Global Automotive Parts Market Snapshot to 2027 – Innovations in Engines Such as Hybrid Engines Provide Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Automotive Parts Market Research Report by Type (Body & Chassis, Transmission & Powertrain, and Electronics), Vehicle Type, Sales Channel, Region (Americas, Asia-Pacific & Europe, Middle East & Africa ) – Global Forecast to 2027 – Cumulative Impact of COVID-19″ report has been added to from ResearchAndMarkets.com offer.

The global automotive parts market size was estimated to be USD 223.22 billion in 2021, USD 234.52 billion in 2022, and is projected to grow at a CAGR of 5.23% to reach USD 303.23 billion by 2027 .

Competitive Strategy Window:

The strategic competitive window analyzes the competitive landscape in terms of markets, applications and geographies to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for vendors to adopt successive strategies of merger and acquisition, geographic expansion, research and development, and new product introduction strategies to execute further business expansion and growth. during a forecast period.

FPNV positioning matrix:

The FPNV Positioning Matrix evaluates and categorizes vendors in the automotive parts market based on business strategy (business growth, industry coverage, financial viability, and channel support) and product satisfaction (quality ratio -price, ease of use, product features, and customer support) that helps businesses make better decisions and better understand the competitive landscape.

Market share analysis:

The market share analysis offers the analysis of the vendors considering their contribution to the overall market. It gives the idea of ​​its revenue generation in the overall market compared to other providers in the space. It provides information on the performance of vendors in terms of revenue generation and customer base compared to others. Knowing the market share gives an idea of ​​the size and competitiveness of suppliers for the reference year. It reveals the characteristics of the market in terms of accumulation, fragmentation, dominance and merger.

The report provides information about the following pointers:

1. Market Penetration: Provides comprehensive information about the market offered by major players

2. Market Development: Provides detailed information on lucrative emerging markets and analyzes penetration in mature market segments

3. Market Diversification: Provides detailed information on new product launches, untapped geographies, recent developments and investments

4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of key players

5. Product Development and Innovation: Provides smart insights into future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the global automotive parts market?

2. What are the inhibiting factors and impact of COVID-19 on the global auto parts market during the forecast period?

3. What are the products/segments/applications/areas to invest in during the forecast period in the global automotive parts market?

4. What is the competitive strategic window for opportunities in the global automotive parts market?

5. What are the technology trends and regulatory frameworks in the global automotive parts market?

6. What is the market share of major vendors in the global auto parts market?

7. Which modes and strategic moves are considered suitable for entering the global automotive parts market?

Market dynamics

Drivers

  • Rise in online sales of automotive components

  • Increase in car sales in developing economies

  • Strict environmental regulations on the disposal of automobiles

Constraints

  • Availability of counterfeit products on the secondary market

Opportunities

  • Technological advances such as propulsion improvements

  • Innovations in engines such as hybrid engines

Challenges

  • Increased sales of electric vehicles requiring fewer spare parts over their lifetime

Companies cited

  • Adient S.A.

  • Advance Auto Parts, Inc.

  • Aisin World Corp. from america

  • American Axle & Manufacturing Holdings Inc

  • Aptiv PLC

  • AutoZone, Inc.

  • Carquest Company

  • Continental AG

  • Delphi Automotive

  • DENSO Corporation

  • Faurecia

  • Flex-N-Gate Corporation

  • General Motors Company

  • Hyundai Mobi

  • Kyocera Company

  • Lear Company

  • Magna International Inc.

  • Mahle GmbH

  • Panasonic Automotive Systems Company of America

  • Robert Bosch GmbH

  • Sumitomo Electric

  • Thyssenkrupp

  • Visteon Corporation

  • Yazaki North America Inc.

  • ZF Friedrichshafen AG

For more information on this report, visit https://www.researchandmarkets.com/r/etyvnm

About Dwight E. McCray

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