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The Germany auto parts manufacturing market reached USD 100.51 billion in 2023. The market is expected to grow at a CAGR of 2.26% between 2024 and 2032, reaching USD 122.91 billion by 2032.
Automotive parts are crucial for a vehicle's operation, with the engine serving as its core, transforming chemical energy into motion. Germany auto parts manufacturing market thrives due to substantial research and development investments, driving rapid growth. Engine being the most important part of the vehicle, consists of piston and cylinder heads contributing significantly to vehicle performance and efficiency. With increasing focus on improving the efficiency of the vehicle components like alternators play a crucial role by converting rotational motion to electricity generation, require highly efficient performance with less resistive losses require highly specialized workforce and good research.
In April 2024, Continental launched its zone control units for European and Asian car manufacturers and implemented server-based architecture with high-performance computers for the manufacturing of software-defined vehicles worldwide. Zone control units control the real-time functions, signal-to-service conversion, communication management and decentralized energy supply in vehicles.
The cooling system plays an important role in maintaining the optimum temperature of the engine, as on temperature there is a significant increase in NOx emission, also at high temperatures engine seizures can happen causing the immediate breakdown of the vehicle so it is very important to have a good coolant system.
Germany Auto Parts Manufacturing Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
Market Breakup by Vehicle Type
Market Breakup by Sales Channel
Market Breakup by Region
The vehicle market is segmented by vehicle type into two-wheelers, passenger cars, and commercial vehicles. Passenger cars are dominated by sedans, hatchbacks, and SUVs, catering to individual and family transportation needs. This segment will continue to rise as there is a significant rise in the disposable incomes of individuals, growing urbanisation, and technological advancements such as electric vehicles and autonomous driving features. Two-wheelers are popular in densely populated regions and offer cost-effective and efficient mobility. The rapid rise in the number of automobiles is fueling the growth of auto parts manufacturing in Germany.
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers and acquisitions, investments, and capacity expansion.
Major players in the vehicle market dominate the market through their extensive product portfolios, global distribution networks, and continuous innovation in vehicle technology, including advancements in electric and autonomous vehicles.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Component |
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Breakup by Vehicle Type |
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Breakup by Sales Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at USD 100.51 billion in 2023.
The market is projected to grow at a CAGR of 2.26% between 2024 and 2032.
The revenue generated from the auto parts manufacturing market is expected to reach USD 122.91 billion in 2032.
The auto parts manufacturing market is categorised based on components, which include batteries, cooling systems, underbody components, engine components, transmissions, and steering systems.
The key players in the key players in the auto parts manufacturing market are Robert Bosch GmbH, Denso Corp., Continental AG, ZF Friedrichshafen AG, Marelli Holdings Co., Ltd., Panasonic Holdings Corp, Sumitomo Electric Industries, Ltd., Magna International Inc., Valeo S.A., Hyundai Motor Co., among others.
Based on the sales channel, the market is divided into OEM and Aftermarket.
Based on the sales channel, the market is divided into two-wheelers, passenger cars and commercial vehicles.
The market is broken down into North Rhine-Westphalia, Bavaria and Baden-Württemberg.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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