Global Motor Vehicle Electrical and Electronic Equipment Market

The motor vehicle electrical & electronic equipment, steering, suspension, and interiors market consists of sales of motor vehicle electrical & electronic equipment, steering, suspension, and interiors, and related services by entities (organizations, sole traders, and partnerships) that produce and/or rebuild electrical and electronic equipment for motor vehicles and internal combustion engines, motor vehicle steering mechanisms and suspension components, or motor vehicle seating, seats, seat frames, seat belts, and interior trimmings. The main types in the motor vehicle electrical and electronic equipment, steering, suspension, and interior market are motor vehicle electrical and electronic equipment, motor vehicle steering and suspension components (except springs), motor vehicle seating, and interior trim. The motor vehicle's electrical and electronic equipment refers to the electronic equipment parts of the motor vehicle. The various applications include passenger vehicles and commercial vehicles. These are used in OEMs and aftermarkets. The motor vehicle electrical & electronic equipment, steering, suspension, & interiors market research report is one of a series of new reports from The Business Research Company that provides motor vehicle electrical & electronic equipment, steering, suspension, & interiors industry global market size, regional shares, competitors with a motor vehicle electrical & electronic equipment, steering, suspension, & interiors market share, detailed motor vehicle electrical & electronic equipment, steering, suspension, & interiors market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle electrical & electronic equipment, steering, suspension, & interiors industry. This motor vehicle electrical and electronic equipment, steering, suspension, and interiors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global motor vehicle electrical & electronic equipment, steering suspension, & interiors market grew from $407.12 billion in 2021 to $446.08 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The motor vehicle electrical & electronic equipment, steering suspension, & interiors market is expected to grow to $612.5 billion in 2016 at a CAGR of 8.2%. Advances in technology are expected to be a continued driver of motor vehicle electrical and electronic equipment, steering suspension, and interior market growth in the forecast period. The global transport manufacturing industry has experienced many technological advances in the last decade, and this trend is expected to intensify. According to Forbes, the ten new features to expect in vehicles by 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalised in-car marketing, and reconfigurable body panels. These innovations are expected to drive the motor vehicle electrical and electronic equipment, steering suspension, and interior market during the forecast period. The outbreak of coronavirus disease (COVID-19) has acted as a massive restraint on the motor vehicle electrical and electronic equipment, steering suspension, and interiors markets in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle electrical & electronic equipment, steering suspension& interiors market will recover from the shock across the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. The demand for electric vehicles is increasing rapidly, and this is expected to disrupt the automotive value chain. 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 the automaker and parts suppliers. This will decrease vehicle-to-component calibration, thus allowing parts suppliers to develop products with more autonomy. According to an EY report, the electric vehicle transformation in India may have an impact on existing automobile spare part sales because EVs have 20 moving parts while vehicles with internal combustion engines have around 200 spare parts. Major companies in the motor vehicle electrical & electronic equipment, steering, suspension, & interiors market include Denso Corp, Fiat Chrysler Automobiles NV, SAIC Motor Co ltd, Adient plc, Peugeot, Toyota Boshoku Corporation, Continental AG, Aptiv plc, Magna International Inc, and Valeo SA. Asia Pacific was the largest region in the motor vehicle electrical & electronic equipment, steering, suspension, & interiors market in 2021. North America was the second largest market in motor vehicle electrical & electronic equipment, steering, suspension, & interiors market. The regions covered in the motor vehicle electrical & electronic equipment, steering, suspension, & interiors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in motor vehicle electrical & electronic equipment, steering, suspension, & interiors market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global motor vehicle electrical and electronic equipment steering suspension and interiors market is segmented - 1) By Type: Motor Vehicle Electrical and Electronic Equipment, Motor Vehicle Steering and Suspension Components (except Spring), Motor Vehicle Seating and Interior Trim 2) By Application: Passenger Vehicle, Commercial Vehicle 3) By End Use: OEM, Aftermarket

