Auto Parts Manufacturing Market

Auto Parts Manufacturing Market to be worth US$ 466 Bn by 2025
Persistence Market Research’s recent analytical report titled “Auto Parts Manufacturing Market:
Global Industry Analysis (2012-2016) and Forecast (2017-2025)” focuses on various trends,
developments, opportunities, restraints, drivers and challenges impacting the growth of the global
market. These factors vary in magnitude in different regions for which a detailed analysis is covered
in this research report. Along with this, a competition assessment and forecast for a period of eight
years from 2017-2025 are elaborated with respect to each segment and sub-segment of the global
auto parts manufacturing market.
There are several aspects that impact the growth of the global auto parts manufacturing market.
Factors such as rising demand for high energy density batteries, manufacturing of brake pads with
reduced level of copper and heavy metals, growing inclination towards technologically advanced
products, wider scope for pumps as technology gains high traction, expansion and collaboration
among manufacturers to increase market reach, increasing automotive production, increasing
demand for lithium batteries and rising automotive production and vehicle parc are boosting the
growth of the global auto parts manufacturing market. However, aspects like low replacement rate
and aftermarket potential for automotive pumps, increasing demand for electric vehicles, higher
import taxes, threats from substitutes and alternatives, and mushrooming counterfeit auto parts have
posed threats to the growth of the global market.
Report overview @ https://www.persistencemarketresearch.com/market-research/auto-partsmanufacturing-market.asp
The research report on the auto parts manufacturing market indicates that the global market is
expected to grow at a 3.6% value CAGR and is estimated to reach a value slightly higher than US$
350 Bn in 2017. The global auto parts manufacturing market is anticipated to touch a market
valuation of around US$ 466 Bn by the end of the period of assessment.
By component, the engine component segment is the largest with a high market valuation and is
expected to dominate the global market in the coming years. The underbody component segment is
the second largest in terms of value and is expected to significantly contribute to the growth of the
parent segment.By sales channel, the OEM segment is the most lucrative and is poised to grow at a
comparatively higher CAGR than the aftermarket segment. The OEM segment also holds a high
market share and is likely to lead the global market during the forecast period.
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By vehicle type, the passenger cars segment is estimated to reach a value of around US$ 348 Bn
and is projected to grow at a significant CAGR throughout the period of assessment. The LCV
segment is the second largest segment with a noteworthy market valuation, thus contributing to the
growth of the overall market.By region, Asia Pacific is expected to show high market attractiveness
in the coming years. This region currently reflects high growth potential and scope for the auto parts
manufacturing market owing to a favorable environment and presents various growth opportunities
to the manufacturers operating in this market. The auto parts manufacturing market in Asia Pacific
is projected to grow at a moderate CAGR to reach a valuation of just under US$ 200 Bn by the end
of the period of assessment.
The global auto parts manufacturing market research report has analyzed some of the key players in
the auto parts manufacturing market. Few of these players profiled in the report include 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., Hella KGaA Hueck & Co., and ACDelco.
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