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Auto Parts Manufacturing Market Development, Innovation, Opportunities and Growth to 2029

Persistence Market Research (PMR) has released a new market study on the auto parts manufacturing market that includes the global industry analysis for 2014–2018 and forecast for 2019–2029. The report on auto parts manufacturing summarizes macroeconomic factors that could assist and influence the growth of the market and forecast factors.

The market for auto parts manufacturing was estimated at ~US$ 363 Bn in 2018 and is anticipated to reach a value of ~US$ 532 Bn by the end of 2029, influenced by the cyclic trend of the automotive industry and new product launches. The auto parts manufacturing market is expected to grow at a moderate CAGR of ~3% during the assessment period.

Prominent automotive parts and components including battery, cooling system, engine & drive train components, underbody components, lighting components, and electrical components are considered in the report. OEM and aftermarket sales channels are considered in the auto parts manufacturing market. Additionally, the report offers a thorough analysis of the auto parts manufacturing market for the coming ten years.

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Carbon Emission Dictating Auto Parts Manufacturing Strategies

Apart from updating and enhancing existing product standards, auto manufacturers are developing and experimenting with innovative technologies that will help enhance vehicle performance?braking, fuel injection, aesthetics, adjunct functioning, and transmission. Thus, the demand for custom-made automotive products such as pumps has increased significantly in the last decade. In order to respond to customized needs of OEMs, pump manufacturers, such as Denso, KSPG AG, and Delphi, are working with OEMs to deliver superior products that are compatible with their existing and new models.

Automotive manufacturers are focusing on reducing the weight of vehicle parts and making them more compact to enhance vehicle performance. In line with this, battery manufacturers are developing batteries with higher functionality and more compact designs for use in vehicles. Analyzing the impact of carbon emissions from automobiles, various governments and regulatory authorities are imposing stringent regulations on automobile manufacturers. As a result of these stringent norms, manufacturers are compelled to design lightweight, compact, and fuel-efficient vehicles. The effective cooling of engine can significantly reduce fuel consumption and hence the emissions.

In order to provide decent cooling, manufactures are improvising the designs of radiators by using lightweight metals and compact sizes. Various auto part manufacturers have successfully expanded to other regions and formed alliances with others to improve their share in the auto parts manufacturing market, develop new products through knowledge sharing, and enhance brand value.

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‘Lightweight’ Auto Parts Continue to Trend

A major factor driving the growth of the global auto parts manufacturing market, in the present scenario, is the increasing vehicle production in prominent regions. Furthermore, due to the growing demand for lightweight automotive vehicles, the automotive industry is also trying to adapt this feature in the auto parts manufacturing market. Moreover, the automotive component industry is required to adhere to multiple guidelines issued by regulating authorities. Such regulations are compelling manufacturers to develop products compatible with the regulations. Manufacturers are focused on consolidating the market through long-term contracts with major automobile producers and aftermarket sales through on spot service and online sales.

Asia Pacific is the leading market for auto parts manufacturing in terms of revenue. China is expected to hold significant revenue share in the Asia Pacific auto parts manufacturing market through 2029 owing to high vehicle production. The U.S. auto parts manufacturing market is projected to hold significant market share in terms of value in the global auto parts manufacturing market over the forecast period. This is attributed to the traction for lightweight components to improve vehicle’s performance and efficiency.

The PMR report has covered a few prominent participants operating in the auto parts manufacturing are

  • Robert Bosch GmbH
  • Denso Corporation
  • Valeo SA
  • Continental AG
  • Aptiv PLC
  • ZF Friedrichshafen AG
  • Magna International Inc.
  • Faurecia S.A.
  • Magneti Marelli SpA
  • Aisin Seiki Co., Ltd.
  • Brembo S.p.A.
  • AKEBONO BRAKE INDUSTRY CO., LTD.

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Auto Parts Manufacturing Market Provides In-Depth Analysis of the Industry, With Current Trends and Future Estimations to Elucidate The Investment Pockets | (2020-2025)

Up Market Research (UMR) offers a detailed report on Global Auto Parts Manufacturing Market. The report is a comprehensive research study that provides the scope of Auto Parts Manufacturing market size, industry growth opportunities and challenges, current market trends, potential players, and expected performance of the market in regions for the forecast period from 2020 to 2027. This report highlights key insights on the market focusing on the possible requirements of the clients and assisting them to make right decision about their business investment plans and strategies.

