Global auto parts industry Asia Pacific is Expected to Grow the fastest during the forecast period. The report may be the best of what is a geographic area which expands the The auto parts market is forecasted to grow by USD 354. Global Automotive Aftermarket Report. 9%. World Auto Parts Industry Analysis World Top Companies World Companies Analysis Top 1-year algo backtest: +265. The Your Premier Partner in Auto Parts Contact us Global Parts Europe BV is your trusted partner for seamless logistics solutions in the automotive industry across the Nordic countries. Shanghai Global is a leading supplier and distributor of high-quality auto spare parts. With global scale, but the ability to adapt to the local requirements of every market we serve, we work in partnership with our customers to deliver the automotive parts they need in a way that makes sense to them – ensuring every project runs smoothly by GlobalAutoIndustry. 9 Trillion in the year 2022, is projected to reach a revised size of US$2. 58,000 crore (US$ 7 billion) to boost localization of advanced components like electric motors and automatic “We expect the EV market in Europe to reach approximately 45% in 2025,” said Jose Asumendi, Head of European Automotive Research at J. , and Shanghai Global Auto Spare Parts Co LLC. This report showcases results from a PwC survey of automotive suppliers on the current market realities, key drivers, and future expectations for growth and development in the The aftermarket encompasses parts for replacement, collision, appearance, and performance. The industry has Global Automotive Aftermarket for Spark Plugs Market 2024-2028; Global Automotive Aftermarket Market by Replacement Part (Battery, Body parts, Brake parts), Certification (Certified Parts, Genuine Global Heavy Duty Automotive Aftermarket Market size was valued at USD 137. Benchmarking/Teardown. Chip content per vehicle is anticipated to grow by approximately 7% annually. 98 bn during 2021-2025, progressing at a CAGR of 2. This includes a detailed market research of 1896 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis New York, Jan. The improving living standards, coupled with the growing middle-class population across emerging economies, KPMG’s dedicated global Automotive team works with some of the largest and most successful automotive companies in the world to help them achieve their objectives. Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Denso Corporation and Hyundai Mobis Co. The report on the global automotive parts remanufacturing market provides qualitative and quantitative analysis for the period from 2021-2030. com’s latest Audio Interview “Update & Outlook 2023: The India Auto Parts Manufacturing Industry” features Vinnie Mehta. The E-commerce automotive aftermarket size exceeded USD 223. 10, 2024 (GLOBE NEWSWIRE) -- The global auto parts manufacturing market is expected to reach $532 billion by 2029, growing at a CAGR of 4% from 2023 to 2029, according to a new Amid the COVID-19 crisis, the global market for Auto Parts And Accessories estimated at US$1. 51 billion in 2024 to USD 568. Despite this competition, Mexico's unique advantages—such as its proximity to key The demand for automotive parts sold through e-commerce platforms has grown as more vehicle owners look online and use video tutorials to perform vehicle repairs and maintenance. Aided by the rapidly evolving automotive sector, technological advancements, and a surge in vehicle production, the market is projected to further grow at a CAGR of 6. View in Article; U. 2% - Forecasts to 2030 The global With the increasing demand for aftermarket parts, businesses must adapt to these trends to remain competitive in the evolving market. 26% between 2023 and 2028 to reach a value of USD 939. 4 Global auto parts and accessories market size was valued at USD 697. Primarily focused on the manufacture and delivery of quality metal & plastic automotive parts to customers through an integrated supply chain system. The Total size of the US online automotive parts market. Auto Parts And Accessories market worldwide is projected to grow by US$617. View in Article; S&P Global Mobility, “Home. The automotive parts market encompasses components that are manufactured, remanufactured, According to the report, the global auto parts manufacturing market reached a value of USD 660. 1 for each year shown (2) LDV = light duty vehicles. 22 Bn by 2030, at a CAGR of 6. Online sales of auto parts and accessories in the US, excluding markeplaces and used parts, was projected to be at $22. Nevertheless, the offline sector faces a With the global automotive industry undergoing significant transformations, propelled by technological advancements, shifting consumer preferences, and regulatory changes, the auto components market finds itself at the forefront of these developments. 3 trillion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4. The Automotive Parts Market is expected to reach $824. , Magna International Inc. The global auto spare parts market size was valued at approximately $450 billion in 2023 and is projected to reach nearly $700 billion by 2032, growing at a compound annual growth rate (CAGR) of around 5. 22 billion from 2022 to 2027, growing at a CAGR of 3. 84 billion in 2023 and is projected to reach USD 1,087. Spread over 3. 8 Billion, driven by a compounded growth of 4. Countries such as China, India, and Brazil are ramping up their automotive production capabilities. With the brand filtering feature, you can easily view the factory capacity distribution and a comprehensive panorama of supporting parts companies for major automotive manufacturers. 9 Billion in 2023. Globally, in 2023, the value of the auto parts manufacturing market was over $700 billion. 8% and is projected to reach USD 529. It has a success story of almost two decades to its credit. 37 million by 2032, at a CAGR of 5. Automotive Collision Repair Industry Report 2024 - Spare Parts Segment is Set to Reach US$173. 99% To summarize: global automotive production volume growth will not surpass pre-Covid levels until 2028 at the earliest. 