The motor vehicle parts
manufacturing industry comprises companies manufacturing motor vehicle parts
including engines. This industry includes companies manufacturing new motor
vehicle parts as well as spare parts. This market includes companies
manufacturing motor vehicle parts for both original equipment manufacturers and
replacement market.
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The global motor vehicle parts
manufacturing market has shown high growth in the past years with a CAGR
of about 8.5%. The year 2017 recorded highest ever market value in this
industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the motor
vehicle parts manufacturing market to grow at a lower CAGR by 2021 as
compared to 2017, along with geographies best suited for investments with highest
return rate.
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report at
The global motor vehicle parts
manufacturing market grew at a compound annual growth rate (CAGR) of 9%%. This
was mainly due to 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. Also the
growth can be attributed to the expected increase in the demand for new
vehicles in developing countries such as India and China. The shift in the
trend towards more fuel efficient vehicles, is also expected to drive the market
in the forecast period.
Companies included in the report are Robert Bosch, Denso Corporation, Magna International Inc., Aisin Group
and Continental Automotive Systems Corporation.
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