What is Automotive Distributor Market Scope?
Automotive distributors manufacture goods that are used in the production process of an automobile or become a part of an automobile. Also, they supply these goods directly or indirectly to an automobile manufacturer, synonymous with Original Equipment Manufacturer (OEM). Economic conditions, consumer preferences, government, and technological advances are the major factors driving the global automotive distributor market growth. The shift toward electrification, autonomous driving, connected technologies, and shared mobility can propel the market during the forecast period.
|Unit||Value (USD Million)|
|Key Companies Profiled||Denso (Japan), Magna International (Canada), Robert Bosch (Germany), Valeo (France), Faurecia (France), Continental AG (Germany), Changan Automobile (China), Michelin (France), ZF Friedrichshafen (Germany) and Aisin (Japan)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
The Automotive Distributor market study is being classified by Type (Tier 1, Tier 2 and Tier 3), by Application (OEM and Aftermarket) and major geographies with country level break-up.
Global Automotive Distributor is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Denso (Japan), Magna International (Canada), Robert Bosch (Germany), Valeo (France), Faurecia (France), Continental AG (Germany), Changan Automobile (China), Michelin (France), ZF Friedrichshafen (Germany) and Aisin (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hyundai Mobis (South Korea).
Analyst at AMA have segmented the market study of Global Automotive Distributor market by Type, Application and Region.
On the basis of geography, the market of Automotive Distributor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 23rd July 2021, Magna announced the acquisition of Veoneer. The acquisition builds on Magna's strengths and positions the company's advanced driver assistance systems (ADAS). Also, the acquisition expands Magna's ADAS business with major customers and provides access to new customers and regions, including Asia.
On 31st January 2022, Faurecia acquired Hella GmbH & Co. Combination of the two companies creates the 7th largest global automotive supplier and a global market leader in high-growth technology areas. Both companies aim to further expand their market position, especially in Electric Mobility, Automated Driving, and Vehicle Interior Design, and to further strengthen their position across customers and regions.
Influencing Market Trend
- Demand for the High-Quality Automotive Dealer Management System
- Robotic Automation in Automotive Industry
- Increasing Spending on Research and Development Activities by Automotive Manufacturers
- Rapid Shift towards Lighter Materials Coupled with the Trend towards Electric Vehicles
- The Adoption of Advanced Technologies, Including Automation, Robots, Big Data, and Related Smart Factory Solutions, will help Automotive Players Unlock Competitive Advantages
- Lack of Engine Performance, such as Stalling, Misfiring, and Poor Acceleration
- High Competition between Key Players
- Rising Environmental Awareness and a Surging Desire to Connect Vehicles to the Internet
- Concerns Related to the Supply Chain and Technology Convergence
Key Target AudienceAutomotive Distributor Industry Verticals, Regulatory Bodies, New Entrants, Potential Investors, Research and Development Institutes and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Automotive Distributor market expands?
The Global Automotive Distributor market is expected to see a growth of % during projected year 2021 to 2027.
2. Who are the prominent players of the Global Automotive Distributor market?
The prominent players of Global Automotive Distributor market are Denso (Japan), Magna International (Canada), Robert Bosch (Germany), Valeo (France), Faurecia (France), Continental AG (Germany), Changan Automobile (China), Michelin (France), ZF Friedrichshafen (Germany) and Aisin (Japan), to view complete player list click here
3. What are the top priorities to focus for Automotive Distributor markets growth?
In this highly competitive & fast evolving Automotive Distributor industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.