Automotive Parts and Components Market Report: with [Growth] to [USD 809.75 Billion]
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![Automotive Parts and Components Market Report: with [Growth] to [USD 809.75 Billion]](https://quickfinds.in/oc-content/uploads/4285/369907.jpg "Automotive Parts and Components Market Report: with [Growth] to [USD 809.75 Billion]")
The Global Automotive Parts and Components Market plays a vital role in the broader automotive industry, ensuring vehicle functionality, safety, and efficiency. According to TechSci Research, the market was valued at USD 553.2 billion in 2022 and is projected to grow at a CAGR of 6.7% between 2024 and 2028.
This rapid growth is fueled by increasing vehicle production, rising consumer demand for advanced automotive technologies, and the shift toward electric and autonomous vehicles.
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