Automotive Ancillaries' Products Market By Component, By Application, By Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The global automotive ancillaries' products market size was valued at $15,380 million in 2022 and is projected to reach $28,583 million by 2032, registering a CAGR of 6.6% from 2023 to 2032.

The automotive ancillaries' products are a part of the automotive industry that is majorly indulged in the production and supply of various automotive components, parts, and related accessories. Automotive ancillaries' products are used in the repair, maintenance, and aesthetic enhancement of vehicles. Automotive ancillaries' products are an essential part of the automobile industry as they allow enhanced functioning, safety, and performance of a vehicle. Ancillaries' products include engine parts, braking systems, electrical systems, safety features, interior components, and communication solutions.

Automotive Ancillaries' Products Market - IMG1

In recent years, due to an increase in concerns of climate change, air pollution and surge in vehicle emissions have resulted in growing consumer preferences toward electric and hybrid powertrain vehicles. Moreover, government and regulatory bodies across the globe have implemented stringent regulations and emissions standards, which have forced automobile manufacturers to develop more environmentally friendly vehicles with higher fuel economy and lower emissions.

Globally, in recent years there has been growth in sales of EV and other hybrid powertrain vehicles. According to data from the International Energy Agency, in 2020, the share of EVs accounted for 4% of the overall global automobile sales, in 2022 it accounted for 14% of the overall market share. Over 2.3 million EVs were sold globally in the first quarter of 2023, according to the agency. The increase in sales of electric and hybrid cars is attributed to increased technical improvement, the availability of more model alternatives, and the government's substantial subsidy & tax benefits. Furthermore, many major countries across the globe have set a Net Zero Emission Target by 2030, which projects that by 2030, 100% of all vehicles sold are going to be electric or hybrid motor automobiles. Thus, the rise in trend of vehicle electrification and hybridization are anticipated to provide a lucrative market growth opportunity during the forecast period.

However, the fluctuation in the price of raw material significantly hampers the growth of the automotive ancillaries' products market. Raw materials are an essential element in the manufacturing of automotive ancillaries' products, such as engine transmission and suspension components, electrical parts, sheet metal parts, and body & chassis. The fluctuation in the price of raw materials significantly increases the overall production cost of vehicles, thus hampering the growth of the market.

For instance, the Russia-Ukraine war resulted in steep increase in prices of raw steel, thus significantly impacting the ancillaries' products market globally.

Russia and Ukraine generated around 5-7% of world steel demand. However, the conflict caused 90% of Ukrainian steel production facilities to cease operations. For instance, Azovstal and Illich Steel facilities located in Mariupol, which account for about 41% of Ukrainian steel production, completely halted their production due to war. Similarly, major countries enacted sanctions on Russian companies, resulting in a decline in the import of steel from Russia. Thus, the fluctuation in the price of raw materials is anticipated to significantly impact the automotive ancillaries' products market.

The global automotive ancillaries' products market growth is driven by an increase in global automobile sales, surge in popularity of vehicle electrification & hybridization, and an increase in trend toward weight reduction in automobiles. However, factors such as fluctuation in the price of raw materials and strengthening regulatory compliances are anticipated to hinder market growth during the forecast period. Furthermore, an increase in the R&D of autonomous and connected vehicle technologies is expected to present attractive market growth prospects.

The global automotive ancillaries' products market is segmented on the basis of component application and distribution channel, and region. On the basis of component, the market is divided into engine transmission & suspension components, electrical parts, sheet metal parts & body and chassis, cleaning maintenance and repair products and others. On the basis of application, the market is fragmented into commercial vehicles and passenger vehicles. By distribution channel, the market is classified into OEM and aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

The key companies profiled in the report include Robert Bosch GmbH, Uno Minda, Continental AG, NIPPON, Duncan Engineering Ltd, ZF Friedrichshafen AG, DENSO CORPORATION, Magna International Inc, AISIN CORPORATION, and Lear Corporation.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive ancillaries' products market analysis from 2022 to 2032 to identify the prevailing automotive ancillaries' products market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive ancillaries' products market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive ancillaries' products market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

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Upcoming/New Entrant by Regions
Go To Market Strategy
Additional company profiles with specific to client's interest
SWOT Analysis

Key Market Segments

By Distribution Channel

OEM
Aftermarket

By Component

Engine Transmission and suspension components
Electrical parts
Sheet metal parts and body and chassis
Cleaning, maintenance, and repair products
Others

By Application

Commercial Vehicle
Passenger Vehicle

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Spain
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East And Africa

Key Market Players:

Robert Bosch GmbH
Uno Minda
Continental AG
Nippon
Duncan Engineering Ltd
ZF Friedrichshafen AG
DENSO CORPORATION
Magna International Inc
AISIN CORPORATION
Lear Corporation

Product Code: A185104

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: AUTOMOTIVE ANCILLARIES' PRODUCTS MARKET, BY COMPONENT

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Engine Transmission and suspension components
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Electrical parts
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Sheet metal parts and body and chassis
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Cleaning, maintenance and repair products
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. Others
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country

CHAPTER 5: AUTOMOTIVE ANCILLARIES' PRODUCTS MARKET, BY APPLICATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Commercial Vehicle
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Passenger Vehicle
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: AUTOMOTIVE ANCILLARIES' PRODUCTS MARKET, BY DISTRIBUTION CHANNEL

