| Study Period | 2019 - 2030 |
| 2024 Market Size | USD 179.1 Billion |
| 2025 Market Size | USD 187.2 Billion |
| 2030 Forecast | USD 246.3 Billion |
| Growth Rate (CAGR) | 5.5% |
| Largest Region | Bavaria |
| Fastest-Growing Region | Baden–Württemberg |
| Nature of the Market | Consolidated |
| Largest End User Category | Original Equipment Manufacturers |
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The auto component market in Germany will generate an estimated revenue of USD 179.1 billion in 2024 and witness a CAGR of 5.5% during 2024–2030, reaching USD 246.3 billion by 2030. This is because Germany is one of the world’s leading producers and exporters of automotive components.
The growth is fueled by various factors including technological advancements, a robust automotive industry, a strong industrial base, ongoing R&D efforts, the adoption of autonomous and EV trends, and the implementation of Industry 4.0 in Germany.
There are several components and systems which make up an automobile such as engine, exhaust system, electrical system, suspension, gearbox, brakes, steering system, and body sections. For the vehicle’s functionality, safety, and performance, each of these components is important.
In 2023, the German automotive industry generated almost a revenue of USD 607.1 billion.
Manufacturers create a dependable and effective mode of transportation by the help of designing and assembling these parts in a way that they perform well together.
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