Report Overview:
IMARC Group’s report, titled “Automotive Parts Manufacturing Plant Project Report 2024: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue,” provides a complete roadmap for setting up an automotive parts manufacturing plant. It covers a comprehensive market overview to micro-level information such as unit operations involved, raw material requirements, utility requirements, infrastructure requirements, machinery and technology requirements, manpower requirements, packaging requirements, transportation requirements, etc. The automotive parts project report provides detailed insights into project economics, including capital investments, project funding, operating expenses, income and expenditure projections, fixed costs vs. variable costs, direct and indirect costs, expected ROI and net present value (NPV), profit and loss account, financial analysis, etc.
Automotive Parts Market Analysis:
The market for automotive parts is witnessing continuous growth, induced by enthusiasts and consumers seeking personalized vehicles, along with the increasing focus on fuel efficiency and emissions reduction. As environmental regulations become rigorous and consumer awareness of climate modification grows, the demand for eco-friendly automotive parts continues to rise. According to McKinsey’s report, sales of low-emission cars are estimated to surge from 5% of global new-vehicle sales in 2020 to nearly 60% by 2030 . Prioritizing low-emission materials in automotive components is bolstering innovation toward more environmentally responsible production practices, thereby bolstering the market growth.
In addition to this, the extension of the FAME-II schemes until March 2024, emphasizes the government's commitment to raising vehicle electrification and enhancing safety standards in the automotive industry. Government incentives, such as tax credits and subsidies, play a pivotal role in compelling consumer adoption of electric vehicles (EVs) and encouraging investments in safety upgrades like enhanced driver assistance systems (ADAS), creating a positive outlook for market expansion.
Automotive Parts Market Trends:
Insurance Requirements
According to data from the Consumer Price Index (CPI), car insurance premiums see an annual increase of 20.6%. As a result, insurance companies often specify the use of particular parts for vehicle repair and protection, thereby affecting the demand for both original equipment manufacturer (OEM) and premium aftermarket parts. The insurance industry's preferences for these parts highlight the significance of maintaining vehicle safety and integrity, therefore shaping market dynamics in the automotive parts sector. Insurers accumulated $238 .7 billion in auto insurance premiums, marking a 27% surge from 2015, totaling USD 1.1 trillion. Additionally, during this time period, liability coverage amounted to 61% of the premiums, which included bodily injury, property damage liability, and others.
Connected Vehicles
The expansion of connected vehicles, which require seamless integration with smartphones and cloud-based services, is resulting in an intensified demand for connectivity modules, telematics devices, and in-car entertainment systems, which is further bolstering the market growth. In 2020, connected cars represented over 90% of all new cars sold in the USA alone, with 5G cars expected to represent over one-quarter of global connected car sales by 2025. These vehicles leverage internet connectivity to offer features such as real-time navigation, remote diagnostics, and improved entertainment options. Alongside, the inclusion of advanced technologies improves the driving experience and facilitates improved safety, efficiency, and accessibility for users, further boosting its market demand.
Latest Industry News:
The market is also being driven by increasing investments and capacity expansions:
- In February 2023, GlobalLogic Inc., partnered with a subsidiary of the Hitachi Group to establish a new automotive-focused software facility in Poland. This strategic move is part of Global Logic's ongoing commitment to assist car manufacturers globally in developing software-defined vehicles (SDVs). The decision was spurred by the collaborative efforts between Global Logic and Stellantis, a leading global automaker and mobility provider, as they advance their platform for SDVs. This enhanced partnership phase empowers Stellantis to optimize its capacity to innovate and provide adaptable open automotive platforms to meet evolving industry demands.
Key Insights for Automotive Parts Manufacturing Plant Setup
The following aspects have been covered in the automotive parts manufacturing plant report:
- Market Analysis:
- Market Trends
- Market Breakup by Segment
- Market Breakup by Region
- Price Analysis
- Impact of COVID-19
- Market Forecast
The report provides insights into the landscape of the automotive parts industry at the global level. The report also provides a segment-wise and region-wise breakup of the global automotive parts industry. Additionally, it also provides the price analysis of feedstocks used in the manufacturing of automotive parts, along with the industry profit margins.