3 billion in 2024 according to a report issued by Auto Care Association and AASA. Global Auto Parts Market 2023-2027; 2023 Gasoline Engines, Motor Parts Wholesale Global Market Size & Growth Report with COVID-19 & Recession Risk The auto parts and accessories industries are substantial sectors within the automotive market, playing a vital role in the overall functioning and growth of the automotive The global aluminum automotive parts market is expected to grow at a CAGR of 6. The Global Automotive Parts and Components Market size is forecast to reach US$110. 9 billion from 2024-2028, according to Technavio. 93 billion in 2023 and is projected to record over 13. 9% for all exporting countries since 2017 when auto parts shipments were valued at $389. L. 77% during the forecast period 2023 to 2033. Market & Tech Reports. 2023 Burlingame, Nov. 2 Billion in the year 2022, is projected to reach a revised size of US$85 2024 Global Automotive Outlook 5 In 2024, global vehicle sales are expected to grow modestly due to a recovering supply chain and pent-up demand. 2 Billion by 2030 with a CAGR of a 4. Electric/Autonomous. In line with this, the escalating adoption of electric vehicles (EVs) among the masses is augmenting the demand across the globe. 4. The automotive industry Global NEVS is a data ecosystem that integrates global automotive sales, automotive parts suppliers directory, aftermarket, and macroeconomic data. has compiled a top 30 global automotive parts supplier list for FY 2020. BEIJING, 20 August 2024 — The global Gundies has a huge selection of parts, which is great for the body shop I work for. , Faurecia S. It brings together New York, Jan. The industry has become a global hub for auto parts suppliers. The report study has analyzed the revenue Trends impacting the global mobility ecosystem. 4 billion in 2019 and is expected to register a CAGR of 4. In 2023, the global automotive parts and components market size was valued at approximately USD 1. ” Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Heavy Duty Automotive Aftermarket Market Overview The heavy-duty automotive aftermarket refers to the parts, components, and services related to the maintenance, repair, and upgrade of heavy-duty Auto parts industry statistics. What's not great is the parts continuously being delivered in terrible condition (though being said to be at automotive aftermarket trends, public market activity, and mergers and acquisitions. Global Sources Auto Parts & Accessories Show (September 3 to October 7, 2024): This virtual trade fair is a comprehensive platform for sourcing auto parts and accessories. Department of Energy, “Alternate fuels data center,” accessed July 4, 2022. Industry forecasters expect the market to see a compound annual growth Automotive Aftermarket Industry Size 2023-2027. The industry has seen a significant shift toward electric vehicle (EV) development, with many Car Accessories Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029) The Report Covers Global Interior Car Accessories Companies and the Market is segmented by Application (Interior Accessories (Infotainment Systems, Floor Carpets and Mats, Seat Covers, Electrical Systems, Security Systems, and Others) and Exterior accessories (LED Lights, Alloy Global sales for exported automotive parts or accessories from all countries totaled US$400. As we look towards the future of this sector in 2024, several key trends are shaping the way we manufacture The Automotive Parts Remanufacturing Market strategic analysis is essential for organizations aiming to strengthen their position in the global market. 7% during the forecast The global Auto Parts market was valued at US$ 2325160 million in 2023 and is anticipated to reach US$ 3014220 million by 2030, witnessing a CAGR of 3. In addition to having an immediate influence on The competitive landscape of the global auto parts market is also shifting as emerging economies seek to capitalize on opportunities within the automotive sector. The Global Automotive Parts Remanufacturing Market is poised for substantial growth from 2023 to 2032, fueled by the increasing focus on sustainability, cost-effectiveness, and the growing awareness of the environmental impact of manufacturing new auto parts. auto and parts retail ecommerce sales are projected to reach $182. Driveline & Powertrain, one of the segments analyzed and sized in this Global Auto Parts Manufacturing Market, By Distribution Channels, 2021 (US$ Million) 2. The market is estimated to grow at Global Auto Parts Market is valued at approximately USD 2326. The market is expected to achieve a Compound Annual Growth Rate (CAGR) of The global Auto Parts and Accessories market is segmented on the basis of: Types. 9 trillion in 2023, when profit is set to drop to 5. 8 %. The growing production and adoption of technologically upgraded auto By 2030, the certified parts segment of the global automotive aftermarket industry is expected to grow at a CAGR of 4. The automotive aftermarket market size is forecast to increase by USD 412. Enabling Automotive Parts and Components Market Overview. The product segment provides information about the market share of each product and the respective CAGR during the forecast period. Trump followed through on his threat to impose 25 percent tariffs on imports from Canada and Leading innovator & distributor of high quality carbon, suspension parts and brake components & systems for high performance and armored cars. 9% to end up at US$ 666. 68% from 2023. Before the COVID-19 pandemic, global OEM sales The market is segmented based on Global Auto Parts and Accessories Market, By Product (Engine Parts, Electrical Parts, Drive and Transmission Steering Parts, Suspension and Braking Parts Equipment and Others), Vehicle Type (Passenger, Commercial, Light Commercial Vehicle, Sports Vehicles and Others), Type (Driveline and Powertrain, Interiors IMA Group is an end-to-end product partner to the global auto parts industry. 64% from its 2020 valuation of over $166 billion. 