6.1. Overview
- 6.1.1. Market size and forecast
6.2. OEM
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Aftermarket
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: AUTOMOTIVE ANCILLARIES' PRODUCTS MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Component
- 7.2.3. Market size and forecast, by Application
- 7.2.4. Market size and forecast, by Distribution Channel
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Component
  - 7.2.5.1.2. Market size and forecast, by Application
  - 7.2.5.1.3. Market size and forecast, by Distribution Channel
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Component
  - 7.2.5.2.2. Market size and forecast, by Application
  - 7.2.5.2.3. Market size and forecast, by Distribution Channel
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Component
  - 7.2.5.3.2. Market size and forecast, by Application
  - 7.2.5.3.3. Market size and forecast, by Distribution Channel
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Component
- 7.3.3. Market size and forecast, by Application
- 7.3.4. Market size and forecast, by Distribution Channel
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Market size and forecast, by Component
  - 7.3.5.1.2. Market size and forecast, by Application
  - 7.3.5.1.3. Market size and forecast, by Distribution Channel
  - 7.3.5.2. France
  - 7.3.5.2.1. Market size and forecast, by Component
  - 7.3.5.2.2. Market size and forecast, by Application
  - 7.3.5.2.3. Market size and forecast, by Distribution Channel
  - 7.3.5.3. UK
  - 7.3.5.3.1. Market size and forecast, by Component
  - 7.3.5.3.2. Market size and forecast, by Application
  - 7.3.5.3.3. Market size and forecast, by Distribution Channel
  - 7.3.5.4. Spain
  - 7.3.5.4.1. Market size and forecast, by Component
  - 7.3.5.4.2. Market size and forecast, by Application
  - 7.3.5.4.3. Market size and forecast, by Distribution Channel
  - 7.3.5.5. Rest of Europe
  - 7.3.5.5.1. Market size and forecast, by Component
  - 7.3.5.5.2. Market size and forecast, by Application
  - 7.3.5.5.3. Market size and forecast, by Distribution Channel
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Component
- 7.4.3. Market size and forecast, by Application
- 7.4.4. Market size and forecast, by Distribution Channel
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Component
  - 7.4.5.1.2. Market size and forecast, by Application
  - 7.4.5.1.3. Market size and forecast, by Distribution Channel
  - 7.4.5.2. India
  - 7.4.5.2.1. Market size and forecast, by Component
  - 7.4.5.2.2. Market size and forecast, by Application
  - 7.4.5.2.3. Market size and forecast, by Distribution Channel
  - 7.4.5.3. Japan
  - 7.4.5.3.1. Market size and forecast, by Component
  - 7.4.5.3.2. Market size and forecast, by Application
  - 7.4.5.3.3. Market size and forecast, by Distribution Channel
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Market size and forecast, by Component
  - 7.4.5.4.2. Market size and forecast, by Application
  - 7.4.5.4.3. Market size and forecast, by Distribution Channel
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Market size and forecast, by Component
  - 7.4.5.5.2. Market size and forecast, by Application
  - 7.4.5.5.3. Market size and forecast, by Distribution Channel
7.5. Latin America
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Component
- 7.5.3. Market size and forecast, by Application
- 7.5.4. Market size and forecast, by Distribution Channel
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Market size and forecast, by Component
  - 7.5.5.1.2. Market size and forecast, by Application
  - 7.5.5.1.3. Market size and forecast, by Distribution Channel
  - 7.5.5.2. Argentina
  - 7.5.5.2.1. Market size and forecast, by Component
  - 7.5.5.2.2. Market size and forecast, by Application
  - 7.5.5.2.3. Market size and forecast, by Distribution Channel
  - 7.5.5.3. Rest of Latin America
  - 7.5.5.3.1. Market size and forecast, by Component
  - 7.5.5.3.2. Market size and forecast, by Application
  - 7.5.5.3.3. Market size and forecast, by Distribution Channel
7.6. Middle East and Africa
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by Component
- 7.6.3. Market size and forecast, by Application
- 7.6.4. Market size and forecast, by Distribution Channel
- 7.6.5. Market size and forecast, by country
  - 7.6.5.1. GCC Countries
  - 7.6.5.1.1. Market size and forecast, by Component
  - 7.6.5.1.2. Market size and forecast, by Application
  - 7.6.5.1.3. Market size and forecast, by Distribution Channel
  - 7.6.5.2. South Africa
  - 7.6.5.2.1. Market size and forecast, by Component
  - 7.6.5.2.2. Market size and forecast, by Application
  - 7.6.5.2.3. Market size and forecast, by Distribution Channel
  - 7.6.5.3. Rest of Middle East And Africa
  - 7.6.5.3.1. Market size and forecast, by Component
  - 7.6.5.3.2. Market size and forecast, by Application
  - 7.6.5.3.3. Market size and forecast, by Distribution Channel

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Robert Bosch GmbH
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. Uno Minda
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. Continental AG
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. Nippon
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Duncan Engineering Ltd
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. ZF Friedrichshafen AG
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. DENSO CORPORATION
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. Magna International Inc
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. AISIN CORPORATION
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
9.10. Lear Corporation
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments