This comprehensive Global Auto Parts and Accessories Market research report includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The Auto Parts and Accessories Market research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
Auto parts and components include bodies, chassis, interiors, exteriors, seating, powertrains, electronics, mirrors, closures, roof systems and modules, etc. All the parts and components are installed in a car to supply the best driving experience. The worldwide market for Auto Parts and Accessories is expected to grow at a CAGR of roughly 4.4% over the next five years, will reach 2543700 million US$ in 2023, from 1969100 million US$ in 2017.
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By 2020 the automotive industry investments will be increased to $82 billion because of the growing digitalization and advancements in technology. Today, consumers are researching a car online before even stepping foot in a dealership. In response to this the companies are likely to begin selling cars and parts directly through their respective websites.
Scope of the Report:
This report focuses on the Auto Parts and Accessories in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The classification of Auto Parts and Accessories includes Driveline and Powertrain, Interiors and Exteriors, Electronics, Bodies and Chassis, Seating, Lighting, Wheel and Tires, etc. The proportion of Driveline and Powertrain in 2016 is about 25%, and the proportion is in decreasing trend from 2012 to 2016.
Auto Parts and Accessories is widely used in OEM and Aftermarkets. The former account for market share more than 67%, while the latter account for the rest. For frequently replaced parts and components, the price in Aftermarket generally lower.
China is the largest consumption place, with a consumption market share nearly 25% in 2016 due to the fast growing automotive industry. Following China, USA and Europe are also the important consumption place with the mature automotive industry.
Market concentration degree is not high for the total market as the top 30 manufacturers occupied market share about 27%. While for one kind part or component, the market concentration degree may be high.
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Robert Bosch, Denso Corp., Magna International, Continental, ZF Friedrichshafen, Hyundai Mobis, Aisin Seiki, Faurecia, Lear Corp., Valeo, Delphi Automotive…
Market by Product Type:
Driveline and Powertrain, Interiors and Exteriors, Electronics, Bodies and Chassis, Seating, Lighting, Wheel and Tires…
Market by Application:
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This report is the extensive analysis of the Auto Parts and Accessories Industry based on the primary and secondary in-depth research. The scope of the report includes the ‘Global’ and ‘regional’ sale, product consumption in terms of ‘volume’ and ‘value’. The Auto Parts and Accessories Market report offers a forecast of revenue, CAGR, and cumulative revenue. The gathered information about Auto Parts and Accessories Industry Global business is represented in the figures, tables, pie chart, and graphs.
Research Study provides in-depth analysis on this report:
- Marketing strategy analysis and development trends.
- Auto Parts and Accessories Market effect factor analysis.
- Emerging niche segments and regional Auto Parts and Accessories Markets.
- A complete framework analysis, including an assessment of the parent market.
- An empirical assessment of the trajectory of the Auto Parts and Accessories Market.
The statistical analysis, the report depicts the global total market of Auto Parts and Accessories Industry including capacity, production, production value, cost/profit, supply/demand import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
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