How big is the Automotive Parts Market?

The Automotive Parts Market size is expected to reach USD 106.55 billion in 2024 and grow at a CAGR of 4.67% to reach USD 133.88 billion by 2029. Read More

What is the current Automotive Parts Market size?

In 2024, the Automotive Parts Market size is expected to reach USD 106.55 billion. Read More

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. Read More

Which is the fastest growing region in Automotive Parts Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Parts Market?

In 2024, the Asia Pacific accounts for the largest market share in Automotive Parts Market. Read More

What years does this Automotive Parts Market cover, and what was the market size in 2023?

In 2023, the Automotive Parts Market size was estimated at USD 101.57 billion. The report covers the Automotive Parts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Parts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Parts Market Share

Statistics for the 2023 & 2024 Automotive Parts market share, created by Mordor Intelligence™ Industry Reports. Automotive Parts share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automotive Parts Industry

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.