Motor Vehicle Parts Market 2021 Demand, Growth Challenges, Industry Analysis And Forecasts To 2030
The motor vehicle parts market report describes and explains the global motor vehicle parts market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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The motor vehicle parts market consists of sales of motor vehicle parts and related services by entities (organizations, sole traders and partnerships) that produce motor vehicle gasoline engines and engine parts, motor vehicle electrical and electronic equipment, motor vehicle steering and suspension components (except springs), motor vehicle brake systems, motor vehicle transmission and power train parts, motor vehicle seating and interior trim, motor vehicle metal stampings, and other motor vehicle parts and accessories.This market includes sales of rebuilt motor vehicle parts.This market includes sales of both new and used vehicles.The motor vehicle parts market is segmented into motor vehicle body, metal stamping & other parts; motor vehicle engine, power train & parts and motor vehicle electrical & electronic equipment, steering suspension, & interiors.
The global motor vehicle parts market is expected to grow from $2650.5 billion in 2020 to $2781.2 billion in 2021 at a compound annual growth rate (CAGR) of 5%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.The market is expected to reach $3810.1 billion in 2025 at a CAGR of 8%.
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Some of the major players of the motor vehicle parts market are Robert Bosch, Denso Corporation, Magna International Inc, Aisin Group, Continental Automotive Systems Corporation.
The countries covered in the global motor vehicle parts market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global motor vehicle parts market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global motor vehicle parts market is segmented -
1) By Type: Motor Vehicle Body, Stamped Metal & Other Parts, Motor Vehicle Engine, Power Train & Parts, Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors
2) By Application: Passenger Vehicle, Commercial Vehicle
3) By End Use: OEM, Aftermarket
Subsegments Covered: Motor Vehicle Body, Stamped Metal, Other Parts, Vehicle Engine And Engine Parts, Power Train And Power Train Parts, Motor Vehicle Electrical and Electronic Equipment, Motor Vehicle Steering and Suspension Components (except Spring), Motor Vehicle Seating and Interior Trim
Read More On The Global Motor Vehicle Parts Market Report:
Few Points From Table Of Content
3.Motor Vehicle Parts Market Characteristics
4.Motor Vehicle Parts Market Product Analysis
5.Motor Vehicle Parts Market Supply Chain
22.Key Mergers And Acquisitions In The Motor Vehicle Parts Market
23.Market Background: Transportation Manufacturing Market
26.Copyright And Disclaimer
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