Motor Vehicle Parts Manufacturing

The Business Research Company’s global motor vehicle parts manufacturing market analysis covers the year-on-year growth of the global motor vehicle parts manufacturing market historic and forecast growth. It also includes chapters on the motor vehicle parts manufacturing market trends, geographical analysis, and competitive landscape.

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The global motor vehicle parts manufacturing market is forecast to grow at a CAGR (compound annual growth rate) of around 8% by 2020.

Motor Vehicle Parts Manufacturing Market Segmentation

According to TBRC’s global motor vehicle parts manufacturing market research, the market is split by segments into Motor Vehicle Body, Metal Stamping & Other Parts, Motor Vehicle Electrical & Electronic Equipment, Steering, Suspension, & Interiors Motor Vehicle Engine, Power Train, & Parts.

Motor Vehicle Body, Metal Stamping, & Other Parts was the largest segment in the motor vehicle parts manufacturing market accounting for 40% of the market. This can be attributed to the fact that motor vehicle body constitutes a majority of portion of a vehicle. This segment includes establishments involved in manufacturing motor vehicle body, metal stampings and performing stamping and incidental operations such as removing burrs and other stamping defects.

Motor Vehicle Electrical & Electronic Equipment, Steering, Suspension, & Interiors was the second largest segment in the motor vehicle parts manufacturing market. This segment includes companies that manufacture and rebuild electrical and electronic equipment, steering and suspension components and interior components such as motor vehicle fabric accessories, trimmings, seat belts and seats.

Motor Vehicle Engine, Power Train, & Parts was the third largest segment in the motor vehicle parts manufacturing. This segment comprises establishments that manufacture and rebuild vehicles engines, engine parts, transmission and power train parts.

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Motor Vehicle Electrical & Electronic Equipment, Steering, Suspension, & Interiors had the highest CAGR (compound annual growth rate) of 10% during 2013-2017; this segment is expected to grow at a CAGR of 9% during 2017-2021. This was mainly due to increase in demand for new vehicles and the need for consumer comfort, which supported the growth of automotive air-conditioning and suspension market. Low interest rates and fuel prices are expected to boost the automotive industry and subsequently the automotive parts industry in the forecast period

The global motor vehicle parts manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

The global Motor Vehicle Body, Metal Stamping & Other Parts, Motor Vehicle Electrical & Electronic Equipment, Steering, Suspension, & Interiors Motor Vehicle Engine, Power Train, & Parts market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the report are Robert Bosch, Denso Corporation, Magna International Inc., Aisin Group, and Continental Automotive Systems Corporation.

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