Sale

Auto Parts Manufacturing Market

Global Auto Parts Manufacturing Market Size, Share, Trends: By Component: Battery, Cooling System, Underbody Components, Engine Components, Automotive Filter, Lighting Components, Electrical Components, Chassis System, Others; By Sales Channel; By Vehicle Type; Regional Analysis; Competitive Landscape; 2024-2032

Global Auto Parts Manufacturing Market Outlook

The global auto parts manufacturing market size reached approximately USD 701.57 billion in 2023. The market is projected to grow at a CAGR of 6.1% between 2024 and 2032, reaching a value of around USD 1197.41 billion by 2032.

 

Key Takeaways

  • Auto parts manufacturers are enhancing their online presence to reach a broader customer base.
  • Favourable government regulations are expected to promote the demand for environmentally friendly auto parts.
  • North America is expected to emerge as a significant market due to the high usage of commercial vehicles.

 

Auto parts are the components or systems which are manufactured by various entities and then used in the production of automobiles. Some of the common auto parts include chassis, transmission and power train parts, motors and engine components, body parts and trimmers, electronics, and braking systems, steering and suspension components, fuel tank, seat, tailpipe, and wheel/tyre, among others.

 

The introduction of innovative techniques in the automotive sector is one of the major factors bolstering the auto parts manufacturing market growth. This has encouraged key players to align their strategies to the prevalent trends in order to maintain competitiveness in such a dynamic environment. For example, the demand for auto parts manufacturing is expected to expand in the coming years with the introduction of the latest technology in the automotive engine radiators. Furthermore, leading market players are planning to manufacture lightweight car parts to produce components that are significantly lightweight and much more fuel-efficient than their predecessors.

 

Auto Parts Manufacturing Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Key Trends and Developments

Surge in the production of hybrid vehicle parts; growth of 3D printing; growing demand for autonomous vehicle parts; and favourable government initiatives supporting sustainable auto parts manufacturing are the major trends impacting the market

 

January 11th 2024

Blue Point Capital Partners, a private equity firm, announced the acquisition of Arch Auto Parts, an independent auto parts manufacturer, to expand its market presence.

 

January 18th 2024

LKQ Euro Car Parts, a car parts and accessories provider, announced to establish a partnership with Protyre Autocare, as an aftermarket auto parts supplier for a 5-year duration.

 

January 20th 2024

As part of Compolive project, Ford announced to use olive tree waste such as branches, twigs, and leaves for the manufacture of sustainable auto parts to reduce plastic usage and promote sustainability.

 

January 22nd 2024

Gestamp, a Spain-based auto part company, is funded by the European Union to leverage 5G and IoT technology for the automotive plant.

 

The surge in the production of hybrid vehicle parts

Manufacturers in developing countries are increasingly focused on the development of hybrid vehicles, which combine features of gasoline engines and electric motors.

 

3D printing to emerge as a prominent trend

Auto parts manufacturers are readily deploying 3D printing technology for the fast and efficient production of complex and customised parts in the automotive.

 

Growing demand for autonomous vehicle parts

With the rising popularity of self-driving cars, there is a surge in demand for autonomous components like cameras, sensors, LIDAR, RADAR, advanced positioning systems, and others.

 

Government initiatives favouring sustainable auto body parts

Several government bodies are implementing stringent vehicle emission regulations for product manufacturers to develop sustainable automobile products for both the domestic and international markets.

 

One of the crucial auto parts manufacturing market trends is the growing utilisation of 3D printing for the production of economical and customisable auto parts. This technology allows manufacturers and automotive owners to create custom vehicle parts depending on their unique specifications. For example, General Motors is utilising 3D printing for rapid prototyping and production of lightweight vehicles to improve overall fuel efficiency. Moreover, it can be used to restore vintage car models with its customisation feature as the vintage car parts are no longer in sales.

