15 October 2018: The Global Automotive
Components Market size is a highly diversified sector that
involves engine and auto component manufacturers; including aftermarket parts
manufacturers, suppliers, dealers, and retailers. The term automotive was
created from Greek autos (self) and Latin motivus (of motion) to represent any
form of self-powered vehicle. The automotive industry comprises a wide range of
companies and organizations involved in the design, development, manufacturing,
marketing, and selling of motor vehicles.
The key factors driving the growth of the automotive components
industry include growing complexities and demand with respect to automobile
industry, growing importance of suppliers and their recognition as partners,
and increase in opportunities for turnkey suppliers. However, the expansion
of the industry is clipped off by higher competitiveness of tier 1 supplier
over tier 2 and tier 3 suppliers along with emergence of tier 1.5 suppliers.
Browse Detail TOC of Automotive
Components Market Research Report at:
https://www.millioninsights.com/industry-reports/automotive-components-market
The automotive components
industry accounts for a significant share of the total production of the
manufacturing industry. The industry is very diverse; covering goods used to
supply Original Equipment Manufacturers (OEMs), also known as automakers and
supplying the aftermarket or used car replacement.
https://www.millioninsights.com/industry-reports/automotive-components-market
The manufacturing of automotive
components is gradually shifting toward Asian countries such as China, India
and others because of higher market potential and the low-cost manufacturing
options available. In China and India, OEMs are focused on helping the
suppliers improve and grow their businesses. Strong growth in the industry has
attracted a pool of companies, including major foreign companies, to operate in
China’s automotive components market.
The growing importance of
electronics and functional integration of green components and sustainable
products will drive growth in the industry. The key target audience for
automotive components market are manufacturers of automotive components,
experts from the automotive industry, and raw material suppliers for automotive
components, dealers and distributors of automotive components, automotive OEMs,
the automobile industry and related end-user industries. The automotive
components market is segmented on the basis of product type, vehicle type and
geography.
On the basis of product type, the
automotive components market is segmented into autonomous driving, electrical/
electronics, chassis, exterior, HMI, infotainment, interior, powertrain,
thermal and so on. On the basis of vehicle type, the automotive components
market is segmented into passenger cars (PC), commercial vehicles (CV) and so
on. On the basis of geography, the automotive components market is segmented
into North America, Asia Pacific, Europe, Latin America and Middle East &
Africa.
Request Free Sample
Copy of Automotive Components Market Research Report at:
https://www.millioninsights.com/industry-reports/automotive-components-market/request-sample
https://www.millioninsights.com/industry-reports/automotive-components-market/request-sample
The North America region is the
largest automotive components industry, closely followed by the Asia Pacific
region, in terms of value. The growing end-use industries are driving the
demand for automotive components in the Asia Pacific region. The key players of
automotive components industry are BMW, Volkswagen Group, Toyota, Hyundai,
General Motors, Tesla, Renault, Tata (incl. JLR), Nissan, Ford, Honda, Daimler,
Chery, FCA, Mitsubishi, Avtovaz, Suzuki, Mahindra Group, BAIC and SAIC.
No comments:
Post a Comment