Global Auto Parts Manufacturing Market To Be Driven By New Innovations In The Forecast Period Of 2021-2026 – Queen Anne and Mangolia News – Queen Anne and Mangolia News

May 3, 2022 by No Comments

The new report by Expert Market Research titled, ‘Global Auto Parts Manufacturing Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026’, 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 [email protected] https://www.expertmarketresearch.com/reports/auto-parts-manufacturing-market/requestsample

The key highlights of the report include:

Market Overview (2015-2026)

  • Historical Market Size (2020): USD 380 Billion
  • Forecast CAGR (2021-2026): 3%
  • Forecast Market Size (2026): USD 453 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.

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.

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

  • Battery
  • Cooling System
    • Compressor
    • Radiator
    • Pump
    • Thermostat
  • Underbody Components
    • Brake Components
    • Exhaust Components
  • Engine Components
    • Starter
    • Pump
    • Engine
    • Alternator
  • Automotive Filter
  • Lighting Components
  • Electrical Components
    • Ignition Coil
    • Ignition Switch
    • Spark and Glow Plug
  • Others

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

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

Explore the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/auto-parts-manufacturing-market

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 …….

Source: https://www.magnolianews.net/Content/global-auto-parts-manufacturing-market-to-be-driven-by-new-innovations-in-the-forecast-period-of-2021-2026/

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