Auto Parts and Accessories market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 2128700 million in 2020. Over the next five years the Auto Parts and Accessories market will register a 2.9% CAGR in terms of revenue, the global market size will reach US$ 2387010 million by 2026. Auto parts and components include bodies, chassis, interiors, exteriors, seating, powertrains, electronics, mirrors, closures, roof systems & modules, etc. All the parts and components are installed in a car to supply the best driving experience.
The classification of Auto Parts and Accessories includes Driveline & Powertrain, Interiors & Exteriors, Electronics, Bodies & Chassis, Seating, Lighting, Wheel & Tires, etc. The proportion of Driveline & 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.
Top Key players in the Auto Parts and Accessories Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Auto Parts and Accessories Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Robert Bosch, Denso, Magna International, Continental, ZF Friedrichshafen, Hyundai Mobis, Aisin Seiki, Faurecia, Lear, Valeo, Delphi Automotive, Yazaki, Sumitomo Electric, JTEKT, Thyssenkrupp, Mahle GmbH, Yanfeng Automotive, BASF, Calsonic Kansei, Toyota Boshoku, Schaeffler, Panasonic Automotive, Toyoda Gosei, Autoliv, Hitachi Automotive, Gestamp, BorgWarner, Hyundai-WIA, Magneti Marelli, Samvardhana Motherson and others.
Global Auto Parts and Accessories Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Auto Parts and Accessories Market is segmented based on the type, applications, companies and regions.
By Type, Auto Parts and Accessories Market has been segmented into
Driveline & Powertrain
Interiors & Exteriors
Bodies & Chassis
Wheel & Tires
The end user’s industry application on Auto Parts and Accessories Market is,
The report offers in-depth assessment of the growth and other aspects of the Auto Parts and Accessories Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Auto Parts and Accessories Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Auto Parts and Accessories Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Auto Parts and Accessories Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during COVID19 Pandemic. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.