Press release
Transport Vehicle Components Market Insights 2025-2034: Growth Forecast and Strategic Priorities
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.Transport Vehicle Components Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The transport vehicle components market size has grown strongly in recent years. It will grow from $791.98 billion in 2024 to $839.2 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to automotive design evolution, market demand for fuel efficiency, globalization of supply chains, evolving emissions regulations, materials and manufacturing innovations.
Transport Vehicle Components Market Size Forecast: What's the Projected Valuation by 2029?
The transport vehicle components market size is expected to see strong growth in the next few years. It will grow to $1104.39 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to electrification growth, innovative lightweight materials, connected vehicle ecosystem expansion, sustainable solutions emphasis, urban mobility expansion. Major trends in the forecast period include supply chain resilience and localization, rise in urban mobility solutions, sustainability and eco-friendly solutions, safety and advanced driver-assistance systems (adas), connected vehicle ecosystem.
View the full report here:
https://www.thebusinessresearchcompany.com/report/transport-vehicle-components-global-market-report
What Are the Drivers Transforming the Transport Vehicle Components Market?
The increasing demand for commercial vehicles is expected to propel the growth of the transport vehicle components market going forward. A commercial vehicle is permitted to be used for the transportation of goods or materials rather than people. Commercial vehicles increasingly require components for their functioning, hence, the growth of this market will result in the growth of the transport vehicle components market.. For instance, in April 2024, according to the China Association of Automobile Manufacturers (CAAM), sales of Chinese commercial vehicles surged by 22.1% year-over-year (y/y) in 2023, reaching a total of 4,031,000 units. This growth was driven by domestic sales, which rose to 3,261,000 units (up 20% y/y), while exports increased significantly by 32.2%, amounting to 770,000 units. Therefore, increasing demand for commercial vehicles is expected to grow the transport vehicle components market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9248&type=smp
What Long-Term Trends Will Define the Future of the Transport Vehicle Components Market?
Technological advancements are a key trend gaining popularity in the transport vehicle components market. Major companies operating in the market are focused on developing technologically advanced products to strengthen their position in the market. For instance, in September 2024, Volvo Cars, a Sweden-based manufacturer of luxury vehicles, revealed a significant expansion of its electric vehicle lineup, unveiling plans for three new fully electric models slated for release by 2025. This initiative aligns with the company's commitment to achieving 90-100% electrified sales by 2030 and reflects ongoing efforts to enhance its sustainability measures, including a targeted reduction of CO2 emissions per vehicle.
Which Segments in the Transport Vehicle Components Market Offer the Most Profit Potential?
The transport vehicle components market covered in this report is segmented -
1) By Type: Motor Vehicle Body, Stamped Metal, Motor Vehicle Engine, Power Train And Parts, Motor Vehicle Electrical And Electronic Equipment, Steering Suspension, Interiors
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Component Type : Battery Packs, DC-DC Converters, Controller And Inverter, Motor, Onboard Charger
4) By Sale Channel: OEM (Original Equipment Manufacturer), After market
Subsegments:
1) By Motor Vehicle Body: Chassis, Panels And Frame
2) By Stamped Metal: Body Panels, Structural Components
3) By Motor Vehicle Engine: Internal Combustion Engines, Electric Motors
4) By Power Train And Parts: Transmissions, Differentials
5) By Motor Vehicle Electrical And Electronic Equipment: Battery Systems, Control Units
6) By Steering Suspension: Steering Systems, Suspension Components
7) By Interiors: Seats, Dashboard Components, Trim And Upholstery
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9248&type=smp
Which Firms Dominate the Transport Vehicle Components Market by Market Share and Revenue in 2025?
Major companies operating in the transport vehicle components market include Robert Bosch GmbH, Aisin Seiki Co. Ltd., Valeo SA, Continental AG, Aptiv PLC, ZF Friedrichshafen AG, Magna International Inc., Faurecia SE, Magneti Marelli SpA, Brembo S.p.A., Akebono Brake Industry Co. Ltd., Hella KGaA Hueck & Co., ACDelco, Tesla Inc., Hitachi Ltd., ABB Ltd., BYD Company Limited, Panasonic Corporation, Denso Corporation, Harman International Industries, Alps Alpine Co. Ltd., Toyota Industries Corporation, KION Group AG, Mitsubishi Logisnext Co. Ltd., Jungheinrich AG, Crown Equipment Corporation
Which Regions Offer the Highest Growth Potential in the Transport Vehicle Components Market?
North America was the largest region in the transport vehicle components market in 2024. The regions covered in the transport vehicle components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9248
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Transport Vehicle Components Market Insights 2025-2034: Growth Forecast and Strategic Priorities here
News-ID: 4091116 • Views: …
More Releases from The Business Research Company

Impact of Growing Interest in Historical Events on Heritage Tourism Market: Powe …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Heritage Tourism Market Through 2025?
The market size of heritage tourism has seen a robust growth in recent times. The sector is projected to expand from $606.57 billion in 2024 to $645.77 billion in 2025, yielding a compound annual growth rate (CAGR)…

2025-2034 Heat Transfer Fluids Market Evolution: Disruptions, Innovations, and U …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Heat Transfer Fluids Market Through 2025?
In recent times, the market size of heat transfer fluids has seen substantial growth. The market which was valued at $4.01 billion in 2024 is predicted to rise to $4.29 billion in 2025, indicating a compound…

Soaring Demand Set to Propel Healthcare Learning Management System Market to $4. …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Healthcare Learning Management System Market Through 2025?
In the past few years, the healthcare learning management system market has experienced considerable growth. It is projected to escalate from $1.54 billion in 2024 to $1.91 billion in 2025, exhibiting a compound annual growth…

Head Up Display (HUD) Vehicle Infotainment Market Landscape 2025: Forecast Data …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Head Up Display (HUD) Vehicle Infotainment Market Through 2025?
The market size for the vehicle infotainment system, specifically the head up display (HUD), has witnessed a significant surge in recent years. Expected to ascend from a value of $1.63 billion in 2024…
More Releases for Vehicle
Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025?
The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245
Global truck platooning market is segmented…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the…
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.
Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122
Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),…