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 Business Market Insights provides you regional research analysis on “Europe Automotive Parts Packaging Market” and forecast to 2027. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Europe Automotive Parts Packaging Market during the forecast period, i.e., 2020–2027.
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 report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Europe Automotive Parts Packaging Market. The researcher provides an extensive analysis of the Europe Automotive Parts Packaging Market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.
EUROPE AUTOMOTIVE PARTS PACKAGING MARKET SEGMENTATION
- By Product Type
- Bags & Pouches
- By Packaging Type
- By Component
- Cooling Systems
- Lighting Component
- Engine Component
- By Country
- Rest of Europe
Automotive parts packaging Market – Companies Mentioned
- Ckdpack Packaging Inc.
- DS Smith Plc
- Signode Packaging Systems
- Encase Ltd.
- The Nefab Group
- Mondi Group
- Schoeller Allibert
- Sealed Air Corp.
- Smurfit Kappa
- Sonoco Products Co.
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Europe Automotive Parts Packaging Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Europe Automotive Parts Packaging Market segments and regions.
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The research on the Europe Automotive Parts Packaging Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Europe Automotive Parts Packaging Market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Europe Automotive Parts Packaging Market.
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