Auto Parts Manufacturing Market Estimated to Reach US$ 2,523 Billion by 2028 | Aisin Corporation, Continental AG, DENSO Corporation, Schaeffler AG, Valeo

IMARC Group has recently released a new research study titled "Auto Parts Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the auto parts manufacturing market?

The global auto parts manufacturing market size reached US$ 2,138 Billion in 2022 and the market to reach US$ 2,523 Billion by 2028, exhibiting a growth rate (CAGR) of 2.8% during 2023-2028.

Auto Parts Manufacturing Market Outlook:

Auto parts manufacturing refers to the process of designing, developing, and producing various components and systems used in the construction of automobiles. These parts can include engine components, transmissions, brakes, suspension systems, and electrical systems.

Auto parts manufacturers use a variety of materials, including steel, aluminum, plastics, and composite materials, to produce high-quality, reliable parts that meet the safety and performance requirements of the automotive industry.

Request to get the sample report: https://www.imarcgroup.com/auto-parts-manufacturing-market/requestsample

Auto Parts Manufacturing Market Trends and Growth Drivers: 

The rising demand for electric (EVs) and hybrid vehicles represents a key factor driving the market growth. In line with this, the increasing demand for auto parts manufacturing is further supporting the production of these vehicles, including the production of batteries, electric motors, and other components that are specific to these vehicles.

Apart from this, the increasing global demand for automobiles due to population growth, urbanization, rising disposable incomes, and improved access to financing is further contributing to the market growth.

In addition to this, the rising use of advanced materials, such as lightweight materials, composites, and smart materials, in the manufacturing of auto parts, coupled with the growing government implementation of various regulations for strict emission and safety standards is creating a positive outlook for the market across the globe.

Who are the key players operating in the industry?

Auto Parts Manufacturing Companies:

• Aisin Corporation
• Akebono Brake Industry Co. Ltd.
• Brembo S.p.A.
• Continental AG
• DENSO Corporation
• Faurecia SE, General Motors Company
• Magna International Inc.
• Marelli Holdings Co. Ltd.
• Robert Bosch GmbH
• Schaeffler AG
• Valeo

You Might Read Also Blog on Top 12 Auto Parts Manufacturing Companies: https://www.imarcgroup.com/auto-parts-manufacturing-companies

Auto Parts Manufacturing Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Component Type:

• Battery
• Cooling System
o Compressor
o Radiator
o Pump
o Thermostat
• Underbody Components
o Brake
o Exhaust
• Engine Components
o Starter
o Pump
o Engine
o Alternator
• Automotive Filter
• Lighting Components
• Electrical Components
o Ignition Coil
o Ignition Switch
o Spark and Glow Plug
• Others

Breakup by Sales Channel:

• OEM
• Aftermarket

Breakup by Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=6183&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Country: United States
Website: https://www.imarcgroup.com

About Us                             

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.