Automotive Parts and Components Market Engineered for Success Understanding the USD 553.2 Billion Sector
According to TechSci Research report, “ Automotive Parts and Components Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Automotive Parts and Components Market stood at USD 553.2 billion in 2022 and is anticipated to grow with a CAGR of 6.7% in the forecast period, 2024-2028. The Global Automotive Parts and Components Market is a critical and dynamic segment of the broader automotive industry. It encompasses a vast array of components that are essential for the design, production, and functioning of vehicles. These components cover a wide spectrum, ranging from powertrain and driveline systems to electronics, safety features, interiors, and exteriors. The automotive parts and components industry is intricately linked to the global vehicle production and consumption landscape. As vehicles become more advanced, incorporating cutting-edge technologies such as electrification, connectivity, ...