Global Auto Parts Market Growth 2023-2029

Global Auto Parts Market Growth 2023-2029

Auto parts (spare parts) are the units that constitute the whole processing of auto parts and the products that serve the processing of auto parts.

LPI (LP Information)' newest research report, the “Auto Parts Industry Forecast” looks at past sales and reviews total world Auto Parts sales in 2022, providing a comprehensive analysis by region and market sector of projected Auto Parts sales for 2023 through 2029. With Auto Parts sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Auto Parts industry.

This Insight Report provides a comprehensive analysis of the global Auto Parts landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Auto Parts portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Auto Parts market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Auto Parts and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Auto Parts.

The global Auto Parts market size is projected to grow from US$ 2274590 million in 2022 to US$ 2964910 million in 2029; it is expected to grow at a CAGR of 2964910 from 2023 to 2029.

The key factors driving the growth of the auto components industry are growing complexities and demand in automobile industry, growing importance of suppliers and their recognition as partners as well as increase in opportunities for mega suppliers.

This report presents a comprehensive overview, market shares, and growth opportunities of Auto Parts market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Driveline & Powertrain
Interiors & Exteriors
Electronics
Bodies & Chassis
Seating
Lighting
Wheel & Tires and Others

Segmentation by application
OEM
Aftermarket

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Robert Bosch GmbH
Denso
Valeo
Continental
Aptiv
ZF Friedrichshafen
Magna International
Faurecia S.A.
Magneti Marelli
Aisin Seiki
Brembo
Akebono Brake Industry
Hella KGaA Hueck
ACDelco

Key Questions Addressed in this Report

What is the 10-year outlook for the global Auto Parts market?

What factors are driving Auto Parts market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Auto Parts market opportunities vary by end market size?

How does Auto Parts break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.