Automotive Parts Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Automotive Parts Market is Segmented Into Type (powertrain, Interior and Exterior, Electrical and Electronics, Body and Chassis, Wheel and Tires, and Other Types), Propulsion (internal Combustion Engine, Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles, and Fuel Cell Electric Vehicles), Vehicle Type (passenger Cars and Commercial Vehicles), Sales Channel (original Equipment Manufacturers and Aftermarket), and Geography (North America (United States, Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (South America and Middle East and Africa)). The Report Offers Value Terms in USD for the Above-Mentioned Segments.

Automotive Parts Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Automotive Parts Market Size

Automotive Parts Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 111.53 Billion
Market Size (2030) USD 140.12 Billion
CAGR (2025 - 2030) 4.67 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Automotive Parts Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Automotive Parts Market with other markets in Automotive Industry

Automotive Materials & Coatings

Automotive Technology

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Automotive Parts Market Analysis

The Automotive Parts Market size is estimated at USD 111.53 billion in 2025, and is expected to reach USD 140.12 billion by 2030, at a CAGR of 4.67% during the forecast period (2025-2030).

Over the medium term, As the production of vehicles continues to increase rapidly across the world, the demand for automotive parts is expected to surge in the coming years. This trend can be attributed to the significant growth in the automotive industry, which has been witnessing a steady rise in demand for cars, trucks, and other vehicles.

Consequently, the need for high-quality and reliable automotive parts such as engines, transmissions, brakes, and tires is also on the rise, as these components are a must for ensuring the optimal performance and safety of vehicles on the road.

With the implementation of strict government regulations aimed at reducing automobile emissions and enhancing fuel efficiency, there has been a surge in the requirement for lightweight parts in the automobile industry. This demand has created a need for innovation and advancements in materials science and engineering as manufacturers seek to develop cost-effective, durable, and lightweight components to meet the stringent regulatory requirements and growing consumer demand for eco-friendly vehicles.

Automotive Parts Industry Overview

Automotive Parts Market is dominated by several key players such as Robert Bosch GmbH, Denso Corporation, Hyundai Mobis Co. Ltd, Continental AG, and others. As the demand for vehicles continues to grow worldwide, various manufacturing facilities are expanding across multiple regions to cater to the increasing production needs. This trend is expected to create lucrative opportunities for the market in the foreseeable future. For instance,

  • April 2024: Kia Motors and Bcomp Ltd collaborated to manufacture high-quality interior parts for their vehicles in Europe. The collaboration between the two companies promises to deliver exceptional results, with Bcomp's expertise in natural fiber composites and Kia's commitment to excellence in automotive design and manufacturing. This partnership is an exciting development in the automotive industry and is expected to raise the bar for sustainable and eco-friendly manufacturing practices.
  • August 2023: Robert Bosch, the multinational engineering and technology company, has recently begun the production of innovative powertrain solutions that are based on 800-volt technology. This new technology promises to deliver higher performance, faster charging times, and increased energy efficiency, which will undoubtedly significantly impact the future of the automotive industry.
  • June 2023: Denso Corporation invested USD 13 million for the expansion of its manufacturing facility in Mexico. The new facility produces air conditioning systems, radiators, alternators, and windshield wiper systems.

Automotive Parts Market Leaders

  1. Robert Bosch GmbH

  2. Continental AG

  3. ZF Friedrichshafen AG

  4. Denso Corporation

  5. Hyundai Mobis Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Automotive Parts Market Concentration
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Automotive Parts Market News

  • April 2024: BorgWarner Inc. invested USD 20.6 million for the expansion of an electric vehicle product manufacturing facility in the United States. With this investment, the company has expanded its development and testing of EV products, including battery modules, battery packs, and DC fast chargers. It has also scaled up its manufacturing operations for DC fast chargers.
  • January 2024: ZF Friedrichshafen AG introduced its latest innovation, a highly advanced Parking Electronic Control Unit (ECU), that promises to revolutionize how automated parking systems are implemented in vehicles. This state-of-the-art ECU is designed to offer enhanced accessibility and affordability to a broader range of vehicles, making it easier for drivers to park their cars automatically without breaking the bank.
  • November 2023: ZF Friedrichshafen AG, a leading global technology company, unveiled a groundbreaking electro-mechanical brake system in Germany. This innovative system combines cutting-edge electronic technology with advanced mechanical components to provide a reliable and efficient braking solution. By eliminating the need for hydraulic components, this brake system offers a simpler and more sustainable alternative to traditional brake systems.

