Motor Vehicle Parts Global Market Report 2021 by The Business Research Company 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 – both negative and positive – of COVID-19 on the motor vehicle parts industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected motor vehicle parts market growth numbers 2021-2030.

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The Motor Vehicle Parts Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global motor vehicle parts market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030. The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Motor Vehicle Parts Global Market Report 2021 covers motor vehicle parts market drivers, motor vehicle parts market trends, motor vehicle parts market growth rate, motor vehicle parts market major players, player-adopted strategies in the market, and motor vehicle parts market size.

The global motor vehicle parts market is expected to grow from $2650.5 billion in 2020 to $2781.2 billion in 2021 at a compound annual growth rate (CAGR) of 5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3810.1 billion in 2025 at a CAGR of 8%.

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The report covers the motor vehicle parts market segments-
1) By Type: Motor Vehicle Body, Stamped Metal & 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, Stamped Metal, 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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