Automotive parts manufacturing industry analysis. 73 billion in 2024 and is projected to grow at a CAGR of 2.

Automotive parts manufacturing industry analysis 9% from 2024 to 2030. 21 bn in 2024 & is expected to grow at an impressive 8. The Germany auto parts manufacturing market reached USD 100. 9% below 2019 levels. Oct 4, 2024 · Conclusion: The Future of the Automotive Industry. Europe Auto Parts Manufacturing Market Outlook. 2 billion and auto parts at $88. MEMA Aftermarket Suppliers and Auto Care Association 2024 Joint Channel Forecast Model conducted by S&P Global Market Intelligence, more information at www. Dec 20, 2022 · Final Thoughts on the Automotive Industry's SWOT Analysis. Hence, the Indian automobile industry has a considerable impact on the auto component industry. The Automotive Parts Market is expected to reach $824. 9 million over the five years to 2025, while the national industry will likely grow at a rate of x. 5% over the five years through 2023, including a growth rate of 0. Our report has categorized the market based on component type, sales channel and vehicle type. Not only is Ontario a key driver of Canada’s automotive manufacturing industry, automotive manufacturing is also an important component of the provincial economy. This includes a detailed market research of 5519 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis This comparative analysis presents an in-depth examination of auto parts manufacturing companies operating in the automotive industry. Expert industry market research on the Auto Parts Manufacturing in Canada (2014-2029). Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Automobile sales are expected to increase in the area as a result of increased consumer and passenger vehicle production and sales, the use of advanced technologies in the manufacturing of auto parts, and the digitization of automotive part delivery services. 9% (2. Global automobile manufacturing industry outlook A Bloomberg Intelligence report Nov 22, 2024 · According to the U. What is a feasibility analysis? I-Many Suppliers. Recent Industry Developments in the Auto Parts Manufacturing Market February 2024, Fenix Parts signed an acquisition deal with Pacific Rim Auto Parts, an automotive recycler company. In the dynamic landscape of the auto parts industry, several opportunities have emerged that can drive growth and innovation. 67% to reach USD 140. Automotive Parts Manufacturing Process 1. Nov 22, 2024 · When it comes to the Automotive Parts Manufacturing industry, the potential annual revenue can vary significantly depending on various factors such as market demand, competitive landscape, and the strategies employed by the business venture. Oct 22, 2024 · Key Observation Benchmarks on Automotive Industry Valuations. 2 billion by 2032, at a CAGR of 4. This includes a detailed market research of 1904 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis This analysis is by Bloomberg Intelligence analysts Kevin P Tynan and Michael Dean, and contributing analyst Steve Man. Today, American manufacturers produce around 10 million units annually[2], which is a big drop from the historic highs of 13-15 million units in the 1970s and early 2000s. Mar 19, 2024 · For a comprehensive analysis of the auto parts industry, including its strengths, weaknesses, opportunities, and threats, refer to our article on auto parts industry SWOT analysis. Jan 1, 2005 · Has the number of Automobile Engine & Parts Manufacturing in the US businesses grown or declined over the past 5 years? The number of Automobile Engine & Parts Manufacturing in the US businesses has declined -1. 16-18. The growth of automotive component industry is highly correlated to growth in the original equipment manufacturers (OEMs) in automobile industry. , Ltd. With the advent of the Internet and big data environment, new technology development can help optimize and reform the quality of auto parts manufacturing industry (Kong Ningning et al. In the marine industry, the auto parts and accessories market provides essential components adapted for marine use. 09 billion and a weighted average PE ratio of 30. According to Statista, the revenue from the Automotive industry in Canada declined between 2016 and 2019. Automotive Parts Manufacturing can be a highly profitable sector if approached strategically and United States of America (USA) Automotive Manufacturing Market Summary, Competitive Analysis and Forecast to 2027 Summary Automotive Manufacturing in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). Nov 6, 2024 · Auto Parts Manufacturing in Illinois - current trends and industry outlook (2019-2029) The Auto Parts Manufacturing industry in Illinois is expected to grow an annualized x. 21 billion by 2028. 9% in 2022. 4 billion by 2032, growing at a compound annual growth rate (CAGR) of about 6. Restructuring in the Automotive Parts Manufacturing Industry The independent automotive parts manufacturing industry is comprised of well-known Canadian- and foreign-owned firms with global footprints and a diverse group of Canadian- and foreign-owned SMEs. 6x, driven by M&A activity, consolidations, and higher valuations for larger, more efficient companies. It is based on many discussions and interviews with the top management of leading automotive original equipment manufacturers (OEMs) and an analysis of data from the top 17 (by sales) global OEMs, which comprise 80 percent of global sales. In 2018, 79,763 units were produced by the industry. 