Automotive Parts Packaging Market to 2027 - Global Analysis

The Automotive Parts Packaging Market was valued at US$ 2,182.6 Mn in 2018 and is projected to reach US$ 3,124.9 Mn by 2027; it is expected to grow at a CAGR of 4.1% from 2017 to 2027.

A wholly integrated vehicle comprises of a large number of small, medium size and large components that are assembled together at the automobile OEM level. When these parts are assembled at the automotive OEM assembly line, the vehicle manufacturers need to remain ensured that parts are received without any defects. The assembled parts are often transported over a long distance, and have to travel through different means of transport. Packaging solutions ensure that these components reach to the end-user in a complete pristine condition. A plethora of components together constitute the automotive parts including engines, vehicle interiors, decorative items, grillers, spoilers, and engine components etc. Automotive parts packaging solutions maximize the use of packaging space, reduce packaging wastes and thereby creating lesser stress on the environment.

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The report provides the current market size for Automotive Parts Packaging, defines trends and presents growth forecasts for nine years from 2019 to 2028. 2020 is considered as the base year, and 2022 to 2028 is forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of Automotive Parts Packaging Market for all the regions globally.

The scope of the Automotive Parts Packaging Market Report:

The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the Automotive Parts Packaging in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also provides market insights and analysis of the Automotive Parts Packaging, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.

Automotive Parts Packaging: Market Insights

The aftermarket or replacement market plays an important role in automotive parts packaging market. With the increasing awareness of preventive maintenance as well as scheduled servicing of vehicles, consumers today are focusing in maximizing the lifespan value of their existing vehicles. This has significantly bolster the growth of aftermarket parts and services demand globally and has generated new revenue opportunities for an extensive number of players operating in the automotive aftermarket industry. One of the significant trend gaining traction is the momentum of e-commerce or e-tailing. Companies are now offering automotive parts online thus, appealing several customers worldwide. Another, aftermarket trend is the DIY products, which is further helping the customers to buy products and install them in their vehicles by themselves. However, the major demand of for the aftermarket parts is from the vehicle service providers. 

Major highlights of the report:

·         All-inclusive evaluation of the parent market

·         Evolution of significant market aspects

·         Industry-wide investigation of market segments

·         Assessment of market value and volume in past, present, and forecast years

·         Evaluation of market share

·         Tactical approaches of market leaders

·         Lucrative strategies to help companies strengthen their position in the market

Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Automotive Parts Packaging Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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Major key players covered in this Automotive Parts Packaging Market report:

·         CMTP Packaging Pty Ltd

·         DS Smith Plc.

·         Encase Ltd.

·         JIT Packaging

·         Nefab group

·         Pacific Packaging Products Inc.

·         Pratt Industries Inc.

·         Sealed Air Corporation

·         Smurfit Kappa Group

·         Sonoco Products Company

Automotive Parts Packaging Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

Reason to Buy

·         Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automotive Parts Packaging Market.

·         Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.

·         The key findings and recommendations highlight crucial progressive industry trends in the Automotive Parts Packaging Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue. 

·         Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

·         Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

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