Asia-Pacific Automotive Parts and Components Market Overview
As per recent research by MarkNtel Advisors, the Asia-Pacific Automotive Parts and Components Market size is valued at around USD 61.89 Billion in 2024 and is estimated to grow at a CAGR of around 6.05% during the forecast period, i.e., 2024-30.
Asia-Pacific Automotive Parts and Components Market Dynamics
Market Drivers : Increasing Automobile Production Contributing to Sustained Demand for Automotive Parts & Components –
Automobile production in the APAC region is increasing due to government support for the automotive industry. The regional countries, including China, India, and Japan, have the highest production rate of automobiles as the country has improved its industrial capabilities by absorbing advanced foreign technologies & management practices. In addition, international automobile manufacturers are entering the Chinese market due to lower labor costs & government support.
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Asia-Pacific Automotive Parts and Components Market Segmentation Overview 2024-2030: Key Factors
By Components
-Driveline & Powertrain- Market Size & Forecast 2019-2030F, USD Million
-Interiors & Exteriors- Market Size & Forecast 2019-2030F, USD Million
-Electronics- Market Size & Forecast 2019-2030F, USD Million
-Bodies & Chassis- Market Size & Forecast 2019-2030F, USD Million
-Braking System- Market Size & Forecast 2019-2030F, USD Million
-Others (Wheel & Tires, Seating, lighting, etc.)- Market Size & Forecast 2019-2030F, USD Million
By Application- Market Size & Forecast 2019-2030F, USD Million
-Original Equipment Manufacturers (OEMs)- Market Size & Forecast 2019-2030F, USD Million
-Aftermarket- Market Size & Forecast 2019-2030F, USD Million
By Vehicle Type- Market Size & Forecast 2019-2030F, USD Million
-Two-wheelers- Market Size & Forecast 2019-2030F, USD Million
-Three-wheelers- Market Size & Forecast 2019-2030F, USD Million
-Off-the-Road- Market Size & Forecast 2019-2030F, USD Million
-Passenger Cars- Market Size & Forecast 2019-2030F, USD Million
-Commercial Vehicles- Market Size & Forecast 2019-2030F, USD Million
– Light Commercial Vehicles (LCVs)- Market Size & Forecast 2019-2030F, USD Million
-Medium & Heavy Commercial Vehicles (MHCVs)- Market Size & Forecast 2019-2030F, USD Million
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Asia-Pacific Automotive Parts and Components Market Geographical Insights:
By Country
-China
-Japan
-India
-South Korea
-Australia
-Southeast Asia
-Rest of Asia-Pacific
Key Players and Competitive Strategies in the Asia-Pacific Automotive Parts and Components Market
Several prominent players dominate the Asia-Pacific Automotive Parts and Components Market, including:
- Denso Corporation
- Robert Bosch GmbH
- HELLA GmbH & Co. KgaA
- ZF Friedrichshafen AG
- Nidec Corporation
- Aisin Corporation
- Marelli Holdings Co. Ltd
- Continental AG
- Mitsubishi Electric Corporation
- Others
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Questions Addressed in this Study
1.How big is the Asia-Pacific Automotive Parts and Components Market Size?
2.What is the Asia-Pacific Automotive Parts and Components Market Growth?
3.Who are the key players of the Asia-Pacific Automotive Parts and Components Market?
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