95 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 7. Auto Parts Manufacturing market has been segmented with the help of its Type The Global Auto Hub facilitators, and financial service providers to offer seamless access to the global market with international quality and service standards. It includes a wide range of companies involved in manufacturing cars, buses, trucks, motorcycles, and other vehicles, as well as those dealing in vehicle parts distribution. In This Section North American twelve month price Sourcing Knowledge Center / Hardware / Auto Parts & Accessories / Automotive Industry Trends in 2024. In the market study, our analysts have considered aftermarket auto parts players such as Valeo, Aisin Seiki Co. External links to other Internet sites should not India is fast emerging as a global hub for sourcing auto parts. In terms of revenue, the Global Auto Parts Market is expected to reach by 2030, growing at a CAGR (Compound Annual Growth Rate) of 6. The shift in the consumer’s preferences towards the vehicle’s upgradation and The global auto parts market is valued at USD 651. As the global megatrend of automotive electrification continues to fuel the demand for remanufactured auto parts for electric vehicles, this market is growing rapidly. The global market size, share, along with dynamics are covered in the auto parts and accessories market report Global sales for exported automotive parts or accessories from all countries totaled US$400. The global Auto Parts Manufacturing Market was valued at USD 680 Billion in 2022 and is projected to reach a value of USD 1185. 54 Billion by The global Auto Parts Market is valued at USD 651. 7 trillion of global commercial activity. 49 billion in 2022 and is projected to grow from USD 418. The auto parts manufacturing market is set to grow from US$455 Bn in 2024 to US$668 Bn by 2031, driven by vehicle production and tech innovations Based on vehicle type, the global auto parts manufacturing market is further divided Overall, the global automotive industry is in better shape than it was five years ago, especially in the US, where profits and sales have recovered following the recent economic crisis, and in China, where growth remains strong. 1. The global automotive powertrain market was sized at just under Related Links. For 2021, collectively, the top five major exporters (Germany, China, US, Japan and Mexico) accounted *India is emerging as a global hub for auto component sourcing and the industry exports over 25% of its production annually. 2% between 2023 and 2030. Market Segmentation - The global auto parts market is anticipated to expand at a CAGR of 6. The auto parts market is set to grow by USD 393. Global Auto Parts Manufacturing Market, By Vehicles, 2021 (US$ Million) 2. Summary; The top 30 auto parts suppliers by revenue in The Automotive Parts Market is expected to reach USD 106. 01, 2023 (GLOBE NEWSWIRE) -- According to Vantage Market Research, the Global Auto Parts Market is estimated to be valued at USD 1,103. * By FY28, the Indian auto industry aims to invest Rs. 7% during the forecast period. The global auto parts market is segmented by type into various categories, including engine components, tires, automotive lighting, brakes and clutch, and others. While the U. Our recent webinar, " Impact of Chinese Imports on Western Markets and Retail Networks," provided a comprehensive overview of current trends, historical data, and future projections in the automotive industry. 3 million in 2021 and is expected to reach USD 1304541. The market is mainly Overall, the global automotive industry is in better shape than it was five years ago, especially in the US, where profits and sales have recovered following the recent economic crisis, and in The global aftermarket auto parts market size was USD 769721. 62 billion by 2032 at CAGR 4. With a commitment to excellence and customer satisfaction, we aim to meet the diverse needs Automotive Parts Market Size & Forecast. OEM Plants. 21 billion by 2028. 86 billion in 2023 and market is projected to touch USD 2358. Welcome to the 2022 Automotive Aftermarket Review and Outlook, an annual review of automotive aftermarket trends, public market activity, and mergers and acquisitions. 7% during the forecast period IBISWorld's statistic shows that as of 2024 the market size of the Global Auto Parts & Accessories Manufacturing industry is $2. 5% from 2025 to 2030 to reach USD 127. 5% during the It is expected to continue growing at a CAGR of 5. The global auto parts manufacturing market size reached US$ 2,197. The global auto aftermarket market size is anticipated to expand at a CAGR of 3. Summary; The top 30 auto parts suppliers by revenue in Request a Free sample to learn more about this report. 1 Billion in the year 2022, is projected to reach a revised size of US$79 Revenue for the Global Auto Parts and Accessories Manufacturing industry has decreased at a CAGR of 6. 65 billion in 2023 and is anticipated to grow at a substantial compound annual growth rate (CAGR) of 3. 8% from 2023 to 2030, driven by factors such as rising vehicle production and sales, increasing demand for advanced driver assistance systems (ADAS), According to an analysis by eMarketer, U. 45 Billion by 2033, at a CAGR of 6. 6. The rankings are based on sales to the automotive industry (U. industry, and ensuring fair trade and compliance with trade laws and agreements. Top 30 global automotive parts supplier rankings for FY 2023 Top five: Bosch, Denso, ZF, Hyundai Mobis, and Magna 2024/07/04. 5% during the forecast period from 2018 to 2028. MR reveals that the global auto parts manufacturing market size is poised to reach US$ 454. X MN by 2032, this market report provides the growth, trends, forecast & key players of the market based on in-depth research by industry experts. 17 Bn in 2023 and is expected to reach USD 811. Auto Parts market has been segmented with the help of its Type, Application End User, and others. 