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Global Auto Parts and Accessories Market - Industry Trends and Forecast to 2029

  • Automotive
  • Upcoming Report
  • Feb 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Auto Parts and Accessories Market, By Product (Engine Parts, Electrical Parts, Drive and Transmission Steering Parts, Suspension and Braking Parts Equipment and Others), Vehicle Type (Passenger, Commercial, Light Commercial Vehicle, Sports Vehicles and Others), Type (Driveline and Powertrain, Interiors and Exteriors, Electronics, Seating, Lighting, and Other Types), Application (OEM, and Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029.

Auto Parts and Accessories Market

Market Analysis and Insights Global Auto Parts and Accessories Market

The auto parts and accessories market is expected to witness market growth at a rate of 11.20% in the forecast period of 2022 to 2029. Data Bridge Market Research report on auto parts and accessories market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the disposable incomes is escalating the growth of auto parts and accessories market.

Auto parts is referred to as a component of an automobile. Auto parts and components comprise of chassis, bodies, interiors, seating, exteriors, powertrains, electronics, mirrors, closures, roof systems and modules, and so forth. All the parts and components are connected in a car to supply the best driving experience. The classification of auto parts and accessories contains interiors and exteriors, driveline and powertrain, electronics, bodies and chassis, seating, lighting, wheel and tires, and so forth.

Major factors that are expected to boost the growth of the auto parts and accessories market in the forecast period are the incentives taken by the government and the rise in the regional demand. Furthermore, the easy availability of raw materials is further anticipated to propel the growth of the auto parts and accessories market. Moreover, the growing scrapping rates of motor vehicles and engines is further estimated to cushion the growth of the auto parts and accessories market. On the other hand, the global slowdown is further projected to impede the growth of the auto parts and accessories market in the timeline period.

In addition, the growing demand for SLI batteries and the rise in the need for filters from diesel engine vehicles will further provide potential opportunities for the growth of the auto parts and accessories market in the coming years. However, the stringent regulations might further challenge the growth of the auto parts and accessories market in the near future.

This auto parts and accessories market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the auto parts and accessories market, contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.

Global Auto Parts and Accessories Market Scope and Market Size

The auto parts and accessories market is segmented on the basis of product, vehicle type, type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. 

  • On the basis of product, the auto parts and accessories market has been segmented into engine parts, electrical parts, drive and transmission steering parts, suspension and braking parts equipment and others.
  • On the basis of vehicle type, the auto parts and accessories market has been segmented into passenger, commercial, light commercial vehicle, sports vehicles and others.
  • On the basis of type, the auto parts and accessories market has been segmented into driveline and powertrain, interiors and exteriors, electronics, seating, lighting, and other types.
  • On the basis of application, the auto parts and accessories market has been segmented into OEM, and aftermarket.

Auto Parts and Accessories Market Country Level Analysis

The auto parts and accessories market is segmented on the basis of product, vehicle type, type and application.       

The countries covered in the auto parts and accessories market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).

North America dominates the auto parts and accessories market due to the occurrence of major players. Furthermore, the growing adoption of these accessories will further boost the growth of the auto parts and accessories market in the region during the forecast period. Asia-Pacific is further projected to observe significant amount of growth of the auto parts and accessories market due to the rise in the demand from end users has compelled traction battery manufacturers. Moreover, the growing energy density is further anticipated to propel the growth of the auto parts and accessories market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Auto Parts and Accessories Market Share Analysis

The auto parts and accessories market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the auto parts and accessories market.

Some of the major players operating in the auto parts and accessories market are AISIN CORPORATION, Autoliv Inc., BASF SE, BorgWarner, Inc., ThyssenKrupp AG, Continental AG, DENSO CORPORATION, Faurecia, Valeo, Hitachi, Ltd., HYUNDAI MOBIS., ZF Friedrichshafen AG, TOYODA GOSEI Co., Ltd., Lear Corporation, Magna International Inc., Mahle GmbH, Marelli Holdings Co., Ltd., Panasonic Automotive Systems Europe GmbH, and Robert Bosch GmbH among others.

Customization Available : Global Auto Parts and Accessories Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import-export and a grey area results data, literature review, consumer analysis, and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

Auto Parts and Accessories Market growth at a rate of 11.20% during the forecast period of 2022 to 2029.
Global Auto Parts and Accessories Market segmented By Product such as Engine Parts, Electrical Parts, Drive and Transmission Steering Parts.
Global Auto Parts and Accessories Market segmented By Application such as OEM, and Aftermarket
The major players operating in the auto parts and accessories market are AISIN CORPORATION, Autoliv Inc., BASF SE, BorgWarner, Inc., ThyssenKrupp AG, Continental AG, DENSO CORPORATION, Faurecia, Valeo, Hitachi, Ltd., HYUNDAI MOBIS., ZF Friedrichshafen AG, TOYODA GOSEI Co., Ltd., Lear Corporation, Magna International Inc., Mahle GmbH, Marelli Holdings Co., Ltd., Panasonic Automotive Systems Europe GmbH, and Robert Bosch GmbH among others.