Germany Auto Components Market to Cross € 51 Billion by 2021
Increasing
vehicle production, rising sale of vehicles and growing vehicle exports to fuel
Germany automotive components market in the coming years
According to TechSci Research
report, “Germany Automotive Components
Market
By Vehicle Type, By Demand
Category, By Component Type, Competition Forecast and Opportunities, 2011 - 2021”, automotive components
market in Germany is forecast to surpass € 51 Billion ($58 Bn) by 2021. In
addition to a huge domestic automobile industry, Germany is one of the
prominent global exporter of automobiles. With surging demand for automobiles
from international markets, the automotive components market in Germany is
anticipated to witness growth in the coming years. Moreover, presence of more
than 40 automobile assembly and production plants in the country is a huge
positive for the country’s automotive components market.
Browse 26 market data Tables and 25 Figures
spread through 120 Pages and an in-depth TOC on "Germany Automotive Components
Market"
https://www.techsciresearch.com/report/germany-automotive-components-market-by-vehicle-type-pc-lcv-m-hcv-2w-3w-otr-by-demand-category-oem-vs-replacement-by-component-type-engine-parts-body-chassis-suspension-brakes-competition-forecast-and-opportunities-2011-2021/762.html
In
2015, South West region dominated the automotive components market in Germany,
followed by South East region. Backed by presence of leading automobile
manufacturers in the country’s South West region, the region’s dominance is
expected to continue through 2021. With a huge passenger car fleet, automotive components market in
Germany is dominated by the passenger car segment. Robert Bosch GmbH is the largest
automotive components manufacturer operating in the country. With an advantage
of being a domestic manufacturer, strong distribution network across the
country, and increasing number of collaboration with major car manufacturers, Robert
Bosch is expected to maintain its leadership position in the coming years.
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“Expanding
passenger car fleet size, economic stability and favorable government policies
are expected to drive growth in Germany automotive components market over the
course of next five years. Growing initiatives to make Germany an automotive components
hub coupled with continuous government efforts to attract foreign investments
into the country are expected to boost Germany automotive components market
during the forecast period.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Germany Automotive
Components Market By Vehicle
Type, By Demand Category, By Component Type, Competition Forecast and
Opportunities, 2011 - 2021” has evaluated the future growth
potential of automotive components market and provides statistics and information
on market size, consumer behavior and trends. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyzes the emerging
trends along with essential drivers, challenges and opportunities in automotive
components market of Germany.
TechSci Research
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research reports. Serving 700 global clients with more than 600 premium market
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employing innovative research solutions and tracking global and country
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market trends.
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