Auto Parts Market Analysis North America,Europe,APAC,South America,Middle East and Africa - US,China,Japan,Germany,UK - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 176 SKU: IRTNTR70960

Auto Parts Market Forecast 2023-2027

The auto parts market size is estimated to grow by USD 393.22 billion at a CAGR of 3.62% between 2022 and 2027. The market's growth depends on several factors, such as the increased usage of technological advancement in the global market, the digitalization of automotive repair and maintenance services, and the high demand from the aftermarket. The US, Germany, China, The UK, and Japan are the top five countries contributing to the market growth. The US holds the largest market share projecting an annual revenue of USD 537.21 million.

Goodyear is one of the top-performing market players offering auto parts through its subsidiary Cooper Tire and Rubber Company such as Cooper Endeavor Plus, and Discoverer EnduraMax. Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021.

What will be the Size of the Auto Parts Market During the Forecast Period?

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Auto Parts Market Segmentation by End-User, Distribution Channel, Geography

This auto parts market report extensively covers market segmentation by end-user (OEM and aftermarket), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

Market End-User Segment

The OEM segment is estimated to witness significant growth during the forecast period. The OEM segment is expected to grow significantly in terms of market share when compared with the aftermarket. OEM is referred to describe companies that make original automotive components such as brakes, steering, and other parts for new vehicles.

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The OEM segment was the largest segment and was valued at USD 1,441.61 billion in 2017. OEM parts are made by a specific manufacturer to align with the exact specifications of the vehicle so that they fit perfectly into that space. Therefore, they are preferred by automobile manufacturers around the globe. The buyers prefer OEM parts because they offer the same parts as those originally installed during the manufacturing process.

Market Distribution Channel Analysis 

Based on the distribution channel, the offline segment holds the largest market share. The market benefits from numerous physical stores, driving its growth. Offline stores offer tactile experiences, boosting progress. However, offline's share might decrease due to rising e-commerce. Key countries like the US, Canada, UK, Germany, and China host multiple auto part stores, garages, and dealerships. Franchise repair businesses gain traction for profitability.

Consumers buy components like vehicle lighting, brakes, and filters offline. Major players like Toyota and Bosch expand to online channels alongside offline presence. Consumers prefer brick-and-mortar for complex installations, as vehicles and parts grow intricate. Online complexities fuel offline growth in the global market.

Market Region Analysis

APAC is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market growth and trends that shape the market during the forecast period.

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Another region offering significant growth opportunities is North America. Commercial vehicles account for about half of the total in-use vehicles in North America, whereas light commercial vehicles account for most sales across the region. The continued growth of the oil and gas sector, a broad range of agriculture sectors, an intensive mining industry, and the growth of the industrial manufacturing sector across the region are expected to propel the demand for commercial vehicles in North America, which, in turn, is expected to increase the demand for auto parts in North America during the forecast period. Such factors are expected to propel the demand for auto parts manufacturing during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Drivers

The increased usage of technological advancement in the global market is driving growth in the market. Technological innovation in braking components, headlamps, and other parts is driving the global market constantly. High-performance braking systems are integrated with electronic features, such as regenerative braking, brake-by-wire, electronic brake force distribution, antilock braking, traction control, and electronic stability control systems.

Moreover, 3D printing technology is being used to fabricate the production of auto parts. Also, there is a broad range of additive-manufactured parts that are used in the production of vehicles today, many of them being made from synthetic materials. The emergence of 3D printing in the automotive industry and the growing demand for hybrid and all-electric vehicles are likely to boost the market growth during the forecast period. Hence, such factors are expected to drive the growth of the market during the forecast period.

Key Market Trends

The growing availability of automotive aftermarket parts on e-commerce platforms is a key trend in the market. With the increasing popularity of online channels, the global automotive parts aftermarket is experiencing changing trends and developments. E-commerce platforms are playing an important role in the rapid growth of revenues generated by the automotive aftermarket.

Moreover, the global auto parts aftermarket is witnessing a paradigm shift toward online platforms that are witnessed with auto parts sales online growing year on year. Revenue from online sales is driven by advantages and benefits linked with the application of eShopping Platforms for Aftermarkets in cars. Such factors will fuel the growth in the auto parts aftermarket through online sales in the market during the forecast period.

Major Market Challenges

Online retailers challenging traditional aftermarket retailers is a major challenge in the market. The growth of existing traditional aftermarket players, who do not have an online presence, will be greatly hampered by the increase in the number of e-commerce shop players in the global auto parts manufacturing market. The automotive industry is continuously evolving and growing with the ongoing developments and innovations taking place in the field of electronics, digitalization, and connectivity. 