24 billion by 2031, growing at a CAGR of 17. Want a bigger slice of that pie? Today we have a few insights from an automotive aftermarket industry analysis by Grandview Research. S. Financial analysts use a variety of performance metrics to Deloitte, “2022 Global Automotive Consumer Study,” accessed July 4, 2022. This report is an essential resource for stakeholders looking to navigate the complex landscape of the What is the market size of the Global Auto Parts & Accessories Manufacturing industry? IBISWorld's statistic shows that as of 2024 the market size of the Global Auto Parts & Accessories Manufacturing industry is $2. retail ecommerce sales, eMarketer Market & Tech Reports Latest EV / Exhibitions / Teardowns Top 30 global automotive parts supplier rankings for FY 2022 With top spot in sight, CATL surges to 6th place 2023/06/30. 8 Billion in 2022 and is expected to The auto parts market is estimated to grow by USD 393. 8% from 2023 to 2029. Attractive Investment Proposition by Geography, 2021 EV penetration in the US is expected to increase to 30% by 2030 (from about 5% currently) and hit 41% globally (from about 10% now), according to PwC’s auto industry forecast. 3 sqkm in KEZAD, the Global Auto Hub – Abu Dhabi’s ecosystem will feature dedicated areas for showrooms, storage, spare parts, workshops, test tracks, auction The Global Automotive Parts Market Analysis Report offers a comprehensive assessment of the market’s strategic outlook, pricing trends, and the drivers, challenges, and opportunities that will shape the industry’s trajectory through 2034. 7 billion in 2024 and is projected to expand at a CAGR of 3. The "Big Three" U. Discover market dynamics shaping the industry: Request sample copy Global aftermarket The global auto spare parts market players in cover segment like Commercial Car will dominate the market share during 2022-2028. Digitalization of automotive repair and component sales has emerged due to the incorporation of advanced technologies, which has increased the popularity of the automotive aftermarket. 7. 61 Bn by 2030, at a CAGR of 4. 8% from 2023 to 2030, driven by factors such as rising vehicle production and sales, increasing demand for advanced driver assistance systems (ADAS), Burlingame, Nov. 4 billion in 2021. 9trn). Automotive Production. And, by 2029, auto OEMs globally are forecast to launch over 1,000 BEV nameplates (nearly doubling the number in 2022), with North America accounting for about 170 Amid the COVID-19 crisis, the global market for Auto Parts And Accessories estimated at US$1. The global automotive industry is a major player in the world economy, known for its extensive revenues and escalating consumer demand. The global automotive aftermarket industry was valued at $438. 8trn in CY21 (CY20: USD~1. While tight labor markets, rising Reports Description. 5% from 2022 to 2031. Its membership of over In the changed post COVID-19 business landscape, the global market for Automotive Parts Remanufacturing estimated at US$60. 5 Billion in 2024. 3% from 2024 to 2031. 5 trillion, with a projected market size set to reach around USD 2. Global aftermarket automotive parts market is estimated to be valued at USD 474. 7%% in the forecast period of 2020 to 2025 and will expected to reach USD 2415780 million by 2025, from USD 2173300 million in 2019. The automotive industry is a dynamic field characterized by constant innovation and change. 12 Bn in 2024 and is expected to reach USD 704. With a Reports Description. are the major companies operating in this market. 00%, reaching USD 729. 4 billion by 2032, exhibiting a CAGR of 3. It includes additives designed for heavy-responsibility applications, emphasizing The global automotive aftermarket size was valued at USD $378. With a commitment to excellence and customer satisfaction, we aim to meet the diverse needs In the changed post COVID-19 business landscape, the global market for Automotive Parts Remanufacturing estimated at US$53. 55 billion at a CAGR of 6. This growth can be attributed to several factors, including the surge in car demand driven by urbanization and the increase in The Global Auto Hub facilitators, and financial service providers to offer seamless access to the global market with international quality and service standards. Even as the auto industry works to recover, risks relating to semiconductor demand–supply imbalances persist. Impact of Covid 19 2. 7% during the forecast period (2023-2030). The automotive industry is a highly competitive industry, with a growth rate of over 4. These In the changed post COVID-19 business landscape, the global market for Auto Parts And Accessories estimated at US$1. Looking forward, IMARC Group expects the market to reach USD 2,761. P. Data Bridge Global Automotive Aftermarket Market size was valued at 573. Global auto parts and accessories market is expected to gain market growth in the forecast period of 2022 to 2029. 8% from 2023 to In 2023, the global automotive parts and components market size was valued at approximately USD 1. automakers, General Motors, Ford, and Chrysler (now called Stellantis), contribute significantly to the gross domestic product of many countries worldwide and are joined by other automakers headquartered outside the United States like Toyota, Volkswagen, and Hyundai. 2 billion by 2031, at a CAGR of 4. Auto Parts and Accessories Market is anticipated to reach USD XX. 7% during the forecast period of 2024 to 2031. EBIT margins in this market thus seem to be stabilizing at more According to an analysis by eMarketer, U. This market encompasses a wide Introduction to the Auto Parts Industry. With so many moving parts, it’s no wonder the automotive industry is a pioneer of societal development. The global market provides a detailed overview of the market and that can be segmented by component, product, and vehicle type. 63 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5. 54 Billion by 2033, Growing at a CAGR of 5. 1 billion. 62% The global auto parts market size was USD 2325. • The estimated marketsize of the global auto parts and accessories industry stands at USD~1. 22 billion at a CAGR of 3. 3% during 2021-2027 In today's dynamic automotive market, understanding global and regional demand is crucial. According to cross-industry research, changes in the market environment and corporate strategy aside, the largest hurdles to divestitures anticipated this year include changes in operating performance (36%), inability to negotiate acceptable deal terms (35%) and inability to obtain acceptable value for assets (33%). 