Global Auto Parts And Accessories Market to Reach $2.3 Trillion by 2026

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Sep 08, 2021, 11:00 ET

SAN FRANCISCO, Sept. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Auto Parts And Accessories - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Auto Parts And Accessories Market

FACTS AT A GLANCE
Edition: 19; Released: April 2021
Executive Pool: 25639
Companies: 1149 - Players covered include Aisin Seiki Co., Ltd.; Autoliv, Inc.; BASF SE; BorgWarner, Inc.; Calsonic Kansei Corporation; Continental AG; Delphi Technologies; Denso Corporation; Faurecia; Gestamp Automocion S.A.; Hitachi Automotive Systems Ltd.; Hyundai Mobis Co., Ltd.; Hyundai Wia Corporation; JTEKT Corporation; Lear Corporation; Magna International, Inc.; MAHLE GmbH; Marelli (Magneti Marelli CK Holdings Co., Ltd.); Panasonic Automotive Systems Europe GmbH; Robert Bosch GmbH; Samvardhana Motherson Group; Schaeffler AG (Schaeffler Group); Sumitomo Electric Industries Ltd.; ThyssenKrupp AG; Toyoda Gosei Co., Ltd.; Toyota Boshoku Corporation; Valeo Group; Yanfeng Automotive Interior Systems; Yazaki Corporation; ZF Friedrichshafen AG and Others.
Coverage: All major geographies and key segments
Segments: Type (Driveline & Powertrain, Interiors & Exteriors, Electronics, Seating, Lighting, and Other Types); Application (OEM, and Aftermarket)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Auto Parts And Accessories Market to Reach $2.3 Trillion by 2026
Amid the COVID-19 crisis, the global market for Auto Parts And Accessories estimated at US$1.9 Trillion in the year 2020, is projected to reach a revised size of US$2.3 Trillion by 2026, growing at a CAGR of 3% over the analysis period. Driveline & Powertrain, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$775.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Interiors & Exteriors segment is readjusted to a revised 2.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $523.4 Billion in 2021, While China is Forecast to Reach $452.5 Billion by 2026
The Auto Parts And Accessories market in the U.S. is estimated at US$523.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$452.5 Billion by the year 2026 trailing a CAGR of 5.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.

Electronics Segment to Reach US$362.1 Billion by the year 2026
In the global Electronics segment, USA, Canada, Japan, China and Europe will drive the 2.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$227.8 Billion in the year 2020 will reach a projected size of US$276.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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