2016 Top Markets Report Automotive Parts A Market Assessment Tool for U. The auto industry has a tough task ahead, as even well-designed and executed plans can be undermined by geopolitical, climate and economic events that are beyond your control. Recognized nationwide, this shift promises enhanced fuel efficiency, better performance, and a more sustainable automotive future. In terms of the structure of the industry, the manufacturing market for auto parts has been exhibiting a dynamic The Automotive Parts Market is expected to reach USD 111. The Automotive Supplier Index market is currently trading at 7. 0% from 2020 to 2027. AUTO PARTS | LOCAL INDUSTRY Overview Localization Levels Passenger Cars & LCVs 50-60% Trucks/Buses ~30% Tractors ~85% Motorcycles ~90% • Pakistan’sdomestic auto parts and accessories industry has an approximate size of USD~2,920mln (PKR~460bln) in FY20 as compared to USD~3,056mln (PKR~417bln) in FY19. The Auto Parts industry has a total of 52 stocks, with a combined market cap of $142. 5% to $41. Production activity has grown significantly as a result, with 15. Example: Conduct market research to identify niche demands and introduce new product lines accordingly. automotive industry by sector 2010-2022 239 comprehensive market analysis studies and industry reports on the Auto Parts sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. There are many aspects that must be considered and planned, especially programs in the automotive industry that is associated with human vital factors are not structured. 5 billion over the five years to 2025, while the national industry will likely grow at a rate of x. 03 % . Let's summarise whatever we have done so far. The global automotive industry includes vehicle original equipment manufacturers (OEM), automotive component manufacturers, aftermarket parts manufacturers, dealers and retailers. 57 billion in 2024 and is expected to reach USD 1195. The research aims to provide a comprehensive evaluation of key performance indicators, business strategies, manufacturing processes, and etc. Apr 9, 2020 · The Philippine automotive industry consists of three major markets: motor vehicles, motor vehicle parts, and component manufacturing. 98 Bn by 2032, expanding at a CAGR of 2. Your business needs to be not only resilient but grow amid external pressures. Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Denso Corporation and Hyundai Mobis Co. 1% from 2024 to 2032. In particular, its automotive manufacturing industry accounted for between 90% and 95% of national automotive manufacturing GDP. 25 billion by 2030. In 2024, India produced 100,000 electric cars and 900,000 electric two wheelers. Design Phase. 9% manufacturing and 2% retail). 8% during 2023-2028. Auto Parts Manufacturing in the US industry analysis. Expert industry market research on the Global Car & Automobile Manufacturing (2014-2029). Has the Auto Parts Manufacturing in the US grown or declined over the past 5 years? As volatility has become the norm for the automotive industry, it has upended traditional profit margin dynamics. Engine and drive train components are mainly replaced with automotive parts after manufacturing in the end-of-life vehicles, which is expected to boost the market growth of Europe automotive parts remanufacturing market. The main factors affecting the quality change of China’s auto parts manufacturing industry also include production cost. This includes a detailed market research of 1904 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis Auto Parts Manufacturing in Alabama - current trends and industry outlook (2020-2030) The Auto Parts Manufacturing industry in Alabama is expected to grow an annualized x. Bureau of Labor Statistics, the automotive parts manufacturing industry employed over 600,000 people in the United States as of 2020, with a projected growth rate of 4% between 2020 and 2030. org and www. The sales of used cars is majorly increasing in many countries of Europe such as the U. x% during the same period. COMPETITIVE LANDSCAPE Auto Parts and Accessories Market Analysis and Size. The major costs for producing and selling automobiles include: Average salary in the automotive manufacturing industry in Mexico as of December 2024, by selected position (in Mexican pesos) Premium Statistic Mexico: FDI in the automotive industry 2009-2023 Statistics for the 2025 Automotive 3D Printing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. The Europe auto parts manufacturing market size is projected to grow at a CAGR of 2. This includes a detailed market research of 1904 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis Nov 6, 2024 · Auto Parts Manufacturing in New York - current trends and industry outlook (2019-2029) The Auto Parts Manufacturing in industry in New York is expected to grow an annualized x. Jan 6, 2025 · Many auto parts manufacturers faced disruptions in their supply chains due to factory shutdowns, restrictions on movement, and reduced workforce during the pandemic. The summary explains, “The auto manufacturing industry is considered to be highly capital and labor intensive. 