 

Spanish-based manufacturer, Gestamp, is harnessing the capabilities of LTE and 5G networks as well as IoT-based devices for the development of a smart factory that relies on data analytics and processing for the real-time control and processing of the auto parts. This initiative, funded by the European Union, is aimed at promoting digitalisation in the automotive sector of the country and is expected to serve as a stepping stone for this technology in other sectors.

 

Auto Parts Manufacturing Market By Segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Segmentation

“Auto Parts Manufacturing Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Component

  • Battery
  • Cooling System
    • Compressor
    • Radiator
    • Pump
    • Thermostat
  • Underbody Components
    • Brake Components
    • Exhaust Components
  • Engine Components
    • Starter
    • Pump
    • Engine
    • Alternator
  • Automotive Filter
  • Lighting Components
  • Electrical Components
    • Ignition Coil
    • Ignition Switch
    • Spark and Glow Plug
  • Chassis System
  • Transmission and Steering System
  • Others

 

Market Breakup by Sales Channel

  • OEM
  • Aftermarket

 

Auto Parts Manufacturing Market Segmentation by Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Others

 

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

OEMs are likely to maintain their dominance in the market due to the reliability of OEM parts and their increased demand

OEM sales channel occupies a significant portion of the auto parts manufacturing market share, owing to the rising demand for OEM parts that are manufactured by the original manufacturer. These parts usually fit the exact description of the specific vehicle and offer a longer lifespan compared to the aftermarket parts. The aftermarket sales channel is also expected to witness steady growth in the coming years as it offers a cost-effective solution for spare parts to buyers.

 

Increasing production of passenger cars owing to their growing global demand is expected to add to the auto parts manufacturing market revenue

The auto parts manufacturing market demand is also driven by the high usage of passenger cars as they offer the convenience of personal transportation. Auto parts such as engines, transmissions, components, and interior accessories are some of the highest in-demand auto parts for passenger cars. Meanwhile, light commercial vehicles such as vans and small pickup trucks are also expected to fuel the demand for auto parts, owing to their growing usage in last-mile delivery.

 

Auto Parts Manufacturing Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Competitive Landscape

The market players are leveraging advanced technologies to improve their production capabilities as well as promote sustainable development, lowering their carbon footprints to gain a competitive edge in the market

 

Robert Bosch GmbH

Robert Bosch is a multinational engineering technology company, based in Gerlingen, Germany. Founded in 1886, the company offers smart building solutions, carbon neutrality solutions, and hydrogen technology, among others.

 

DENSO CORPORATION

DENSO is an automotive component provider, headquartered in Aichi, Japan. Some of its specialities include electric/hybrid components, human-machine interfaces, wireless charging, and robotics, among others.

 

Continental AG

Continental AG is an automotive parts manufacturer, based in Hanover, Germany. Incorporated in 1871, the company offers efficient and cutting-edge solutions for the mobility and transport sectors.

 

Valeo

Valeo, a French-based auto parts company, announced that it is expanding its operations in Tamil Nadu, India, to strengthen its position in the Indian subcontinent.

 

The market players are steadily incorporating green auto parts, which are manufactured from the tree waste to reduce their dependency on plastics and biocomposites. These sustainable auto parts reduce waste generation and contribute to the circular economy by reusing waste tree parts which are discarded. Furthermore, tests have shown that these auto parts are durable and robust and can be incorporated into vehicles for mass production, opening new avenues and creating opportunities for the auto parts manufacturing market development.

 

As per the auto parts manufacturing market analysis, the Asia Pacific emerged as a significant market for auto parts manufacturing in 2023. The region is anticipated to be a major global market in the forecast period as well, witnessing a robust growth rate as automotive sales in the region grow and new technology applications for producing automotive parts are explored. The regional market is supported by an increase in the production and sales of passenger cars and the digitisation of distribution systems for automotive components.

