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Auto Parts Manufacturing Market - Global Forecast Report 2023-2028

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    Report

  • 169 Pages
  • July 2023
  • Region: Global
  • Expert Market Research
  • ID: 5864450
According to the report, the global auto parts manufacturing market reached a value of USD 660.24 billion in 2022. Aided by the rapidly evolving automotive sector, technological advancements, and a surge in vehicle production, the market is projected to further grow at a CAGR of 6.26% between 2023 and 2028 to reach a value of USD 939.21 billion by 2028.

Auto parts manufacturing encompasses the production of a myriad of components that constitute a vehicle, from the smallest screws to complete engine systems. These parts, whether for cars, trucks, or other types of vehicles, are fundamental for the efficient and safe operation of the vehicle. With the automotive sector continuously pushing boundaries, the importance of high-quality, innovative, and durable auto parts has become more pronounced than ever.

The trajectory of global auto parts manufacturing market growth is intrinsically tied to the automotive sector's evolution. As consumer preferences shift towards more fuel-efficient, technologically advanced, and sustainable vehicles, auto parts manufacturers have had to pivot and adapt. The rise in electric vehicles, for instance, has led to increased demand for batteries, electric drivetrains, and advanced sensor systems.

Furthermore, the ever-growing importance of safety has necessitated advancements in auto parts related to accident prevention and mitigation. Advanced Driver Assistance Systems (ADAS) and the journey towards autonomous driving have placed the spotlight on sensors, radars, and complex electronic systems, propelling the auto parts manufacturing market development.

Another significant growth driver is the increasing global vehicle production, buoyed by emerging economies. With regions like Asia Pacific witnessing an uptick in vehicle ownership rates, the demand for auto parts for both new vehicles and aftermarket replacements has seen a substantial rise.

The integration of technology and digital transformation in vehicles has also opened up new avenues for auto parts manufacturers. Connectivity, infotainment systems, and the integration of artificial intelligence (AI) in modern vehicles are not only redefining the driving experience but also reshaping the auto parts manufacturing landscape.

In the sustainability realm, the auto parts manufacturing market are witnessing a gradual shift towards eco-friendly materials and processes. The push for reduced carbon footprints and minimal environmental impact is leading to the research and adoption of green materials and manufacturing techniques. This transition not only meets regulatory standards but also resonates with an increasingly eco-conscious consumer base.

Market Segmentation

The market can be divided based on component, sales channel, vehicle type, and region.

Market Breakup by Component

  • 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
  • Chassis System
  • Transmission and Steering System
  • Others

Market Breakup by Sales Channel

  • OEM
  • Aftermarket

Market Breakup by Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

This report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global auto parts manufacturing companies. Some of the major key players explored in the report are as follows:
  • Robert Bosch GmbH
  • DENSO CORPORATION
  • Continental AG
  • ZF Friedrichshafen AG
  • Hyundai Motor Group
  • Aisin Corporation
  • Magna International Inc
  • Valeo
  • Lear Corporation
  • Yazaki Group
  • Tenneco Inc
  • Sumitomo Electric Industries, Ltd
  • Akebono Brake Industry Co., Ltd
  • Panasonic Holdings Corporation
  • Faurecia S.E
  • Marelli Holdings Co., Ltd
  • Others

About the Publisher

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This high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.

