. Thus, the emergence of 3D printing within the automotive business and the growing demand for hybrid and all-electric autos are seemingly to increase the expansion of the market in the course of the forecast interval. 
  • Market Challenge: A pointy decline in automobile manufacturing and gross sales is difficult the auto elements market progress. The gross sales and manufacturing of cars had been negatively impacted by the outbreak of COVID-19 internationally. High motorization charges in Europe and North America, an increase in tariffs on imported autos in China and the US, and the financial slowdown are anticipated to cut back the gross sales of autos within the coming years. Hence, a number of producers have stopped automobile manufacturing. These elements are anticipated to cut back the demand for auto elements and, in flip, impeded the expansion of the market in the course of the forecast interval.

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Market Segmentation

By end-user, the OEM section would be the largest contributor to market progress in the course of the forecast interval. OEM refers to firms that manufacture unique auto elements equivalent to steering, brakes, and different elements for newly constructed autos. OEM elements are made by particular producers to align with the precise specification of a automobile. Buyers choose auto elements which are manufactured by OEMs, because it supplies them an assurance of high quality. Therefore, the OEM section is predicted to develop in the course of the forecast interval.

By geography, APAC would be the main area with 38% of the market’s progress in the course of the forecast interval. China and Japan are the important thing international locations for the auto elements market in APAC.

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Some Companies Mentioned

  • 3M Co.
  • Aisin Corp.
  • Akebono Brake Industry Co. Ltd.
  • Brembo SpA
  • Continental AG
  • Cooper Tire and Rubber Co.
  • Delphi Technologies Plc
  • Denso Corp.
  • Faurecia SE
  • General Motors Co
  • HELLA GmbH and Co. KG
  • Lear Corp.
  • Magna International Inc.
  • Marelli Holdings Co. Ltd.
  • Tenneco Inc.
  • The Goodyear Tire and Rubber Co.
  • Toyota Boshoku Corp.
  • Valeo SA
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG

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Auto Parts Market Scope

Report Coverage

Details

Page quantity

120

Base 12 months

2021

Forecast interval

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.1%

Market progress 2022-2026

USD 324.52 billion

Market construction

Fragmented

YoY progress (%)

2.9

Regional evaluation

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 38%

Key shopper international locations

US, Canada, China, Japan, and Germany

Competitive panorama

Leading firms, aggressive methods, shopper engagement scope

Companies profiled

3M Co., Aisin Corp., Akebono Brake Industry Co. Ltd., Brembo SpA, Continental AG, Cooper Tire and Rubber Co., Delphi Technologies Plc, Denso Corp., Faurecia SE, General Motors Co, HELLA GmbH and Co. KG, Lear Corp., Magna International Inc., Marelli Holdings Co. Ltd., Tenneco Inc., The Goodyear Tire and Rubber Co., Toyota Boshoku Corp., Valeo SA, Robert Bosch GmbH, and ZF Friedrichshafen AG

Market Dynamics

Parent market evaluation, market progress inducers and obstacles, fast-growing and slow-growing section evaluation, COVID-19 influence and future shopper dynamics, and market situation evaluation for the forecast interval.

Customization purview

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Key Topics Covered

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of distributors included available in the market definition
  • 3.2 Market section evaluation 
    • Exhibit 12: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 14: Data Table on Global – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 15: Chart on Global Market: Year-over-year progress 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year progress 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces abstract 
    • Exhibit 17: Five forces evaluation – Comparison between 2021 and 2026
  • 4.2 Bargaining energy of consumers 
    • Exhibit 18: Chart on Bargaining energy of consumers – Impact of key elements 2021 and 2026
  • 4.3 Bargaining energy of suppliers 
    • Exhibit 19: Bargaining energy of suppliers – Impact of key elements in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key elements in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key elements in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key elements in 2021 and 2026
  • 4.7 Market situation 
    • Exhibit 23: Chart on Market situation – Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments 
    • Exhibit 24: Chart on End-user – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user – Market share 2021-2026 (%)
  • 5.2 Comparison by End-user 
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 OEM – Market measurement and forecast 2021-2026
    • Exhibit 28: Chart on OEM – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 29: Data Table on OEM – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 30: Chart on OEM – Year-over-year progress 2021-2026 (%)
    • Exhibit 31: Data Table on OEM – Year-over-year progress 2021-2026 (%)
  • 5.4 Aftermarket – Market measurement and forecast 2021-2026
    • Exhibit 32: Chart on Aftermarket – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 33: Data Table on Aftermarket – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 34: Chart on Aftermarket – Year-over-year progress 2021-2026 (%)
    • Exhibit 35: Data Table on Aftermarket – Year-over-year progress 2021-2026 (%)
  • 5.5 Market alternative by End-user 
    • Exhibit 36: Market alternative by End-user ($ billion)