The Auto Parts Manufacturing market report also covers an overview of the segments and sub-segmentation’s including the product types, applications, companies and regions. This report further includes the impact of COVID-19 on the market and explains dynamics of the market, future business impact, competition landscape of the companies, and the flow of the global supply and consumption. The report provides an in-depth analysis of the overall market structure of Auto Parts Manufacturing and assesses the possible changes in the current as well as future competitive scenarios of the Auto Parts Manufacturing market.

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The published report consists of a robust research methodology by relying on primary source including interviews of the company executives & representatives and accessing official documents, websites, and press release of the companies. Up Market Research (UMR) is known for its data accuracy and granular market reports.

The report is prepared with a group of graphical representations, tables, and figures which displays a clear picture of the developments of the products and its market performance over the last few years. With this precise report, it can be easily understood the growth potential, revenue growth, product range, and pricing factors related to the Auto Parts Manufacturing market. The report also covers the recent agreements including merger & acquisition, partnership or joint venture and latest developments of the manufacturers to sustain in the global competition of the Auto Parts Manufacturing market.

Key companies that are covered in this report:

Robert Bosch
Denso
Delphi
Valeo
Continental
ZF TRW
Magna International
Faurecia
Magneti Marelli
Aisin Seiki
Brembo
Akebono Brake Industry
Hella
ACDelco

*Note: Additional companies can be included on request

The report covers a detailed performance of some of the key players and analysis of major players in the industry, segments, application, and regions. Moreover, the report also considers the government’s policies in different regions which illustrates the key opportunities as well as challenges of the market in each region.

By Application:

OEM
Aftermarket

By Type:

Battery
Cooling System
Underbody Component
Automotive Filter
Engine Components
Lighting Component
Others

As per the report, the Auto Parts Manufacturing market is projected to reach a value of USDXX by the end of 2027 and grow at a CAGR of XX% through the forecast period. The report describes the current market trend of the Auto Parts Manufacturing in regions, covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa by focusing the market performance by the key countries in the respective regions. According to the need of the clients, this report can be customized and available in a separate report for the specific region.

You can also go for a yearly subscription of all the updates on Auto Parts Manufacturing market.

You can buy the complete report @ https://www.upmarketresearch.com/buy/auto-parts-manufacturing-market-2019

The following is the TOC of the report:

Executive Summary

Assumptions and Acronyms Used

Research Methodology

Auto Parts Manufacturing Market Overview

Auto Parts Manufacturing Supply Chain Analysis

Auto Parts Manufacturing Pricing Analysis

Global Auto Parts Manufacturing Market Analysis and Forecast by Type

Global Auto Parts Manufacturing Market Analysis and Forecast by Application

Global Auto Parts Manufacturing Market Analysis and Forecast by Sales Channel

Global Auto Parts Manufacturing Market Analysis and Forecast by Region

North America Auto Parts Manufacturing Market Analysis and Forecast

Latin America Auto Parts Manufacturing Market Analysis and Forecast

Europe Auto Parts Manufacturing Market Analysis and Forecast

Asia Pacific Auto Parts Manufacturing Market Analysis and Forecast

Middle East & Africa Auto Parts Manufacturing Market Analysis and Forecast

Competition Landscape

Why you should buy this report?

This report offers a concise analysis of the Auto Parts Manufacturing market for the last 5 years with historical data & more accurate prediction for upcoming 6 years on the basis of statistical information.

This report helps you to understand the market components by offering a cohesive framework of the key players and their competition dynamics as well as strategies.

The report is a complete guideline for the clients to arrive an informed business decision since it consists of a detailed information for better understandings of the current & future market situation.

The report also answers some of the key questions given below:

Which end-user is likely to play a crucial role in the development of the Auto Parts Manufacturing market?

Which regional market is expected to dominate the Auto Parts Manufacturing market in 2020-2026?

How is consumer consumption behavior impacting the business operations of market players in the current scenario of the Auto Parts Manufacturing market?

If you have any questions on this report, please reach out to us @ https://www.upmarketresearch.com/home/enquiry_before_buying/72773

About Up Market Research (UMR):

We possess expertise in a variety of business intelligence domains. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.

We invest in our analysts to ensure that we have a full roster of experience and expertise in any field we cover. Our team members are selected for stellar academic records, specializations in technical fields, and exceptional analytical and communication skills. We also provide ongoing training and knowledge sharing to keep our analysts tapped into industry best practices.

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