*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Auto Parts Manufacturing Market Analysis
8.1 Key Industry Highlights
8.2 Global Auto Parts Manufacturing Historical Market (2018-2022)
8.3 Global Auto Parts Manufacturing Market Forecast (2023-2028)
8.4 Global Auto Parts Manufacturing Market by Component
8.4.1 Battery
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Cooling System
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.2.3 Breakup by Cooling System Type
8.4.2.3.1 Compressor
8.4.2.3.2 Radiator
8.4.2.3.3 Pump
8.4.2.3.4 Thermostat
8.4.3 Underbody Components
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.3.3 Breakup by Underbody Components Type
8.4.3.4.1 Brake Components
8.4.3.4.2 Exhaust Components
8.4.4 Engine Components
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.4.3 Breakup by Engine Component Type
8.4.4.3.1 Starter
8.4.4.3.2 Pump
8.4.4.3.3 Engine
8.4.4.3.4 Alternator
8.4.5 Automotive Filter
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Lighting Components
8.4.6.1 Historical Trend (2018-2022)
8.4.6.2 Forecast Trend (2023-2028)
8.4.7 Electrical Components
8.4.7.1 Historical Trend (2018-2022)
8.4.7.2 Forecast Trend (2023-2028)
8.4.7.3 Breakup by Electrical Components Type
8.4.7.3.1 Ignition Coil
8.4.7.3.2 Ignition Switch
8.4.7.3.3 Spark and Glow Plug
8.4.8 Chassis System
8.4.8.1 Historical Trend (2018-2022)
8.4.8.2 Forecast Trend (2023-2028)
8.4.9 Transmission and Steering System
8.4.9.1 Historical Trend (2018-2022)
8.4.9.2 Forecast Trend (2023-2028)
8.4.10 Others
8.5 Global Auto Parts Manufacturing Market by Sales Channel
8.5.1 OEM
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Aftermarket
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Auto Parts Manufacturing Market by Vehicle Type
8.6.1 Passenger Cars
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Light Commercial Vehicles
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Heavy Commercial Vehicles
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Auto Parts Manufacturing Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Auto Parts Manufacturing Market Analysis
9.1 Market by Component
9.2 Market by Sales Channel
9.3 Market by Vehicle Type
9.4 Market by Country
9.4.1 United States of America
9.4.1.1 Historical Trend (2018-2022)
9.4.1.2 Forecast Trend (2023-2028)
9.4.2 Canada
9.4.2.1 Historical Trend (2018-2022)
9.4.2.2 Forecast Trend (2023-2028)
10 Europe Auto Parts Manufacturing Market Analysis
10.1 Market by Component
10.2 Market by Sales Channel
10.3 Market by Vehicle Type
10.4 Market by Country
10.4.1 United Kingdom
10.4.1.1 Historical Trend (2018-2022)
10.4.1.2 Forecast Trend (2023-2028)
10.4.2 Germany
10.4.2.1 Historical Trend (2018-2022)
10.4.2.2 Forecast Trend (2023-2028)
10.4.3 France
10.4.3.1 Historical Trend (2018-2022)
10.4.3.2 Forecast Trend (2023-2028)
10.4.4 Italy
10.4.4.1 Historical Trend (2018-2022)
10.4.4.2 Forecast Trend (2023-2028)
10.4.5 Others
11 Asia Pacific Auto Parts Manufacturing Market Analysis
11.1 Market by Component
11.2 Market by Sales Channel
11.3 Market by Vehicle Type
11.4 Market by Country
11.4.1 China
11.4.1.1 Historical Trend (2018-2022)
11.4.1.2 Forecast Trend (2023-2028)
11.4.2 Japan
11.4.2.1 Historical Trend (2018-2022)
11.4.2.2 Forecast Trend (2023-2028)
11.4.3 India
11.4.3.1 Historical Trend (2018-2022)
11.4.3.2 Forecast Trend (2023-2028)
11.4.4 ASEAN
11.4.4.1 Historical Trend (2018-2022)
11.4.4.2 Forecast Trend (2023-2028)
11.4.5 South Korea
11.4.5.1 Historical Trend (2018-2022)
11.4.5.2 Forecast Trend (2023-2028)
11.4.6 Australia
11.4.6.1 Historical Trend (2018-2022)
11.4.6.2 Forecast Trend (2023-2028)
11.4.7 Others
12 Latin America Auto Parts Manufacturing Market Analysis
12.1 Market by Component
12.2 Market by Sales Channel
12.3 Market by Vehicle Type
12.4 Market by Country
12.4.1 Brazil
12.4.1.1 Historical Trend (2018-2022)
12.4.1.2 Forecast Trend (2023-2028)
12.4.2 Argentina
12.4.2.1 Historical Trend (2018-2022)
12.4.2.2 Forecast Trend (2023-2028)
12.4.3 Mexico
12.4.3.1 Historical Trend (2018-2022)
12.4.3.2 Forecast Trend (2023-2028)
12.4.4 Others
13 Middle East and Africa Auto Parts Manufacturing Market Analysis
13.1 Market by Component
13.2 Market by Sales Channel
13.3 Market by Vehicle Type
13.4 Market by Country
13.4.1 Saudi Arabia
13.4.1.1 Historical Trend (2018-2022)
13.4.1.2 Forecast Trend (2023-2028)
13.4.2 United Arab Emirates
13.4.2.1 Historical Trend (2018-2022)
13.4.2.2 Forecast Trend (2023-2028)
13.4.3 Iran
13.4.3.1 Historical Trend (2018-2022)
13.4.3.2 Forecast Trend (2023-2028)
13.4.4 South Africa
13.4.4.1 Historical Trend (2018-2022)
13.4.4.2 Forecast Trend (2023-2028)
13.4.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Robert Bosch GmbH
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 DENSO CORPORATION
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Continental AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 ZF Friedrichshafen AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hyundai Motor Group
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Aisin Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Magna International Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Valeo
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Lear Corporation
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Yazaki Group
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Tenneco Inc.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Sumitomo Electric Industries, Ltd.
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Akebono Brake Industry Co., Ltd.
15.2.13.1 Company Overview
15.2.13.2 Product Portfolio
15.2.13.3 Demographic Reach and Achievements
15.2.13.4 Certifications
15.2.14 Panasonic Holdings Corporation
15.2.14.1 Company Overview
15.2.14.2 Product Portfolio
15.2.14.3 Demographic Reach and Achievements
15.2.14.4 Certifications
15.2.15 Faurecia S.E.
15.2.15.1 Company Overview
15.2.15.2 Product Portfolio
15.2.15.3 Demographic Reach and Achievements
15.2.15.4 Certifications
15.2.16 Marelli Holdings Co., Ltd
15.2.16.1 Company Overview
15.2.16.2 Product Portfolio
15.2.16.3 Demographic Reach and Achievements
15.2.16.4 Certifications
15.2.17 Others
16 Key Trends and Developments in the Market

Companies Mentioned

  • Robert Bosch GmbH
  • DENSO CORPORATION
  • Continental AG, ZF
  • Friedrichshafen AG
  • Hyundai Motor Group
  • Aisin Corporation
  • Magna International Inc.
  • Valeo
  • Lear Corporation
  • Yazaki Group
  • Sumitomo Electric Industries, Ltd.
  • Tenneco Inc.
  • Akebono Brake Industry Co., Ltd.
  • Panasonic Holdings Corporation
  • Faurecia S.E.
  • Marelli Holdings Co., Ltd

Methodology

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