Motor Vehicle Parts Manufacturing Market Global Briefing 2018

Starting Price : $ 1000.00 | Pages : 40 | Published : January 2018

SKU CODE : 2809 | Format :

The motor vehicle parts manufacturing industry comprises companies manufacturing motor vehicle parts including engines. This industry includes companies manufacturing new motor vehicle parts as well as spare parts. This market includes companies manufacturing motor vehicle parts for both original equipment manufacturers and replacement market. The motor vehicle parts manufacturing industry is further classified as follows – i) Motor Vehicle Body, Metal Stamping, & Other Parts Manufacturers, ii) Motor Vehicle Electrical & Electronic Equipment, Steering, Suspension, & Interiors Manufacturing, iii) Motor Vehicle Engine, Power Train, & Parts

The global motor vehicle parts manufacturing market was estimated to be around $2780 billion as of 2017. The global motor vehicle parts manufacturing made up around 34% of the overall transportation manufacturing market in 2017. The motor vehicle parts manufacturing market was the second largest market in the global transportation manufacturing market in 2017.

Growing Focus On Light Weight Vehicle Components
Motor vehicle parts manufacturers are increasingly using light weight vehicle components to improve fuel efficiency. Light weight vehicle components enable motor vehicle manufacturers to reduce the overall weight of the vehicle, thus, lowering the fuel consumption. This improves the fuel efficiency of the vehicle while ensuring safety norms are complied. In this regard, automotive parts manufacturers are using advanced composites and high strength metals for producing motor vehicle parts.  For instance, in February 2015, automotive engineering and consulting company Ricardo and aerospace composite supplier Albany Engineered Composites (AEC) entered into a partnership to provide light weight vehicle components such as composite body, chassis and other structural components to automobile manufacturers. This partnership includes the use of AEC’s technologies such as 3D composites for providing strength and durability required for motor vehicles.

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