NEW YORK, Oct. 5, 2021 /PRNewswire/ -- The auto parts market is set to grow by $ 299.98 billion from 2021 to 2025, progressing at a CAGR of 2.99%. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The auto parts market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The advanced technology usage in auto parts fabrication, surge in consumer and passenger automobile production, and digitalization of automotive repair and maintenance services will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Auto Parts Market 2021-2025: Segmentation
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Auto Parts Market 2021-2025: Vendor Analysis and Scope To help businesses improve their market position, Technavio's report provides a detailed analysis of vendors operating in the market. Some of the major vendors of the auto parts market include 3M Co., Continental AG, Cooper Tire and Rubber Co., Delphi Technologies Plc, DENSO Corp., General Motors Co., Marelli Holdings Co. Ltd., Robert Bosch GmbH, Tenneco Inc., and ZF Friedrichshafen AG.
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist auto parts market growth during the next five years
Estimation of the auto parts market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the auto parts market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of auto parts market vendors
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Auto Parts Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 2.99%
Market growth 2021-2025
$ 299.98 billion
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
APAC at 60%
Key consumer countries
US, China, Germany, Japan, and South Korea (Republic of Korea)
Leading companies, competitive strategies, consumer engagement scope
3M Co., Continental AG, Cooper Tire and Rubber Co., Delphi Technologies Plc, DENSO Corp., General Motors Co., Marelli Holdings Co. Ltd., Robert Bosch GmbH, Tenneco Inc., and ZF Friedrichshafen AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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