What is Automotive Distributor Market Scope?
Automotive distributors manufacture goods that are used in the production process of an automobile or become a part of an automobile. Also, they supply these goods directly or indirectly to an automobile manufacturer, synonymous with Original Equipment Manufacturer (OEM). Economic conditions, consumer preferences, government, and technological advances are the major factors driving the global automotive distributor market growth. The shift toward electrification, autonomous driving, connected technologies, and shared mobility can propel the market during the forecast period.
Influencing Trend:
Demand for the High-Quality Automotive Dealer Management System and Robotic Automation in Automotive Industry
Market Growth Drivers:
Increasing Spending on Research and Development Activities by Automotive Manufacturers and Rapid Shift towards Lighter Materials Coupled with the Trend towards Electric Vehicles
Challenges:
Rising Environmental Awareness and a Surging Desire to Connect Vehicles to the Internet and Concerns Related to the Supply Chain and Technology Convergence
Restraints:
Lack of Engine Performance, such as Stalling, Misfiring, and Poor Acceleration and High Competition between Key Players
Opportunities:
The Adoption of Advanced Technologies, Including Automation, Robots, Big Data, and Related Smart Factory Solutions, will help Automotive Players Unlock Competitive Advantages
The Automotive Distributor market study is being classified by Type (Tier 1, Tier 2 and Tier 3), by Application and major geographies with country level break-up.
Global Automotive Distributor is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Denso (Japan), Magna International (Canada), Robert Bosch (Germany), Valeo (France), Faurecia (France), Continental AG (Germany), Changan Automobile (China), Michelin (France), ZF Friedrichshafen (Germany) and Aisin (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hyundai Mobis (South Korea).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Automotive Distributor market by Type, Application and Region.
On the basis of geography, the market of Automotive Distributor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On 23rd July 2021, Magna announced the acquisition of Veoneer. The acquisition builds on Magna's strengths and positions the company's advanced driver assistance systems (ADAS). Also, the acquisition expands Magna's ADAS business with major customers and provides access to new customers and regions, including Asia.
On 31st January 2022, Faurecia acquired Hella GmbH & Co. Combination of the two companies creates the 7th largest global automotive supplier and a global market leader in high-growth technology areas. Both companies aim to further expand their market position, especially in Electric Mobility, Automated Driving, and Vehicle Interior Design, and to further strengthen their position across customers and regions.
Key Target Audience
Automotive Distributor Industry Verticals, Regulatory Bodies, New Entrants, Potential Investors, Research and Development Institutes and Others
Automotive Distributor Market Study: Important Years
Attributes | Details |
---|
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 |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Automotive Distributor Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Automotive Distributor industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.