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Auto Parts and Accessories Market Size 2025: Global Share, Industry And Report Analysis By 2031 | Koninklijke Philips N.V Magneti marelli S.P.A Namyung Lighting Co., Ltd.

01-13-2025 09:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Auto Parts and Accessories Market

Auto Parts and Accessories Market

Auto parts and accessories market is anticipated to grow at a CAGR of 12.7% during the forecast period (2023-2030). The growing production and adoption of technologically upgraded auto parts and accessories is the key factor supporting the market growth globally. For instance, in August 2020, Advance Auto Parts, Inc. launched MotoLogic® Repair & Diagnostics tool, which makes it easier for automotive technicians and repair shops to offer value-added services to the customers.

Get Free Sample link @ https://www.omrglobal.com/request-sample/auto-parts-and-accessories-market

Moreover, every OEM offers significant resources to research and design-based activities, which is further pushing budding automakers to develop electric, autonomous vehicles, and more "connected" vehicles. For instance, in July 2023, Vitesco Technologies, an international developer and manufacturer of innovative drive systems for sustainable mobility, launched direct sales of OE-manufactured spare parts in the Independent Aftermarket (IAM).

full report of Auto Parts and Accessories Market available @ https://www.omrglobal.com/industry-reports/auto-parts-and-accessories-market

• Market Coverage
• Market number available for - 2025-2031
• Base year- 2025
• Forecast period- 2025-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Auto Parts and Accessories Market Report Segment
By Product
• Engine Parts
• Electrical Parts
• Drive and Transmission Steering Parts
• Suspension and Braking Parts Equipment
• Others (Filter)

By Vehicle Type
• Passenger Vehicles
• Commercial Vehicles
• Light Commercial Vehicles
• Sports Vehicles
• Others (Cargo Cars)

By Type
• Driveline and Powertrain
• Interiors and Exteriors
• Electronics
• Seating
• Lighting
• Other (Chassis)

By Application
• Original Equipment Manufacturer (OEM)
• Aftermarket

Global Auto Parts and Accessories Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global auto parts and accessories market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/auto-parts-and-accessories-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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