Automotive Parts Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Rise in Vehicle Production Across the Globe
  • 4.2 Market Restraints
    • 4.2.1 Supply Chain Disruption May Impact the Market Growth
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value - USD)

  • 5.1 By Type
    • 5.1.1 Driveline and Powertrain
    • 5.1.2 Interior and Exterior
    • 5.1.3 Electrical and Electronics
    • 5.1.4 Body and Chassis
    • 5.1.5 Wheel and Tires
    • 5.1.6 Other types
  • 5.2 By Propulsion
    • 5.2.1 Internal Combustion Engine
    • 5.2.2 Battery Electric Vehicles
    • 5.2.3 Hybrid Electric Vehicles
    • 5.2.4 Plug-in Hybrid Electric Vehicles
    • 5.2.5 Fuel Cell Electric Vehicles
  • 5.3 By Vehicle Type
    • 5.3.1 Passenger Car
    • 5.3.2 Commercial Vehicles
  • 5.4 By Sales Channel
    • 5.4.1 Original Equipment Manufacturers (OEM)
    • 5.4.2 Aftermarket
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Rest of North America
    • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 France
    • 5.5.2.4 Italy
    • 5.5.2.5 Spain
    • 5.5.2.6 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 India
    • 5.5.3.3 Japan
    • 5.5.3.4 South Korea
    • 5.5.3.5 Rest of Asia-Pacific
    • 5.5.4 Rest of the World
    • 5.5.4.1 South America
    • 5.5.4.2 Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 Robert Bosch GmbH
    • 6.2.2 Continental AG
    • 6.2.3 Denso Corporation
    • 6.2.4 Valeo SA
    • 6.2.5 Hyundai Mobis Co. Ltd
    • 6.2.6 ZF Friedrichshafen AG
    • 6.2.7 Magna International Inc.
    • 6.2.8 Faurecia SE
    • 6.2.9 Lear Corporation
    • 6.2.10 CATL (Contemporary Amperex Technology Co. Ltd)
    • 6.2.11 Aisin Corporation
    • 6.2.12 Aptiv Plc
    • 6.2.13 BorgWarner Inc.
    • 6.2.14 Schaeffler AG
    • 6.2.15 Cummins Inc.

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. Key Supplier Information By Type**

**Subject to Availability
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Automotive Parts Industry Segmentation

Automotive parts are installed in a vehicle to provide the best driving experience. The parts include bodies, chassis, interiors, exteriors, seating, powertrains, electronics, mirrors, closures, roof systems, and modules.

The Automotive Parts Market is segmented into type (powertrain, interior and exterior, electrical and electronics, body and chassis, wheel and tires, and other types), propulsion (internal combustion engine, battery electric vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles), vehicle type (passenger cars and commercial vehicles), sales channel (original equipment manufacturers and aftermarket), and geography (North America (United States, Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (South America and Middle East and Africa)). The report offers value terms in USD for the above-mentioned segments.

By Type Driveline and Powertrain
Interior and Exterior
Electrical and Electronics
Body and Chassis
Wheel and Tires
Other types
By Propulsion Internal Combustion Engine
Battery Electric Vehicles
Hybrid Electric Vehicles
Plug-in Hybrid Electric Vehicles
Fuel Cell Electric Vehicles
By Vehicle Type Passenger Car
Commercial Vehicles
By Sales Channel Original Equipment Manufacturers (OEM)
Aftermarket
By Geography North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World South America
Middle East and Africa
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Automotive Parts Market Research FAQs

How big is the Automotive Parts Market?

The Automotive Parts Market size is expected to reach USD 111.53 billion in 2025 and grow at a CAGR of 4.67% to reach USD 140.12 billion by 2030.

What is the current Automotive Parts Market size?

In 2025, the Automotive Parts Market size is expected to reach USD 111.53 billion.

Who are the key players in Automotive Parts Market?

Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Denso Corporation and Hyundai Mobis Co., Ltd. are the major companies operating in the Automotive Parts Market.

Which is the fastest growing region in Automotive Parts Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Automotive Parts Market?

In 2025, the Asia Pacific accounts for the largest market share in Automotive Parts Market.

What years does this Automotive Parts Market cover, and what was the market size in 2024?

In 2024, the Automotive Parts Market size was estimated at USD 106.32 billion. The report covers the Automotive Parts Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Automotive Parts Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Automotive Parts Industry Report

Statistics for the 2025 Automotive Parts market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Parts analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.