Automotive Parts and Components market will register a 4.3% CAGR in terms of revenue, the global market size will reach $ 2145060 million by 2026, from $ 1815860 million in 2019. In particular, this report presents the global revenue market share of key companies.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Automotive Parts and Components market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. 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. Also, the attractiveness of the market has been presented By Region, Automotive Parts and Components Type. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
The global Automotive Parts and Components market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes: Robert Bosch, Denso Corp., Magna International, Continental, ZF Friedrichshafen, Hyundai Mobis, Aisin Seiki, BASF, Calsonic Kansei Corp., Toyota Boshoku Corp., Schaeffler, Panasonic Automotive, Toyoda Gosei, Autoliv, Hitachi Automotive, Faurecia, Lear Corp., Valeo, Delphi Automotive, Yazaki Corp., Sumitomo Electric, JTEKT Corp., Thyssenkrupp, Mahle GmbH, Yanfeng Automotive, Gestamp, BorgWarner Inc., Hyundai-WIA Corp, Magneti Marelli, Samvardhana Motherson and others.
Automotive Industry News
In next 3 years The Tesla’s $250,000 supercar to Ford’s electric F-150, these are the 18 coolest EVs set to hit the streets.
Due to the Pandemic the supply-chain problems were complicating their businesses, by a freak weather, port blockages and the continued impact of Covid-19 combine to disrupt global supply chains of engine materials and body parts in Toyota Motor Corp., Honda Motor Co. and Samsung Electronics Companies.
Revently Ford warned that the chip shortage alone could reduce earnings by $1 billion to $2.5 billion this year. General Motors put its number at $2 billion. While Honda didn't put out a dollar figure, it warned last month that it expects to sell about 100,000 fewer vehicles worldwide this year solely because of the chip shortages.
The Google and Ford are teaming up in an alliance to meet “reinvent” virtually The Android-based operating system will be able to monitor a vehicle once it’s out on the road, warning owners if there’s a mechanical problem developing — while also advising them if it’s time for service, even automatically setting up a dealer appointment.
Automotive Parts and Components market is segmented based on the type, applications, companies and regions.
The end users industry application on Automotive Parts and Components market are OEMs, After market.
The report offers in-depth assessment of the growth and other aspects of the Automotive Actuator market in important regions, including the global growth aspects.
The Key regions covered in the report are,
North America (U.S., Canada)
Europe (Germany, France, U.K., Italy)
Asia-Pacific (Russia, China, Japan, South Korea, Taiwan, Southeast Asia)
South America (Mexico, and Brazil, etc.) and ROW.
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 2021-2025.
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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.