In 2023, the number of enterprises in the motor vehicle parts and accessories sector in Brazil stood at 560. Forecasts for the subsequent years predict a declining trend, with the number of enterprises projected to decrease to 506 in 2024, 452 in 2025, 399 in 2026, 347 in 2027, and 297 by 2028. This represents a continuous decline in the number of these enterprises with a yearly percentage decrease observable from 2024 onwards.
Key points to watch for in future trends include:
- Impact of global supply chain shifts and technological advancements in manufacturing.
- Resilience and adaptation strategies of enterprises in the face of market pressures and environmental regulations.
- Potential consolidation in the industry as smaller enterprises may be acquired or go out of business.
- Influence of government policies on the automotive sector, such as incentives for electric vehicle components production.