Global Auto Body Parts Market Overview:
The global auto body parts market is expected to mark significant growth over the forecasted period owing to the growth of the automotive sector and innovation in the parts of the automobile. Also, strict government regulations for vehicle emissions required the change in automobiles boosting the demand of auto body parts in future. The auto body parts manufacturing is shifting toward Asian countries such as China, India, and others because of higher market potential and the low-cost manufacturing options available. APAC is anticipated to emerge as the leading growth market over the forecast period due to high demand and low-cost manufacturing practices in the region.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Constant Innovation in the Automotive Sector for Driver Safety such as Night Vision, GPS Vehicle Tracking, etc.
Market Growth Drivers:
Growth in the Automotive Industry in Emerging Countries and Strict Government Regulation related to Vehicle Emission
Challenges:
The Higher Cost of the Automotive Parts and Require More Time For Manufacturing
Restraints:
Fluctuation in the Price of Raw Material
Opportunities:
High Demand for Advance Technology in Automobiles and Increasing Research and Development Activites in the Automotive Sector
Competitive Landscape:
Some of the key players profiled in the report are Webasto (Germany), Valeo (France), SMR (Germany), Magna (Canada), Inteva Products, LLC (United States), DENSO Corporation (Japan), Inalfa Roof Systems Group B.V. (Netherland), Bosch (Germany), Kiekert (Germany) and Aisin Seiki Co., Ltd. (Japan). Additionally, following companies can also be profiled that are part of our coverage like Mitsui Kinzoku (Japan), MITSUBA Corporation (Japan), Huf Hülsbeck & Fürst GmbH & Co. KG (Germany) and Yachiyo Industry Co., Ltd. (Japan). Analyst at AMA Research see Germany and Japan Vendors to retain maximum share of Global Auto Body Parts market by 2028. Considering Market by Distribution channel, the sub-segment i.e. Online will boost the Auto Body Parts market.
Latest Market Insights:
In Jan 2019, Valeo today announced that it has entered into strategic cooperation in the field of last-mile Autonomous Delivery with Meituan, China’s leading e-commerce platform for services as well as the largest on-demand food delivery platform in China. Both parties will work together on autonomous delivery vehicles in the last mile scenarios.
In September 2019, IAA Webasto presented a world premiere for autonomous vehicles. The world market leader for roof systems introduces its Roof Sensor Module, a roof system with integrated sensors and, related thermo and cleaning systems, at Europe's leading mobility trade fair in hall 8.0, booth D10.
What Can be Explored with the Auto Body Parts Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Auto Body Parts Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Auto Body Parts
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Auto Body Parts market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Auto Body Parts market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Auto Body Parts Manufacturers, Auto Body Parts Suppliers/Distributors, Raw Material Suppliers, Potential Investors, Government Bodies and Research and Development Organisation.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.