| Study Period | 2020 - 2030 |
| Market Size (2025) | USD 58.36 Billion |
| Market Size (2030) | USD 77.37 Billion |
| CAGR (2025 - 2030) | 5.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Automotive Parts And Components Market Analysis
The Asia-Pacific Automotive Parts And Components Market size is estimated at USD 58.36 billion in 2025, and is expected to reach USD 77.37 billion by 2030, at a CAGR of 5.80% during the forecast period (2025-2030).
In recent years, as urbanization and economic growth reshape lifestyles, an increasing number of individuals are turning to passenger cars for their daily commutes. This shift, driven by evolving consumer preferences, has led to a surge in demand not just for cars, but also for associated services like fuel, maintenance, and insurance.
Technological advancements have revolutionized the automotive industry, particularly in auto parts manufacturing. A standout trend is the rising adoption of lightweight materials in auto component production. Recognized nationwide, this shift promises enhanced fuel efficiency, better performance, and a more sustainable automotive future.
In emerging markets, the expanding disposable income of the middle class is fueling a surge in passenger car sales. With increased financial means, individuals are more inclined to invest in cars, prioritizing comfort and convenience.
As entry-level passenger cars become more affordable and financing options abound, a broader consumer base is stepping into car ownership. This accessibility is poised to drive up the demand for automotive parts and components in the coming years.
Asia-Pacific Automotive Parts And Components Market Trends
Battery Electric Vehicle Hold Major Market Share
Chinese electric vehicle (EV) sales are dominated by domestic original equipment manufacturers (OEMs), who command a substantial 94% market share. In a bid to bolster the adoption of electric vehicles, China mandates that manufacturers ensure 10% of their new vehicle sales are either fully electric or hybrid.
Beyond China, nations like India, Japan, and South Korea are tightening regulations to further the electric vehicle agenda. This push, coupled with a rising demand for efficient powertrain systems and supportive government policies, is set to unveil fresh opportunities for market players.
India's government has set its sights on achieving 100% Zero Emission Vehicles (ZEVs) by 2030. With added incentives and advancements in electric vehicle technology (notably, extended ranges alleviating range anxiety), a surge in EV sales across the region seems imminent.
Highlighting the government's commitment, India's Automotive Mission Plan FAME-II underscores the importance of bolstering the nation's automotive and component manufacturing sector. This sector has undergone a significant transformation, evolving into a fiercely competitive arena.
Manufacturers are not just focusing on expanding their market share but are also innovating. By optimizing powertrain system designs and emphasizing lightweight, compact systems, they're achieving superior performance while curbing greenhouse gas emissions.
Furthermore, the adoption of advanced technologies, particularly hybrid engines, is poised for a notable uptick, further fueling market demand.
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China Witnessing Significant Growth
China's automotive industry is on the rise, leading to an increased demand for automotive components. Major players like BYD Co. Ltd, Geely, FAW, and Dongfeng are at the forefront, driving substantial growth in the country's passenger car sales. This uptick in component demand is closely tied to the robust presence of these manufacturers in China.
Urbanization and rising disposable incomes are fueling the demand for passenger cars, as more consumers lean towards private transportation for their daily commutes. Consequently, this trend is also boosting the demand for automotive safety systems.
Data from the International Organization of Motor Vehicle Manufacturers (OICA) reveals that new passenger car sales rose to 26.06 million units in 2023, up from 23.56 million in 2022, marking a notable 10.6% year-on-year growth.
As sales of both new and used passenger cars climb, and with electric vehicle adoption on the rise, there's an anticipated surge in demand for advanced, durable, and functional automotive braking systems.
With premium car sales on the upswing, the genuine leather segment stands to benefit. Customers are increasingly seeking bespoke solutions, a trend that's gaining momentum with the introduction of combined modules, further driving the demand for automotive parts and components.
Given these developments, the market is poised for significant growth in the coming years.
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Asia-Pacific Automotive Parts And Components Industry Overview
Key players, including Robert Bosch GmbH, Hyundai Mobis Co. Ltd., Continental AG, and Denso Corporation, dominate the Asia-Pacific automotive parts and components market. The region's rapid expansion of automotive component manufacturing facilities is poised to drive significant market growth during the forecast period. For instance,
- In August 2024, SAMIL merged its indirect subsidiary, Motherson Innovations Lights Verwaltungs GmbH (MILV), with Samvardhana Motherson Innovative Autosystems B.V. & Co. KG (SMIA). SMIA, part of Motherson's 'modules and polymer products' division, supplies plastic parts to global automotive OEMs.
- In August 2024, Unience Co., Ltd. invested USD 49 million to expand its South Korean manufacturing facility, adding car panels to its automotive parts product range.
Asia-Pacific Automotive Parts And Components Market Leaders
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DENSO Corporation
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ZF Friedrichshafen AG
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Robert Bosch GmbH
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Continental AG
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Hyundai Mobis Co., Ltd.
- *Disclaimer: Major Players sorted in no particular order
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Asia-Pacific Automotive Parts And Components Market News
- July 2024: LYNK & CO Investment Co., Ltd. changed its name to LYNK & CO Automotive Technology Co., Ltd. The company now includes research and development of automotive parts, manufacturing of automotive parts and accessories, IT consulting services, engineering management services, vehicle repair, and maintenance, as well as import and export of technologies and goods.
- July 2024: Suzhou Inovance Automotive Co., Ltd., a subsidiary of Shenzhen Inovance Technology Co., Ltd., launched a next-generation high-performance magnesium alloy electric drive assembly at an event in Shanghai. The product offers features including lighter weight, higher energy efficiency ratio, longer range, and improved vehicle handling and acceleration.
Asia-Pacific Automotive Parts And Components Industry Segmentation
Automotive parts and components encompass bodies, chassis, interiors, exteriors, seating, powertrains, electronics, mirrors, closures, roof systems, and modules, all installed in a vehicle to enhance the driving experience for customers.
The Asia-Pacific automotive parts and components market is segmented by type, vehicle type, propulsion, sales channel, and country. By type, the market is segmented into driveline and powertrain, interiors and exteriors, electronics, bodies and chassis, wheels and tires, and other types. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By Propulsion, the market is segmented into internal combustion engines, battery electric vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles, and alternative fuel. By sales channel, the market is segmented into original equipment manufacturers (OEMs) and aftermarket. By Country, the market is segmented into China, India, Japan, South Korea, and the Rest of Asia-Pacific. For each segment, the market sizing and forecast have been done based on the value (USD).
| By Type | Driveline and Powertrain |
| Interiors and Exteriors | |
| Electronics | |
| Bodies and Chassis | |
| Wheel and Tires | |
| Other Types | |
| By Vehicle Type | Passenger Cars |
| Commercial Vehicles | |
| By Propulsion | Internal Combustion Engine |
| Battery Electric Vehicles | |
| Hybrid Electric Vehicles | |
| Plug-in Hybrid Electric Vehicles | |
| Alternative Fuels | |
| By Sales Channel | Original Equipment Manufacturers (OEMs) |
| Aftermarket | |
| By Country | China |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific |
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Asia-Pacific Automotive Parts And Components Market Research FAQs
How big is the Asia-Pacific Automotive Parts And Components Market?
The Asia-Pacific Automotive Parts And Components Market size is expected to reach USD 58.36 billion in 2025 and grow at a CAGR of 5.80% to reach USD 77.37 billion by 2030.
What is the current Asia-Pacific Automotive Parts And Components Market size?
In 2025, the Asia-Pacific Automotive Parts And Components Market size is expected to reach USD 58.36 billion.
Who are the key players in Asia-Pacific Automotive Parts And Components Market?
DENSO Corporation, ZF Friedrichshafen AG, Robert Bosch GmbH, Continental AG and Hyundai Mobis Co., Ltd. are the major companies operating in the Asia-Pacific Automotive Parts And Components Market.
Which is the fastest growing region in Asia-Pacific Automotive Parts And Components Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Asia-Pacific Automotive Parts And Components Market?
In 2025, the Asia Pacific accounts for the largest market share in Asia-Pacific Automotive Parts And Components Market.
What years does this Asia-Pacific Automotive Parts And Components Market cover, and what was the market size in 2024?
In 2024, the Asia-Pacific Automotive Parts And Components Market size was estimated at USD 54.98 billion. The report covers the Asia-Pacific Automotive Parts And Components Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Automotive Parts And Components Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Asia-Pacific Automotive Parts And Components Industry Report
Statistics for the 2025 Asia-Pacific Automotive Parts And Components market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Automotive Parts And Components 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.