 

North America is also anticipated to gain a sizeable share in the forecast period, owing to the presence of some of the leading global automotive companies in the region. The auto parts manufacturing market in North America is supported by the rising usage of advanced technologies by vehicle manufacturers owing to the region’s superior production capabilities, state of the art infrastructure, and technological know-how.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Sales Channel
  • Vehicle Type
  • Region
Breakup by Component
  • Battery
  • Chassis System
  • Cooling System
  • Underbody Components
  • Engine Components
  • Automotive Filter
  • Lighting Components
  • Electrical Components
  • Transmission and Steering System
  • Others
Breakup by Sales Channel
  • OEM
  • Aftermarket
Breakup by Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • South Korea
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Iran
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Robert Bosch GmbH
  • DENSO CORPORATION
  • Continental AG, ZF
  • Friedrichshafen AG
  • Hyundai Motor Group
  • Aisin Corporation
  • Magna International Inc.
  • Valeo
  • Lear Corporation
  • Yazaki Group
  • Sumitomo Electric Industries, Ltd.
  • Tenneco Inc.
  • Akebono Brake Industry Co., Ltd.
  • Panasonic Holdings Corporation
  • Faurecia S.E.
  • Marelli Holdings Co., Ltd
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Auto Parts Manufacturing Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Auto Parts Manufacturing Historical Market (2018-2023) 
    8.3    Global Auto Parts Manufacturing Market Forecast (2024-2032)
    8.4    Global Auto Parts Manufacturing Market by Component
        8.4.1    Battery
            8.4.1.1    Historical Trend (2018-2023) 
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Cooling System
            8.4.2.1    Historical Trend (2018-2023) 
            8.4.2.2    Forecast Trend (2024-2032)
            8.4.2.3    Breakup by Cooling System Type
                8.4.2.3.1    Compressor
                8.4.2.3.2    Radiator
                8.4.2.3.3    Pump
                8.4.2.3.4    Thermostat
        8.4.3    Underbody Components
            8.4.3.1    Historical Trend (2018-2023) 
            8.4.3.2    Forecast Trend (2024-2032)
            8.4.3.3    Breakup by Underbody Components Type
                8.4.3.4.1    Brake Components
                8.4.3.4.2    Exhaust Components
        8.4.4    Engine Components
            8.4.4.1    Historical Trend (2018-2023) 
            8.4.4.2    Forecast Trend (2024-2032)
            8.4.4.3    Breakup by Engine Component Type
                8.4.4.3.1    Starter
                8.4.4.3.2    Pump
                8.4.4.3.3    Engine
                8.4.4.3.4    Alternator
        8.4.5    Automotive Filter
            8.4.5.1    Historical Trend (2018-2023) 
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Lighting Components
            8.4.6.1    Historical Trend (2018-2023) 
            8.4.6.2    Forecast Trend (2024-2032)
        8.4.7    Electrical Components
            8.4.7.1    Historical Trend (2018-2023) 
            8.4.7.2    Forecast Trend (2024-2032)
            8.4.7.3    Breakup by Electrical Components Type
                8.4.7.3.1    Ignition Coil
                8.4.7.3.2    Ignition Switch
                8.4.7.3.3    Spark and Glow Plug
        8.4.8    Chassis System
            8.4.8.1    Historical Trend (2018-2023) 
            8.4.8.2    Forecast Trend (2024-2032)
        8.4.9    Transmission and Steering System
            8.4.9.1    Historical Trend (2018-2023) 
            8.4.9.2    Forecast Trend (2024-2032)
        8.4.10    Others
    8.5    Global Auto Parts Manufacturing Market by Sales Channel
        8.5.1    OEM
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Aftermarket
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Auto Parts Manufacturing Market by Vehicle Type 
        8.6.1    Passenger Cars
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Light Commercial Vehicles
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Heavy Commercial Vehicles
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Others
    8.7    Global Auto Parts Manufacturing Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Auto Parts Manufacturing Market Analysis
    9.1    Market by Component
    9.2    Market by Sales Channel
    9.3    Market by Vehicle Type
    9.4    Market by Country
        9.4.1    United States of America 
            9.4.1.1    Historical Trend (2018-2023) 
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Canada
            9.4.2.1    Historical Trend (2018-2023) 
            9.4.2.2    Forecast Trend (2024-2032)
10    Europe Auto Parts Manufacturing Market Analysis
    10.1    Market by Component
    10.2    Market by Sales Channel
    10.3    Market by Vehicle Type
    10.4    Market by Country
        10.4.1    United Kingdom
            10.4.1.1    Historical Trend (2018-2023) 
            10.4.1.2    Forecast Trend (2024-2032)
        10.4.2    Germany
            10.4.2.1    Historical Trend (2018-2023) 
            10.4.2.2    Forecast Trend (2024-2032)
        10.4.3    France
            10.4.3.1    Historical Trend (2018-2023) 
            10.4.3.2    Forecast Trend (2024-2032)
        10.4.4    Italy
            10.4.4.1    Historical Trend (2018-2023) 
            10.4.4.2    Forecast Trend (2024-2032)
        10.4.5    Others
11    Asia Pacific Auto Parts Manufacturing Market Analysis
    11.1    Market by Component
    11.2    Market by Sales Channel
    11.3    Market by Vehicle Type
    11.4    Market by Country
        11.4.1    China
            11.4.1.1    Historical Trend (2018-2023) 
            11.4.1.2    Forecast Trend (2024-2032)
        11.4.2    Japan
            11.4.2.1    Historical Trend (2018-2023) 