The motor vehicle seating and interior trim market consists of sales of motor vehicle seating and interior trim and related services used to increase the aesthetic appeal of the motor vehicle. The motor vehicle seating and interior trim market involves the production of motor vehicle seats, seat frames, seat belts, and interior trimmings. Motor vehicle interior trim involves decorative parts such as leather seat door trims, headliners, door weather strips, sun visors, and cosmetic changes that do not add any functionality but increase the aesthetic appeal of the motor vehicle. The main types of motor vehicle seating and interior trim include motor vehicle seating and motor vehicle interior trim. The motor vehicle interior trims are referred to as the trims that are installed in a vehicle to give an aesthetic look. The various vehicles include passenger vehicles and commercial vehicles. The motor vehicle seating and interior trim market research report is one of a series of new reports from The Business Research Company that provides motor vehicle seating and interior trim market statistics, including motor vehicle seating and interior trim industry global market size, regional shares, competitors with a motor vehicle seating and interior trim market share, detailed motor vehicle seating and interior trim market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle seating and interior trim industry. This motor vehicle seating and interior trim market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global motor vehicle seating and interior trim market grew from $172.45 billion in 2021 to $189.35 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The motor vehicle seating and interior trim market is expected to grow to $262.16 billion in 2016 at a CAGR of 8.5%. The motor vehicle seat and the interior trim market are driven by the increasing popularity of sport utility vehicle (SUV) cars. SUV cars are preferred owing to their comfortable seating and exquisite interior trim. The demand for SUVs and other luxurious cars increases the demand for improved and more aesthetically appealing vehicle seating and interior trim. In 2019, Indians purchased 21% more SUVs than in the previous year. According to a November 2019 survey, Hyundai delivered more than 51,000 units of its brand-unique SUV, the Hyundai Venue, in the first six months of its lifecycle, which was released on the market in May 2019. The increase in demand for SUVs around the world positively impacts the growth of vehicle seating and the interior trim market. The failure to meet the required quality standard of motor vehicle seating and interior trim parts restricts the growth of the motor vehicle seating and interior trim market. Car seats and other interior trim car parts are recalled when a manufacturer or the US National Highway Traffic Safety Administration (NHTSA) determines that a vehicle car seat or other equipment creates an unreasonable safety risk or fails to meet minimum safety standards. Such recalls cost a huge amount to the manufacturer, who has to bear the loss. For instance, in 2019, Ford Motor Company announced its recall of about 550,000 trucks and SUVs in North America due to defects in seat strength and sharp edges that posed a risk of injury in a crash. To mitigate the risk of accidents, Ford dealers were directed by the manufacturer to install tape over the exposed edge at no charge to the motor vehicle owners. Thus, the risk of failure to meet the required quality standards negatively impacts the growth of the motor vehicle seating and interior trim market. The companies in the motor vehicle seating and interior trim market are investing in the use of sustainable materials for car interior trim. To attract buyers inclined towards using eco-friendly ways of living, the manufacturers are using sustainable options for car interior trim parts. For instance, Land Rover, in 2019, introduced its new line of leather-free and fully vegan materials that are used in interior trim for its 2020 Range Rover Evoque, Range Rover Velar, and Jaguar I-Pace SUVs. Land Rover's Evoque is equipped with eucalyptus melange premium textile, produced from eucalyptus fibres using less water. It also uses a premium textile from Kvadrat, made with 53 recycled plastic bottles per car, and is combined with Dinamica Miko suede cloth. In February 2020, Supreme Nonwovens Group, a Maharashtra-based automotive company, acquired the automotive interior trims and NVH business of Futuris Automotive for an undisclosed amount. This acquisition further reaffirms the Supreme Group's commitment to global automotive OEM customers. Futuris Automotive is a USA-based company that designs and develops JIT solutions, from initial styling concepts to large volume production for complete seating and interior trim systems. Major players in the motor vehicle seating and interior trim market are ContiTech AG, Magna International, Hyundai Mobis Co., Faurecia S.A., TATA Group, Toyoda Gosei, Johnson Controls, Faurecia S.A., Magna, and International Textile Group. Asia Pacific was the largest region in the motor vehicle seating and interior trim market in 2021. Western Europe was the second largest market in motor vehicle seating and interior trim market. The regions covered in the motor vehicle seating and interior trim market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the motor vehicle seating and interior trim include Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The global motor vehicle seating and interior trim market is segmented - 1) By Type: Motor Vehicle Seating, Motor Vehicle Interior Trim 2) By Vehicle: Passenger Vehicle, Commercial Vehicle

