TechNavio today launched its report Global Auto Components Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Automotive team said; ”The increasing volume of exports from developing countries is one of the major trends in the Global Auto Components market. As a result of rising manufacturing costs, existing players in this market are shifting their operations to low-cost countries where they can get labor, raw materials, and other facilities at low cost. This helps them to keep their manufacturing costs low and gives them an edge over their competitors. Currently, China alone exports a huge number of auto components to North America and Europe, annually. This value of exports is expected to further increase in the future, thereby leading to the growth of the Global Auto Components market.”
According to the report, the demand for vehicles directly influences the demand for auto components. The Global Vehicle market will produce huge numbers of units by 2015. As a result of the increasing production of passenger and commercial vehicles and the increasing demand for the same, the demand for auto components such as automotive compressors, engines, and engine parts is witnessing an upward trend. This is leading to the growth of the Global Auto Components market. Furthermore, the increasing demand for passenger vehicles in the APAC region is leading to the growth of the Global Auto Components market.
Further, the report also discusses that the increasing concern for the environment is one of the major challenges faced by this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-auto-components-market-2011-2015
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TechNavio Announces the Publication of its Report – Global Auto Components Market 2011-2015
