DUBLIN--(BUSINESS WIRE)--The "North America Automotive Parts Packaging Market to 2027 - Regional Analysis and Forecasts by Product Type; Packaging Type; and Component" report has been added to ResearchAndMarkets.com's offering.
The North America automotive parts packaging market accounted for US$ 414.7 Mn in 2018 and is expected to grow at a CAGR of 2.8% over the forecast period 2019-2027, to account for US$ 531.2 Mn in 2027.
The rising demand for aftermarket automotive parts is the key driver that is propelling the growth of the automotive parts packaging market. Moreover, the increase in the adoption of electric vehicles is expected to boost the automotive parts packaging market growth in the forecast period. The automotive industry has experienced the emergence of several new carmakers over the years. The automotive giants are always eyeballing on electric vehicle manufacturing as the section has attracted several customers globally.
Major players catalyzing the market for electric vehicles worldwide include Tesla, BMW, Nissan, Ford, and Volkswagen, among others. As per the International Energy Agency, the global fleet of electric vehicles grew to 3.1 Mn in 2017, marking a 54% growth over the last year. The electrification of automobiles is ushering the automotive industry and the industries associated with it to a greater extent.
With the rising electric vehicle production, the requirement for a large and diversified number automotive parts and components is increasing. The US is witnessing the adoption of electric vehicles, and the growth is soaring at a rapid rate year on year. The automotive parts packaging market players are focusing on various initiatives to enhance their capabilities and boost its position in the market.
The automotive parts packaging market is fragmented in nature due to the presence of several industries, and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the automotive parts packaging market further.
Some of the players present in automotive parts packaging market are
- Ckdpack Packaging Inc.
- DS Smith Plc
- Signode Packaging Systems
- JIT Packaging
- The Nefab Group
- Pacific Packaging Products Inc.
- Pratt Industries, Inc.
- Sealed Air Corp.
- Smurfit Kappa
- Sonoco Products Co.
Key Topics Covered:
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Automotive Parts Packaging Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 North America - PEST Analysis
5. Automotive Parts Packaging Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising demand for aftermarket automotive parts
5.2 Key Market Restraints
5.2.1 Lack of Standardized Regulation
5.3 Key Market Opportunities
5.3.1 Increase in Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Rising demand for autonomous car is anticipated to flourish the market growth
5.5 Impact Analysis Of Drivers And Restraints
6. Automotive Parts Packaging Market - North America
6.1 North America Automotive Parts Packaging Market Overview
6.2 North America Automotive Parts Packaging Market Forecast and Analysis
7. North America Automotive Parts Packaging Market Revenue And Forecasts To 2025 -Product Type
7.2 North America Product Type Market Forecasts and Analysis
7.6 Bags & Pouches
8. North America Automotive Parts Packaging Market Revenue And Forecasts To 2025 - By Packaging Type
8.2 North America Packaging Type Market Forecasts and Analysis
9. North America Automotive Parts Packaging Market Revenue And Forecasts To 2025 -Component
9.2 North America Component Market Forecasts and Analysis
9.4 Cooling Systems
9.5 Lighting Component
9.6 Engine Component
10. North America Automotive Parts Packaging Market - Country Analysis
11. Industry Landscape
11.1 Merger & Acquisition
11.2 Market Initiative
11.3 New Product Development
12. Key Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/58mtxg