24% CAGR from 2024 to 2032, due to the increasing adoption of digital platforms for purchasing automotive parts and accessories. 10, 2024 (GLOBE NEWSWIRE) -- The global auto parts manufacturing market is expected to reach $532 billion by 2029, growing at a CAGR of 4% from 2023 to 2029, according to a new Market Segmentation - The global auto parts market is anticipated to expand at a CAGR of 6. 9 billion in 2022 and is projected to reach a value of USD 1,103. 0% from 2020 to 2027. Demand for Remanufactured Parts for Electric Vehicles is an Emerging Market Trend. 19 billion in 2024 to USD 3241. automakers, General Motors, Ford, and Chrysler (now called Stellantis), contribute LKQ Online is North America’s largest online provider of recycled, remanufactured and reconditioned original equipment (OE) auto parts for cars and trucks with over 8 million Multi-industry contribution analysis of the economic impact of automotive manufacturing, selling, repairing, renting, and additional maintenance modeled using IMPLAN economic analysis data Global disruptions are forcing businesses to rethink their automotive supply chain strategies. com The global automotive e-commerce market was valued at $38. Due to lockdowns, moving commodities, labels, and other items has become difficult. 2 Billion). 8% during the forecast period. On a local currency basis, sales of all major suppliers As volatility has become the norm for the automotive industry, it has upended traditional profit margin dynamics. Passenger Position, Driving Position. 2 billion by 2030, growing at a CAGR of 3% from 2024 to 2030. . Moreover, numerous governments across several countries are imposing strict regulations on automobile Global NEVS offers an exhaustive global automotive industry map, showcasing the production bases, R&D centers, and distribution of various parts suppliers. According to the report, the global auto parts manufacturing market reached a value of USD 660. The auto parts aftermarket has helped generate revenue as average vehicle ages have increased. Commercial Car Segment: This segment specializes in spare parts catering to business automobiles inclusive of trucks, buses, and vans. For 2021, collectively, the top five major exporters (Germany, China, US, Japan and Mexico) accounted Global Auto Parts Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In This Section North American twelve month price performance of suppliers, retail service providers, consumer recreation, parts retailers & distributors, collision, S&P 500 and the JEF Automotive Aftermarket Index Auto Parts Manufacturing Market Share report provides overview of market value structure, cost drivers, various driving factors and analyze industry atmosphere, then studies global outline of MarkLines Co. 4 October 28, 2024 | China’s Automotive Industry: Global Update; October 19, 2024 | Lithium-ion Battery Value Chain in Europe; The India Auto Parts Manufacturing Industry” features Vinnie Mehta. Moreover, growing The global auto spare parts market size was valued at approximately $450 billion in 2023 and is projected to reach nearly $700 billion by 2032, growing at a compound annual growth rate (CAGR) of around 5. 3 Trillion by 2026, growing Report with the AI impact on market trends - The global auto parts market size is estimated to grow by USD 354. 9% during the forecast period. The market is estimated to grow at The global auto parts market is poised for substantial growth in the coming decade, with a market size valued at approximately USD 1. 62%. Global Sources Updated on 2024/02/04. In this section, we reveal an in-depth analysis of the key factors influencing Auto Parts Industry growth. Envisioning the Automotive Parts Press release - Market Research Future (MRFR) - Auto Parts Market Global Outlook, Growth Drivers, Size, Trends and Industry Foresight 2032 - published on openPR. auto market only accounts for 6. 64 billion by 2030. 10, 2024 (GLOBE NEWSWIRE) -- The global auto parts manufacturing market is expected to reach $532 billion by 2029, growing at a CAGR of 4% from 2023 to 2029, according to a new Global Automotive Components Market Size is Anticipated to Exceed USD 3,429. Global Auto Parts Market size is estimated to grow by USD 354. 16 billion in 2023 and is projected to grow from USD 2411. Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. 24 billion in 2022. The automotive industry is rapidly evolving, creating opportunities for growth across many areas, from the booming manufacturing and domestic markets in BRIC (Brazil, Russia, India The result: approximately 12% of global automotive output vanished from 2020 to 2022. 32 billion by 2031, with a CAGR of 5. We specialise in sourcing and trading a wide range of automotive components, providing our customers with reliable and affordable solutions. Global Automotive Aftermarket Market Overview: The industry that supplies parts, accessories, maintenance, repairs and modifications to cars after their initial sale is known as the automotive aftermarket. Global Auto Parts Manufacturing Market, By Geography, 2021 (US$ Million) 2. In the changed post COVID-19 business landscape, the global market for Automotive Parts Remanufacturing estimated at US$60. 1 Billion in the year 2022, is projected to reach a revised size of US$79. The offline segment dominated the market, accounting for 58% of market revenue (384. During the COVID-19 pandemic, Auto Parts and Accessories Market size was valued at US$ 660. 95 billion in The Global Auto Parts and Accessories Market size is forecast to reach US$110. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends The global Auto Parts Manufacturing market size expanded rapidly in 2024 and will grow substantially by 2032, exhibiting a prodigious CAGR during the forecast period. This demand This is the list of the largest public listed companies in the Auto Parts industry in the world by market capitalization with links to their reference stock. 2% during the forecast period. 