North America Automotive Parts Packaging Market Forecasts to 2027 by Product Type, Packaging Type, and Component

Automotive parts packaging market in North America is expected to grow from US$ 414.7 Mn in 2018 to US$ 531.2 Mn by the year 2027 with a CAGR of 2.8% from the year 2019 to 2027.

Rising demand for aftermarket automotive parts is fueling the growth of the automotive parts packaging market. Moreover, the increase in the adoption of electric vehicles is anticipated to boost automotive parts packaging market growth in the forecast period. The aftermarket or replacement market plays an important role in automotive parts packaging market. With the increasing awareness of preventive maintenance as well as scheduled servicing of vehicles, consumers today are focusing on maximizing the lifespan value of their existing vehicles. This has significantly bolstered the growth of aftermarket parts and services demand and has generated new revenue opportunities for an extensive number of players operating in the automotive aftermarket industry. Another aftermarket trend is the DIY products, which is further helping the customers to buy products and install them in their vehicles by themselves. However, the significant demand for the aftermarket parts is from the vehicle service providers. Also, the increasing awareness for better safety devices in the vehicles is also bolstering the demand of automotive parts such as Anti-Lock Braking Systems, Lane Departure Warning System, Tire Pressure Monitoring System, and Blind Spot Detection among others. The overall increase in the sales of aftermarket automotive parts is bolstering the automotive parts packaging market growth.

The electrical segment is one of the leading components with the second highest market share in North America automotive parts packaging market. Electrical components for automobiles are critical and many a time fragile and therefore require cautious packaging approaches. A large number of components inside a modern day vehicle are connected electrically. Also, the emergence of in-vehicle infotainment systems, Advanced Drive Assist Systems (ADAS), car telematics, and connected cars have led to the integration of electrical components. Further, the development of electric vehicles and hybrid electric vehicles are also expected to propel electrical components packaging in the coming years. North American automobile companies have pioneered in integration of these technologies owing to various market initiatives, which is expected to support the growth of automotive parts packaging market.

The US dominated the automotive parts packaging market in 2018 and is anticipated to lead the automotive parts packaging market across the North American region through the forecast period, followed by Mexico and Canada. The figure given below highlights the revenue share of the Mexico in the North American automotive parts packaging market in the forecast period:

Mexico Automotive parts packaging Market Revenue and Forecasts to 2027 (US$ Mn)

NORTH AMERICA AUTOMOTIVE PARTS PACKAGING MARKET SEGMENTATION

By Product Type

• Pallets• Crates• Cartons• Bags & Pouches• Trays• Others

By Packaging Type

• Reusable• Disposable

By Component

• Battery• Cooling Systems• Lighting Component• Engine Component• Electricals• Others

By Country

• U.S.• Canada• Mexico

Automotive parts packaging Market - Companies Mentioned

• Ckdpack Packaging Inc.• DS Smith Plc• Signode Packaging Systems• JIT Packaging• The Nefab Group• Pacific Packaging Products Inc.• Pratt Industries, Inc.• Sealed Air Corp.• Smurfit Kappa• Sonoco Products Co.

North America Automotive Parts Packaging Market Report Scope