The motor vehicle parts manufacturing industry comprises
companies manufacturing motor vehicle parts including engines. This industry
includes companies manufacturing new motor vehicle parts as well as spare
parts. This market includes companies manufacturing motor vehicle parts for
both original equipment manufacturers and replacement market.
Read report:
https://www.thebusinessresearchcompany.com/report/motor-vehicle-parts-manufacturing-global-market-report-2018
The global motor vehicle parts manufacturing market was valued
around $2785 billion in 2017. Asia Pacific was the largest region in the motor
vehicle parts manufacturing market in 2017.
TBRC’s latest report show the growing trends
in the market for each year, globally and geographically, with sourced reasons
to support the growth claims.
The motor vehicle parts manufacturing market is segmented
into motor vehicle body and metal stamping, & other parts, motor vehicle
electrical & electronic equipment, steering, suspension, &
interiors,
motor vehicle engine, power train, & parts.
Out of all the segments in the transportation manufacturing
market, motor vehicle parts manufacturing has recorded the highest growth rate
in past years and is analyzed to grow at the same pace in the future as well
with a CAGR of about 9%.
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 top 5 companies included in the report are Robert Bosch, Denso Corporation, Magna International Inc.,
Aisin Group, and Continental Automotive Systems Corporation.
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