Published by mark itwired
Posted on October 4, 2021
The global automotive performance parts market is primarily driven by consumers’ desire to improve their vehicle’s performance in terms of exhaust, speed, and cosmetic factors, among other things. As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global automotive performance parts market is anticipated to total US$ 324.5 Bn in 2021.
With increasing sales of passenger vehicles across the globe, the automotive performance parts market is expected to grow at a CAGR of 4.7% through 2031, opines FMI.
Download the sample copy of Report with table of contents and Figures @https://www.futuremarketinsights.com/reports/sample/rep-gb-10710
The introduction of an online portals retailing aftermarket performance parts, along with digitization of component delivery sales and services, are projected to attract significant investments from key players in the automotive performance parts market.
Leading players in the automotive performance parts market are actively utilizing modern-day production technologies, such as 3D printing of automotive performance parts to reduce production costs. 3D printing enables effective fabrication performance and reduces emission toxicity. These developments are anticipated to positively shape the demand outlook for automotive performance parts during the forecast period.
Besides this, strict regulatory standards for reducing greenhouse emissions and automobile safety are expected to significantly propel sales of automotive performance parts.
“Increasing demand for better performing vehicles, coupled with growing investments in repairs and maintenance by vehicle owners will drive sales of automotive performance parts in the forthcoming decade,” says the FMI analyst.
Leading players included in this report are Robert Bosch GmbH, Continental AG, BorgWarner Inc., Tenneco Inc., Donaldson Company, Inc., Holley Performance Products, Mitsubishi Heavy Industries, Ltd., Honeywell International Inc., EXEDY Corporation, Denso Corporation, AISIN SEIKI Co., Ltd., Hitachi Astemo, Ltd., The NGK Spark Plug Co., Ltd., Cummins Inc., ZF Friedrichshafen AG, Valeo, TREMEC, Hyundai Mobis.
As per FMI, ZF Friedrichshafen, Hitachi, Denso Corporation, Valeo, NGK Spark Plug Co., Ltd. are the top players who account for a share of more than 53% of the market.
Key players are focusing on research and innovation to expand their product portfolios to cater to the growing demand for efficient automotive performance parts. Additionally, leading players are investing in mergers, acquisitions, and strategic collaborations to gain a competitive edge in the market.
Owing to increasing sales of passenger cars and and growing consumers preference towards performance-enhancing parts, demand for automotive performance parts is projected to witness upticks during the forecast period. Environmental regulations are also urging manufacturers to invest in research and development to devise technologically advanced automotive performance parts. Further, cost-effective performance parts manufactured in South and East Asia, and the development of new transit corridors are expected to augment growth in the automotive performance parts market.
Request for Report Ask A Question @ https://www.futuremarketinsights.com/ask-question/rep-gb-10710
| Attribute | Details |
| Forecast Period | 2021-2031 |
| Historical Data Available for | 2016-2020 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa |
| Key Countries Covered | US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa |
| Key Segments Covered | Product Type, Vehicle Type, Sales Channel, and Region |
| Key Companies Profiled | Tenneco Inc. Robert Bosch GmbH Continental AG BorgWarner Inc. Mahle GmbH Donaldson Company Inc. Holley Performance Products MITSUBISHI HEAVY INDUSTRIES, LTD. Honeywell International Inc. EXEDY Corporation Denso Corporation AISIN SEIKI Co., Ltd. Hitachi Astemo, Ltd. The NGK Spark Plug Co., Ltd. Cummins Inc. ZF Friedrichshafen AG Valeo TREMEC Hyundai Mobis |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The post Automotive Performance Parts Market 2021-2031 Key Players- Robert Bosch Gmbh, Denso Corporation, Mitsubishi Heavy Industries Ltd., Delphi Automotive, Honeywell International Inc. appeared first on Market Research Blog.
The global automotive performance parts market is primarily driven by consumers’ desire to improve their vehicle’s performance in terms of exhaust, speed, and cosmetic factors, among other things. As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global automotive performance parts market is anticipated to total US$ 324.5 Bn in 2021.
With increasing sales of passenger vehicles across the globe, the automotive performance parts market is expected to grow at a CAGR of 4.7% through 2031, opines FMI.
Download the sample copy of Report with table of contents and Figures @https://www.futuremarketinsights.com/reports/sample/rep-gb-10710
The introduction of an online portals retailing aftermarket performance parts, along with digitization of component delivery sales and services, are projected to attract significant investments from key players in the automotive performance parts market.
Leading players in the automotive performance parts market are actively utilizing modern-day production technologies, such as 3D printing of automotive performance parts to reduce production costs. 3D printing enables effective fabrication performance and reduces emission toxicity. These developments are anticipated to positively shape the demand outlook for automotive performance parts during the forecast period.
Besides this, strict regulatory standards for reducing greenhouse emissions and automobile safety are expected to significantly propel sales of automotive performance parts.
“Increasing demand for better performing vehicles, coupled with growing investments in repairs and maintenance by vehicle owners will drive sales of automotive performance parts in the forthcoming decade,” says the FMI analyst.
Leading players included in this report are Robert Bosch GmbH, Continental AG, BorgWarner Inc., Tenneco Inc., Donaldson Company, Inc., Holley Performance Products, Mitsubishi Heavy Industries, Ltd., Honeywell International Inc., EXEDY Corporation, Denso Corporation, AISIN SEIKI Co., Ltd., Hitachi Astemo, Ltd., The NGK Spark Plug Co., Ltd., Cummins Inc., ZF Friedrichshafen AG, Valeo, TREMEC, Hyundai Mobis.
As per FMI, ZF Friedrichshafen, Hitachi, Denso Corporation, Valeo, NGK Spark Plug Co., Ltd. are the top players who account for a share of more than 53% of the market.
Key players are focusing on research and innovation to expand their product portfolios to cater to the growing demand for efficient automotive performance parts. Additionally, leading players are investing in mergers, acquisitions, and strategic collaborations to gain a competitive edge in the market.
Owing to increasing sales of passenger cars and and growing consumers preference towards performance-enhancing parts, demand for automotive performance parts is projected to witness upticks during the forecast period. Environmental regulations are also urging manufacturers to invest in research and development to devise technologically advanced automotive performance parts. Further, cost-effective performance parts manufactured in South and East Asia, and the development of new transit corridors are expected to augment growth in the automotive performance parts market.
Request for Report Ask A Question @ https://www.futuremarketinsights.com/ask-question/rep-gb-10710
| Attribute | Details |
| Forecast Period | 2021-2031 |
| Historical Data Available for | 2016-2020 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa |
| Key Countries Covered | US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa |
| Key Segments Covered | Product Type, Vehicle Type, Sales Channel, and Region |
| Key Companies Profiled | Tenneco Inc. Robert Bosch GmbH Continental AG BorgWarner Inc. Mahle GmbH Donaldson Company Inc. Holley Performance Products MITSUBISHI HEAVY INDUSTRIES, LTD. Honeywell International Inc. EXEDY Corporation Denso Corporation AISIN SEIKI Co., Ltd. Hitachi Astemo, Ltd. The NGK Spark Plug Co., Ltd. Cummins Inc. ZF Friedrichshafen AG Valeo TREMEC Hyundai Mobis |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The post Automotive Performance Parts Market 2021-2031 Key Players- Robert Bosch Gmbh, Denso Corporation, Mitsubishi Heavy Industries Ltd., Delphi Automotive, Honeywell International Inc. appeared first on Market Research Blog.
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