3% CAGR, reaching $912. Jun 25, 2024 · Auto parts industry statistics. 4 billion in 2019 and is expected to register a CAGR of 4. Automobile Manufacturing in China industry analysis Revenue for the Automobile Manufacturing industry is expected to increase by a CAGR of 1. These parts include air bags, air conditioners, catalytic converters, engine exhaust systems, mufflers and resonators, radiators, radiator cores and wheels. Indian automotive industry (including component manufacturing) is expected to reach between Rs. 5% from 2025 to 2030 About the industry. The largest manufacturing sector in Japan, which is dominated by the automotive industry, accounts for 89% of the country's total manufacturing output, and auto components suppliers have become a significant contributor to the country's economy by diversifying into sectors like chemicals and rubber. This in-depth research offers a perspective on where the automotive industry is headed. 6% gain relative to 2022 and only 3. Photo by carlos aranda Automotive Industry Analysis: Final Word. Globally, auto sales in 2024 are forecast to grow modestly compared to 2023. Mahindra & Mahindra Ltd, Tata Motors Limited, Honda Cars India Ltd (Honda Motor Company), Maruti Suzuki India Ltd. TECHNICAL ANALYSIS IS A PART OF FEASIBILITY STUDY This stage allows us to examine an even wider range of parameters for a given product. This includes a detailed market research of 5522 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis Mar 7, 2023 · Dublin, March 07, 2023 (GLOBE NEWSWIRE) -- The "Auto Parts Manufacturing Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and 301 comprehensive market analysis studies and industry reports on the Auto Parts sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. 26% between 2025 and 2034, reaching USD 122. All parties work together to determine part requirements, design and test using CAD software. 4-282. 5 billion through the current period, including a 0. x% to /$7 billion over the five years to 2025, while the national industry will likely grow at a rate of x. 78 billion in 2022. The automotive industry consists of several companies that are involved in the process of designing, manufacturing, and retailing automobiles. In an overview of the automotive industry, Investopedia outlines the various components that make up the industry. Industry forecasters expect the market to see a compound annual growth Expert industry market research on the Global Auto Parts & Accessories Manufacturing (2014-2029). 61 % and Revenue by -5. >> Comprehensive Market Analysis: The report provides a comprehensive analysis of the Automotive Parts Manufacturing Market, covering key aspects such as market size, growth trends, drivers Dec 31, 2024 · The contribution to Canada’s GDP from the whole automotive industry is more than $19 billion, with the vehicle and parts manufacturing contributing most of it at $16 billion. 2023 Vehicle Parts Manufacturing Industry on the United States (February 2021), more information at www. Ensuring your business is properly licensed and compliant with industry regulations will not only protect you from legal and Jul 4, 2022 · Make sure to check out our complete SWOT analysis of the automotive industry. Sep 26, 2024 · 2 McKinsey: Corporate business building to unlock value in automotive… 3 TeslaRati: BYD announces $14B investment in smart car technology 4 ZDNet: Connected cars, powered by AI, will make up 95%… 5 AutomotiveTechnology: Manufacturing Innovations in the Automotive Industry 6 Builtin: 28 Self-Driving Car Companies You Should Know India’s automobile industry. Despite a slowdown in growth, sales volumes in 2024 are expected to surpass 92 million units and reach the highest levels since 2018. The Analysis Of Automobile Industry In India is expected to reach USD 137. 86 Bn in 2023 and is to reach USD 2817. May 28, 2021 · PDF | On May 28, 2021, Shubham Patil published INDUSTRY ANALYSIS REPORT - AUTOMOTIVE INDUSTRY IN UK | Find, read and cite all the research you need on ResearchGate Jan 16, 2024 · IMARC Group has recently released a new research study titled “Auto Parts Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the global market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. In Europe, the automotive parts industry is estimated to be worth around $250 billion annually, with Germany, France, and the UK the three biggest markets. exported $142 billion worth of vehicles and parts in 2018, with motor vehicles accounting for $53. 2023 A second major change in the auto parts industry involves scale of production. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. In the case of automotive parts, we are talking about mechanical, thermal (relating to cooling, among other things) and electrical properties. This includes a detailed market research of 1904 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis As a result, India developed expertise in automobiles and auto components, which helped boost international demand for Indian automobiles and auto components. For two decades leading up to 2019, automotive suppliers’ EBIT margins were on average 1 to 2 percentage points higher than those of original equipment manufacturers (OEMs). This includes a detailed market research of 1904 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis Premium Statistic Motor vehicle and parts manufacturing gross output in U. Jan 1, 2005 · See our full analysis of the Global Automobile Engine & Parts Manufacturing to understand if the industry market size is expected to grow or decline over the next five years. This industry holds great significance since it has a vast customer base. Mar 15, 2023 · IMARC Group has recently released a new research study titled “Auto Parts Manufacturing Industry: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global auto parts manufacturing market size reached US$ 2,138 Billion in 2022. Auto Parts Market size is estimated to grow by USD 367. org. 65 % below Industry's average Pre-Tax Margin. Aided by the rapidly evolving automotive sector, technological advancements, and a surge in vehicle production, the market is projected to further grow at a CAGR of 6. 24 billion in 2023 and is expected to grow at a CAGR of 3. 91 billion by 2034. Jun 17, 2021 · It is equally important to estimate whether manufacturing of a given component is possible at all. S. 4 %öäüß 1 0 obj /Type /Catalog /Version /1. The Auto Parts Manufacturing Market size was valued at approximately USD 701. Nov 6, 2024 · Auto Parts Manufacturing in Alberta - current trends and industry outlook (2020-2030) The Auto Parts Manufacturing industry in Alberta is expected to grow an annualized x. Expert industry market research on the Auto Parts Remanufacturing in the US (2014-2029). Automotive Industry Revenue. Therefore, managerial and engineering techniques should be used to solve the existing problems. 12 billion by 2030. ) . 5% jump in 2024, where profit reached 8. mema. Looking forward, IMARC Group expects the market to reach US$ 2,523 Billion by Apr 18, 2024 · Automobile manufacturing is a big industry in the United States, with a 2023 market size of over $104 billion[1] in revenue. By Megan Ruggles • Dec. 7 billion in 2024 and is projected to expand at a CAGR of 3. Competitive Analysis: Jan 1, 2005 · See our full analysis of the Auto Parts Manufacturing in the US to understand if the industry market size is expected to grow or decline over the next five years. 88 %, while Pre-Tax Margin fell to 5. How will these changes impact production, the parts manufacturing industry, and the automotive manufacturing labour force? This report looks at existing research on how the shift from ICE to EV has and will change the supply chain in Canada and other countries and how available data and approaches can be Jan 17, 2025 · Where Michigan stands as an auto hub in the electrification era The state’s reputation as the heart of the auto industry offers a solid foundation for the transition to EVs. Auto Parts Manufacturing in China industry analysis. Globally, in 2023, the value of the auto parts manufacturing market was over $700 billion. 42. In 2019, the sales volume of automobiles, especially passenger vehicles, declined dramatically. Jan 6, 2025 · The global automotive remanufacturing market size was valued at USD 60. Nov 27, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Following Hidalgo et al. This includes a detailed market research of 1904 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis Jan 1, 2005 · See our full analysis of the Global Auto Parts & Accessories Manufacturing to understand if the industry market size is expected to grow or decline over the next five years. Most domestic industries still adopt the step-by-step production Expert industry market research on the Motor Vehicle Parts and Accessories Manufacturing in Australia (2014-2029). Has the Global Automobile Engine & Parts Manufacturing grown or declined over the past 5 years? This SWOT analysis template is designed to be ready-made, featuring all the essential components needed for a thorough analysis. Automobile engine and part manufacturers are tethered to global car production, leaving companies vulnerable to a myriad of macroeconomic and political factors that impact the automotive sector in the aggregate, most notably the pandemic. 276 comprehensive market analysis studies and industry reports on the Auto Parts sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. Multi-Industry Contribution Analysis Automotive manufacturing is a critical industry in the United States. 20% to reach USD 203. 8% during 2024–2032. 49 billion in 2023 to USD 126. 87 billion, total revenue of $240. Has the Global Auto Parts & Accessories Manufacturing grown or declined over the past 5 years? May 15, 2024 · The cost analysis of auto parts plays a critical role in shaping the future of the automotive manufacturing industry. In Asia, the automotive parts industry is estimated to be worth around $350 billion annually, with China, Japan, and India the three biggest markets. Easy availability of raw supplies and materials like spare parts, electrical and electronics components, plastic, metal, paint, rubber, nuts, bolts, and many others. The Indian automotive OEM industry is already in a strong position. 18 trillion (US$ 251. Automotive 3D Printing analysis includes a market forecast outlook for 2025 to 2030 and historical overview. 