The motor vehicle steering and suspension components market consists of sales of motor vehicle steering and suspension components (except spring) and related services which are used for keeping the wheels of the motor vehicle firmly intact with the ground. Motor vehicle steering components consist of a group of parts including the steering wheel, steering column, and shaft, tie rods, and steering arms used to transmit the movement of the steering wheel to the wheels, enabling the right and left movement of the wheel. The suspension components comprise tires, the air in the tires, shock absorbers, struts, arms, bars, linkages, bushings, and joints used to connect the vehicle to its wheels to allow relative motion between the two. The suspension components of a motor vehicle provide support to the vehicle, absorb bumps and other shocks, and allow the vehicle to turn in response to steering input from the driver. The main types of motor vehicle steering and suspension components are steering components and suspension components. The steering components help the driver by protecting them and adding a support system to the driver while driving. The various applications include commercial vehicles and passenger cars. OEM and aftermarket steering and suspension systems are used in automobiles. The motor vehicle steering and suspension components market research report is one of a series of new reports from The Business Research Company that provides motor vehicle steering and suspension components market statistics, including motor vehicle steering and suspension components industry global market size, regional shares, competitors with a motor vehicle steering and suspension components market share, detailed motor vehicle steering and suspension components market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle steering and suspension components industry. This motor vehicle steering and suspension components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global motor vehicle steering and suspension components (except spring) market grew from $81.61 billion in 2021 to $88.91 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The motor vehicle steering and suspension components (except spring) market is expected to grow to $119.31 billion in 2016 at a CAGR of 7.6%. The growth of the motor vehicle steering and suspension components market (except springs) is positively affected by the poor quality of roads. The steering and suspension components are used to maintain the stability of the motor vehicle on rough roads. Rough roads with potholes and poor surfaces cause wear and tear of steering and suspension components in the long run, thus increasing the risk of accidents. This constant wear and tear shortens their working life and increases the rate at which they need to be replaced. According to the U.S. National Transportation Research Group (TRIP), 71% of roads in the San Francisco-Oakland area were in poor condition, costing drivers an average of $1,049 in vehicle operating costs each year. The lack of standards for maintenance of roads, resulting in rough roads with potholes, increases the demand for motor vehicle steering and suspension components. The growth of the motor vehicle steering and suspension components (except springs) market is restricted by the growing popularity of electric vehicles all over the world. The increased popularity of electric vehicles will require the motor vehicle steering and suspension system manufacturers to produce power steering and suspension systems specifically designed for the new electric vehicles. thereby reducing the demand for motor power steering systems and suspension parts. The manufacturers will have to adapt and compete to create the parts used in driverless vehicle models. According to the International Energy Agency (IEA), there are 5 million electric passenger cars in Norway. The popularity of the electric car market is backed up by several government initiatives, such as in Norway, where the drivers of zero-emissions cars are not only exempted from road tax but also exempted from 25% VAT on sales, reduced road and ferry tolls and parking costs, and access to bus lanes. The overall cost of adapting to the changing demand due to the growing popularity of electric vehicles restricts the growth of the motor vehicle steering and suspension components (except springs) market. The latest trend in the industry is the development of suspension systems using the new magnetic ride control (MRC or MagneRide) technology developed by General Motors (GM). The magnetic damper technology improves the performance of the suspension system and provides a smooth driving experience. The technology uses a fluid infused with magnetised particles acting as electronically-controlled shock absorbers, which respond to changing driving conditions and speed in real-time, making the shock absorbers adapt to the changing terrain. Such absorbers, along with the automobile sensors, respond to the terrain every five milliseconds. Following the trend started by General Motors, BeijingWest Industries (BWI) Group opened a new plant in Greenfield, Indiana, in 2019, from which the company launched the fourth generation of the MagneRide suspension technology. The China-based BeijingWest Industries (BWI) Group is a supplier of brake and suspension systems. In June 2020, Bendix Corporation, an American manufacturing and engineering company, acquired RH Sheppard for $149.5 million. The acquisition of RH Sheppard was transacted by Bendix Commercial Vehicle Systems LLC, Elyria, OH, which is a subsidiary of Knorr-Bremse that is part of its Commercial Vehicle Systems