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Motor Vehicle Parts Manufacturing Global Market Report 2018

Motor Vehicle Parts Manufacturing Global Market Report 2018

  • February 2018
  • 250 pages
  • ID: 5308754

Summary

Table of Contents

The motor vehicle parts manufacturing industry comprises companies manufacturing motor vehicle parts including engines. This industry includes companies manufacturing new motor vehicle parts as well as spare parts. This market includes companies manufacturing motor vehicle parts for both original equipment manufacturers and replacement market.

Asia Pacific was the largest region in the motor vehicle parts manufacturing market in 2017, accounting for 45% market share. This was due to a large middle class population in China and India, availability of skilled manpower to manufacture motor vehicle parts for automakers in this region.

Western Europe was the second largest region accounting for 20% market share. Africa was the smallest region accounting for 3% market share.

Motor vehicle parts manufacturers are producing engines that offer higher fuel economy and better performance. Efficient combustion engines increase the fuel economy of motor vehicles and also enable motor vehicle manufacturers to meet emission norms of several state and national governments across the world.

They are using technologies such as advanced ignition, direct fuel injection, variable valve timing, and advanced transmission to reduce engine size and increase its power. For instance, in December 2016, automotive manufacturer Toyota launched new engines based on its Toyota New Global Architecture (TNGA) for standard gasoline and hybrid vehicles. TNGA-based motor vehicle engines are expected to offer 20% better fuel economy and 10% better power performance, as compared to Toyota’s existing engines.

Please note: this report requires certain updates. We have all the information available but require 3 working days business days to complete the process and ensure it is as up-to-date as possible.


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