However, the availability of various products/systems and their varieties in the aftermarket is increasing year after year. Online retailers are giving tough competition to traditional brick-and-mortar stores operating in the global market. Sales in traditional automotive accessories stores have been negatively affected by the benefits of online shopping. Though online retailing in the global market is growing, at the same time, this will harm traditional retailers' growth. Factors such as the availability of auto parts through the online medium will fuel the growth of the market during the forecast period.

Key Auto Parts Market Companies

Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

3M Co. - The company offers auto parts such as Pin 14 with 3M Acrylic Foam Tape 5392, 3M Wheel Weight TN6020, and Rain Sensor Brackets with 3M Die Cuttable Tape DC2008.

The market research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including: 

3M Co., AISIN CORP., Akebono Brake Industry Co. Ltd., Autoliv Inc., BorgWarner Inc., Brembo Spa, General Motors Co., HELLA GmbH and Co. KGaA, Hyundai Motor Co., Lear Corp., Magna International Inc., Marelli Holdings Co. Ltd., Robert Bosch GmbH, Schaeffler AG, Stellantis NV, Tenneco Inc., The Goodyear Tire and Rubber Co., Toyota Motor Corp., Valeo SA, and ZF Friedrichshafen AG

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The Market is undergoing a transformation driven by the increasing popularity of electric and hybrid cars. This shift is leading to the manufacturing of environmentally friendly vehicle parts and a transition to electric vehicles (EVs). Automakers are investing heavily in EV technology, leading to a growing demand for specialized EV components such as batteries, electric motors, and charging infrastructure.

Consumer behavior is also influencing the market, with a greater emphasis on environmentally friendly materials, including recycled and biodegradable materials. This trend is not only seen in the production of new vehicles but also in the aftermarket parts sector, where consumers are seeking eco-friendly options for auto repair.

Key segments like underbody components, engine components, and automotive filters are experiencing changes due to the rise of EVs. Heavy commercial vehicles are also incorporating more EV-specific components, reflecting the broader shift towards electric mobility. Overall, the auto parts market is adapting to meet the evolving needs of the automotive industry as it transitions towards a more sustainable future.

Auto Parts Market Scope

Report Coverage

Details

Page number

176

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.62%

Market growth 2023-2027

USD 393.22 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

2.98

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 34%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., AISIN CORP., Akebono Brake Industry Co. Ltd., Autoliv Inc., BorgWarner Inc., Brembo Spa, General Motors Co., HELLA GmbH and Co. KGaA, Hyundai Motor Co., Lear Corp., Magna International Inc., Marelli Holdings Co. Ltd., Robert Bosch GmbH, Schaeffler AG, Stellantis NV, Tenneco Inc., The Goodyear Tire and Rubber Co., Toyota Motor Corp., Valeo SA, and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period

