Automotive Body Parts Market

Automotive Body Parts Market by Product Types (Automotive Sunroof, Windshield Wiper, Door Lock, Exterior Rearview Mirror, Door Handle, Roof Rack, Other) by End-user (OEM, Aftermarket) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Automotive Body Parts in terms of revenue?

    The global Automotive Body Parts valued at 428.12 Billion in 2020 and is expected to reach 590.43 Billion in 2028 growing at a CAGR of 4.10%%

  • Which are the prominent players in the market?

    The prominent players in the market are MEKRA Lang, Thule, ALPHA Corporation, U-Shin, Trico, JAC Products, Huf Group, Inalfa, Aisin, Gentex, SL Corporation, Mitsuba, Valeo, VAST, Magna, Murakami Kaimeido, Ficosa, Denso, FIAMM, Yachiyo Industry, Mobitech, Webasto, Federal-Mogul, Kiekert, SMR, Bosch, ITW Automotive, Hella, Inteva, Mitsui Kinzoku..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 4.10%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Automotive Body Parts include

    • The increasing delivery sales and services of component coupled with the arrival of online portal distributing components is expected to augment the growth of the automotive body parts market during the forecast period. This is due to the global auto-part supplier groups that are likely to draw huge investments from the key participants. Additionally, the presence of leading market component suppliers, such as US Auto Parts Network, Inc. and CarParts.com, is also expected to increase the demand of the market in the years to come. Furthermore, growing online sales of automotive components are projected to support the growth of the market.
    • The increasing demand for replacement of body parts is anticipated to augment the growth of the automotive body parts market in the years to come. The replacement of body parts projected to be high and held around 70.3% of the automotive body parts market revenue share in 2020. This is due to the extreme strain by poor road conditions and low life cycle of the parts. The vehicles’ early aging will provide a positive outlook for automotive body parts. Along with that, factors such as low production cost, rising number of manufacturers, and increasing number of accidents, are likely to support the growth of the market.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Automotive Body Parts in 2020.

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