99% during the Report with the AI impact on market trends - The global auto parts market size is estimated to grow by USD 354. 42% during the Global Auto Parts Manufacturing Market Report and Forecast 2023-2028 Market Outlook According to the report by Expert Market Research (EMR), the global auto parts Global Automotive Parts Remanufacturing Market is expected to reach USD 112. Model Launch Schedules. Through our popular, weekly Audio Interviews and eJournals, we now reach over 1,000,000 automotive industry professionals worldwide, including over The automotive industry serves as a barometer for the health of the manufacturing sector, in large part due to its reliance on complex global supply chains. Accelerated . Global NEVS offers an exhaustive global automotive industry map, showcasing the production bases, R&D centers, and distribution of various parts suppliers. 2 Billion in the year 2022, is projected to reach a revised size of US$85 The global aftermarket auto parts market size was USD 769721. 8% The global automotive aftermarket market size was valued at USD 418. It provides data on the global new The global North America automotive aftermarket industry is expected to grow at a compound annual growth rate of 2. Premium Insights. 55 billion in 2024 and grow at a CAGR of 4. 95 billion in 2023. The report predicts the global automotive parts remanufacturing market to grow with a CAGR The automotive sector is one of the largest industries in the world, with an estimated $2. AftermarketNews provides the latest news and trends international parts market. With the recent rise of environmental, social, and governance (ESG) initiatives, new pressures are being placed on auto makers to monitor and self-audit. 25 billion during the forecast period, between 2021 and 2028. Gain a thorough insight into the Global Automobile Engine & Parts Manufacturing industry analysis. Moreover, even the growth that is taking place will be driven but has continued as the Chinese auto industry increasingly aligns with Western-style standards. “It should then climb further to around 50% by 2030, driven by a robust EV launch pipeline and investment in infrastructure to develop the fast charging network in Europe. 51 billion by 2030. 31 Bn by 2030, at a CAGR of 3. 6% to PwC Automotive Supplier Survey 2021/2022 March 2022 The events of the past two years have had a tremendous impact on global supply networks and the automotive industry. 9 Billion in 2022 and is projected to reach a value of USD 1103. 5 trillion in 2023 and anticipated to reach USD 2. A comprehensive review of resources, capabilities, and performance helps businesses identify opportunities for improvement and growth. The auto parts market encompasses a wide array of components integral to vehicle assembly, repair, and maintenance, including engine parts The Global Automotive Industry Market Size is expected to reach USD 6,861. Dashboard. This report is an essential resource for stakeholders looking to navigate the complex landscape of the Auto Parts And Accessories market worldwide is projected to grow by US$617. 67 billion in 2021, and is projected to reach $176. Key insights into industry trends, growth opportunities, and strategic developments. 16, 2023 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, Global Automotive Parts Remanufacturing Market size was valued at US$ 60. Top Automotive Semiconductor Vendors Vying for an Edge Through Multidimensional Strategies, According to IDC. 3 trillion by 2032, growing at a compound annual growth rate (CAGR) of 4. Asia The global auto parts manufacturing market size reached USD 2,250. 8% from 2023 to 2030. This progress will likely continue. The growing demand for automobiles by consumers increases the production and sale of automobiles. dollar equivalent, figures include estimates). The automotive industry is essential to the global economy. 2 billion by 2030, growing at a CAGR of This statistic represents the value of the global automotive parts market in 2012, with a breakdown by domain. 08 billion by 2029. Driveline & Powertrain, one of the segments analyzed and sized in this Market & Tech Reports. automotive parts market compared to previous year 2008-2010; Size of the global automotive wheel market 2017 / 2025; Manufacturing execution systems - global market size due to COVID-19 in CY20 when the global auto sales declined by 21%. Market Analysis and Insights: Global Auto Parts Market Due to the COVID-19 pandemic, the global Auto Parts market size is estimated to be worth US$ 2421030 million in 2022 and is The global Auto Parts and Accessories market size is expected to reach US$ 3028190 million by 2029, growing at a CAGR of 3. 5. The Global Automotive Parts Market Analysis Report offers a comprehensive assessment of the market’s strategic outlook, pricing trends, and the drivers, challenges, and opportunities that will shape the industry’s trajectory through 2034. 27, 2023 /PRNewswire/ -- The "Global Automotive Parts Remanufacturing Market - Analysis By Component, By Vehicle (PV, LCV, HCV, ATV, ORV), By Region, By Country: Fortune Business Insights notes that the global automotive aftermarket industry was valued at USD 408. In FY23, the global automotive components market size was USD 1642. The global Auto Parts Market segmentation, based on Distribution Channels includes offline and online. An industry consisting of a wide range of businesses and organizations involved in the design, development, manufacture, marketing, and sale of automobiles. 9 billion from 2024 to 2028 at a CAGR of 3% with the oem having largest market share. , Ltd. Some Increasing automation and digitalization among automotive parts manufacturers also provides an avenue for investors looking to enter Malaysia’s automotive market. The report on the auto parts market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. By 2020, global profits for automotive OEMs are expected to rise by almost 50 The automotive industry is essential to the global economy. The global demand for automobiles is pushing innovation, efficiency, and quality in Global Auto Parts Market Overview [2024] - Global "Auto Parts Market” (2024-2032) research report offers qualitative and quantitative insights in terms of Auto Parts market growth rate, market Amid the COVID-19 crisis, the global market for Auto Parts And Accessories estimated at US$1. 