            11.4.2.2    Forecast Trend (2024-2032)
        11.4.3    India
            11.4.3.1    Historical Trend (2018-2023) 
            11.4.3.2    Forecast Trend (2024-2032)
        11.4.4    ASEAN
            11.4.4.1    Historical Trend (2018-2023) 
            11.4.4.2    Forecast Trend (2024-2032)
        11.4.5    South Korea
            11.4.5.1    Historical Trend (2018-2023) 
            11.4.5.2    Forecast Trend (2024-2032)
        11.4.6    Australia
            11.4.6.1    Historical Trend (2018-2023) 
            11.4.6.2    Forecast Trend (2024-2032)
        11.4.7    Others
12    Latin America Auto Parts Manufacturing Market Analysis
    12.1    Market by Component
    12.2    Market by Sales Channel
    12.3    Market by Vehicle Type
    12.4    Market by Country
        12.4.1    Brazil
            12.4.1.1    Historical Trend (2018-2023) 
            12.4.1.2    Forecast Trend (2024-2032)
        12.4.2    Argentina
            12.4.2.1    Historical Trend (2018-2023) 
            12.4.2.2    Forecast Trend (2024-2032)
        12.4.3    Mexico
            12.4.3.1    Historical Trend (2018-2023) 
            12.4.3.2    Forecast Trend (2024-2032)
        12.4.4    Others
13    Middle East and Africa Auto Parts Manufacturing Market Analysis
    13.1    Market by Component
    13.2    Market by Sales Channel
    13.3    Market by Vehicle Type
    13.4    Market by Country
        13.4.1    Saudi Arabia
            13.4.1.1    Historical Trend (2018-2023) 
            13.4.1.2    Forecast Trend (2024-2032)
        13.4.2    United Arab Emirates
            13.4.2.1    Historical Trend (2018-2023) 
            13.4.2.2    Forecast Trend (2024-2032)
        13.4.3    Iran
            13.4.3.1    Historical Trend (2018-2023) 
            13.4.3.2    Forecast Trend (2024-2032)
        13.4.4    South Africa
            13.4.4.1    Historical Trend (2018-2023) 
            13.4.4.2    Forecast Trend (2024-2032)
        13.4.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Robert Bosch GmbH
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    DENSO CORPORATION
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Continental AG
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    ZF Friedrichshafen AG 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Hyundai Motor Group
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Aisin Corporation
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Magna International Inc.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Valeo 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Lear Corporation
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Yazaki Group
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Tenneco Inc.
            15.2.11.1    Company Overview
            15.2.11.2    Product Portfolio
            15.2.11.3    Demographic Reach and Achievements
            15.2.11.4    Certifications
        15.2.12    Sumitomo Electric Industries, Ltd.
            15.2.12.1    Company Overview
            15.2.12.2    Product Portfolio
            15.2.12.3    Demographic Reach and Achievements
            15.2.12.4    Certifications
        15.2.13    Akebono Brake Industry Co., Ltd.
            15.2.13.1    Company Overview
            15.2.13.2    Product Portfolio
            15.2.13.3    Demographic Reach and Achievements
            15.2.13.4    Certifications
        15.2.14    Panasonic Holdings Corporation
            15.2.14.1    Company Overview
            15.2.14.2    Product Portfolio
            15.2.14.3    Demographic Reach and Achievements
            15.2.14.4    Certifications
        15.2.15    Faurecia S.E.
            15.2.15.1    Company Overview
            15.2.15.2    Product Portfolio
            15.2.15.3    Demographic Reach and Achievements
            15.2.15.4    Certifications
        15.2.16    Marelli Holdings Co., Ltd
            15.2.16.1    Company Overview
            15.2.16.2    Product Portfolio
            15.2.16.3    Demographic Reach and Achievements
            15.2.16.4    Certifications
        15.2.17    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Auto Parts Manufacturing Market: Key Industry Highlights, 2018 and 2032
2.    Global Auto Parts Manufacturing Historical Market: Breakup by Component (USD Million), 2018-2023
3.    Global Auto Parts Manufacturing Market Forecast: Breakup by Component (USD Million), 2024-2032
4.    Global Auto Parts Manufacturing Historical Market: Breakup by Sales Channel (USD Million), 2018-2023
5.    Global Auto Parts Manufacturing Market Forecast: Breakup by Sales Channel (USD Million), 2024-2032
6.    Global Auto Parts Manufacturing Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
7.    Global Auto Parts Manufacturing Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
8.    Global Auto Parts Manufacturing Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Auto Parts Manufacturing Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Auto Parts Manufacturing Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Auto Parts Manufacturing Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Auto Parts Manufacturing Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Auto Parts Manufacturing Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Auto Parts Manufacturing Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Auto Parts Manufacturing Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Auto Parts Manufacturing Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Auto Parts Manufacturing Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Auto Parts Manufacturing Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Auto Parts Manufacturing Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Auto Parts Manufacturing Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 701.57 billion.

