Asia-pacific Automotive Parts And Components Market Share

Statistics for the 2022 & 2023 Asia-pacific Automotive Parts And Components market share, created by Mordor Intelligence™ Industry Reports. Asia-pacific Automotive Parts And Components share report includes a market forecast to 2028 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Asia-Pacific Automotive Parts and Components Industry

The automotive industry in the Asia-Pacific region is a highly fragmented and competitive market due to the presence of several manufacturers in the market. Growing regional demand has encouraged several foreign automotive OEMs and component manufacturers to establish their presence in the region.

Along with major automakers, the tier-1 and tier-2 component manufacturers, including Bosch GmbH, Continental, ThyssenKrupp, ZF TRW, Magneti Marelli, and Delphi, have also started their operations in the region. Along with major players, several local players are also adopting mergers, acquisitions, and joint ventures to enhance their market share. For instance,

In January 2020, component maker Tata Autocomp Systems entered a joint venture with Chinese supplier Prestolite Electric Beijing to design, engineer, manufacture, and supply powertrain solutions for the Indian electric vehicle market.

In May 2020, Maruti Suzuki India Ltd announced the acquisition of Japan's Sumitomo Corporation's stake in their joint venture JJ Impex (Delhi) Pvt. Ltd, a company engaged in automobile service and repair to expand its portfolio.

APAC Automotive Parts & Components Market Leaders

  1. HELLA GmbH & Co. KGaA

  2. DENSO Corporation

  3. ZF Friedrichshafen AG

  4. Robert Bosch GmbH

  5. Magneti Marelli S.p.A

*Disclaimer: Major Players sorted in no particular order

HELLA GmbH & Co. KGaA, DENSO Corporation, ZF Friedrichshafen AG, Robert Bosch GmbH, Magneti Marelli S.p.A