division. Through this acquisition, Knorr-Bremse became a leading global supplier of commercial vehicle steering systems. RH Sheppard is a USA-based company that designs and manufactures automotive products. Major players in the motor vehicle steering and suspension components market are Bosch, Hyundai, Tennaco, Denso, Hella, JTEKT, Knorr-Bremse, Nexteer Automotive, Thyssenkrupp, and ZF Friedrichshafen. Asia Pacific was the largest region in the motor vehicle steering and suspension components market in 2021. Western Europe was the second largest market in motor vehicle steering and suspension components market. The regions covered in the motor vehicle steering and suspension components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the motor vehicle steering and suspension components include Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The global motor vehicle steering and suspension components (except spring) market is segmented - 1) By Type: Steering Components, Suspension Components 2) By Application: Commercial Vehicle, Passenger Car 3) By End use: OEM, Aftermarket

The motor vehicle body market consists of sales of the motor vehicle body and related services. Motor vehicle body industry establishments are primarily engaged in the manufacturing of automobile bodies such as truck, bus, and coach bodies. The main types of vehicles in the motor vehicle body are passenger vehicles, light commercial vehicles, heavy trucks, buses, and coaches. Passenger vehicles are designed and constructed for the carriage of people and their luggage. These are used in the OEM and aftermarket. The motor vehicle body market research report is one of a series of new reports from The Business Research Company that provides motor vehicle body market statistics, including motor vehicle body industry global market size, regional shares, competitors with a motor vehicle body market share, detailed motor vehicle body market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle body industry. This motor vehicle body market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global motor vehicle body market grew from $160.11 billion in 2021 to $175.27 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The motor vehicle body market is expected to grow to $243.65 billion in 2016 at a CAGR of 8.6%. Increasing production of passenger cars, light commercial vehicles, buses, and heavy trucks is projected to contribute to higher demand for the motor vehicle body. For instance, according to Invest India, the country's annual production in FY 2021 was 22.7 million vehicles, and from April to October 2021, two-wheelers and passenger cars accounted for 81.2% and 14.6% of the shares, respectively. Thus, an upsurge in the production of motor vehicles and rising investments are anticipated to drive the demand for motor vehicles, favouring the market’s growth. Fluctuating prices of metals such as steel, iron, and aluminium are projected to limit the growth of the motor vehicle body market. For instance, according to the pioneer data 2022, the current high prices of aluminium are at an average of $2200/t in 2021 with marginal deceleration in 2022. Iron ore prices increased by nearly 25% in the first quarter of 2021, owing primarily to unabated Chinese demand. Therefore, the fluctuations in the price of metal are anticipated to hinder the growth of the motor vehicle body market in the forecast period. The automotive industry uses various structural materials, including iron, steel, and other metals. Recently, aluminium has been the most preferred metal in the automotive industry as a material of choice for next-gen and advanced vehicles. According to The Aluminum Association, aluminium is used predominately in the automotive industry due to its cost-effective and environment-friendly way to improve efficiency and performance, reduce emissions, and boost fuel efficiency while improving and maintaining durability and safety. For instance, Tata Technologies announced a collaboration with NIO China to develop NIO’s range of electric vehicles. This partnership was aimed towards the production of the first electric all-aluminum vehicle by NIO. Tata Technologies, a Tata Group company, is engaged in providing services in engineering and design, manufacturing, management, and IT services to automotive original equipment manufacturers and their suppliers. In September 2019, Spartan Motors Inc., a North American based company and a leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries, acquired Royal Truck Body (Royal) for an undisclosed amount. Through this acquisition, Spartan Motors Inc. expands its manufacturing operations into Southern California, Northern California, and additional West Coast markets, advancing its U.S. footprint strategy with six additional operating facilities located in California, Arizona, and Texas. Royal Truck Body is a California-based company and is a designer, manufacturer, and installer of service truck bodies and accessories. Major players in the motor vehicle body market are Motor Coach Industries International, Blue Bird Global Corporation, Gillig, Mickey Truck Bodies, Utilimaster Corporation, Morgan Truck Body, Morgan Olson, McNeilus Companies, Truck Bodies & Equipment International, and Reading Truck Body. Asia Pacific was the largest region in the motor vehicle body market in 2021. Western Europe was the second largest region in the motor vehicle body market. The regions covered in the motor vehicle body market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the motor vehicle body market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia. The global motor vehicle body market is segmented - 1) By Type Of Vehicle: Passenger Vehicle, Light Commercial Vehicle, Heavy Trucks, Buses, Coaches 2) By End Use: OEM, Aftermarket

