Automotive Components Market To Grow Owing To Rising Demand From Automobile Industry Till 2022 | Million Insights

Felton, California, 2018-Mar-14 — /EPR Network/ — The global automotive components market size is a highly diversified sector that involves engine and auto component manufacturers; including aftermarket parts manufacturers, suppliers, dealers, and retailers. The term automotive was created from Greek autos (self) and Latin motivus (of motion) to represent any form of self-powered vehicle. The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles.

The automotive components industry accounts for a significant share of the total production of the manufacturing industry. The industry is very diverse; covering goods used to supply Original Equipment Manufacturers (OEMs), also known as automakers and supplying the aftermarket or used car replacement.

Full Research Report On Global Automotive Components Market Analysis available at: https://www.millioninsights.com/industry-reports/automotive-components-market

The key factors driving the growth of the automotive components industry include growing complexities and demand with respect to automobile industry, growing importance of suppliers and their recognition as partners, and increase in opportunities for turnkey suppliers. However, the expansion of the industry is clipped off by higher competitiveness of tier 1 supplier over tier 2 and tier 3 suppliers along with emergence of tier 1.5 suppliers.

The manufacturing of automotive components is gradually shifting toward Asian countries such as China, India and others because of higher market potential and the low-cost manufacturing options available. In China and India, OEMs are focused on helping the suppliers improve and grow their businesses. Strong growth in the industry has attracted a pool of companies, including major foreign companies, to operate in China’s automotive components market.

The growing importance of electronics and functional integration of green components and sustainable products will drive growth in the industry. The key target audience for automotive components market is manufacturers of automotive components, experts from the automotive industry, and raw material suppliers for automotive components, dealers and distributors of automotive components, automotive OEMs, the automobile industry and related end-user industries. The automotive components market is segmented on the basis of product type, vehicle type and geography.

On the basis of product type, the automotive components market is segmented into autonomous driving, electrical/ electronics, chassis, exterior, HMI, infotainment, interior, powertrain, thermal and so on. On the basis of vehicle type, the automotive components market is segmented into passenger cars (PC), commercial vehicles (CV) and so on.On the basis of geography, the automotive components market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East & Africa.

The North America region is the largest automotive componentsindustry, closely followed by the AsiaPacific region, in terms of value. The growing end-use industries are driving the demand for automotive components in the Asia Pacific region.The key players of automotive components industry are BMW, Volkswagen Group, Toyota, Hyundai, General Motors, Tesla, Renault, Tata (incl. JLR), Nissan, Ford, Honda, Daimler, Chery, FCA, Mitsubishi, Avtovaz, Suzuki, Mahindra Group, BAIC and SAIC.

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Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Automotive Components for these regions, from 2012 to 2022 (forecast), covering

• United States
• China
• Europe
• Japan
• Southeast Asia
• India

Global Automotive Components market competition by top manufacturers/players, with Automotive Components sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including

• Continental
• Robert Bosch
• ZF Friedrichshafen
• Delphi
• Denso
• Magna International
• BentelerAutomobiltechnik
• Mahle
• Schaeffler
• ThyssenKrupp Automotive Systems
• Bridgestone Group
• Royal Dutch Shell
• BP
• Mahle Group
• Mann&Hummel Group
• Johnsons Controls
• Exide Technologies
• Brembo
• Aisin Seiki
• Hella
• Koito

On the basis of product, this report displays the sales volume (K Units), revenue (Million USD), product price (USD/Unit), market share and growth rate of each type, primarily split into

• Engine Parts
• Drive Transmission & Steering Parts
• Body & Chassis
• Electrical Parts
• Suspension & Braking Parts
• Equipment’s
• Others

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Automotive Components for each application, including

• OEM
• Aftermarket

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/automotive-and-parts     

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