Insights on the Automotive Parts Global Market to 2027 - Innovations in Engines Such as Hybrid Engines Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Sep 28, 2022--

The "Automotive Parts Market Research Report by Type (Bodies and Chassis, Driveline and Powertrain, and Electronics), Vehicle Type, Sales Channel, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Automotive Parts Market size was estimated at USD 223.22 billion in 2021, USD 234.52 billion in 2022, and is projected to grow at a CAGR 5.23% to reach USD 303.23 billion by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & 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 the vendors in the Automotive Parts Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

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

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on 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 shaping the Global Automotive Parts Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over 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 the leading vendors in the Global Automotive Parts Market?

7. What modes and strategic moves are considered suitable for entering the Global Automotive Parts Market?

Market Dynamics

Drivers

• Rise in the online sales of automotive components
• Increasing in the sale of cars in developing economies
• Stringent environmental regulations on scrapping automobiles

Restraints

• Counterfeit product availability in aftermarket

Opportunities

• Technological advancements such as improvements in propulsion
• Innovations in engines such as hybrid engines

Challenges

• Increase in the sale of electric vehicles that require fewer replacement parts over the lifetime

Companies Mentioned

• Adient plc
• Advance Auto Parts, Inc.
• Aisin World Corp. of America
• American Axle & Manufacturing Holdings Inc
• Aptiv PLC
• AutoZone, Inc.
• Carquest Corporation
• Continental AG
• Delphi Automotive
• DENSO Corporation
• Faurecia
• Flex-N-Gate Corporation
• General Motors Company
• Hyundai Mobis
• Kyocera Corporation
• Lear Corporation
• 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 about this report visit https://www.researchandmarkets.com/r/etyvnm

View source version on businesswire.com:https://www.businesswire.com/news/home/20220928005488/en/

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KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

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