The motor vehicle parts market consists of sales of motor vehicle parts and related services by entities (organizations, sole traders, and partnerships) that produce motor vehicle gasoline engines and engine parts; motor vehicle electrical and electronic equipment; motor vehicle steering and suspension components (except springs); motor vehicle brake systems; motor vehicle transmission and power train parts; motor vehicle seating and interior trim; motor vehicle metal stampings; and other motor vehicle parts and accessories. This market includes sales of rebuilt motor vehicle parts. This market includes sales of both new and used vehicles. The main types of motor vehicle parts are motor vehicle bodies, stamped metal & other parts; motor vehicle engines; power train & parts; motor vehicle electrical & electronic equipment; steering suspension; & interiors. The motor vehicle body refers to the parts of the motor vehicle that help in certain functions they perform. The various applications include passenger vehicles and commercial vehicles. These are used in the OEM and aftermarket. The motor vehicle parts market research report is one of a series of new reports from The Business Research Company that provides motor vehicle parts market statistics, including motor vehicle parts industry global market size, regional shares, competitors with a motor vehicle parts market share, detailed motor vehicle parts market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle parts industry. This motor vehicle parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global motor vehicle parts market grew from $2,336.07 billion in 2021 to $2,515.85 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The motor vehicle parts market is expected to grow to $3,265.68 billion in 2016 at a CAGR of 6.7%. Technological Advances: Advances in technology are expected to be a continued driver of motor vehicle parts manufacturing market growth in the forecast period. The global transport manufacturing industry has experienced many technological advances in the last decade, and this trend is expected to intensify. According to Forbes, the ten new features to expect in vehicles by 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalised in-car marketing, and reconfigurable body panels. These innovations are expected to drive the motor vehicle parts manufacturing market during the forecast period. The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the motor vehicle parts manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak is expected to continue to harm businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle parts manufacturing market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. The demand for electric vehicles is increasing rapidly, and this is expected to disrupt the automotive value chain. 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. According to an EY report, the electric vehicle transformation in India may have an impact on existing automobile spare part sales because EVs have 20 moving parts while vehicles with internal combustion engines have around 200 spare parts. Major companies in the motor vehicle parts market include EXOR Group, Denso Corp, General Motors Co, Robert Bosch GmbH, Aisin Seiki Co Ltd, Continental AG, Fiat Chrysler Automobiles NV, Magna International Inc, Toyota Motor Corp, and SAIC Motor Co ltd. Asia Pacific was the largest region in the motor vehicle parts market in 2021. Western Europe was the second largest market in motor vehicle parts market. The regions covered in the motor vehicle parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the motor vehicle parts market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippine, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain; Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global motor vehicle parts market is segmented - 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 Subsegments 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

The motor vehicle parts market consists of sales of motor vehicles or motor vehicle chassis and related services by entities (organizations, sole traders, and partnerships) that produce complete automobiles, light-duty motor vehicles, and heavy-duty trucks (i.e., body and chassis or unibody) or produce motor vehicle chassis only. The main types in the motor vehicle market are motorcycles and bicycles, passenger cars and commercial vehicles. A commercial vehicle refers to a vehicle that is used for commercial purposes. The various fuel types include gasoline, diesel, and other fuel types. These have an engine capacity of 1000 cc, 1000-1500 cc, 1500-2000 cc, and >2000 cc . These have propulsion types such as ic engines and electric vehicles. The motor vehicle market research report is one of a series of new reports from The Business Research Company that provides motor vehicle market statistics, including motor vehicle industry global market size, regional shares, competitors with a motor vehicle market share, detailed motor vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle industry. This motor vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global motor vehicles market grew from $2,154.32 