Motor Vehicle Parts Global Market Report 2023– By Motor Vehicle Parts Global Market Report 2023– By Type (Motor Vehicle Body, Stamped Metal & Other Parts, Motor Vehicle Engine, Power Train & Parts, Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors), By Application (Passenger Vehicle, Commercial Vehicle), By End Use (OEM, Aftermarket) – Market Size, Trends, And Global Forecast 2023-2032 ...(expand)

Motor vehicle part refers to any component that is typically fixed, glued, or otherwise attached to or a part of a vehicle, including the vehicle frame. It also comprises fragments of any such component. For further insights on the motor vehicle parts market, request a sample here

The motor vehicle parts market growth is aided by advances in technology. However, some motor vehicle parts market restraints include the COVID-19 outbreak as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. For further insights on the motor vehicle parts market, request a sample here

The motor vehicle parts market is expected to reach $3,265.68 billion in 2016 at a rate of 6.7%. For further insights on the motor vehicle parts market, request a sample here

The global motor vehicle parts market is segmented as
1) By Type: Motor Vehicle Body, Stamped Metal & Other Parts, Motor Vehicle Engine, Power Train & Parts, Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors
2) By Application: Passenger Vehicle, Commercial Vehicle
3) By End Use: OEM, Aftermarket
Subegments Covered: Motor Vehicle Body, Stamped Metal, Other Parts, Vehicle Engine And Engine Parts, Power Train And Power Train Parts, Motor Vehicle Electrical and Electronic Equipment, Motor Vehicle Steering and Suspension Components (except Spring), Motor Vehicle Seating and Interior Trim
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Asia-Pacific was the largest region in the motor vehicle parts market in 2022. For detailed insights on the largest region's market size and growth rate, request a sample here request a sample here.

Key competitors in the motor vehicle parts market are, EXOR Group, Denso Corp, General Motors Co, Robert Bosch GmbH, Aisin Seiki Co ltd, Continental AG, Fiat Chrysler Automobiles NV, Magna International Inc, Toyoto Motor Corp, SAIC Motor Co ltd. For further insights on the motor vehicle parts market, request a sample here.

Major trends influencing the motor vehicle parts market include rapidly increasing demand for electric vehicles. Engines of electric vehicles are less complicated than their gasoline counterparts, thus requiring fewer replacement parts over the lifetime of a car. Electrification of cars also means that components such as air-conditioning units, water pumps, brakes, and steering systems will need to be adapted and designed to meet the requirements of electric cars. Since electric vehicles are manufactured with one-third the number of internal combustion engine (ICE) cars' components, less collaboration will be required between an automaker and parts suppliers. This will decrease vehicle-to-component calibration, thus allowing parts suppliers to develop products with more autonomy. For further insights on the motor vehicle parts, request a sample here.

For detailed insights on the major opportunities and strategies in the motor vehicle parts market, request a sample here.

For detailed insights on motor vehicle parts market's relation to the overall economy and other similar markets, request a sample here.

For detailed insights on the mergers and acquisitions in the motor vehicle parts industry, request a sample here.

For detailed insights on the key dynamics influencing the motor vehicle parts market growth and SWOT analysis of the motor vehicle parts industry, request a sample here.