Customization purview

If our market report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global auto parts market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global auto parts market 2017 - 2021 ($ billion)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.3 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 OEM - Market size and forecast 2022-2027
      • Exhibit 34: Chart on OEM - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on OEM - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on OEM - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on OEM - Year-over-year growth 2022-2027 (%)
    • 6.4 Aftermarket - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Aftermarket - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Aftermarket - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 42: Market opportunity by End-user ($ billion)
      • Exhibit 43: Data Table on Market opportunity by End-user ($ billion)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 44: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 46: Chart on Comparison by Distribution Channel
      • Exhibit 47: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 50: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 7.4 Online - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 56: Market opportunity by Distribution Channel ($ billion)
      • Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 3M Co.
              • Exhibit 111: 3M Co. - Overview
              • Exhibit 112: 3M Co. - Business segments
              • Exhibit 113: 3M Co. - Key news
              • Exhibit 114: 3M Co. - Key offerings
              • Exhibit 115: 3M Co. - Segment focus
            • 12.4 AISIN CORP.
              • Exhibit 116: AISIN CORP. - Overview
              • Exhibit 117: AISIN CORP. - Business segments
              • Exhibit 118: AISIN CORP. - Key offerings
              • Exhibit 119: AISIN CORP. - Segment focus
            • 12.5 Akebono Brake Industry Co. Ltd.
              • Exhibit 120: Akebono Brake Industry Co. Ltd. - Overview
              • Exhibit 121: Akebono Brake Industry Co. Ltd. - Business segments
              • Exhibit 122: Akebono Brake Industry Co. Ltd. - Key offerings
              • Exhibit 123: Akebono Brake Industry Co. Ltd. - Segment focus
            • 12.6 BorgWarner Inc.
              • Exhibit 124: BorgWarner Inc. - Overview
              • Exhibit 125: BorgWarner Inc. - Business segments
              • Exhibit 126: BorgWarner Inc. - Key news
              • Exhibit 127: BorgWarner Inc. - Key offerings
              • Exhibit 128: BorgWarner Inc. - Segment focus
            • 12.7 Brembo Spa
              • Exhibit 129: Brembo Spa - Overview
              • Exhibit 130: Brembo Spa - Business segments
              • Exhibit 131: Brembo Spa - Key offerings
              • Exhibit 132: Brembo Spa - Segment focus
            • 12.8 General Motors Co.
              • Exhibit 133: General Motors Co. - Overview
              • Exhibit 134: General Motors Co. - Business segments
              • Exhibit 135: General Motors Co. - Key news
              • Exhibit 136: General Motors Co. - Key offerings
              • Exhibit 137: General Motors Co. - Segment focus
            • 12.9 Hyundai Motor Co.
              • Exhibit 138: Hyundai Motor Co. - Overview
              • Exhibit 139: Hyundai Motor Co. - Business segments
              • Exhibit 140: Hyundai Motor Co. - Key news
              • Exhibit 141: Hyundai Motor Co. - Key offerings
              • Exhibit 142: Hyundai Motor Co. - Segment focus
            • 12.10 Marelli Holdings Co. Ltd.
              • Exhibit 143: Marelli Holdings Co. Ltd. - Overview
              • Exhibit 144: Marelli Holdings Co. Ltd. - Product / Service
              • Exhibit 145: Marelli Holdings Co. Ltd. - Key news
              • Exhibit 146: Marelli Holdings Co. Ltd. - Key offerings
            • 12.11 Robert Bosch GmbH
              • Exhibit 147: Robert Bosch GmbH - Overview
              • Exhibit 148: Robert Bosch GmbH - Business segments
              • Exhibit 149: Robert Bosch GmbH - Key news
              • Exhibit 150: Robert Bosch GmbH - Key offerings
              • Exhibit 151: Robert Bosch GmbH - Segment focus
            • 12.12 Schaeffler AG
              • Exhibit 152: Schaeffler AG - Overview
              • Exhibit 153: Schaeffler AG - Business segments
              • Exhibit 154: Schaeffler AG - Key offerings
              • Exhibit 155: Schaeffler AG - Segment focus
            • 12.13 Stellantis NV
              • Exhibit 156: Stellantis NV - Overview
              • Exhibit 157: Stellantis NV - Business segments
              • Exhibit 158: Stellantis NV - Key news
              • Exhibit 159: Stellantis NV - Key offerings
              • Exhibit 160: Stellantis NV - Segment focus
            • 12.14 Tenneco Inc.
              • Exhibit 161: Tenneco Inc. - Overview
              • Exhibit 162: Tenneco Inc. - Business segments
              • Exhibit 163: Tenneco Inc. - Key news
              • Exhibit 164: Tenneco Inc. - Key offerings
              • Exhibit 165: Tenneco Inc. - Segment focus
            • 12.15 The Goodyear Tire and Rubber Co.
              • Exhibit 166: The Goodyear Tire and Rubber Co. - Overview
              • Exhibit 167: The Goodyear Tire and Rubber Co. - Business segments
              • Exhibit 168: The Goodyear Tire and Rubber Co. - Key news
              • Exhibit 169: The Goodyear Tire and Rubber Co. - Key offerings
              • Exhibit 170: The Goodyear Tire and Rubber Co. - Segment focus
            • 12.16 Toyota Motor Corp.
              • Exhibit 171: Toyota Motor Corp. - Overview
              • Exhibit 172: Toyota Motor Corp. - Business segments
              • Exhibit 173: Toyota Motor Corp. - Key offerings
              • Exhibit 174: Toyota Motor Corp. - Segment focus
            • 12.17 ZF Friedrichshafen AG
              • Exhibit 175: ZF Friedrichshafen AG - Overview
              • Exhibit 176: ZF Friedrichshafen AG - Business segments
              • Exhibit 177: ZF Friedrichshafen AG - Key news
              • Exhibit 178: ZF Friedrichshafen AG - Key offerings
              • Exhibit 179: ZF Friedrichshafen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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