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 report at:
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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