Automotive Bracket Market size was valued at USD 12.5 Billion in 2024 and is projected to reach USD 18.7 Billion by 2033, exhibiting a CAGR of 5.2% from 2026 to 2033.
The global automotive bracket market was valued at USD 7.4 billion in 2022, with a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The increasing demand for lightweight materials, cost-effective manufacturing techniques, and innovations in automotive design are key factors driving the growth of this market. Brackets are essential components in various automotive systems, including suspension, engine, and transmission, making them integral to vehicle performance and safety. As the automotive industry continues to focus on reducing weight and enhancing fuel efficiency, the market for automotive brackets is expected to witness steady growth. The market is also benefitting from the rise of electric vehicles (EVs), where the need for durable yet lightweight components is crucial. Furthermore, the continuous expansion of the automotive industry in emerging markets contributes significantly to the global demand for automotive brackets.
Regionally, the automotive bracket market is experiencing substantial growth in North America, Europe, and Asia Pacific, with Asia Pacific holding the largest share in 2022. This region is expected to continue its dominance due to the presence of major automotive manufacturing hubs in countries like China, India, and Japan. North America and Europe are also witnessing significant market growth, driven by technological advancements and the growing production of electric vehicles. In these regions, the demand for automotive brackets is being fueled by the need for high-quality, lightweight materials and the shift towards more sustainable automotive solutions. The market in Latin America and the Middle East & Africa is also expanding, with manufacturers increasingly focusing on regional production capabilities and tapping into emerging automotive markets for growth opportunities.
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Autocast
Allena Auto Industries Pvt.
Toyo Tires
Yamashita Rubber Co.
Ltd
Xiamen Woricha Auto Parts Co. Ltd.
Sumitomo Riko
BOGE Rubber & Plastics
ContiTech
Tuopu
PGI Far East
Sodecia North America
Inc.
EMP Tech Co.
Ltd
Iroquois Industries
Inc.
Ruian Haibo Auto Parts Co.
Ltd
Zhejiang Tianchao Auto Parts Co.
Ltd
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Bracket Market
Steel
Aluminum
Plastic
Composite Materials
Passenger Vehicles
Commercial Vehicles
Two-wheelers
Electric Vehicles
Engine Brackets
Suspension Brackets
Body Brackets
Exhaust Brackets
CNC Machining
Die Casting
Injection Molding
Welding
OEMs (Original Equipment Manufacturers)
Aftermarket Suppliers
Automotive Workshops
Raw Material Suppliers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Bracket Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Bracket Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Bracket Market, By Type
6. Global Automotive Bracket Market, By Application
7. Global Automotive Bracket Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Bracket Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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