- Detailed Process Flow:
- Product Overview
- Unit Operations Involved
- Mass Balance and Raw Material Requirements
- Quality Assurance Criteria
- Technical Tests
The report also provides detailed information related to the automotive parts manufacturing process flow and various unit operations involved in a manufacturing plant. Furthermore, information related to mass balance and raw material requirements has also been provided in the report with a list of necessary quality assurance criteria and technical tests.
- Project Details, Requirements and Costs Involved:
- Land, Location and Site Development
- Plant Layout
- Machinery Requirements and Costs
- Raw Material Requirements and Costs
- Packaging Requirements and Costs
- Transportation Requirements and Costs
- Utility Requirements and Costs
- Human Resource Requirements and Costs
The report provides a detailed location analysis covering insights into the land location, selection criteria, location significance, environmental impact, expenditure, and other automotive parts manufacturing plant costs. Additionally, the report provides information related to plant layout and factors influencing the same. Furthermore, other requirements and expenditures related to machinery, raw materials, packaging, transportation, utilities, and human resources have also been covered in the report.
Capital Expenditure (CapEx) and Operational Expenditure (OpEx) Analysis:
![Automotive Parts Manufacturing Plant Project Report](https://www.imarcgroup.com/CKEditor/8b8024fb-5be0-477a-a2be-7f5733ce47bemanufacturing-plant-raw-materials-(1).webp)
- Project Economics:
- Capital Investments
- Operating Costs
- Expenditure Projections
- Revenue Projections
- Taxation and Depreciation
- Profit Projections
- Financial Analysis
The report also covers a detailed analysis of the project economics for setting up an automotive parts manufacturing plant. This includes the analysis and detailed understanding of capital expenditure (CapEx), operating expenditure (OpEx), income projections, taxation, depreciation, liquidity analysis, profitability analysis, payback period, NPV, uncertainty analysis, and sensitivity analysis. Furthermore, the report also provides a detailed analysis of the regulatory procedures and approvals, information related to financial assistance, along with a comprehensive list of certifications required for setting up an automotive parts manufacturing plant.
Profitability Analysis:
Particulars |
Unit |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Total Income |
US$ |
XX |
XX |
XX |
XX |
XX |
Total Expenditure |
US$ |
XX |
XX |
XX |
XX |
XX |
Gross Profit |
US$ |
XX |
XX |
XX |
XX |
XX |
Gross Margin |
% |
XX |
XX |
XX |
XX |
XX |
Net Profit |
US$ |
XX |
XX |
XX |
XX |
XX |
Net Margin |
% |
XX |
XX |
XX |
XX |
XX |
Report Coverage:
Report Features |
Details |
Product Name |
Automotive Parts |
Report Coverage |
Detailed Process Flow: Unit Operations Involved, Quality Assurance Criteria, Technical Tests, Mass Balance, and Raw Material Requirements
Land, Location and Site Development: Selection Criteria and Significance, Location Analysis, Project Planning and Phasing of Development, Environmental Impact, Land Requirement and Costs
Plant Layout: Importance and Essentials, Layout, Factors Influencing Layout
Plant Machinery: Machinery Requirements, Machinery Costs, Machinery Suppliers (Provided on Request)
Raw Materials: Raw Material Requirements, Raw Material Details and Procurement, Raw Material Costs, Raw Material Suppliers (Provided on Request)
Packaging: Packaging Requirements, Packaging Material Details and Procurement, Packaging Costs, Packaging Material Suppliers (Provided on Request)
Other Requirements and Costs: Transportation Requirements and Costs, Utility Requirements and Costs, Energy Requirements and Costs, Water Requirements and Costs, Human Resource Requirements and Costs
Project Economics: Capital Costs, Techno-Economic Parameters, Income Projections, Expenditure Projections, Product Pricing and Margins, Taxation, Depreciation
Financial Analysis: Liquidity Analysis, Profitability Analysis, Payback Period, Net Present Value, Internal Rate of Return, Profit and Loss Account, Uncertainty Analysis, Sensitivity Analysis, Economic Analysis
Other Analysis Covered in The Report: Market Trends and Analysis, Market Segmentation, Market Breakup by Region, Price Trends, Competitive Landscape, Regulatory Landscape, Strategic Recommendations, Case Study of a Successful Venture
|
Currency |
US$ (Data can also be provided in the local currency) |
Pricing and Purchase Options |
Single User License: US$ 3450
Five User License: US$ 4450
Corporate User License: US$ 5450 |
Customization Scope |
The report can also be customized based on the requirement of the customer |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the automotive parts market performed so far and how will it perform in the coming years?
