Global Automotive Parts and Components Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Rising Demand for Passenger Vehicles and Rapid Technological Advancements is Driving the Demand

• Drivers: The Automotive Parts and Components industry is driven by two primary factors: a rise in technological advancements and an increased demand for vehicles, both shaping the industry's future.
• Restrictions: The industry grapples with the restrictions of managing high production expenses and the increasing costs of essential raw materials. This restraint poses financial hurdles for manufacturers, impacting their profitability and cost competitiveness in the market.
• Opportunities: A significant opportunity in the Automotive Parts and Components industry is the transition to electric and hybrid vehicles. This shift aligns with the growing demand for eco-friendly transportation and offers a promising market for specialized components.
• Challenges: A significant challenge in the Automotive Parts and Components industry is complying with strict government and environmental regulations, which demand rigorous standards for safety and emissions, increasing costs and complexity for manufacturers.

Market Segmentations

• The Global Automotive Parts and Components Market is segmented based on Application Type, Product Type, Vehicle Type, and Geography.
• The product type category encompasses a wide range of components, including bodies, chassis, interiors, exteriors, seating, powertrains, mirrors, roof systems, and others. The segmentation also considers the application aspect, distinguishing between Original Equipment Manufacturers (OEM) and the aftermarket.
• Lastly, it accounts for vehicle types, encompassing both passenger and commercial vehicles. This meticulous segmentation approach allows the Automotive Parts and Components Market to effectively address the diverse needs and preferences within the automotive industry, facilitating tailored strategies for product development and marketing.
• Recent Development
• Tesla planned to build a second electric vehicle (EV) facility in China to help it keep up with increasing demand locally and in export markets. In the short term, Tesla plans to increase capacity in China to at least 1 million cars per year, with a second plant planned near its present production in Shanghai's Lingangfree trade zone. - February 2022
• Honda's Chinese joint venture with Dongfeng announced that it would develop an electric vehicle manufacturing factory in Wuhan as it seeks to expand its EV output. The Dongfeng-Honda Automobile facility will open in 2024 with a production capacity of 120,000 units per year. - January 2022
• Company Profiles
• The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Robert Bosch GmbH, Denso Corporation, Lear Corporation, Valeo, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Automotive Parts and Components Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Automotive Parts and Components Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Automotive Parts and Components Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market