DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ng8vrl/global_automotive) has announced the addition of the "Global Automotive Component Outsourcing Market 2012-2016" report to their offering.
TechNavio's analysts forecast the Global Automotive Component Outsourcing market to reach US$855 billion by 2016. One of the key factors contributing to this market growth is the growing Global Automobile market. The Global Automotive Component Outsourcing market has also been witnessing increasing exports from emerging countries. However, stringent emission norms cost could pose a challenge to the growth of this market.
TechNavio's report, the Global Automotive Component Outsourcing market, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Automotive Component Outsourcing market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Aisin Seiki Co. Ltd., Denso Corp., Magna International Inc., and Robert Bosch GmbH
The other vendors mentioned in the report are Continental AG, Johnson Controls Inc., ZF Friedrichshafen AG, and Faurecia S.A.
Commenting on the report, an analyst from TechNavio's Automotive team said: ''The increasing number of automobile enterprises is another driver leading to the growth of the Global Automotive Component Outsourcing market. The Global Automobile Enterprises market is expected to grow massively during the forecast period. To reduce the supply and demand gap, existing companies are collaborating with other firms by setting up new enterprises. Also, new enterprises are entering in the Global Automobile Manufacturing industry due to its steady growth potential which is propelling the growth of the Global Automotive Component Outsourcing market.''
According to the report, the demand for vehicles directly influences the demand for auto components. The continuously increasing demand for vehicles across the globe is driving the demand for auto component outsourcing. Furthermore, the increasing demand for passenger vehicles in the APAC region is leading to the growth of the Global Automotive Component Outsourcing market.
For more information visit http://www.researchandmarkets.com/research/ng8vrl/global_automotive