- What is the market segmentation of the global automotive parts market?
- What is the regional breakup of the global automotive parts market?
- What are the price trends of various feedstocks in the automotive parts industry?
- What is the structure of the automotive parts industry and who are the key players?
- What are the various unit operations involved in an automotive parts manufacturing plant?
- What is the total size of land required for setting up an automotive parts manufacturing plant?
- What is the layout of an automotive parts manufacturing plant?
- What are the machinery requirements for setting up an automotive parts manufacturing plant?
- What are the raw material requirements for setting up an automotive parts manufacturing plant?
- What are the packaging requirements for setting up an automotive parts manufacturing plant?
- What are the transportation requirements for setting up an automotive parts manufacturing plant?
- What are the utility requirements for setting up an automotive parts manufacturing plant?
- What are the human resource requirements for setting up an automotive parts manufacturing plant?
- What are the infrastructure costs for setting up an automotive parts manufacturing plant?
- What are the capital costs for setting up an automotive parts manufacturing plant?
- What are the operating costs for setting up an automotive parts manufacturing plant?
- What should be the pricing mechanism of the final product?
- What will be the income and expenditures for an automotive parts manufacturing plant?
- What is the time required to break even?
- What are the profit projections for setting up an automotive parts manufacturing plant?
- What are the key success and risk factors in the automotive parts industry?
- What are the key regulatory procedures and requirements for setting up an automotive parts manufacturing plant?
- What are the key certifications required for setting up an automotive parts manufacturing plant?
Report Customization:
While we have aimed to create an all-encompassing automotive parts plant project report, we acknowledge that individual stakeholders may have unique demands. Thus, we offer customized report options that cater to your specific requirements. Our consultants are available to discuss your business requirements, and we can tailor the report's scope accordingly. Some of the common customizations that we are frequently requested to make by our clients include:
- The report can be customized based on the location (country/region) of your plant.
- The plant’s capacity can be customized based on your requirements.
- Plant machinery and costs can be customized based on your requirements.
- Any additions to the current scope can also be provided based on your requirements.
Why Buy IMARC Reports?
- The insights provided in our reports enable stakeholders to make informed business decisions by assessing the feasibility of a business venture.
- Our extensive network of consultants, raw material suppliers, machinery suppliers and subject matter experts spans over 100+ countries across North America, Europe, Asia Pacific, South America, Africa, and the Middle East.
- Our cost modeling team can assist you in understanding the most complex materials. With domain experts across numerous categories, we can assist you in determining how sensitive each component of the cost model is and how it can affect the final cost and prices.
- We keep a constant track of land costs, construction costs, utility costs, and labor costs across 100+ countries and update them regularly.
- Our client base consists of over 3000 organizations, including prominent corporations, governments, and institutions, who rely on us as their trusted business partners. Our clientele varies from small and start-up businesses to Fortune 500 companies.
- Our strong in-house team of engineers, statisticians, modeling experts, chartered accountants, architects, etc. has played a crucial role in constructing, expanding, and optimizing sustainable manufacturing plants worldwide.