Auto Component Market Exhibits a Stunning Growth Potentials: Denso, Valeo, Continental
Auto component including internal and some of the external parts that is engine parts, drive transmission & steering parts, body and chassis, suspension and braking parts, equipment, electrical parts and others such as fan belts, die-casting and sheet metal parts. Auto component market can be broadly classified into organised and unorganised sectors. The organised sector caters to original equipment manufacturers (OEMs) and consist of high-value precision instruments while the unorganised sector comprises low-valued products and caters mostly to the aftermarket category. These components are manufactured with precision and advanced technological methods. This industry of auto component provides services for repair and maintenance of the vehicle. Moreover, the technological advancements in automobile industry is increasing the demand in advanced features which is fueling the market growth. According to Automotive Aftermarket, in United States, Aftermarket industry in 2018 was valued at USD 296 billion and projected to reach USD 433 billion by 2021. This includes individual businesses including manufacturers, repair shops, distributors, marketers and retailers. Also, According to IBEF, the auto component industry in India has grown by 10.6% to reach at USD 56.2 billion in 2019.
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Market Growth Drivers
• Growing Working Population is Driving Vehicle Production
• Increasing usage of Additional Accessories Include Additional Component
• Use of Recycled Parts to Prevent the Use of Raw Materials
• Advancements in the Manufacturing Processes
• Limited Availability of Resources Such As Metal and Others
• Issues Related to Labour Costs
• Government Regulations Related to Environment Protection
• Inappropriate Road Conditions Leading To Replacements of Components
• Increasing Number of Automobile Manufacturers
• Lack of availability of Skilled Labours is affecting the market growth. COVID 19 outbreak has affected the automotive sector as 78% of the companies are not having enough staff to run the production line. Also, 80% of the world auto supply chain is connected to China. Therefore, According to China Passenger Car Association, the sales in first two months have declined by 40% as compared to same period in 2019 which is having negative impact on the industry.
Insights that Study is offering:
-- Market Revenue splits by most promising business segments. [By Type (Flywheel, Pressure Plate, Clutch, Other), Application (Passenger Cars (PC), Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)), Sales Channel (OEMs, Aftermarket), Certification (Genuine Parts, Certified Parts, Uncertified Parts) and any other business Segment if applicable within scope of report]
-- Impact Analysis on Business Segment, POST COVID-19 Growth Scenario
-- Market Share & Sales Revenue by Key Players & Local Emerging Regional Players. [Some of the players covered in the study are Robert Bosch Gmbh (Germany), Denso (Japan), Valeo (France), Continental (Germany), Tata Group (India), Aptiv (Ireland), ZF Friedrichshafen (Germany), Magna International (Canada), Faurecia S.A. (France) and Aisin Seiki (Japan)]
-- A separate section on Entropy to gain useful insights on leader’s aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Development Activity Including seed funding]
-- Competitive Analysis: Company profile of listed players with separate SWOT Analysis, Overview, Product/Services Specification, Headquarter, Downstream Buyers and Upstream Suppliers.
-- Gap Analysis by Region. Country break-up will help you dig out Trends and opportunity lying in specific territory of your business interest.
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Set of qualitative information that includes PESTEL Analysis, PORTER Five Forces Model, Value Chain Analysis and Macro Economic factors, Regulatory Framework, Reforms in support of scaling production and demand along with Industry Background and Overview
Most frequently asked question:
• How Study Have Considered the Impact of COVID-19 / Economic Slowdown of 2020?
Analyst at AMA have conducted special survey and have connected with opinion leaders and Industry experts from various region to minutely understand impact on growth as well as local reforms to fight the situation. A special chapter in the study presents Impact Analysis of COVID-19 on Global Auto Component Market along with tables and graphs related to various country and segments showcasing impact on growth trends.
• What companies are profiled in Latest version? Can list of players be customized according to target scope?
Yes, we can add or profile new company as per client need in the report. Final approval would be provided by research team of Advance Market Analytics depending upon the difficulty of survey.
** Data availability will be confirmed by research in case of privately held company. Upto 3 players can be added at no added cost.
Enquire for customization in Report @ https://www.advancemarketanalytics.com/enquiry-before-buy/163221-global-auto-component-market
To comprehend Global Auto Component market dynamics in the world mainly, the worldwide Auto Component market is analyzed across major global regions. Advance Market Analytics also provides customized specific regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
• Europe: UK, France, Italy, Germany, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
Strategic Points Covered in Table of Content of Global Auto Component Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Auto Component market
Chapter 2: Exclusive Summary – the basic information of the Auto Component Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Auto Component
Chapter 4: Presenting the Auto Component Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Auto Component market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Auto Component Market is a valuable source of guidance for individuals and companies.
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Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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