Motor Vehicle Electrical & Electronic Equipment Steering Suspension & Interiors Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from Publisher provides the strategists, marketers and senior management with the critical information they need to assess the global motor vehicle electrical & electronic equipment, steering suspension, & interiors market as it emerges from the Covid 19 shut down.

Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Description:
Where is the largest and fastest growing market for the motor vehicle electrical & electronic equipment, steering suspension, & interiors- How does the market relate to the overall economy, demography and other similar markets- What forces will shape the market going forward- The Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors market global report from Publisher answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider motor vehicle electrical & electronic equipment, steering suspension, & interiors market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The motor vehicle electrical & electronic equipment, steering suspension, & interiors market section of the report gives context. It compares the motor vehicle electrical & electronic equipment, steering suspension, & interiors market with other segments of the motor vehicle parts manufacturing market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, motor vehicle electrical & electronic equipment, steering suspension, & interiors indicators comparison.

Scope

Markets Covered: 1) By Type: Motor Vehicle Electrical and Electronic Equipment; Motor Vehicle Steering and Suspension Components (except Spring); Motor Vehicle Seating and Interior Trim
2) By Application: Passenger Vehicle; Commercial Vehicle
3) By End Use: OEM; Aftermarket

Companies Mentioned: Bosch; Hyundai; Tennaco; DENSO; Hella

Metrics Covered: Number of Enterprises; Number of Employees

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, motor vehicle electrical & electronic equipment, steering suspension, & interiors indicators comparison.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.


Major companies in the motor vehicle electrical & electronic equipment, steering, suspension, & interiors market include Bosch; Hyundai; Tennaco; DENSO and Hella.

The global motor vehicle electrical & electronic equipment, steering suspension, & interiors market is expected to grow from $484.85 billion in 2020 to $510.6 billion in 2021 at a compound annual growth rate (CAGR) of 5.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $745.35 billion in 2025 at a CAGR of 10%.

The motor vehicle electrical & electronic equipment, steering, suspension, & interiors market consists of sales of motor vehicle electrical & electronic equipment, steering, suspension, & interiors and related services by entities (organizations, sole traders and partnerships) that produce and/or rebuild electrical and electronic equipment for motor vehicles and internal combustion engines, motor vehicle steering mechanisms and suspension components or motor vehicle seating, seats, seat frames, seat belts, and interior trimmings. The motor vehicle electrical & electronic equipment, steering suspension, & interiors market is segmented into motor vehicle electrical and electronic equipment; motor vehicle steering and suspension components (except spring) and motor vehicle seating and interior trim.

Asia Pacific was the largest region in the global motor vehicle electrical & electronic equipment, steering suspension, & interiors market, accounting for 39% of the market in 2020. North America was the second largest region accounting for 30% of the global motor vehicle electrical & electronic equipment, steering suspension, & interiors market. Africa was the smallest region in the global motor vehicle electrical & electronic equipment, steering suspension, & interiors market.

The demand for electric vehicles is increasing rapidly and this is expected to disrupt the automotive value chain. Engines of electric vehicles are less complicated than their gasoline counterparts, thus requiring fewer replacement parts over the lifetime of a car. Electrification of cars also means that components such as air-conditioning units, water pumps, brakes and steering systems will need to be adapted and designed to meet the requirements of electric cars. Since electric vehicles are manufactured with one-third the number of internal combustion engine (ICE) cars' components, less collaboration will be required between automaker and parts suppliers. This will decrease vehicle-to-component calibration, thus allowing parts suppliers to develop products with more autonomy. According to a report by EY firm, electric vehicles transformation in India may affect existing automobile spare part sales as EV is built with 20 moving parts while vehicles equipped with internal combustion engines have around 200 spare parts.

The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the motor vehicle electrical & Electronic equipment, steering suspension& interiors market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Transportation manufacturers depend heavily on supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of parts and components. Also, sales of new automobiles decreased significantly due to decline in consumer demand as many countries impose lockdowns. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle electrical & Electronic equipment, steering suspension& interiors market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Advances in technology are expected to be a continued driver of motor vehicle electrical & electronic equipment, steering suspension, & interiors market growth in the forecast period. The global transport manufacturing industry has experienced many technological advances in the last decade and this trend is expected to intensify. According to Forbes, the ten new features to expect in vehicles by 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalized in-car marketing and reconfigurable body panels. These innovations are expected to drive the motor vehicle motor vehicle electrical & electronic equipment, steering suspension, & interiors market during the forecast period.