Automotive Parts and Components Market is Estimated to Reach USD 2996.19 Billion by 2030: Cognitive Market Research

Automotive Parts and Components Market is Estimated to Reach USD 2996.19 Billion by 2030: Cognitive Market Research

Market Overview:
• What are Automotive Parts and Components?
– Automotive parts and components refer to the various elements that are used in the production and maintenance of vehicles, including cars, trucks and other motorized vehicles. These parts and components can include everything from engines and transmissions to brakes, suspension systems, steering systems, electrical systems, and more. There are numerous manufacturers and suppliers of automotive parts and components around the world, ranging from large multinational corporations to smaller, specialized companies. These companies use a wide range of materials and manufacturing processes to produce their products, including metals, plastics, and composites, as well as casting, machining, forging, and other techniques.

Summary:
The global Automotive Parts and Components market size stood at USD 2203.42 billion in 2022 and will touch the mark of USD 2996.19 billion by 2030. The global market is expected to expand at a CAGR of 3.8% between 2023 and 2030.

To know more about The Automotive Parts and Components Market statistics click here : https://www.cognitivemarketresearch.com/automotive-parts-and-components-market-report

Market Dynamics:
• What are the driving factors for the Automotive Parts and Components market?
– The growing global population and rising incomes are driving the demand for vehicles, which in turn is increasing the demand for automotive parts and components. The automotive industry is rapidly evolving, with new technologies such as electric and autonomous vehicles driving the demand for innovative automotive parts and components.The automotive industry is increasingly focused on reducing its environmental impact, which is driving the demand for sustainable and eco-friendly automotive parts and components.Governments around the world are implementing stricter regulations and safety standards for vehicles, which is driving the demand for high-quality automotive parts and components. The automotive industry is becoming increasingly globalized, with manufacturers and suppliers operating across borders and regions, which is driving the demand for automotive parts and components on a global scale.

Market Segmentation:
type
• Drivelines and Powertrains
• Interiors and Exteriors
• Electronics
• Bodies and Chassis
• Wheels and Tires
• Other

Application
• Original Equipment Manufacturers (OEMs)
• Aftermarket
– Based on applications, the market is segmented into OEMs and Aftermarket. The OEM segment has the highest market share in the automotive parts and components market due to the high demand for new vehicles and the higher prices of OEM parts. However, the aftermarket segment is also a significant market with a strong demand for replacement parts and upgrades. The OEM segment includes the parts and components that are used in the production of new vehicles by original equipment manufacturers. This segment includes parts such as engines, transmissions, chassis and other components that are installed during the manufacturing process. The OEM segment typically has a higher market share compared to the aftermarket due to the higher prices of OEM parts and the fact that new vehicles require OEM parts.

Competitive Analysis of the Automotive Parts and Components Market : DENSO Corporation, Robert Bosch GmbH, Hella KGaA Hueck & Co., Nidec Corporation, ZF Friedrichshafen AG, Aisin Seiki Co. Ltd, Magneti Marelli SpA, Mitsubishi Electric Corporation, Continental AG, Delphi Automotive, Valeo Group, Mahle Group, Magna International Inc., Faurecia SA, Others

Get free sample pages of the latest published Automotive Parts and Components Market Report : https://www.cognitivemarketresearch.com/automotive-parts-and-components-market-report#request_sample

Automotive Parts and Components Market Industry News:
• Dynax has been building components for 50 years and is also a pioneer in the EV revolution
(October 2022)
Though Dynax has been developing friction components for the automotive industry for almost 50 years, and in-wheel motor technology for the last decade, it is only the beginning of its plan to become an EV manufacturing specialist. Since its foundation in 1973, Dynax has researched, developed and designed products such as wet-type friction plates, clutch pack assemblies and synchronizer rings. However, with the transition from internal combustion engines to electric vehicles (EVs), manufacturers involved in automotive components like Dynax are having to respond and adapt.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Inquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• Global Automotive Parts and Components Industry Introduction
• Objectives of the Study
• USP of the Report
• Who is this report for?
• Designing of Market Scope
1.5.1 Automotive Parts and Components Market Segmentation
1.5.1 Automotive Parts and Components Market Regional Fragmentation
1.5.1 Automotive Parts and Components Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Automotive Parts and Components Market
Chapter 4 Global Automotive Parts and Components Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Automotive Parts and Components Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Automotive Parts and Components Market by Application Segmentation Analysis (2018-2030)
• 10.1 Detailed Qualitative Analysis
• 10.2 Global Automotive Parts and Components Revenue and Share (%) by Application (2018-2030)
10.2.1 Original Equipment Manufacturers (OEMs) Market Size
10.2.1.1 Global Original Equipment Manufacturers (OEMs) Market Share and Revenue (USD Million) for 2018-2030
10.2.1.2 Automotive Parts and Components Market for Original Equipment Manufacturers (OEMs), by Country (2021 Vs 2024)
10.2.2 Aftermarket Market Size
10.2.2.1 Global Aftermarket Market Share and Revenue (USD Million) for 2018-2030
10.2.2.2 Automotive Parts and Components Market for Aftermarket, by Country (2021 Vs 2024)
Chapter 11 Global Automotive Parts and Components Market Regional Analysis
Chapter 12 North America Automotive Parts and Components Market Outlook (2018 – 2030)
Chapter 13 Europe Automotive Parts and Components Market Outlook (2018 – 2030)
Chapter 14 Asia Pacific Automotive Parts and Components Market Outlook (2018 – 2030)
Chapter 15 Latin America Automotive Parts and Components Market Outlook (2018 – 2030)
Chapter 16 Middle East and Africa Automotive Parts and Components Market Outlook (2018 – 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

To know more about The Automotive Parts and Components Market TOC click here : https://www.cognitivemarketresearch.com/automotive-parts-and-components-market-report#table_of_contents

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