IMARC Group, a leading market research company, has recently releases report titled “Auto Parts Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global auto parts manufacturing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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.
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| Auto Parts Manufacturing Market 2023-2028 |
Auto parts manufacturing refers to the process of designing, developing, and producing various components that are used in the production of automobiles. These components include engine and transmission parts, electrical and braking systems, and other essential components that make up a complete vehicle. Auto parts manufacturing involves various stages, including research and development (R&D), prototyping, testing, and production. The industry relies heavily on advanced technologies, such as computer-aided design (CAD) and manufacturing, robotics, and automation, to increase efficiency and improve product quality. The auto parts manufacturing industry is a critical component of the global automotive industry and plays a vital role in ensuring the safety, reliability, and performance of automobiles.
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Auto Parts Manufacturing Market Trends and Growth Prospects:
The increasing demand for automobiles, along with steadily expanding automotive industry represents a significant factor driving the market growth across the globe. In addition to this, the rising demand for auto parts, including engines, transmissions, and other critical components is contributing to the growth of the market. In line with this, the market is also driven by technological advancements in the industry, such as the development of electric and hybrid vehicles. Since these vehicles require specialized components, this is acting as a major growth-inducing factor.
Apart from this, government initiatives to reduce vehicle emissions and the widespread adoption of advanced manufacturing technologies, such as 3D printing and robotics are some other factors creating a positive outlook for the market.
Who are the key players operating in the industry?
The report covers the major market players including:
Auto Parts Manufacturing Key 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
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component Type:
- Battery
- Cooling System
- Compressor
- Radiator
- Pump
- Thermostat
- Underbody Components
- Brake
- Exhaust
- Engine Components
- Starter
- Pump
- Engine
- Alternator
- Automotive Filter
- Lighting Components
- Electrical Components
- Ignition Coil
- Ignition Switch
- 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
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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.
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.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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