The market is estimated to grow at a CAGR of 6.1% between 2024 and 2032.

The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 1197.41 billion by 2032.

The major drivers of the industry, such as the rising production and sales of vehicles, growing digitisation of distribution systems, and increasing technological advancements and innovations, are expected to aid the market growth.

The key trends aiding the market include surge in the production of hybrid vehicle parts; growth of 3D printing; growing demand for autonomous vehicle parts; and favourable government initiatives supporting sustainable auto body parts.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading components in the market are battery, cooling system, underbody components, engine components, automotive filter, lighting components, and electrical components, among others.

The major sales channels in the industry are OEM and aftermarket.

The significant vehicle types in the market are passenger cars, light commercial vehicles, and heavy commercial vehicles, among others.

The major players in the market are Robert Bosch GmbH, DENSO CORPORATION, Continental AG, ZF, Friedrichshafen AG, Hyundai Motor Group, Aisin Corporation, Magna International Inc., Valeo, Lear Corporation, Yazaki Group, Tenneco Inc., Sumitomo Electric Industries, Ltd., Akebono Brake Industry Co., Ltd., Panasonic Holdings Corporation, Faurecia S.E., and Marelli Holdings Co., Ltd, among others.

Purchase Full Report

Mini Report

$ 2475     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3849     $3499
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4949     $4499
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 6049     $5499
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER