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Motor Vehicle Parts

Global demand for motor vehicle parts is forecast to expand 2.0% p.a. between 2015 and 2019. 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 are considered the highest potential markets in the coming years. 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%).

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