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Pulished Date February, 2021
ID: 10949
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Motorsport Components Market Segmentation by Product Type (Brakes, Powertrain, Engine, Control and Communication, Electronics, Others), By Application (Passenger Vehicles, Commercial Vehicles) and Region- Industry Analysis, Share, Growth, and Forecast 2021-2026.

Pulished: February, 2021
ID: 10949
Pages: 175

Motorsport Components Market Size, Trends & Growth (2021 - 2026)

A motorsports vehicle such as a motorcycle, a car, and a truck are used in a competitive sporting event. Mechanical failures and technological problems such as failures in the brake system, powertrain, electronics and other components must be replaced, increasing the market demand for motorsport components. The increasing number of motorsport vehicles is increasing the call for the motorsport components market.

The global motorsports components market has the potential to grow by USD 0.99 billion between 2021 and 2026, and the market growth dynamics will accelerate during the forecast period. The increase in new motorsport vehicles would increase the demand for motorsport components. The market is established with a lot of players increasing the need for the motorsport vehicle, moreover, a motorsport vehicle used for high-speed racing that also has to replace its components for wear and tear and breakdowns. These factors are also driving the market need for motorsport components. Increased investment and sponsorship in motorsports due to the modification activity being performed by the end-user, which also increases the market demand for motorsport components.

Recent Developments:

  • Magneti Marelli Motorsport's high-speed camera, adopted this year by all Formula 1 cars, received an award at the Professional MotorSport World Expo 2016 in Cologne, Germany, in the category “Motorsport Technology of the Year”.
  • The SKF and Scuderia Ferrari partnership offers specialized components and systems for weight reduction and friction loss of power.
  • Electric mobility is at the heart of the environmental transition we are witnessing today. We can even see it in motorsport, with the Formula E championship where 100% electric racing cars compete on urban circuits. These racing cars are not only electric, they are also quiet thanks to the technology developed by Spark Racing Technology.
  • Punch International N.V., a diversified industrial holding company, has acquired BBS Group, the German manufacturer of custom alloy wheels, which went bankrupt in May.
  • ZF has become the official propulsion partner of Mahindra Racing, the German company said in a statement. As part of the technology partnership between these two companies, ZF will assist Mahindra Racing in the development of the electric powertrain for the 2020-21 Formula E season.

Drivers and Restraints of Motorsport Components Market:

Drivers:

In all forms of motorsports, and especially in sports cars, safety is the highest priority. With a huge difference in speed between classes and competition that often takes place at night and in bad weather, sports cars face the same dangers and potential incidents at more speed. The voltages and potential for component failure during these events are high. The materials, design and tests have been developed to obtain the maximum performance in endurance competitions. Sports car road racing translates to racing in extreme conditions and traveling in extreme conditions. Rain, poor visibility at night, glare from the sun during the day, poor road conditions, and how we approach those conditions are key to ensuring a safe driving experience, which is supposed to propel demand in the global motorsport components market.

Restraints:

The main challenges in this industry are the aerodynamic design of cars, which leaves little room for automotive components, vehicle weight, test speed and production. At one point, traditional technologies such as casting or machining failed to go further with design enhancements for motorsports.

Motorsport Components Market Segmentation:

By Application

  • Passenger Vehicles
  • Commercial Vehicles

A passenger vehicle is a street engine vehicle, which isn't a cruiser, expected for the vehicle of travelers and intended for close to nine individuals (counting the driver). Traveler vehicles are engine vehicles with at any rate four wheels, utilized for the vehicle of travelers, and which have close to eight seats notwithstanding the driver's seat. Light business vehicles are engine vehicles with at any rate four wheels, utilized for the vehicle of merchandise.

By Product Type:

  • Brakes
  • Powertrain
  • Engine
  • Control and Communication
  • Electronics
  • Others

A brake is a mechanical device that prevents movement by absorbing energy from a moving system. It is used to slow or stop a moving vehicle, wheel, axle or to prevent its movement, which is most often achieved by friction. The powertrain encompasses all the components that convert engine power into motion. This includes the engine, transmission, propeller shaft, differentials, shafts; basically everything from the motor to the caster wheels.

