Global Automobile Ancillary Market
Posted by chetana on March 27th, 2021
Global Automobile Ancillary Market is expected to grow to a US$ XX Bn by 2026 from US$ 378.16 Bn Dollar in 2019 at a CAGR of XX %.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Automobile Ancillary Market
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The global auto ancillary market has been segmented into Component, sales channel, vehicle Class, and geography. On the basis of the component market is segmented into Engine and engine parts, Transmission & steering parts, Suspension & braking parts, Equipment, Electrical parts, Sheet metal parts Body and chassis, Fan belts, Pressure die castings, Hydraulic pneumatic instruments.
Based on sales channel market is divided by Distributors, Foreign Distributors, Affiliate Sales, Outsourced Sales, Value-Added Resellers (VARs), Catalogue. According to vehicle Class, market is segmented into By off Passenger Cars (PC), Light Commercial Vehicle (LCV), Lorries, Trucks, Buses, Agriculture Vehicle, Construction Vehicle, Fuel Cell Electric Vehicle (FCEV), Hybrid Electric Vehicle (HEV), Battery Electric Vehicle (BEV), and Plug-In Hybrid Electric Vehicle (PHEV). Geographically market is spread by North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
There are several factors that impact the growth of the global auto ancillary market. Factors such as growing demand for high energy density batteries, production of brake pads with low level of copper and heavy metals, growing to drive towards technologically advanced products, wider range of applications for pumps as technology get strong foothold, expansion collaboration mergers and acquisitions among manufacturers to increase market reach, increasing automobile production, rising demand for lithium batteries are boosting the growth of the global auto parts manufacturing market.
However, low replacement rate and aftermarket potential for automotive pumps, increasing demand for the hybrid electric vehicle, import taxes, danger to business from substitutes and alternatives, and rising counterfeit auto parts have posed threats to the growth of the global market.
Geographically the Asia Pacific is expected to show high market penetration in the coming years. This region currently presents high growth potential and scope for the auto parts manufacturing market owing to a favorable environment and presents various growth opportunities to the manufacturers in this market. The auto parts manufacturing market in the Asia Pacific is estimated to grow at a moderate CAGR to reach a valuation of just under US$ 210 Billion by the end of the period of assessment.
Key players operated in the market include Motherson Sumi, Bosch, Minda India, ZF Steering Gear, GNA Axles, FIEM, Nippon India, Duncan Engg, Bharat gears, Bharat seats, Rajratan Global.
The objective of the report is to present comprehensive analysis of Global Automobile Ancillary market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Automobile Ancillary market dynamics, structure by analyzing the market segments, and project the Global Automobile Ancillary market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automobile Ancillary market make the report investor’s guide.
Global Automobile Ancillary Market, by Component:
• Engine and engine parts
• By off Passenger Cars (PC)
• North America
• Motherson Sumi
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About the Authorchetana
Joined: February 27th, 2020
Articles Posted: 152
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