Global demand for motor vehicle parts is forecast to expand 2.0% p.a. between 2015 and 2019. China, Germany, Japan, South Korea and the United States are considered the highest potential markets in the coming years.

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global motor vehicle part industry is forecast to reach 2.0% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 6.5%. Currently, diesel and semi-diesel engine parts account for 6.8% of the global demand while the remaining market share is divided between spark-ignition engine parts (8.8%), brake system parts (6.9%), bumpers (1.3%), clutches (2.2%), drive axles and non-driving axles (4.4%), exhaust pipes and silencers (1.6%), radiators (1.5%), safety seat belts (0.5%), shock absorbers (3.7%), steering wheels, steering boxes and steering columns (4.4%), transmissions (18.2%), wheels (5.2%) and other motor vehicle parts (34.4%).

China, Germany, Japan, South Korea and the United States represent the largest motor vehicle part markets while the strongest annual growth is forecast to occur in Macedonia (11.2%), Bolivia (6.4%), Ethiopia (5.7%), Peru (5.3%) and Czech Republic (5.3%).

Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential motor vehicle part markets in the coming years are:

The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date industry data on the actual market situation, trends, and future outlook for motor vehicle parts in the world and individually for the following countries:

Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Belgium, Bolivia, Brazil, Bulgaria, Canada, Chile, China, Colombia, Cyprus, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hungary, India, Indonesia, Iran, Ireland, Italy, Japan, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Latvia, Lebanon, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Mongolia, Morocco, Netherlands, Norway, Oman, Pakistan, Panama, Peru, Poland, Portugal, Qatar, Romania, Russia, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Tanzania, Thailand, Trinidad and Tobago, Turkey, Ukraine, United Kingdom, United States, Vietnam, Yemen

The reports include historic data from 2008 to 2014 and forecasts until 2019 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.

The reports help answer the following questions:

- What is the current size of the motor vehicle part market in the world and in different countries?
- How is the motor vehicle part market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?

The latest industry data included in these reports:

- Overall motor vehicle part market size, 2008-2019
- Motor vehicle part market size by product segment, 2008-2019
- Growth rates of the overall market and different product segments, 2008-2019
- Shares of different product segments of the overall market, 2008, 2014 and 2019
- Market potential rates of the overall market and different product segments

The market data is given for the following product segments:

Diesel and semi-diesel engine parts
Spark-ignition engine parts
Brake system parts
Bumpers
Clutches
Drive axles and non-driving axles
Exhaust pipes and silencers
Radiators
Safety seat belts
Shock absorbers
Steering wheels, steering boxes and steering columns
Transmissions
Wheels
Other motor vehicle parts