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.
Key market dynamics
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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.
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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.
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some companies mentioned
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3M Ltd.
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Aisin Co., Ltd.
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Akebono Brake Industry Co., Ltd.
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Brembo SpA
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Continental AG
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Cooper Tire and Rubber Company
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Delphi Technologies Plc
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Denso Corporation
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Faurecia SE
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general motors company
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HELLA GmbH and Co. KG
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Leah Co., Ltd.
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Magna International Co., Ltd.
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Marelli Holdings Co., Ltd.
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Tenneco Co., Ltd.
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Goodyear tire and rubber company.
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Toyota Boshoku Corporation
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Valeo SA
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Robert Bosch GmbH
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ZF Friedrichshafen AG
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Market scope of auto parts |
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report coverage |
detail |
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page number |
120 |
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base year |
2021 |
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Forecast period |
2022-2026 |
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Growth Momentum and CAGR |
Accelerate at a CAGR of 3.1% |
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Market growth 2022-2026 |
US$324.52 billion |
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market structure |
fragmented |
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YoY growth rate (%) |
2.9 |
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Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
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Execution of market contribution |
Asia Pacific 38% |
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Main consumption country |
USA, Canada, China, Japan, Germany |
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competitive environment |
Scope of major companies, competitive strategies and consumer engagement |
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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 |
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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. |
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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
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