The Business Research Company’s latest report Motor Vehicle Engine, Power Train And Parts Global Market Report 2020 covers Motor Vehicle Engine Power Train And Parts Market drivers, Motor Vehicle Engine Power Train And Parts Market trends, Motor Vehicle Engine Power Train And Parts Market segments, Motor Vehicle Engine Power Train And Parts Market growth rate, Motor Vehicle Engine Power Train And Parts Market major players, and Motor Vehicle Engine Power Train And Parts Market size. The report provides in-depth analysis of the impact of COVID-19 on the Motor Vehicle Engine, Power Train And Parts industry, along with revised market numbers due to the effects of the coronavirus.
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Motor Vehicle Engine, Power Train And Parts Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global Motor Vehicle Engine Power Train And Parts Market is expected to decline from $847.3 billion in 2019 to $830 billion in 2020 at a compound annual growth rate (CAGR) of -2.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $1037.2 billion in 2023.
The report covers the Motor Vehicle Engine Power Train And Parts Market’s segments-
1) By Type: Vehicle Engine And Engine Parts, Power Train And Power Train Parts
2) By Application: Passenger Vehicle, Commercial Vehicle
3) By End Use: OEM, Aftermarket.
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