5 billion – more than any other U. Apr 3, 2024 · Looking ahead, the automotive parts industry is expected to continue its growth trajectory. This work (EV) over the upcoming decades. Oct 21, 2024 · Economic expansion in emerging markets worldwide is expected to drive healthy growth in the auto manufacturing sector over the next several years, which should bolster demand for auto parts. This report covers the scope, size, disposition According to the report, the global auto parts manufacturing market reached a value of USD 660. , Jan 6, 2025 · The region's market will continue to experience significant expansion. PDF-1. Despite this success, the U. By understanding the various components, influences, and strategies associated with cost management, manufacturers can make informed decisions to optimize production and enhance profitability. industrial sector. x% to /$2. 239 comprehensive market analysis studies and industry reports on the Auto Parts sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. Automotive Parts Remanufacturing Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030 Report. Changes include the use of new materials and production The global automotive aftermarket size was valued at USD $378. 4 /Pages 2 0 R /StructTreeRoot 3 0 R /MarkInfo 4 0 R /Lang (en) /ViewerPreferences 5 0 R >> endobj 6 0 obj /Creator 470 comprehensive market analysis studies and industry reports on the Auto Parts sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. The Asia Pacific region is expected to be the fastest growing market for Auto Parts Manufacturing by 2030. Total automotive exports and imports (includes vehicles, OE components and aftermarket parts) In 2022, the broader automotive industry’s contribution to the gross domestic product (GDP) comprised 4. 6% per year on average over the five years between 2018 and 2023. The growth of this market is attributed to the growing automobile production in emerging economies, increasing sales of vehicles, and increasing government initiatives in the automotive industry Jan 30, 2024 · Date Source: Above figures are unofficial estimates obtained from industry sources. Indian automobile sector recorded an inflow of huge investments from domestic and foreign manufacturers. This includes engines, electronics, lighting, safety equipment, and navigation systems for boats, yachts, and other watercraft. While the industry faces challenges such as reaching cost parity for EVs and developing charging infrastructure, it also stands on the brink of transformative changes. Additive manufacturing has popular name that is called 3D printing technology. are the major companies operating in this market. 9% during the forecast period. Automobile engine and parts manufacturers struggled during the pandemic. Sales revenue from the downstream automobile manufacturing industry has declined since 2018, and revenue growth in the Auto Parts Manufacturing industry has been slow. AUTOMOTIVE AFTERMARKET INDUSTRY ANALYSIS–2024 Technological advancements have revolutionized the automotive industry, particularly in auto parts manufacturing. 6 billion by 2034. United States Auto Parts and Accessories Market Size, Share, Growth Analysis, Opportunity & Forecast Report, 2019–2030, By Product (Engine Parts, Electrical Parts, Drive & Transmission, Steering Parts, Suspension & Braking Parts, Equipment, Others (Interior & Exterior Accessories)); By Vehicle Type; By Sales Channel (OEMs (Original Equipment Manufacturers), Aftermarket); By End User Operators in the Auto Parts Manufacturing industry in Canada manufacture and rebuild a wide variety of motor vehicle parts and accessories. (Suzuki Motor Corporation) and Bajaj Auto Limited are the major companies operating in this market. This includes a detailed market research of 1904 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis 108 comprehensive market analysis studies and industry reports on the Automotive sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. Feb 13, 2024 · IMARC Group, a leading market research company, has recently released a report titled "Auto Parts Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024 Automotive Parts Market Size & Forecast. 87B. x% to /$958. 7%. This includes a detailed market research of 1904 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis Jan 6, 2025 · AUTO PARTS MANUFACTURING MARKET OVERVIEW. Nov 19, 2019 · In 3 rd revolution industry, additive manufacturing has a role in term manufacturing process for creating a part. This includes a detailed market research of 1904 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis 237 comprehensive market analysis studies and industry reports on the Auto Parts sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. 42 billion by 2030, exhibiting a CAGR of 9. Globally, it is at the forefront of many segments—leading in two-wheelers, segment A cars, and tractors. According to IMARC Group, the global auto parts manufacturing market is projected to reach a value of US$ 2,523 billion by 2028, expanding at a CAGR of 2. 