Persistence Market Research uses a unique research methodology which is a strong blend of secondary and in-depth primary research. Extensive primary interviews with key market players, stakeholders, market observers and experts are carried out to collect necessary data and information pertaining to various segments and across key regions. The data crunching and statistical analysis so performed undergoes multiple layers of validation to garner appropriate market insights which could benefit business by impacting critical decisions. The exhaustive research methodology has been applied to thoroughly understand and study the market for auto parts manufacturing and the findings and insights have been skilfully crafted following a systematic structure in the new report titled “Auto Parts Manufacturing Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”.
The research report on the global auto parts manufacturing market offers support in every respect
The market research report on global auto parts manufacturing is a comprehensive market research study which focuses on the global scenario and provides actionable acumen on various factors which influence the market which is possible with the help of strong data and statistical analyses. It delivers an unbiased view of the market by including analysis on various market segments across the major geographies of North America, Latin America, Europe, Asia Pacific and Middle East and Africa (MEA). The global research report on auto parts manufacturing market has an in-depth weightage on statistics, figures, numbers and graphs which is based on a clear market definition. This will enable the reader to take informed decisions with the help of well-furnished insights. The upcoming trends and developments, new innovations in products and varying product portfolios, new acquisitions, end user analysis and much more actionable acumen give a 3600 view to the market ultimately providing the reader with necessary tools to devise strategies in order to establish firm grip in a particular region or in a particular segment in the global auto parts manufacturing market.
A detailed competitive analysis covered in the research report
The global auto parts manufacturing market research study covers competitive landscape that includes market shares, revenues, growth strategies applied, product portfolio analysis, distribution channels, expansion in several geographies, marketing strategies, SWOT analysis, pricing analysis, etc., of the various key players in the global auto parts manufacturing market. Such an intelligence framework can be used to gain competitive advantage in the long run, especially helpful for new entrants in the auto parts manufacturing market.
Why should you invest in this report?
Persistence Market Research has published a new research report featuring the auto parts manufacturing market at a global level. This research study includes volume sales along with the value generated from the sales of prominent automotive components and parts that encompasses cooling system, engine, battery and drivetrain components, lighting components, underbody components as well as electrical components. The research study segments the market into passenger cars, heavy commercial vehicles and light commercial vehicles. This research report can be called exhaustive in nature as it portrays a holistic view of the market. It highlights sales with respect to new vehicle production through OEM (original equipment manufacturer) as well as the independent aftermarket.
As per Persistence Market Research (PMR) forecasts, the global auto parts manufacturing market is projected to grow at a CAGR of 3.6% throughout the period of forecast. The valuation as estimated by PMR is expected to reach more than US$ 465 Bn by the end of the period of assessment from a value of about US$ 352 Bn in 2017. This growth in value can be attributed to the increasing demand for high energy density battery, rising adoption of hybrid power trains, rising demand for advanced pump for mid-size segments and increasing automotive production and vehicle parc.
Engine components to generate high revenue in the global auto parts manufacturing market
Engine components segment in the component type category reflected a high market share of around 46% in 2017 and led the global market. This segment is likely to dominate the global market in the coming years with a high market valuation and is estimated to reach a value of around US$ 212 Bn by the end of the year of estimation (2025) from a value of about US$ 164 Bn in 2017 and is projected to grow at a value CAGR of 3.3% during the period of forecast.
Engine to significantly contribute to the growth of the overall engine components segment
The engine sub segment in the engine components segment is expected to grow at a CAGR of 3.1% throughout the period of forecast and is estimated to reach a value of more than US$ 129 Bn by the end of the period of assessment. This sub segment is anticipated to dominate the engine components category and hence the parent market and thus contributes largely to the revenue growth of the engine components segment during the assessment period. On the other hand, the pump sub segment has a major role in the growth of the parent segment with respect to growth rate. The pump sub segment is projected to grow at the highest pace owing to increased adoption and is poised to register a comparatively high value CAGR of 3.8%. Additionally, the pump sub segment is estimated to be the second largest from a market share and value perspective.
Automotive filters to grow at a significant rate throughout the period of forecast
The automotive filters segment in the component category is projected to grow at the highest pace during the assessment period and is expected to register high CAGR of 5.3% during the said timeline. However, it is estimated to reflect a lower market valuation of around US$ 17 Bn by the end of 2025 from US$ 11.3 Bn in 2017.