The global auto parts and accessories market size was valued at USD 660.28 billion in 2022 and is poised to grow at a significant CAGR of 5.8% during the forecast period 2023-29. It also includes market size and projection estimations for each of the five major regions from 2023 to 2029. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the auto parts and accessories market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
The global auto parts and accessories market segmentation:
1. By Components: Active Suspension, Alloy Wheels, Alternators, Anti-Lock Braking System, Automatic Transmission, Brake Calipers, Brakes Disc, Brakes Drum, Carburetor, Catalytic Converter, Chassis, Clutch, Diesel Engine, Differential Gears, Drive Train, Driveshaft, Electrical System, Engine Control Systems, Exhaust System, Fuel Injection System, Gears, Gearset, Generator, Ignition System, Driving Lights, Fog Lights.
2. By Product Segments: Engine Parts, Electrical Parts, Drive and Transmission Steering Parts, Suspension and Braking Parts, Equipment, Others.
3. By Vehicle Type: Passenger, Commercial, Light Commercial Vehicle, Sports Vehicles, Others.
The auto parts and accessories market report help to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The auto parts and accessories market research report give a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the auto parts and accessories market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by auto parts and accessories market key players are Denso Corp ArvinMeritor, Inc. Dana Holding Corporation Delphi Corporation Johnson Controls, Inc. Lear Corporation Magna International Inc. TRW Automotive Holdings Corp. Visteon Corporation Eaton Corp Valeo Pioneer Exide Cooper Tire and Rubber Continental Magellan Holden BMW Toyota Advance Auto Parts, covered here to help them in strengthening their place in the market.
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