billion in 2021 to $2,357.64 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The motor vehicles market is expected to grow to $3,186.6 billion in 2016 at a CAGR of 7.8%. Economic Growth In Emerging Markets: The motor vehicle market is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the motor vehicle market during the forecast period. The outbreak of coronavirus disease (COVID-19) has acted as a massive restraint on the motor vehicle market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak is expected to continue to hurt businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Motor vehicle manufacturers, especially car manufacturers, are increasingly focusing on the commercialization of cars with active window displays. The active window displays will show all key driving information on the windshield. It shows information such as navigation instructions, fuel level information, vehicle speed, and other information. Some car manufacturers are also offering technologies that can be fixed on the dashboard of a car. For instance, during the Consumer Electronics Show (CES) 2019, some of the car manufacturers, such as Hyundai and Mercedes-Benz, showcased their Augmented Reality cockpit prototypes, which are very similar to the active window display. Major companies in the motor vehicle market include Volkswagen AG, Toyota Motor Corp, Daimler AG, Ford Motor Co, Honda Motor Co Ltd, Fiat Chrysler Automobiles NV, SAIC Motor Co ltd, EXOR Group, Bayerische Motoren Werke AG, and Hyundai Motor Co Ltd. Asia Pacific was the largest region in the motor vehicles market in 2021. North America was the second largest market in motor vehicles market. The regions covered in the motor vehicle parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the motor vehicles market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global motor vehicles market is segmented - 1) By Type: Motorcycle And Bicycle, Passenger Car, Commercial Vehicle 2) By Fuel Type: Gasoline, Diesel, Other Fuel Types 3) By Engine Capacity: <1000 cc, <1000-1500 cc, <1500-2000 cc, >2000 cc 4) By Propulsion Type: IC Engine, Electric Vehicle Subsegments Covered: Motorcycles And Parts, Bicycles And Parts, Motor Scooters, Other Motorcycle And Bicycle, Hatchback, Sedan, Utility Vehicle, Light Commercial Vehicle, Heavy Trucks, Buses And Coaches

The motor vehicle engine, power train, and parts market consists of sales of motor vehicle engines, power trains, and parts and related services by entities (organizations, sole traders, and partnerships) that produce and/or rebuild motor vehicle transmissions and power train parts. Vehicle engine and engine parts, power train, and power train parts are the three main types of motor vehicle engines, power trains, and parts.The vehicle engine and engine parts refer to the vehicle engine parts that are used in motor vehicles. The various applications include passenger vehicles and commercial vehicles. These are used in the OEM and aftermarket. The motor vehicle engine, power train, & parts market research report is one of a series of new reports from The Business Research Company that provides motor vehicle engine, power train, & parts market statistics, including motor vehicle engine, power train, & parts industry global market size, regional shares, competitors with a motor vehicle engine, power train, & parts market share, detailed motor vehicle engine, power train, & parts market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle engine, power train, & parts industry. This motor vehicle engine, power train, and parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global motor vehicle engine, power train & parts market grew from $715.33 billion in 2021 to $767.25 billion in 2022 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The motor vehicle engine, power train & parts market is expected to grow to $982.39 billion in 2016 at a CAGR of 6.4%. The motor vehicle engine, power train, and parts market is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. The outbreak of coronavirus disease (COVID-19) has acted as a massive restraint on the motor vehicle engine, power train, and parts markets in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle engine, power train, and parts market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Motor vehicle parts manufacturers are using IoT to reduce unscheduled downtimes, thereby increasing operational efficiency. IoT is a system of "connected devices" with the ability to collect and exchange data over a network without any human intervention or assistance. IoT helps motor vehicle parts manufacturers increase their efficiency by providing real-time information about production processes. In addition, IoT can be used by automobile parts manufacturers to obtain wear and tear data that can prevent equipment failures. For instance, German car parts maker Robert Bosch signed an agreement with software company SAP to connect its manufacturing machinery, tools, and vehicles to SAP's back-end software. This IoT technology uses SAP's real-time database HANA to monitor and support the production of automobile parts. The global automotive IoT market is expected to reach 106.32 billion by 2023. According to IDC and SAP, 60 % of global manufacturers use analytics data tracked from IoT-connected devices to analyse their manufacturing processes. Major companies in the motor vehicle, engine, powertrain, and parts market include EXOR Group, Robert Bosch GmbH, Aisin Seiki Co Ltd, Toyota Motor Corp, Denso Corp, Schaeffler Technologies AG & Co KG, Continental AG, Gestamp Automoción, Tata Motor Group, and Dana Incorporated. Asia Pacific was the largest region in the motor vehicle engines, power trains, & parts market in 2021. Western Europe was the second largest market in motor vehicle engines, power trains, & parts market. The regions covered in the motor vehicle engine, power train, & parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the motor vehicle engines, power trains, & parts markets are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global motor vehicle engine power train and parts market is segmented - 1) By Type: Vehicle Engine And Engine Parts, Power Train And Power Train Parts 2) By Application: Passenger Vehicle, Commercial Vehicle 3) By End Use: OEM, Aftermarket

