The global market for automotive contract manufacturing is projected to have a considerable CAGR of around 7.2% during the forecast period. In the automotive sector, contract manufacturing is highly prevalent owing to the ease of manufacturing the final product and increased productivity. The major factors that are augmenting the growth of the market include an increase in automotive sales across the globe, increasing the number of components per vehicle, and the availability of a skilled workforce and technology at a lower cost in emerging economies. For instance, in 2019, in India, around 3.81 million units combined sold in the passenger and commercial vehicles categories. The two-wheelers segment dominates the market in terms of volume owing to a growing middle class and a young population. Additionally, countries such as India, China, Brazil, Mexico are providing a significant infrastructure and cheaper workforce to OEMs for contract manufacturing which is motivating the shifting of component production from their production unit to a contractor.
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This Automotive Contract Manufacturing Market report briefly talks about the significance of every segment and growth aspects. It offers key statistics about major regions such as Europe, Asia Pacific, Middle East, Africa, North America and Latin America. This comprehensive Automotive Contract Manufacturing Market report works as a potent tool to allow key players get the right direction and guidance for companies to survive in the competitive market. Some of the major sectors are discussed in this Automotive Contract Manufacturing Market report such as manufacturing technology and industry applications. Competitors section, product type section and end-user section are the leading sections covered in this Automotive Contract Manufacturing Market study report. Entire market is covered in this Market report along with leading sections. It also covers basic overview of the entire market to help new entrants in making business easy going and forward.
All the significant parameters are also captured in this Automotive Contract Manufacturing Market research report. Key strategies are also captured here to help novel entrants to retain their position in the market. All the significant parameters are also discussed here along with market dynamics such as trends, challenges, opportunities and drivers. It also presents product specifications, company profile and 2022-2028 market shares for every company. Important information covered in this report enables key participants to know regarding the qualitative growth parameters of the global market. Quantifiable information covered in this Automotive Contract Manufacturing Market report helps to analyze country level and regional level data integrating the supply and demand strengths which are augmenting the market growth. It then goes on to talk about COVID-19 epidemic and how it several affected a number of major business sectors around the globe.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Contract Manufacturing Market Report Segment
By Services
- Design and Development
- Vehicle Assembly
- Automotive Electronics
- Component Manufacturing
By Vehicle Type
- Two Wheelers
- Passenger Cars
- Commercial Vehicle
- Construction and Agricultural Vehicle
Global Automotive Contract Manufacturing Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Automotive Contract Manufacturing market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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