The Business Research Company’s Motor Vehicle Parts Manufacturing global market report, 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 vehicles parts manufacturing market size is expected to reach $3.8 trillion by 2022, significantly growing at a CAGR of around 8% during the forecast period..
Motor vehicle parts manufacturing Market Trends
The motor vehicle parts manufacturing market consists of sales of motor vehicle parts by entities (organizations, sole traders and partnerships) that produce motor vehicle gasoline engines and engine parts, motor vehicle electrical and electronic equipment, motor vehicle steering and suspension components (except springs), motor vehicle brake systems, motor vehicle transmission and power train parts, motor vehicle seating and interior trim, motor vehicle metal stampings, and other motor vehicle parts and accessories. This market includes sales of rebuilt motor vehicle parts. This market includes sales of both new and used vehicles.
Motor vehicle parts manufacturers are increasingly using light weight vehicle components to improve fuel efficiency. Light weight vehicle components enable motor vehicle manufacturers to reduce the overall weight of the vehicle, thus, lowering the fuel consumption. This improves the fuel efficiency of the vehicle while ensuring safety norms are complied. In this regard, automotive parts manufacturers are using advanced composites and high strength metals for producing motor vehicle parts.
The global Motor vehicle parts manufacturing market is primarily driven by strong car sales in countries such as China, India and USA owing to rising disposable income, low fuel prices, preference for light combustion vehicles, hybrid, electric vehicles, and credit availability.
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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.
With positive economic outlook in both developed and developing economies, expected increase in demand for hybrid and electric vehicles spurred by technological developments, innovation and changing environmental regulations, the global Motor vehicle parts manufacturing market is expected to increase in potential and scope. TBRC’s report also covers the Motor vehicle parts manufacturing drivers and restraints in the market.
The global Motor vehicle parts manufacturing 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 global Motor vehicle parts manufacturing market report are obert Bosch, Denso Corporation, Magna International Inc., Aisin Group, Continental Automotive Systems Corporation, Faurecia S.A., Delphi Automotive PLC, and Lear Corporation.
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