6 Customer Landscape

  • 6.1 Customer panorama overview 
    • Exhibit 37: Analysis of value sensitivity, lifecycle, buyer buy basket, adoption charges, and buy standards

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparability 
    • Exhibit 40: Chart on Geographic comparability
    • Exhibit 41: Data Table on Geographic comparability
  • 7.3 North America – Market measurement and forecast 2021-2026
    • Exhibit 42: Chart on North America – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 43: Data Table on North America – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 44: Chart on North America – Year-over-year progress 2021-2026 (%)
    • Exhibit 45: Data Table on North America – Year-over-year progress 2021-2026 (%)
  • 7.4 Europe – Market measurement and forecast 2021-2026 
    • Exhibit 46: Chart on Europe – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 47: Data Table on Europe – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 48: Chart on Europe – Year-over-year progress 2021-2026 (%)
    • Exhibit 49: Data Table on Europe – Year-over-year progress 2021-2026 (%)
  • 7.5 APAC – Market measurement and forecast 2021-2026
    • Exhibit 50: Chart on APAC – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 51: Data Table on APAC – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 52: Chart on APAC – Year-over-year progress 2021-2026 (%)
    • Exhibit 53: Data Table on APAC – Year-over-year progress 2021-2026 (%)
  • 7.6 South America – Market measurement and forecast 2021-2026
    • Exhibit 54: Chart on South America – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 55: Data Table on South America – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 56: Chart on South America – Year-over-year progress 2021-2026 (%)
    • Exhibit 57: Data Table on South America – Year-over-year progress 2021-2026 (%)
  • 7.7 Middle East and Africa – Market measurement and forecast 2021-2026 
    • Exhibit 58: Chart on Middle East and Africa – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 59: Data Table on Middle East and Africa – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 60: Chart on Middle East and Africa – Year-over-year progress 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa – Year-over-year progress 2021-2026 (%)
  • 7.8 US – Market measurement and forecast 2021-2026
    • Exhibit 62: Chart on US – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 63: Data Table on US – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 64: Chart on US – Year-over-year progress 2021-2026 (%)
    • Exhibit 65: Data Table on US – Year-over-year progress 2021-2026 (%)
  • 7.9 China – Market measurement and forecast 2021-2026
    • Exhibit 66: Chart on China – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 67: Data Table on China – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 68: Chart on China – Year-over-year progress 2021-2026 (%)
    • Exhibit 69: Data Table on China – Year-over-year progress 2021-2026 (%)
  • 7.10 Canada – Market measurement and forecast 2021-2026
    • Exhibit 70: Chart on Canada – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 71: Data Table on Canada – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 72: Chart on Canada – Year-over-year progress 2021-2026 (%)
    • Exhibit 73: Data Table on Canada – Year-over-year progress 2021-2026 (%)
  • 7.11 Germany – Market measurement and forecast 2021-2026
    • Exhibit 74: Chart on Germany – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 75: Data Table on Germany – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 76: Chart on Germany – Year-over-year progress 2021-2026 (%)
    • Exhibit 77: Data Table on Germany – Year-over-year progress 2021-2026 (%)
  • 7.12 Japan – Market measurement and forecast 2021-2026
    • Exhibit 78: Chart on Japan – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 79: Data Table on Japan – Market measurement and forecast 2021-2026 ($ billion)
    • Exhibit 80: Chart on Japan – Year-over-year progress 2021-2026 (%)
    • Exhibit 81: Data Table on Japan – Year-over-year progress 2021-2026 (%)
  • 7.13 Market alternative by geography 
    • Exhibit 82: Market alternative by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026

