Market Overview:
The global Motorsport Components market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, factors such as rising disposable income, technological advancements, and growing awareness about motorsport are also contributing to the growth of this market. Based on type, brakes accounted for the largest share of the global Motorsport Components market in 2017. This can be attributed to their increasing use in passenger vehicles and commercial vehicles owing to their ability to improve braking performance and safety.
Product Definition:
Motorsport Components is a term used to describe the various parts and systems that are found on race cars. These components can vary from the engine and transmission to the suspension and brakes. The importance of Motorsport Components lies in their ability to withstand high levels of stress and abuse while still providing superior performance.
Brakes:
Brake is a mechanism used to slow down or stop a moving vehicle. In the automotive industry, it is used as an essential component in the braking system of vehicles. The primary function of any braking system is to reduce the speed of a vehicle. The secondary function involves preventing loss of control that may lead to severe accidents and/or damage to vehicle components.
Powertrain:
Powertrain is the combination of engine, transmission and drive shaft. The powertrain market includes automotive industry’s latest technologies such as hybrid electric vehicles (HEV) and plug-in hybrid electric vehicles (PHEV). HEVs use both conventional fuel and electricity in different proportions for propulsion. On the other hand, PHEVs use only electricity for propulsion but can also run on conventional fuels when needed.
Application Insights:
The passenger vehicles segment held the largest market share of over 60% in 2017. The segment is expected to witness significant growth owing to increasing demand for passenger cars from developing countries such as China, India and Brazil. Furthermore, stringent government regulations regarding safety and security are boosting the sales of premium grade vehicles which use high technology components.
Commercial vehicle application is projected to grow at a CAGR of XX% from 2018 to 2030 owing to rising demand for trucks, buses and other forms of commercial vehicles across all major economies worldwide.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The region is expected to witness a growth rate of 3.9% over the forecast period, owing to rising investments by OEMs for development of advanced and lightweight components for improved performance and enhanced fuel efficiency.
The Asia Pacific regional market is anticipated to register significant growth over the forecast period owing to increasing demand from developing countries such as India, China, Malaysia, Thailand etc., which are adopting advanced technologies at a rapid pace. Moreover, rising disposable income coupled with growing consumer awareness regarding vehicle safety & performance will drive product adoption across this region during the estimated time span.
Latin America also holds immense potential due to presence major automotive markets including Brazil.
Growth Factors:
- Increasing demand for high-performance vehicles
- Rising disposable income of consumers
- Technological advancements in automotive components industry
- Growing popularity of motorsports events worldwide
- Proliferation of online platforms for purchasing automotive components
Scope Of The Report
Report Attributes
Report Details
Report Title
Motorsport Components Market Research Report
By Type
Brakes, Powertrain, Engine, Control and Communication, Electronics, Others
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Pirelli, BBS Kraftfahrzeugtechnik AG, Magnetti Marelli, SKF, Penske Racing Shocks, Bosch, ZF Friedrichschafen, Lear Corporation, Goodyear, Ferrari, Pirelli, Mercedes, Renault, Toyota, Chevrolet
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Motorsport Components Market Report Segments:
The global Motorsport Components market is segmented on the basis of:
Types
Brakes, Powertrain, Engine, Control and Communication, Electronics, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pirelli
- BBS Kraftfahrzeugtechnik AG
- Magnetti Marelli
- SKF
- Penske Racing Shocks
- Bosch
- ZF Friedrichschafen
- Lear Corporation
- Goodyear
- Ferrari
- Pirelli
- Mercedes
- Renault
- Toyota
- Chevrolet
Highlights of The Motorsport Components Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Brakes
- Powertrain
- Engine
- Control and Communication
- Electronics
- Others
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Motorsport Components Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Motorsport Components is a company that specializes in the manufacturing and distribution of racing parts and accessories. They offer products for both professional and amateur racers, as well as car enthusiasts. Their products are used in a variety of motorsports, including Formula 1, NASCAR, IndyCar, World Rally Championship (WRC), MotoGP and more.
Some of the major companies in the motorsport components market are Pirelli, BBS Kraftfahrzeugtechnik AG, Magnetti Marelli, SKF, Penske Racing Shocks, Bosch, ZF Friedrichschafen, Lear Corporation, Goodyear, Ferrari, Pirelli, Mercedes, Renault, Toyota, Chevrolet.
The motorsport components market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Motorsport Components Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Motorsport Components Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Motorsport Components Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Motorsport Components Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Motorsport Components Market Size & Forecast, 2018-2028
4.5.1 Motorsport Components Market Size and Y-o-Y Growth
4.5.2 Motorsport Components Market Absolute $ Opportunity
Chapter 5 Global Motorsport Components Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Motorsport Components Market Size Forecast by Type
5.2.1 Brakes
5.2.2 Powertrain
5.2.3 Engine
5.2.4 Control and Communication
5.2.5 Electronics
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Motorsport Components Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Motorsport Components Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Motorsport Components Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Motorsport Components Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Motorsport Components Analysis and Forecast
9.1 Introduction
9.2 North America Motorsport Components Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Motorsport Components Market Size Forecast by Type
9.6.1 Brakes
9.6.2 Powertrain
9.6.3 Engine
9.6.4 Control and Communication
9.6.5 Electronics
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Motorsport Components Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Motorsport Components Analysis and Forecast
10.1 Introduction
10.2 Europe Motorsport Components Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Motorsport Components Market Size Forecast by Type
10.6.1 Brakes
10.6.2 Powertrain
10.6.3 Engine
10.6.4 Control and Communication
10.6.5 Electronics
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Motorsport Components Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Motorsport Components Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Motorsport Components Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Motorsport Components Market Size Forecast by Type
11.6.1 Brakes
11.6.2 Powertrain
11.6.3 Engine
11.6.4 Control and Communication
11.6.5 Electronics
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Motorsport Components Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Motorsport Components Analysis and Forecast
12.1 Introduction
12.2 Latin America Motorsport Components Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Motorsport Components Market Size Forecast by Type
12.6.1 Brakes
12.6.2 Powertrain
12.6.3 Engine
12.6.4 Control and Communication
12.6.5 Electronics
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Motorsport Components Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Motorsport Components Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Motorsport Components Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Motorsport Components Market Size Forecast by Type
13.6.1 Brakes
13.6.2 Powertrain
13.6.3 Engine
13.6.4 Control and Communication
13.6.5 Electronics
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Motorsport Components Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Motorsport Components Market: Competitive Dashboard
14.2 Global Motorsport Components Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pirelli
14.3.2 BBS Kraftfahrzeugtechnik AG
14.3.3 Magnetti Marelli
14.3.4 SKF
14.3.5 Penske Racing Shocks
14.3.6 Bosch
14.3.7 ZF Friedrichschafen
14.3.8 Lear Corporation
14.3.9 Goodyear
14.3.10 Ferrari
14.3.11 Pirelli
14.3.12 Mercedes
14.3.13 Renault
14.3.14 Toyota
14.3.15 Chevrolet
