Press release
Auto Parts market is estimated to grow at a CAGR of 3.42% within the forecast period of 2023-2030 : Cognitive Market Research
Auto-Parts market is estimated to grow at a CAGR of 3.42% within the forecast period of 2023-2030 : Cognitive Market Research
Auto-parts are referring to the component elements and systems that make up an automobile. These component elements and systems are part of an assembly that is designed for installation in any type of automotive. The auto parts are manufactured separately and are generally designated for building or repairing automobiles (cars, trucks, motorcycles, and others).
Summary:
Auto-parts market is projected to grow with a CAGR of 3.42% (2023-2030).
Detailed Summary Details: https://www.cognitivemarketresearch.com/auto-parts-market-report#report_summary
To know more Auto Parts Market statistics click here: https://www.cognitivemarketresearch.com/auto-parts-market-report
Market Dynamic Factors
• With increasing population, urbanization, industrialization, and the logistic sector the demand for automobiles for mobility and transportation also increases driving the production of. As the demand for vehicles increases, the demand for auto parts also increases, driving the growth of the industry.
• Due to COVID-19, several people prefer personal vehicles in order to eliminate the risk of catching a contagious disease while traveling.
Survey results have stated that more than 60% of respondents have stated that they prefer a personal vehicle more after COVID-19 Pandemic. This also has contributed to the growing sales of cars in the global market.
• An increasing number of older vehicles on the road and expanding aftermarket are also driving the demand for auto-part in the market.
• The economic growth in an emerging market, the trend of buying a car online, purchasing a used car, rising demand for electric and hybrid vehicles, (EV), and emerging E-commerce platform are expected to bring lucrative opportunities for the growth of the auto-part market.
Market Segmentation:
Type of Auto Parts
• Car charger/Batteries
• Lighting Equipment (headlights, taillights, fog lights)
• Wheels and Tires
• Engines
• Brakes
• Smart lock
• Inverter
• Others
By End User
• OEM (original equipment manufacturer)
• Aftermarket
- OEM
OEM (original equipment manufacturer) are referred to the companies that manufacture parts for use in new vehicles.
Distribution Channel
• Online
• Offline
- Online Channel
Online distribution channel also known as E-distribution. This is the type of distribution that uses the internet and electronic media for selling or buying of goods and services over a public network without any physical media.
- Offline Channel
Offline distribution channels refer to the selling of goods and services through a physical shop environment. In offline distribution channels, the buyer and seller interact face-to-face with each other to carry out commercial activity.
Regional Analysis
- Asia Pacific region holds the highest market share followed by North America and Europe. The significant presence of auto parts manufacture, growing economies, and increasing demand for vehicles are among the prime factors driving the growth of the auto-part market in the Asia-Pacific Region.
Get Access of latest published Auto Parts Market Report:
https://www.cognitivemarketresearch.com/auto-parts-market-report
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Auto Parts Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Auto Parts Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Auto Parts Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Mergers and Acquisition Analysis
• 5.2 Global New Launches Analysis
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling
Chapter 8 Global Auto Parts Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Auto Parts Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Auto Parts Market Regional Analysis
Chapter 11 North America Auto Parts Market Development Status and Opportunities
Chapter 12 Europe Auto Parts Market Development Status and Opportunities
Chapter 13 Asia Pacific Auto Parts Market Development Status and Opportunities
Chapter 14 Latin America Auto Parts Market Development Status and Opportunities
Chapter 15 Middle East and Africa Auto Parts Market Development Status and Opportunities
Chapter 16 Research Findings
To know more The Auto Parts market TOC click here:
https://www.cognitivemarketresearch.com/auto-parts-market-report#table_of_contents
Related Report:
• Auto Parts Store Software Market - https://www.cognitivemarketresearch.com/auto-parts-store-software-market-report
• Aftermarket Auto Parts Market - https://www.cognitivemarketresearch.com/aftermarket-auto-parts-market-report
• Auto Parts Remanufacturing Market - https://www.cognitivemarketresearch.com/auto-parts-remanufacturing-market-report
• Auto Parts Cleaning Machine Market - https://www.cognitivemarketresearch.com/auto-parts-cleaning-machine-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research:
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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