9 Vendor Landscape

  • 9.2 Vendor panorama 
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 85: Overview on elements of disruption
  • 9.4 Industry dangers 
    • Exhibit 86: Impact of key dangers on business

10 Vendor Analysis

  • 10.1 Vendors coated 
    • Exhibit 87: Vendors coated
  • 10.2 Market positioning of distributors 
    • Exhibit 88: Matrix on vendor place and classification
  • 10.3 3M Co. 
    • Exhibit 89: 3M Co. – Overview
    • Exhibit 90: 3M Co. – Business segments
    • Exhibit 91: 3M Co. – Key information
    • Exhibit 92: 3M Co. – Key choices
    • Exhibit 93: 3M Co. – Segment focus
  • 10.4 Continental AG 
    • Exhibit 94: Continental AG – Overview
    • Exhibit 95: Continental AG – Business segments
    • Exhibit 96: Continental AG – Key information
    • Exhibit 97: Continental AG – Key choices
    • Exhibit 98: Continental AG – Segment focus
  • 10.5 Cooper Tire and Rubber Co. 
    • Exhibit 99: Cooper Tire and Rubber Co. – Overview
    • Exhibit 100: Cooper Tire and Rubber Co. – Product / Service
    • Exhibit 101: Cooper Tire and Rubber Co. – Key choices
  • 10.6 Delphi Technologies Plc 
    • Exhibit 102: Delphi Technologies Plc – Overview
    • Exhibit 103: Delphi Technologies Plc – Business segments
    • Exhibit 104: Delphi Technologies Plc – Key choices
    • Exhibit 105: Delphi Technologies Plc – Segment focus
  • 10.7 Denso Corp. 
    • Exhibit 106: Denso Corp. – Overview
    • Exhibit 107: Denso Corp. – Business segments
    • Exhibit 108: Denso Corp. – Key information
    • Exhibit 109: Denso Corp. – Key choices
    • Exhibit 110: Denso Corp. – Segment focus
  • 10.8 General Motors Co 
    • Exhibit 111: General Motors Co – Overview
    • Exhibit 112: General Motors Co – Business segments
    • Exhibit 113: General Motors Co – Key information
    • Exhibit 114: General Motors Co – Key choices
    • Exhibit 115: General Motors Co – Segment focus
  • 10.9 Marelli Holdings Co. Ltd. 
    • Exhibit 116: Marelli Holdings Co. Ltd. – Overview
    • Exhibit 117: Marelli Holdings Co. Ltd. – Product / Service
    • Exhibit 118: Marelli Holdings Co. Ltd. – Key information
    • Exhibit 119: Marelli Holdings Co. Ltd. – Key choices
  • 10.10 Robert Bosch GmbH 
    • Exhibit 120: Robert Bosch GmbH – Overview
    • Exhibit 121: Robert Bosch GmbH – Business segments
    • Exhibit 122: Robert Bosch GmbH – Key information
    • Exhibit 123: Robert Bosch GmbH – Key choices
    • Exhibit 124: Robert Bosch GmbH – Segment focus
  • 10.11 Tenneco Inc. 
    • Exhibit 125: Tenneco Inc. – Overview
    • Exhibit 126: Tenneco Inc. – Business segments
    • Exhibit 127: Tenneco Inc. – Key information
    • Exhibit 128: Tenneco Inc. – Key choices
    • Exhibit 129: Tenneco Inc. – Segment focus
  • 10.12 ZF Friedrichshafen AG 
    • Exhibit 130: ZF Friedrichshafen AG – Overview
    • Exhibit 131: ZF Friedrichshafen AG – Business segments
    • Exhibit 132: ZF Friedrichshafen AG – Key information
    • Exhibit 133: ZF Friedrichshafen AG – Key choices
    • Exhibit 134: ZF Friedrichshafen AG – Segment focus

11 Appendix

  • 11.2 Inclusions and exclusions guidelines 
    • Exhibit 135: Inclusions guidelines
    • Exhibit 136: Exclusions guidelines
  • 11.3 Currency conversion charges for US$ 
    • Exhibit 137: Currency conversion charges for US$
  • 11.4 Research methodology 
    • Exhibit 138: Research methodology
    • Exhibit 139: Validation strategies employed for market sizing
    • Exhibit 140: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 141: List of abbreviations

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