238 comprehensive market analysis studies and industry reports on the Auto Parts sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. Sep 4, 2024 · Expansion of Product Lines: Diversifying product offerings to include niche auto parts, performance upgrades, or eco-friendly alternatives. 3 million over the five years to 2024, while the national industry will likely grow at a rate of x. As one of the top automotive parts manufacturing companies in the USA, we pride ourselves on providing high-quality and reliable products that exceed industry standards. Revenue for automobile engine and parts manufacturers has dropped at an expected CAGR of 1. 53 billion in 2025 and grow at a CAGR of 4. See full list on expertmarketresearch. 8% in 2022. The primary goal of the acquisition is to exploit Pacific's expertise in e-commerce part listing and sales. 6 billion from 2025 to 2029 at a CAGR of 3. Nov 10, 2024 · The automobile industry is highly complex and plays a vital role—along with related industries—in the Japanese economy (Hidalgo and Hausmann, 2009; Hausmann et al. 8 billion) by 2026. The average size of an auto parts manufacturing facility, at least in terms of employment, may have fallen by almost 40 percent. autocare. 9% to end up at US$ 666. 2012-2022 Premium Statistic Number of employees in U. , 2014). 2% with the lease having the largest market size. On the trailing twelve months basis Pre-Tax Margin in 3 Q 2024 grew to 5. This includes a detailed market research of 1904 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis 76 comprehensive market analysis studies and industry reports on the Auto Parts sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. Automobiles give people the opportunity to live, work and travel in ways that were unimaginable a few decades ago. Auto parts manufacturers build miscellaneous parts and equipment, including exhaust systems, airbags, heating, ventilation, air conditioning systems (HVAC) and filtration devices. Global Automobile Engine & Parts Manufacturing industry analysis. In the automotive sector, this is particularly important – a feasibility study should be carried out even before moving on to technical analysis of the manufactured parts. 3% from 2025 to 2032. A standout trend is the rising adoption of lightweight materials in auto component production. Auto Parts Manufacturing in Wisconsin - current trends and industry outlook (2019-2029) The Auto Parts Manufacturing industry in Wisconsin is expected to grow an annualized x. 0 billion. com IMARC Group provides an analysis of the key trends in each segment of the global auto parts manufacturing market report, along with forecasts at the global, regional and country level from 2025-2033. 6 million vehicles produced in North America last year – a 9. Jun 26, 2024 · The automotive industry in the Philippines consists of motor vehicle assembly, importation and distribution, rebuilding, and the manufacturing of parts and components. The US auto parts manufacturing industry consists of about 5,000 companies with combined annual revenue of about $300 billion. Dec 4, 2024 · According to the latest report by IMARC Group, titled "Auto Parts Manufacturing Market Report by Component Type (Battery, Cooling System, Underbody Components, Engine Components, Automotive Filter, Lighting Components, Electrical Components, and Others), Sales Channel (OEM, Aftermarket), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Others), and Region 17 comprehensive market analysis studies and industry reports on the Automotive sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. Finally, we are now done with our automotive industry analysis. The increased focus on innovation in automotive parts, which is driving up demand for SLI batteries, as well as the rising demand for filters from diesel engine vehicles, continues to have an effect on the attitudes of manufacturers. 24 billion in 2022. x% to /$700. Exporters U. spare parts for the automotive industry to serve the growing production need of locally assembled automobiles. Get a sample of this industry analysis as a free report PDF download. This includes a detailed market research of 5519 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis Nov 27, 2024 · SWOT Analysis Automotive Sector for Companies to Enhance the Economy Strength. There are many suppliers available in the automobile industry and often they are small and very few of them are large. Key Takeaways: Eurostat's report states that in 2022, the EU had about 253 million registered passenger cars. GDP each year between 1997 and 2017. 53 comprehensive market analysis studies and industry reports on the Auto Parts sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. Our expertise in manufacturing auto parts covers everything from car parts, automotive electronics, interior parts, to plastic parts, among others. Asia Pacific is a manufacturing hub, with low production costs, a competent workforce, and a robust supply chain ecosystem. This led to delays in production and delivery of auto part, causing a shortage in the market. 3, 2024 8 comprehensive market analysis studies and industry reports on the Auto Parts sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. 7% in 2023 alone, to total $763. There are five passenger car assemblers and 22 commercial vehicle assemblers in the country with a combined capacity of 150,000 units per year. The automotive industry stands at a pivotal point, facing both significant challenges and unprecedented opportunities. 