The Transport Vehicle Components Global Market Report 2023, provides comprehensive information on the transport vehicle components market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global transport vehicle components market size is expected to grow from $2.05 billion in 2022 to $2.20 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global transport vehicle components market size is expected to grow to $2.89 billion in 2027 at a CAGR of 7.0%.
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Technological advancements are a key trend gaining popularity in the transport vehicle components market. Major companies operating in the market are focused on developing technological advanced products to strengthen their position in the market. For instance, in January 2021, FCA, a UK-based automaker that designs, engineers, manufactures, and sells vehicles, along with Engie EPS and Terna, Italy-based technology players in energy storage, hydrogen, and e-mobility, launched the first phase of a vehicle-to-grid (V2G) pilot project in Turin, Italy, to test potential connections of the company’s vehicles to the grid. Vehicle-to-grid technology enables owners of electric vehicles to use their batteries for additional purposes. This may include plugging in the car while it’s parked and allowing the electricity provider to control how the power is controlled, or it could more practically involve powering their own home.
The transport vehicle components market is segmented:
1) By Type: Motor Vehicle Body, Stamped Metal, Motor Vehicle Engine, Power Train and Parts, Motor Vehicle Electrical and Electronic Equipment, Steering Suspension, Interiors
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Component Type : Battery Packs, DC-DC Converters, Controller and Inverter, Motor, Onboard Charger
4) By Sale Channel: OEM (Original Equipment Manufacturer), Aftermarket
North America was the largest region in the transport vehicle components market in 2022.
The table of contents in TBRC’s transport vehicle components market report includes:
- Executive Summary
- Transport Vehicle Components Market Characteristics
- Transport Vehicle Components Market Trends And Strategies
- Transport Vehicle Components Market – Macro Economic Scenario
- Transport Vehicle Components Market Size And Growth
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- Africa Transport Vehicle Components Market
- Transport Vehicle Components Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Transport Vehicle Components Market
- Transport Vehicle Components Market Future Outlook and Potential Analysis
- Appendix
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