Europe Automotive Parts Packaging Market to Witness Growth Acceleration During 2019-2027
The automotive parts packaging market in Europe is expected to grow from US$ 698.4 Mn in 2018 to US$ 968.7 Mn by the year 2027 with a CAGR of 3.8% from the year 2019 to 2027.
The increase in vehicle production in Europe and the increase in the sales of aftermarket automotive parts are bolstering the growth of the automotive parts packaging market. Moreover, the growth in the electric vehicle market is anticipated to boost automotive parts packaging market growth in the forecast period. The automobile manufacturers worldwide are experiencing significant demand for vehicles ranging from passenger vehicles, LCV, and HCV. Higher disposable income in the developed countries and increasing purchasing power capacity among the population in developing countries is significantly driving automobile procurement. The constant pressure on automobile manufacturers to deliver a large number of vehicles to meet consumer demand is catalyzing the production statistics of vehicle manufacturing. For instance, as per the Organization Internationale des Constructeurs d’Automobiles (OICA), the total production of a passenger car in Europe at the end of the year 2017 is 19.6 Mn units as compared to 19.1 Mn units in the year 2016. Hence, the increasing production of heavy commercial vehicles and passenger cars is bound to drive the market for automotive parts packaging market. Since the assembly of vehicles and manufacturing of components often takes place in different manufacturing facilities, there is a significant need for proper packaging of these components.
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The crates segment is one of the leading product types with the highest market share in Europe automotive parts packaging market. Similar to pallets, even crates can be of different materials including, wood, plastic, and metal, among others. Generally, crates are used for shipping heavy items. Specified crates can be designed for specified products and are often made to be reused. Wooden and plastic crates are preferred material for shipping automotive parts. However, the wooden crate is the most preferred in the shipping industry. They are low-priced and easy to repair. Also, they are made of interchangeable and recyclable material; thus, they can be remade, resold, or repurposed. Plastic crates are considerably expensive in comparison to wooden crates and do require a far more complex process to replace. However, the longer shelf life and easy to reuse factor is bolstering their demand.
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Automotive parts packaging Market – Companies Mentioned
PART 1. INTRODUCTION
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3 MARKET SEGMENTATION
1.3.1 Europe Automotive Parts Packaging Market – By Product Type
1.3.2 Europe Automotive Parts Packaging Market – By Packaging Type
1.3.3 Europe Automotive Parts Packaging Market – By Component
1.3.4 Europe Automotive Parts Packaging Market – By Country
PART 2. KEY TAKEAWAYS
PART 3. RESEARCH METHODOLOGY
3.1 COVERAGE
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
PART 4. AUTOMOTIVE PARTS PACKAGING MARKET LANDSCAPE
4.1 MARKET OVERVIEW
4.2 ECOSYSTEM ANALYSIS
4.3 PEST ANALYSIS
4.3.1 Europe – PEST Analysis
PART 5. AUTOMOTIVE PARTS PACKAGING MARKET – KEY INDUSTRY DYNAMICS
5.1 KEY MARKET DRIVERS
5.1.1 Increase in vehicle production in Europe
5.1.2 Increase in the sales of aftermarket automotive parts is bolstering the market growth
5.2 KEY MARKET RESTRAINTS
5.2.1 Less focus on creating common regulations for automotive parts packaging
5.3 KEY MARKET OPPORTUNITIES
5.3.1 Growth in Electric Vehicle Market
5.4 FUTURE TRENDS
5.4.1 The growth trajectory of fully-autonomous cars is foreseen to stimulate the market growth
5.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
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