About Auto Body Parts
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 | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that Germany and Japan Vendors will contribute the maximum growth to Global Auto Body Parts market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mitsui Kinzoku (Japan), MITSUBA Corporation (Japan), Huf Hülsbeck & Fürst GmbH & Co. KG (Germany) and Yachiyo Industry Co., Ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Auto Body Parts market by Type (Automotive Sunroof, Windshield Wiper, Door Lock, Exterior Rearview Mirror, Door Handle and Other), Application (Passenger Car and Commercial Vehicle) and Region.
On the basis of geography, the market of Auto Body Parts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Distribution channel, the sub-segment i.e. Online will boost the Auto Body Parts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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
Market Leaders and their expansionary development strategies
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.
Key Target Audience
Auto Body Parts Manufacturers, Auto Body Parts Suppliers/Distributors, Raw Material Suppliers, Potential Investors, Government Bodies and Research and Development Organisation
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.