NEW YORK, August 22, 2016 /PRNewswire/ --
Increasing Vehicle Production, Rising Sale of Vehicles and Growing Vehicle Exports to fuel Germany Automotive Components Market in the Coming Years
According to TechSci Research report, "Germany Automotive Components Market By Vehicle Type, By Demand Category, By Component Type, Competition Forecast and Opportunities, 2011 - 2021", automotive components market in Germany is forecast to surpass € 51 Billion ($58 Bn) by 2021. In addition to a huge domestic automobile industry, Germany is one of the prominent global exporter of automobiles. With surging demand for automobiles from international markets, the automotive components market in Germany is anticipated to witness growth in the coming years. Moreover, presence of more than 40 automobile assembly and production plants in the country is a huge positive for the country's automotive components market.
Browse 26 market data Tables and 25 Figures spread through 120 Pages and an in-depth TOC on
"Germany Automotive Components Market"
In 2015, South West region dominated the automotive components market in Germany, followed by South East region. Backed by presence of leading automobile manufacturers in the country's South West region, the region's dominance is expected to continue through 2021. With a huge passenger car fleet, automotive components market in Germany is dominated by the passenger car segment. Robert Bosch GmbH is the largest automotive components manufacturer operating in the country. With an advantage of being a domestic manufacturer, strong distribution network across the country, and increasing number of collaboration with major car manufacturers, Robert Bosch is expected to maintain its leadership position in the coming years.
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"Expanding passenger car fleet size, economic stability and favorable government policies are expected to drive growth in Germany automotive components market over the course of next five years. Growing initiatives to make Germany an automotive components hub coupled with continuous government efforts to attract foreign investments into the country are expected to boost Germany automotive components market during the forecast period.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Germany Automotive Components Market By Vehicle Type, By Demand Category, By Component Type, Competition Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of automotive components market and provides statistics and information on market size, consumer behavior and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in automotive components market of Germany.
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