Motor Vehicle Parts Market Analysis By Industry Perspective, Comprehensive Analysis, Growth And Forecast 2022-2031

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According to The Business Research Company's motor vehicle parts market report, the global motor vehicle parts market size reached a value of nearly $2,781.3 billion in 2021, having grown at a compound annual growth rate (CAGR) of 4.6% since 2016. The global motor vehicle parts market size is expected to grow from $2,781.3 billion in 2021 to $4,063.2 billion in 2026 at a rate of 7.9%. The global motor vehicle parts market size is then expected to grow at a CAGR of 6.8% from 2026 and reach $5,640.1 billion in 2031.

Advances in technology are expected to be a continued driver of motor vehicle parts manufacturing market growth in the forecast period. The global transport manufacturing industry has experienced many technological advances in the last decade, and this is expected to intensify in the forecast period. According to Forbes, the 10 new features in vehicles include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalized in-car marketing and reconfigurable body panels. These innovations are expected to drive the motor vehicle parts manufacturing market during the forecast period.

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The motor vehicle parts market is segmented -
• By Type: Motor Vehicle Body, Stamped Metal And Other Parts, Motor Vehicle Engine, Powertrain And Parts, Motor Vehicle Electrical And Electronic Equipment, Steering Suspension, And Interiors.
• By End-Use: OEM, Aftermarket
• By Application: Passenger Vehicle, Commercial Vehicle

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the motor vehicle parts market.

Major competitors in the motor vehicle parts market include Robert Bosch GmbH, Denso Corp, General Motors Co, Aisin Seiki Co ltd, Hyundai Mobis.

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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 gasoline engines and engine parts, electrical and electronic equipment, integrated circuits (ICs), controller and associated electronic components for electric vehicles, steering and suspension components, brake systems, transmission and powertrain parts, seating and interior trim, metal stampings, and other parts and accessories for the motor vehicle industry.

The Table Of Content For The Motor Vehicle Parts Market Include:
1. Motor Vehicle Parts Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
27. Global Motor Vehicle Parts Market Opportunities And Strategies
28. Motor Vehicle Parts Market, Conclusions And Recommendations
29. Appendix

The Business Research Company's "Global Motor Vehicle Parts Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.

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