Which Country Produces the Most Motor Vehicle Accessories?
Motor Vehicles March 15, 2017
Photo: © Minerva Studio / Bigstockphoto
Global motor vehicle accessory market production was estimated at 1,217 billion USD in 2015, which was 1% more than in 2014. There was an annual increase of +6.2% for the period from 2007 to 2015.
According to market research conducted by IndexBox, China (567 billion USD), the U.S. (239 billion USD), Japan (115 billion USD), and Germany (66 billion USD) had the largest production of parts and accessories of motor vehicles in absolute volumes.
China (+13.5% per year) attained the most notable growth rates in production of parts and accessories of motor vehicles among the main producing countries from 2007 to 2015, while the other three global leaders (the U.S., Japan, and Germany) experienced more modest paces of growth. China was responsible for 77% of the increase in production of global parts and accessories of motor vehicles from 2007 to 2015, compared with 17% of the total increase attributed to the U.S.
This data illustrates that Chinese production of parts and accessories of motor vehicles has considerably boosted its export share over the last few years.
Top 10 countries producing the most motor vehicle accessories in 2015
Do you want to know more about the global motor vehicle accessory market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- motor vehicle accessory market share
- motor vehicle accessory prices
- motor vehicle accessory industry
- motor vehicle accessory sales
- motor vehicle accessory market forecast
- motor vehicle accessory price forecast
- key motor vehicle accessory producers
Source: World: Parts And Accessories Of Motor Vehicles - Market Report. Analysis and Forecast to 2025
