North America Motor Vehicle Parts Market (2020-2026) | Size, Revenue, Companies, Analysis, Trends, Outlook, COVID-19 IMPACT, Growth, Share, Industry, Value & Forecast

North America motor vehicles parts market growth is boosted by increasing demand for motor vehicles. Additionally, stringent regulatory rules and standards for car safety across the globe also drive market growth. Moreover, advanced technology usage in motor vehicles fabrication, rise in automobile manufacturing, and digitalization of motor vehicles repair and maintenance services are some of the factors boosting the market growth. However, though technological developments have originated numerous market opportunities, high R&D expenditures are likely to hamper market growth over the forecast period. Motor vehicle parts manufacturers face various constraints, such as increased production costs during manufacturing processes. Further due to the covid-19 pandemic, there was a financial impact on North America Motor Vehicles Parts market, including effects on results of operations, future periods and liquidity and capital resources. It led to a potential global recession. It affected the workforce and caused a reduction in productivity. It caused a decrease in consumer confidence reducing consumption. It led to supply chain disruptions and difficulties with funding.

According to 6wresearch, North America Motor Vehicle Parts Market size is anticipated to register growth during 2020-26. The development of the auto parts manufacturing industry in North America is primarily driven by the growing automobile manufacturing industry, especially in countries, such as the United States and Canada. The market in the United States is driven by the strong growth of the number of motor vehicles in use across the country. Increasing disposable income in developing countries, such as the United States, is having a positive impact on the aftermarket.

In terms of types, the motor vehicle parts market in North America is bifurcated into Motor Vehicle Body, Metal Stamping & Other Parts, Motor Vehicle Engine, Power Train & Parts, Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors. Further, in terms of application, North America motor vehicle parts market is segmented into passenger vehicles, commercial vehicles and industrial vehicles. Owing to its superior properties, end-users across industries such as Original Equipment Manufacturers (OEMs) and aftermarkets have started exhibiting strong demand for steel casting. Moreover, modern age production technologies like 3D printing of motor vehicles parts that enable efficient fabrication and reduce emission are being used extensively by major players in the aftermarket to optimize their production costs.

North America Motor Vehicles Parts market report thoroughly covers the market by type, application, end-users and key countries including the United States and Canada. North America motor vehicle parts market outlook report provides an unbiased and detailed analysis of the on-going North America motor vehicle parts market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.

Key Highlights

• Global Motor Vehicle Parts Market Outlook
• Global Motor Vehicle Parts Market Overview
• Global Motor Vehicle Parts Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Global Motor Vehicle Parts Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By End User
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Canada Motor Vehicle Parts Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for United States Motor Vehicle Parts Market
• Market Drivers and Restraints
• Global Motor Vehicle Parts Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Motor Vehicle Parts Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Application:
• Passenger Vehicle
• Industrial Vehicle
• Commercial Vehicle
• By End User:
• OEM
• Aftermarket
• By Type:
• Motor Vehicle Body, Metal Stamping & Other Parts
• Motor Vehicle Engine, Power Train & Parts
• Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors
• By Countries:
• United States
• Canada