Global Auto Parts And Accessories Industry

Global Auto Parts And Accessories Industry

  • April 2021 •
  • 1392 pages •
  • Report ID: 5817571 •
  • Format: PDF
Abstract:
- Global Auto Parts And Accessories Market to Reach $2.3 Trillion by 2027
- Amid the COVID-19 crisis, the global market for Auto Parts And Accessories estimated at US$1.9 Trillion in the year 2020, is projected to reach a revised size of US$2.3 Trillion by 2027, growing at a CAGR of 3% over the analysis period 2020-2027. Driveline & Powertrain, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$775.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Interiors & Exteriors segment is readjusted to a revised 2.8% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $510.2 Billion, While China is Forecast to Grow at 5.5% CAGR
- The Auto Parts And Accessories market in the U.S. is estimated at US$510.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$474.8 Billion by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.
- Electronics Segment to Record 3.2% CAGR
- In the global Electronics segment, USA, Canada, Japan, China and Europe will drive the 2.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$227.8 Billion in the year 2020 will reach a projected size of US$276.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$319.5 Billion by the year 2027, while Latin America will expand at a 3.9% CAGR through the analysis period.

- Select Competitors (Total 1149 Featured) -
  • Aisin Seiki Co., Ltd.
  • Autoliv, Inc.
  • BASF SE
  • BorgWarner, Inc.
  • Calsonic Kansei Corporation
  • Continental AG
  • Delphi Technologies
  • Denso Corporation
  • Faurecia
  • Gestamp Automocion S.A.
  • Hitachi Automotive Systems Ltd.
  • Hyundai Mobis Co., Ltd.
  • Hyundai Wia Corporation
  • JTEKT Corporation
  • Lear Corporation
  • Magna International, Inc.
  • MAHLE GmbH
  • Marelli (Magneti Marelli CK Holdings Co., Ltd.)
  • Panasonic Automotive Systems Europe GmbH
  • Robert Bosch GmbH
  • Samvardhana Motherson Group
  • Schaeffler AG (Schaeffler Group)
  • Sumitomo Electric Industries Ltd.
  • ThyssenKrupp AG
  • Toyoda Gosei Co., Ltd.
  • Toyota Boshoku Corporation
  • Valeo Group
  • Yanfeng Automotive Interior Systems
  • Yazaki Corporation
  • ZF Friedrichshafen AG