03 November 2020
The Business Research Company’s latest report Motor Vehicle Parts Global Market Report 2020 covers Motor Vehicle Parts market drivers, Motor Vehicle Parts market trends, Motor Vehicle Parts market segments, Motor Vehicle Parts market growth rate, Motor Vehicle Parts market major players, and Motor Vehicle Parts market size. The report provides in-depth analysis of the impact of COVID-19 on the Motor Vehicle Parts industry, along with revised market numbers due to the effects of the coronavirus.Disable Third Party Ads
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Motor Vehicle Parts Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global motor vehicle parts market is expected to decline from $2784.1 billion in 2019 to $2742.8 billion in 2020 at a compound annual growth rate (CAGR) of -1.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $3462.2 billion in 2023.
The report covers the Motor Vehicle Parts market’s segments-
1) By Type: Motor Vehicle Body, Metal Stamping & 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, Metal Stamping, 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.
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