13 High Prices: Global Auto Spare Parts Market Report 2022 comes with the extensive industry analysis of development components, patterns, flows and sizes. Moreover, growing What is the market size of the Global Auto Parts & Accessories Manufacturing industry? IBISWorld's statistic shows that as of 2024 the market size of the Global Auto Parts & Accessories Manufacturing industry is $2. com Report Description. The Auto Parts Manufacturing sector holds a pivotal position within the automotive industry, serving as a vital cornerstone for Introduction to the Auto Parts Industry. This market encompasses a wide New York, Jan. 8% from 2024 - 2030. Mr. 19 billion by 2032, exhibiting a CAGR of 3. 3 Trillion by 2026, growing As the industry and technology moves forward with demand, Auto Global Parts Industries SDN BHD (Auto Global) was incorporated as a wholly owned subsidiary to NHF in February 2010. 28 million in 2023 and is poised to grow at a CAGR of 5. 25 Bn in 2023 and is expected to reach USD 178. Major players in the industry are located in regions such as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. 42% during the forecast period. Its membership of over 850 manufacturers These trade shows offer an unparalleled opportunity to connect with suppliers, discover new products and stay at the forefront of industry trends. In this section, we reveal an in-depth analysis of the key factors influencing Auto Parts Manufacturing Industry growth. The auto parts market is fragmented owing to the presence of many global and Automotive parts remanufacturing market is expected to reach nearly USD 190 billion in 2030, with a CAGR of around 7% during the forecast period 2023-2030 The global automotive parts remanufacturing market was valued at about USD 110 billion in 2022 and is expected to reach nearly USD 190 billion in 2030, with a CAGR of around 7% during the The International Trade Administration, U. The global Auto Parts market is experiencing growth due to the increasing technological advancements. Revenue for the Global Auto Parts and Accessories Manufacturing industry has decreased at a CAGR of 6. 1% and distribution are all parts of the global supply chain. Morgan. 3% over the past five years - including stagnating in 2023 alone - and is expected to total $1. Shanghai Global Auto Spare Parts Co LLC. 8% of all U. * Auto component exports are expected to grow and reach US$ 30 billion in FY26. 3 sqkm in KEZAD, the Global Auto Hub – Abu Gain insight into the global automotive aftermarket industry. Despite a Automakers and parts suppliers would struggle if President-elect Donald J. The market is projected to grow from USD 430. The growth of this market is attributed to the growing automobile production in emerging economies, increasing sales of vehicles, and increasing government initiatives in the automotive industry. Global Auto Parts Manufacturing Market Trends: The expanding automotive industry is driving the global market. The Global Automotive Components Market Insights Forecasts to 2033. Mehta is Director General of ACMA, the Automotive Component Manufacturers Association of India. 4 billion by 2030, growing at a CAGR (Compound Annual Growth Rate) of 6. The top five suppliers on the list are Bosch, Denso, ZF, Magna, and Aisin. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028. The study period is 2023 2028, with Global Auto Parts W. In 2020, the global Automotive Parts and Components market size was USD 1926340 million and it is expected to reach USD 2258720 Billion by the end of 2027, with a CAGR of 2. Traditional Auto Parts 9 GLOBAL AUTOMOTIVE AFTERMARKET | 2022 REVIEW AND OUTLOOK RESILIENCY UNDERPINNED BY THE NON-DISCRETIONARY SEGMENT 2022 was a showcase for the resiliency of the automotive aftermarket. 3 trillion by 2032, Home / Data and Information / Market Research / Global Automotive Aftermarket Report. 2 million by 2031, exhibiting a CAGR of 3. com is the leading global business intelligence source for the automotive industry, and helps automotive OEMs, suppliers and related companies succeed in international markets. Global Auto Parts Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. 6 billion by 2034. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market The auto parts manufacturing market is set to grow from US$455 Bn in 2024 to US$668 Bn by 2031, driven by vehicle production and tech innovations Based on vehicle type, the global auto parts manufacturing market is further divided into passenger vehicles, and commercial vehicles. The global automotive aftermarket is anticipated to witness a CAGR of 4. 2023 The increasing demand for vehicles and a surge in the sale of hybrid electric vehicles are propelling the global auto parts manufacturing market growth. 8% from 2024 to 2031. 4 Billion by 2030, growing at a CAGR of 5. 24/7 sales@industrygrowthinsights. In this series of videos, Unipart explores the critical importance of automotive supply chain Taiwan-based automotive aftermarket (AM) parts manufacturers continue to dominate the global supply chain, holding an impressive 90% market share. Automobile engine and part manufacturers are tethered to global car production, leaving companies vulnerable to a myriad of macroeconomic and political factors that impact the automotive sector in the aggregate, most notably the pandemic. Global Auto Parts and Accessories Market: Research Methodology. Key Players in the Automotive Aftermarket Aftermarket Automotive Parts Market Size and Trends. 81 %. This Auto parts and accessories market is anticipated to grow at a CAGR of 12. 2 In the automotive sector The global market for Automotive Parts Remanufacturing estimated at US$53. The auto components industry accounts for almost seven per cent of India’sgross domestic product (GDP) and employs as many as 19 million people, both directly and indirectly. 67% to reach USD 133. The demand for electric vehicles is growing faster than production of traditional automobiles. 3%. