Auto Parts Market to grow by USD 354.9 Billion from 2024-2028, driven by technological advancements, Report on how AI is transforming the market - Technavio

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  • Author(s): PR Newswire
  • Source:
    PR Newswire US. 12/09/2024.
  • Additional Information
    • Alternate Title:
      PRWEB
    • Subject Terms:
      United States of America; United Kingdom; New York
    • Abstract:
      NEW YORK, Dec. 9, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global auto parts market size is estimated to grow by USD 354.9 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.2% during the forecast period. Increased usage of technological advancement in the global auto parts market is driving market growth, with a trend towards increasing M and A, and partnership. However, sharp decline in automobile production and sales poses a challenge. Key market players include 3M Co., AISIN CORP., Akebono Brake Industry Co. Ltd., Autoliv Inc., BorgWarner Inc., Brembo Spa, General Motors Co., HELLA GmbH and Co. KGaA, Hyundai Motor Co., Lear Corp., Magna International Inc., Marelli Holdings Co. Ltd., Robert Bosch GmbH, Schaeffler AG, Stellantis NV, Tenneco Inc., The Goodyear Tire and Rubber Co., Toyota Motor Corp., Valeo SA, and ZF Friedrichshafen AG. [ABSTRACT FROM PUBLISHER]