2 billion over the five years to 2024, while the national industry will likely grow at a rate of x. In this regard, the process failure mode and effects Oct 16, 2019 · The global auto parts manufacturing market size was USD 2197. automotive industry, which currently exports one in every five vehicles produced 4. 73 billion in 2024 and is projected to grow at a CAGR of 2. Jul 6, 2023 · 1. ’s (2007) approach, the auto parts product space visually represents the productive structure of the Japanese automobile industry. The North America automotive aftermarket industry size was estimated at USD 108. 26% between 2023 and 2028 to reach a value of USD 939. MR reveals that the global auto parts manufacturing market size is poised to reach US$ 454. You can easily adapt each section to fit your specific business model and unique circumstances in the automotive parts manufacturing industry. A recent analysis by Fact. The market is projected to grow from USD 65. Department of Commerce | International Trade Administration | Industry & Analysis (I&A) April 2016 Industry & Analysis’ (I&A) staff of industry, trade and economic analysts devise and implement international trade, investment, and export promotion strategies that strengthen the global competitiveness of Apr 19, 2016 · Nowadays, decision-making process is faced with different challenges. 51 billion in 2024. 1 Vehicle production is expected to decline slightly into 2024 due to a faster-than-expected Nov 6, 2024 · Auto Parts Manufacturing in California - current trends and industry outlook (2020-2030) The Auto Parts Manufacturing industry in California is expected to grow an annualized x. Expert industry market research on the Automobile Engine & Parts Manufacturing in Canada (2015-2030). 3 The industry aspires to nearly triple vehicle sales by 2026, from 26 mn to 65 mn to 76 mn The automotive aftermarket is the automotive industry's secondary market, dealing with the manufacturing, remanufacturing, distribution, retailing, and assembly of all vehicle parts, chemicals, equipment, and accessories following the sale of the automobile to the consumer by the original equipment manufacturer (OEM). The automotive industry has emerged from the shadow of the pandemic and its accompanying supply chain disrup-tions which weighed on the industry for over two years. Market Cap 142. Auto Parts Manufacturing The Automobile industry comprises of assembly and manufacturing units for production of cars (3 units; 1 in Lahore, 2 in Karachi), tractors (8 units), trucks/buses (10 units), jeeps (2 units), Auto & Truck Parts Industry experienced contraction in Pre-Tax Income by -17. Automobile engine & parts manufacturing market is valued at $410. The market is expected to grow at a CAGR of 2. 06 billion in 2025 and grow at a CAGR of 8. 180 Pages ; April 2023 The North American Auto Parts Manufacturing market accounted for a revenue share of 28. The global automotive aftermarket industry size was estimated at USD 448. The OEM segment accounted for a revenue share of 55. Automotive parts manufacturing begins with design, which involves determining requirements, CAD design, and design process planning. Opportunities in the Auto Parts Industry. Expert industry market research on the Auto Parts Manufacturing in Mexico (2009-2024). This includes a detailed market research of 5519 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis 57 comprehensive market analysis studies and industry reports on the Auto Parts sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. Evolving industry: The automobile industry is a highly growing industry, continuously contributing to growth and development. K. 9x as of July 2024, above its 15-year median of 6. So, we started this article by highlighting the significance of the automotive industry. The region's growing middle class, rising disposable incomes, and developing transportation infrastructure all contribute to the growth of the car parts manufacturing industry. 97 bn by 2034. Encompassing automobile and light duty motor vehicle manufacturing, as well as motor vehicle parts manufacturing including motor vehicle electrical and electronic equipment, gasoline engine and engine parts, metal stamping, Expert industry market research on the Automobile & Light Duty Motor Vehicle Manufacturing in the US (2015-2030). 97% between 2025 and 2034. This includes a detailed market research of 1904 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis 160 comprehensive market analysis studies and industry reports on the Automotive sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. Green Initiatives: Addressing the growing demand for environmentally friendly auto parts and accessories. In 2015, Canadian-owned firms Feb 10, 2022 · At present, in China’s automobile manufacturing industry, the main problem is the manufacturing of parts and on-board equipment. 53 comprehensive market analysis studies and industry reports on the Automotive sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. The U. 16. Want a bigger slice of that pie? 4. ojzfst prjkj joig zqxvk rrak lzzeblc eitqe gdylbj ugjw xwukcm