The motor vehicle body, stamped metal, and other parts market includes sales of motor vehicle bodies, stamped metals, and other motor vehicle parts and related services by entities (organizations, sole proprietorships, and partnerships) that manufacture motor vehicle stampings such as fenders, tops, body parts, trim, and moldings, or manufacture and/or rebuild motor vehicle parts and accessories (except motor vehicle gasoline engines and engine parts), motor vehicle el The main types in the motor vehicle body are stamped metal and other parts of the motor vehicle body, stamped metal and other parts. Stamped metal refers to metal stamping. is utilised in auto parts manufacturing. It is a cost-effective, fast, and versatile manufacturing method. The various applications include passenger vehicles and commercial vehicles. OEMs and the aftermarket use these. The motor vehicle body, stamped metal, & other parts market research report is one of a series of new reports from The Business Research Company that provides motor vehicle body, stamped metal, & other parts market statistics, including global market size, regional shares, competitors with a motor vehicle body, stamped metal, & other parts market share, detailed motor vehicle body, stamped metal, & other parts market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle body, stamped metal, & other parts industry. This motor vehicle body, stamped metal, & other parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global motor vehicle body, stamped metal & other parts market grew from $1,213.62 billion in 2021 to $1,302.53 billion in 2022 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The motor vehicle body, stamped metal & other parts market is expected to grow to $1,670.79 billion in 2016 at a CAGR of 6.4%. Advances in technology are expected to be a continued driver of market growth in the forecast period. The motor vehicle body, metal stamping, and other parts industry has experienced many technological advances in the last decade, and this trend is expected to intensify. According to Forbes, the ten new features to expect in vehicles by 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalised in-car marketing, and reconfigurable body panels. These innovations are expected to drive the motor vehicle body, metal stamping, and other parts market during the forecast period. The outbreak of coronavirus disease (COVID-19) has acted as a massive restraint on the motor vehicle body, metal stamping, and other parts markets in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle body, metal stamping, and other parts markets will recover from the shock across the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Motor vehicle parts manufacturers are using IoT to reduce unscheduled downtimes, thereby increasing operational efficiency. IoT is a system of "connected devices" with the ability to collect and exchange data over a network without any human intervention or assistance. IoT helps motor vehicle parts manufacturers increase their efficiency by providing real-time information about production processes. In addition, IoT can be used by automobile parts manufacturers to obtain wear and tear data that can prevent equipment failures. For instance, German car parts maker Robert Bosch signed an agreement with software company SAP to connect its manufacturing machinery, tools, and vehicles to SAP's back-end software. This IoT technology uses SAP's real-time database HANA to monitor and support the production of automobile parts. The global automotive IoT market is expected to reach 106.32 billion by 2023. According to IDC and SAP, 60 % of global manufacturers use analytics data tracked from IoT-connected devices to analyse their manufacturing processes. Major companies in the motor vehicle body, stamped metal, & other parts market include General Motors Co, Tenneco Inc, Magna International Inc, Lear Corp, Faurecia SA, Continental AG, Mitsubishi Motors Corp, Plastic Omnium SA, Autoliv Inc, and Aisin Seiki Co ltd. Asia Pacific was the largest region in the motor vehicle body, stamped metal, & other parts market in 2021. Western Europe was the second largest market in motor vehicle body, stamped metal, & other parts market. The regions covered in the motor vehicle body, stamped metal, & other parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in motor vehicle body, stamped metal, & other parts market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global motor vehicle body stamped metal and other parts market is segmented - 1) By Type: Motor Vehicle Body, Stamped Metal, Other Parts 2) By Application: Passenger Vehicle, Commercial Vehicle 3) By End Use: OEM, Aftermarket