이 보고서는 주요 5개 지역의 자동차 부품 시장을 상세하게 분석하여, 현재 시장 동향, 시장 규모, 시장 점유율, 최근 동향, 2031년까지의 예측 등을 정리하여 전해드립니다.
자동차 부품 시장은 2024-2031년간 연평균 복합 성장률(CAGR) 4.3%로 2031년까지 8,242억 달러에 달할 것으로 예상됩니다.
자동차 부품 시장의 성장을 이끄는 요인은 신흥국의 자동차 생산 확대, 자동차 판매 증가, 자동차 산업을 위한 정부의 적극적인 지원책입니다. 그러나 원자재 가격 및 가용성 변동, 각 지역의 엄격한 규제 및 표준으로 인해 시장 성장이 제한되고 있습니다.
또한, 전기차와 하이브리드 자동차에 대한 수요 증가, 기술 발전, 자동차 산업에서 커넥티드 디바이스의 채택 증가는 이 시장의 이해관계자들에게 성장 기회를 제공할 것으로 예상됩니다. 그러나 공급망 혼란은 자동차 부품 시장의 성장에 영향을 미치는 큰 과제입니다.
Automotive Parts Market by Product Type (Engine Parts, Suspension & Braking Parts, Electrical & Electronic Parts), Distribution Channel, Vehicle Type (Passenger Cars, Two-Wheelers), and Geography-Global Forecast to 2031.
The research report titled, 'Automotive Parts Market by Product Type (Engine Parts, Suspension & Braking Parts, Electrical & Electronic Parts), Distribution Channel, Vehicle Type (Passenger Cars, Two-Wheelers), and Geography-Global Forecast to 2031,' provides an in-depth analysis of automotive parts market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The automotive parts market is projected to reach $824.2 billion by 2031, at a CAGR of 4.3% from 2024 to 2031.
The growth of the automotive parts market is driven by the growing automobile production in emerging economies, increasing sales of vehicles, and increasing government initiatives in the automotive industry. However, fluctuations in raw material prices and availability and stringent regulations & standards across different regions restrain the growth of this market.
Furthermore, the growing demand for electric and hybrid vehicles, technological advancements, and the rising adoption of connected devices in the automotive industry are expected to generate growth opportunities for the stakeholders in this market. However, disruptions in the supply chain is a major challenge impacting the growth of the automotive parts market.
The automotive parts market is segmented by product type (engine parts (pistons and piston rings, engine valves and parts, fuel-injection systems and carburetors, cooling systems and parts, power train components, pulleys & belts, oil & other filters), drive transmission & steering parts (gears, wheels, steering systems, axles, clutches), body chassis, suspension & braking parts (brake and brake assemblies, brake linings, shock absorbers, leaf springs), equipment (headlights, halogen bulbs, wiper motors, dashboard instruments, other panel instruments), electrical & electronic parts (starter motors, spark plugs, electric ignition systems (EIS), flywheel magnetos, other equipment), other product types), distribution channel (OEMs, aftermarket (online, offline)), vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles, two-wheelers, three-wheelers). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on product type, the automotive parts market is segmented into engine parts, drive transmission & steering parts, body chassis, suspension & braking parts, equipment, electrical & electronic parts, and other product types. In 2024, the engine parts segment is expected to account for the largest share of above 26% of the automotive parts market. The large market share of this segment is attributed to the increasing production of vehicles, the growing demand for electric vehicles, and the increasing demand for engine parts in the aftermarket. In May 2024, MAHLE GmbH (Germany) signed a Memorandum of Understanding (MoU) with Clean Air Power (U.K.) to develop solutions for zero-carbon internal combustion engines for heavy-duty applications.
However, the electrical & electronic parts segment is projected to register the highest CAGR during the forecast period. The segment's growth is attributed to increasing demand for electronics compared to traditional gasoline vehicles, growing trend of internet connectivity in vehicles, and increasing electrification, automation, and focus on advanced features in cars. In April 2024, ZF Friedrichshafen AG (Germany) launched the Electronic Brake Booster (EBB), a part of the braking system for electric cars.
Based on distribution channel, the automotive parts market is segmented into OEMs and aftermarket. In 2024, the OEMs segment is expected to account for the larger share of above 74% of the automotive parts market. The large market share of this segment is attributed to the growing adoption of advanced technologies in vehicles and increasing consumer preference for O.E.M. parts as it offers a warranty, providing consumers with added assurance and protection. In January 2024, Rane Holdings Limited. (India), a manufacturer of steering & suspension products and light metal casting components, opened a new facility for manufacturing steering and suspension parts for passenger vehicle applications in Aguascalientes, Mexico. Moreover, this segment is also projected to register the highest CAGR during the forecast period.
Based on vehicle type, the automotive parts market is segmented into passenger cars, light commercial vehicles, heavy commercial vehicles, two-wheelers, and three-wheelers. In 2024, the two-wheelers segment is expected to account for the largest share of above 62% of the automotive parts market. The large market share of this segment is attributed to the increasing disposable income of consumers, urbanization and traffic congestion, and growing environmental concerns. In September 2024, Qualcomm Technologies, Inc. (U.S.) launched the Snapdragon Digital Chassis solution to deliver enhanced safety, infotainment, cloud-connected digital services, personalization, and convenience for a wide range of 2-wheelers such as motorcycles, scooters, and e-bikes. Moreover, this segment is also projected to register the highest CAGR during the forecast period.
Based on geography, the automotive parts market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the automotive parts market. The market growth in Asia-Pacific is driven by the increasing vehicle production in the region, increasing demand for electric vehicles in the region, and increasing consumer preferences for SUVs in China and India. In April 2021, MAHLE GmbH (Germany) launched its new Electronics and Mechatronics Development center in Changshu, China. The company aimed to develop solutions for alternative drives and further expand the company's systems expertise in electric powertrains, electronics, and mechatronics. Moreover, this region is also projected to record the highest CAGR of above 5.6% during the forecast period.
The key players operating in the automotive parts market are Robert Bosch GmbH (Germany), DENSO Corporation (Japan), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Magna International Inc. (Canada), Hyundai Motor Group (South Korea), Aisin Corporation (Japan), Lear Corporation (U.S.), Yazaki Group (Japan), Valeo (France), Sumitomo Electric Industries, Ltd. (Japan), FORVIA Faurecia (France), Marelli Aftermarket Italy S.p.A.(Italy), Schaeffler Technologies AG & Co. KG (Germany), and BorgWarner, Inc. (U.S.).
Automotive Parts Market Assessment-by Product Type
Automotive Parts Market Assessment-by Distribution Channel
Automotive Parts Market Assessment-by Vehicle Type
Automotive Parts Market Assessment-by Geography