Asia-pacific Automotive Parts And Components Market Size

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

Market Size of Asia-Pacific Automotive Parts and Components Industry

Asia Pacific Automotive Parts And Components Market Overview
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Study Period 2018 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
Historical Data Period 2018 - 2021
CAGR > 5.00 %
Market Concentration Low

Major Players


*Disclaimer: Major Players sorted in no particular order


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APAC Automotive Parts & Components Market Analysis

The Asia-Pacific automotive parts and components market was valued at USD 55.35 billion in 2021, and it is expected to reach USD 76.17 billion by 2027, registering a CAGR of above 5% during the forecast period (2022 - 2027).

The impact of the COVID-19 pandemic on the automotive industry was significant, especially during the initial days of the pandemic, as many suppliers and parts manufacturers upstream or downstream experienced initial regulatory shocks owing to lockdowns. However, as restrictions eased, key players operating across this region started adopting several growth strategies, which were likely to create market momentum during the forecast period.

Strong demand for automotive components and accessories for repair and maintenance is expected to drive the overall Asia Pacific automotive aftermarket revenue. Moreover, with e-commerce penetration, several parts and component manufacturers are investing in online platforms and using Amazon, eBay, etc., to capture the online consumers' market.

The Do-It-Yourself (DIY) is one of the emerging segments due to its cost-effective products and increasing consumer passion for automobiles. The participation of different industry players in offering innovative and easy-to-use repair kits is expected to support the enhancement of the market. However, replicas and cheap alternatives from chinese companies are likely to act as a challenge during the forecast period.

India, China, and Japan are expected to play a major role in the market studied during the forecast period. These regions act as hubs for some of the largest automotive manufacturers and accommodate growing vehicle production and penetration of new vehicles over the forecast period.