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Auto parts market size increases by US$324.52 billion, increasing use of technological advancements to boost market growth

New York, October 12, 2022 /PRNewswire/ — “End User (OEM and Aftermarket) and Automotive Parts Market by Region (North America, Europe,Asia Pacific, South AmericaWhen middle east When Africa) – Forecast and Analysis 2022-2026 report has been added to Technavio’s products. Here are the potential growth differences for the auto parts market in 2021 and he 2026: US$324.52 billionTo get the exact annual growth variance and YOY growth rate, request a free PDF sample report.

Technavio has released its latest market research report titled Global Automotive Parts Market 2022-2026.

Technavio has released its latest market research report titled Global Automotive Parts Market 2022-2026.

Key market dynamics

  • Market driver: Increasing use of technological advancements is boosting the growth of the auto parts market. 3D printing technology is used to manufacture and manufacture automotive parts. Most vehicles have parts built into additively manufactured assemblies. These include automotive parts such as gears, gearboxes, engine parts and brake parts. Additive manufacturing techniques reduce the weight of automotive parts. Therefore, the advent of 3D printing in the automotive industry and increasing demand for hybrid and all-electric vehicles are likely to boost the market growth during the forecast period.

  • Market challenges: Drastic Decrease in Automobile Production and Sales We are challenging the growth of the auto parts market. Automobile sales and production have been adversely affected by his COVID-19 outbreak around the world.high motorization rate Europe When North Americaincreased tariffs on imported cars China and the United States, and a slowing economy is expected to reduce car sales in the coming years. As a result, some manufacturers have stopped producing vehicles. These factors are expected to reduce the demand for auto parts and hinder the market growth during the forecast period.

Learn about additional key drivers, trends and challenges available on Technavio, Read a free PDF sample report today.

market segmentation

by the end user OEM The segment will be the largest contributor to market growth during the forecast period. OEM refers to companies that manufacture original car parts such as steering, brakes and other new car parts. OEM parts are manufactured by specific manufacturers to the exact specifications of the vehicle. Buyers prefer auto parts manufactured by OEM. This is because quality is guaranteed. Therefore, the OEM segment is expected to grow during the forecast period.

geographically, Asia Pacific It will be the major region accounting for 38% of the market growth during the forecast period. China When Japan is the leading country in the auto parts market in APAC.

View Free PDF Sample Report For additional insights on the contribution of all report segments and regional opportunities

some companies mentioned

  • 3M Ltd.

  • Aisin Co., Ltd.

  • Akebono Brake Industry Co., Ltd.

  • Brembo SpA

  • Continental AG

  • Cooper Tire and Rubber Company

  • Delphi Technologies Plc

  • Denso Corporation

  • Faurecia SE

  • general motors company

  • HELLA GmbH and Co. KG

  • Leah Co., Ltd.

  • Magna International Co., Ltd.

  • Marelli Holdings Co., Ltd.

  • Tenneco Co., Ltd.

  • Goodyear tire and rubber company.

  • Toyota Boshoku Corporation

  • Valeo SA

  • Robert Bosch GmbH

  • ZF Friedrichshafen AG

Would you like to customize your report? Speak with an analyst to personalize the report to your needs

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Automotive Steel Wheel Market by Service and Region – Forecast and Analysis 2022-2026: The market share of automotive steel wheels is expected to increase by 33.92 million pieces from 2021 to 2026.

Market scope of auto parts

report coverage


page number


base year


Forecast period


Growth Momentum and CAGR

Accelerate at a CAGR of 3.1%

Market growth 2022-2026

US$324.52 billion

market structure


YoY growth rate (%)


Regional analysis

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

Execution of market contribution

Asia Pacific 38%

Main consumption country

USA, Canada, China, Japan, Germany

competitive environment

Scope of major companies, competitive strategies and consumer engagement

Company profiled

3M Co., Aisin Co., Ltd., 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 Corporation, Valeo SA, Robert Bosch GmbH, ZF Friedrichshafen AG

market dynamics

Parent market analysis, market growth drivers and impediments, fast and slow growth segment analysis, impact of COVID-19 and future consumer dynamics, and market landscape analysis for the forecast period.

Customization range

If the data you’re looking for isn’t in the report, contact an analyst to customize the segment.

Browse the Consumer Discretionary Market Report

main topic

1.executive summary

2 Market outlook

3 Market size

4 Five Forces Analysis

5 Market Segmentation by End User

6 Customer Situation

7 Geographical landscape

8 Factors, Challenges and Trends

9 Vendor Landscape

10 vendor analysis

11 Appendix

about us

Technavio is the world’s leading technology research and advisory firm. Their research and analysis focuses on emerging market trends, with actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market position. provide.

With over 500 expert analysts, Technavio’s report library consists of over 17,000 reports covering 800 technologies across 50 countries. Their customer base consists of companies of all sizes, including over 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing and potential market opportunities and compete within changing market scenarios. Evaluate power.

Technavio Research
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Media & Marketing Executive
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(PR News Photo/Technavio)

(PR News Photo/Technavio)



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