Hardware incorporates material science, designing, innovation and applications that manage the emanations, stream and control electrons in a vacuum and matter.

Motorsport Components Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

Europe was the largest motorsport components market in 2019, and the region will provide several growth opportunities for market providers during the forecast period. Factors, for example, the expanding number of backers and the presence of the world's most mainstream racetracks will altogether drive the development of the motorsport components market in this locale during the conjecture time frame. 57% of the market growth will come from Europe during the conjecture period. The United Kingdom, Germany and Italy are the main markets for motorsports in Europe. Market growth in this region will be slower than market growth in APAC region.

Key Players of Market:

The Company Coverage of Motorsport Components Market is as per Sales Revenue, Price, Gross Margin, Main Products etc. are: ZF Friedrichschafen, BBS Kraftfahrzeugtechnik AG, SKF, Magnetti Marelli, Penske Racing Shocks, Pirelli, Mercedes, Toyota, Ferrari, Goodyear, Lear Corporation, Ford, Renault, Chevrolet and Bosch.

IMPACT OF COVID-19 ON MOTORSPORT COMPONENTS MARKET:

As part of the global coronavirus pandemic, the automotive components market offers 360-degree investigation, flexible chain, import control and tariffs to the provincial government's strategy and its future impact on the business. A detailed survey of the state of the market (2020-2026), an example of rivalry between companies, points of interest and obstacles of elements of large companies, models of improvement of the industry (2020-2026), attributes of the modern territorial format and approaches macroeconomic, the mechanical arrangement has also been incorporated. The automotive components market is inferred, from raw materials to end customers of this industry, pricing models and supply channel of the automotive components market will also be introduced. In light of COVID-19, this report offers in-depth, top-down investigation into how the scourge is driving this shift and shift in the industry.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Motorsport Components Market, By Product Type          

                    6.1.1 Brakes 

                    6.1.2 Powertrain     

                    6.1.3 Engine 

                    6.1.4 Control and Communication         

                    6.1.5 Electronics     

                    6.1.6 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.7 Y-o-Y Growth Rate Analysis         

                    6.1.8 Market Attractiveness Index         

          6.2 Motorsport Components Market, By Application             

                    6.2.1 Passenger Vehicles   

                    6.2.2 Commercial Vehicles

                    6.2.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Product Type       

                    7.2.3 By Application

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Product Type       

                    7.3.3 By Application

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Product Type       

                    7.4.3 By Application

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Product Type       

                    7.5.3 By Application

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Product Type       

                    7.6.3 By Application

8. Key Player Analysis                           

          8.1 ZF Friedrichschafen               

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 BBS Kraftfahrzeugtechnik AG           

          8.3 SKF                  

          8.4 Magnetti Marelli          

          8.5 Penske Racing Shocks           

          8.6 Pirelli               

          8.7 Mercedes          

          8.8 Toyota             

          8.9 Ferrari              

          8.10 Goodyear                  

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Motorsport Components Market By Region, From 2021-2026 ( USD Billion )
  2. Global Motorsport Components Market By Product Type, From 2021-2026 ( USD Billion )
  3. Global Brakes Market By Region, From 2021-2026 ( USD Billion )
  4. Global Powertrain Market By Region, From 2021-2026 ( USD Billion )
  5. Global Engine Market By Region, From 2021-2026 ( USD Billion )
  6. Global Control and Communication Market By Region, From 2021-2026 ( USD Billion )
  7. Global Electronics Market By Region, From 2021-2026 ( USD Billion )
  8. Global Motorsport Components Market By Application, From 2021-2026 ( USD Billion )
  9. Global Passenger Vehicles Market By Region, From 2021-2026 ( USD Billion )
  10. Global Commercial Vehicles Market By Region, From 2021-2026 ( USD Billion )

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