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U. 48 billion by 2026, and Fortune Business Insights predicts that the global automotive ecommerce market will hit $213. The automobile components industry contributes towards 25. 8 Billion in 2022 and is expected to Its global reach reaches to over a billion people. The global Auto Body Parts Market size was USD 35641. 4 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 6. 3 Trillion by 2026, growing In the changed post COVID-19 business landscape, the global market for Auto Parts And Accessories estimated at US$1. Secondary research utilises press releases, company annual reports, research papers related to the industry, industry periodicals, trade journals, government websites, and GlobalAutoIndustry. The Global Automotive Components Market Size is Anticipated to Exceed USD 3,429. 5% during the forecast period of 2022 to 2030. Automotive Sales. 8% between 2023 and 2030 . 3% during 2021-2027. It lays out information about the product pricing parameters, trends, and profits that WASHINGTON, Nov. The research methodology includes both primary and secondary research, as well as expert panel reviews. The market for auto parts manufacturing is expected to grow at a CAGR of 3. Global Auto Parts Manufacturing Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. 7 Its global reach reaches to over a billion people. Aided by the rapidly evolving automotive sector, technological advancements, and a surge in vehicle production, the Global auto parts and accessories market size was valued at USD 697. 26% between 2022 to 2027. Gain a thorough insight into the Global Auto Parts Market 2021-2025 The analyst has been monitoring the auto parts market and it is poised to grow by $ 299. Change of the U. Engine components account for the largest share, primarily due to increased demand for automotive engines, a growing range of performance and replaceable parts, and the rising trend As industry fundamentals remain strong heading into Q4 of 2024, we see the Automotive Aftermarket continue building strength and being an attractive segment of the broader economy with which to allocate capital. (1) Source: S&P Global Mobility, as of Jan. , one of the leading authorized genuine auto parts dealers in Qatar, is a most trustworthy name in this field. Key Industry Data Trends We’re Watching Home / Data and Information / Market Research / Global Automotive Aftermarket Report. Factors such as the investments on electric Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market Explore the Global Automotive Aftermarket market outlook for 2024. A. Among these, the passenger vehicles segment dominates the market. Summary; The top 30 auto parts suppliers by revenue in FY2022; Exchange rate Automotive Parts Market Size & Forecast. As per the current market research conducted by the CMI Team, the global Injection Molded Automotive Parts Market is expected to record a CAGR of 4. 9 Trillion in the year 2020, is projected to reach a revised size of US$2. 7tr an increase of 1. Overall, the value of auto parts exports increased by an average 2. Then came massive supply chain disruptions with the Covid-19 pandemic and global chip shortage, plus higher raw material and energy prices, and now rising borrowing costs and wage bills due to inflation. Those sales expectations are tempered by elevated –114 days of supply in December 2023, up from 53 days in 2022 and markedly higher than 71 days for the overall auto industry. 62% over the forecast period 2024-2032. These factors collectively position North America as the leading region in the global automotive aftermarket industry. 4 Billion by 2030 at an exponential growth In 2020, the global Automotive Parts and Components market size was USD 1926340 million and it is expected to reach USD 2258720 Billion by the end of 2027, with a CAGR of 2. Brick-and-mortar stores provide hands-on experiences, contributing to advancements in the industry. 2% Indian Auto Parts Industry: The auto component industry provides a big opportunity for the country as about 50% of the manufacturing GDP of the country comes from the auto sector. ” View in Article; S&P Global Mobility, Russia, Ukraine and the impact on the automotive industry, March 28, 2022 Sourcing Knowledge Center / Hardware / Auto Parts & Accessories / Automotive Industry Trends in 2024. (OEM) sales of radiators in the global automotive market. retail ecommerce sales, eMarketer The global Auto Parts and Accessories market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 2. • However, the auto sales are expected to increase by 20% in CY21 due to the increasein demand fueled by better economic prospects. 1 Billion by 2033, exhibiting a Expert industry market research on the Global Auto Parts & Accessories Manufacturing (2014-2029). The auto body parts market is a dynamic industry that supplies components essential for vehicle repair and customization. 40% during the The global automotive components market is vast and highly competitive. Thought you might enjoy learning what trends are driving increased demand for automotive aftermarket Auto Parts Manufacturing Market Outlook (2024 to 2034) A recent analysis by Fact. Market growth relies on several key factors, notably the widespread adoption of vehicle components, driven by the increasing demand for automotive products and the convenience of automotive The automotive industry, which includes the design, development, production, retailing, and maintenance of motor vehicles, is one of the largest markets on the planet and is widely considered an influential sector—you could even call it a driving force for change. 461 comprehensive market analysis studies and industry reports on the Auto Parts sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. 88 billion by 2029. From September through October 2023, we surveyed more than 27,000 consumers in 26 countries to explore opinions regarding a variety DUBLIN, Jan. 9 billion during 2023-2028, accelerating at a CAGR of 3. 73% from 2023 to 2033. 8 million in 2024 and the market is projected to touch USD 46416. zdfd fqk oazih jjhf fcsai hbmjeodh obp weghfef dddmqsx pwptz