Auto Parts Manufacturing Market
Auto Parts Manufacturing Market Study by Batteries, Cooling Systems, Underbody Components, Filters, Engine Components, Lighting Components, and Electrical Components from 2024 to 2034
Analysis of Auto Parts Manufacturing Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Auto Parts Manufacturing Market Outlook (2024 to 2034)
A recent analysis by Fact.MR reveals that the global auto parts manufacturing market size is poised to reach US$ 454.7 billion in 2024 and is projected to expand at a CAGR of 3.9% to end up at US$ 666.6 billion by 2034.
The industry has seen a significant shift toward electric vehicle (EV) development, with many leading manufacturers ramping up production of existing EV models. Focus on EV production is primarily motivated by EPA regulations, which require that two-thirds of new vehicles produced be electric by 2030.
This push towards EVs reflects a growing awareness and commitment among manufacturers to meet environmental standards and embrace sustainable transportation options.
As automakers increasingly prioritize EV production, the demand for components specific to electric vehicles is growing. This includes batteries, electric motors, power electronics, and other specialized parts unique to EVs. Consequently, auto parts manufacturers have been compelled to adapt their production lines and invest in research and development to meet this growing demand.
Automation in production as well as IoT deployment are reshaping the auto parts manufacturing landscape. Advancements in technology help manufacturers speed up and improve the manufacturing process, reduce risk, and monitor equipment, thus driving auto parts manufacturing market growth.
| Report Attributes | Details |
|---|---|
| Auto Parts Manufacturing Market Size (2019A) | US$ 375.5 Billion |
| Estimated Market Value (2024E) | US$ 454.7 Billion |
| Forecasted Market Value (2034F) | US$ 666.6 Billion |
| Global Market Growth Rate (2024 to 2034) | 3.9% CAGR |
| China Market Size (2023A) | US$ 101.8 Billion |
| United States Market Growth Rate (2023 to 2033) | 4.2% CAGR |
| Key Companies Profiled | Robert Bosch GmbH; Denso Corporation; Valeo SA; Continental AG; Aptiv PLC; ZF Friedrichshafen AG; Magna International Inc.; Faurecia S.A.; Aisin Seiki Co. Ltd.; Brembo S.p.A; ACDelco; Akebono Brake Industry Co. Ltd.; Others |
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What are the Key Auto Parts Manufacturing Market Trends?
“Focus on Customization Leveraging Technological Advancements”
Increasing production and sales of automobiles are projected to boost the demand for auto components. Automakers rely on a diverse range of suppliers to meet this demand, creating opportunities for manufacturers of various auto parts.
This demand extends across the entire spectrum of vehicles, from passenger cars to commercial trucks and specialty vehicles, further diversifying the market.
Customization of auto parts according to a customer's demand requires the usage of advanced automotive technology. Generally, governments invest in R&D or provide subsidies to manufacturers to drive them toward environment-friendly production.
- According to the European Commission, US$ 171 million worth of cars was exported from the European Union in 2022.
- According to the Federal Reserve Bank of the United States, sales of automotive vehicles in January 2024 touched 15 million, which is more than twice the sales volume recorded in 2020. This significant rise in the sales of automobiles is driving the expansion of the auto parts manufacturing market size.
“Government Support for Auto Parts Manufacturers Through Incentives for R&D and Subsidies”
Governments play a vital role in supporting auto parts manufacturers through a variety of initiatives. This assistance includes providing incentives for research and development and fostering automotive innovation in product design and manufacturing processes.
Trade policies are implemented to protect domestic manufacturers, ensuring fair competition in the global market. Infrastructure investments are made to enhance logistics and supply chain efficiency, facilitating the production and distribution of auto parts.
- The government of the United Kingdom is investing in automated mobile research and development programs. The main objective of the funding is to strengthen the supply chain and the development of zero-emission vehicles.
- A program worth US$ 1.65 billion was recently launched by the German government to support the auto industry in the country. This initiative aims to cushion the effects of the COVID-19 pandemic, by making investments in autonomous driving, sustainable production, and the development of data-driven business models.
Demand for auto parts is also increasing in developing countries such as India.
- According to the Indian Brand Equity Foundation, India is the third-largest automobile market and the largest market for manufacturing three-wheelers. Initiatives such as PIL schemes and the Automotive Mission Plan 2016 to 2026 have been taken by the Government of India for the development of the automotive sector.
What are the Challenges Faced by Auto Parts Manufacturing Companies?
“Rising Production Costs Due to Adoption of Eco-Friendly Practices"
The automobile industry faced liquidity constraints due to factory shutdowns and declining sales during the COVID-19 pandemic. Growing emphasis on sustainability has prompted auto manufacturers to follow eco-friendly practices and green technologies, which drives up production costs for auto parts.
Stiff competition among automakers reduced the prices of vehicles. This is prompting manufacturers to enhance efficiency and adapt to evolving market demands to sustain their profits, which is also boosting production costs.
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Country-wise Insights
Why is China a Lucrative Market for Auto Parts Manufacturers?
“Favorable Regulatory Policies for Automotive Manufacturing”
China is estimated to hold 59.4% of the auto parts manufacturing market share in East Asia in 2024. The market in China is projected to expand at a CAGR of 3.5% from 2024 to 2034. The relaxation of regulatory policies is encouraging manufacturers to invest more in the country’s automobile industry.
China boasts the world’s largest automotive market, with millions of vehicles produced and sold annually. The country offers skilled cost-effective labor, which attracts manufacturers from around the world.
- According to the International Trade Administration estimates, vehicle production in the country is forecasted to reach 35 million by 2025.
What are the Factors Driving Auto Parts Manufacturing in the United States?
“Government Offering Tax Credits to Consumers Purchasing Electric Vehicles”
The United States is estimated to hold a market share of 68.3% in North America in 2024. Sales of auto parts in the country are projected to increase at a CAGR of 4.2% from 2024 to 2034.
The United States government provides funding for research and development (R&D) initiatives in the automobile sector to support innovation and technological advancements. This funding may come in the form of grants, loans, or tax incentives to encourage investment in R&D activities related to vehicle safety, fuel efficiency, and alternative propulsion technologies.
The government offers tax credits to consumers who purchase electric vehicles (EVs) to incentivize their adoption.
- The United States Department of Energy reported that the federal government provided a tax credit of up to US$ 7,500 for the purchase of eligible plug-in electric drive motor vehicles in 2022. This incentive aims to promote the adoption of EVs and foster the expansion of the electric vehicle market.
Category-wise Insights
Which Vehicle Category Accounts for High Market Growth?
"Passenger Vehicle Category to Account for High Revenue Streams"
The passenger vehicles segment is set to reach a value of US$ 289 billion in 2024 in the aftermarket parts business and is projected to reach US$ 458 billion by the end of 2034, expanding at a 4.7% CAGR.
Investments in transportation infrastructure, including roads, highways, and charging stations for electric vehicles, can improve accessibility and convenience for passenger vehicle owners. Enhanced infrastructure encourages more people to own and use personal vehicles.
Government incentives, such as tax credits for electric vehicle purchases, subsidies for vehicle scrappage programs, and incentives for fuel-efficient vehicles, are projected to stimulate demand for passenger vehicles. These incentives aim to promote environmental sustainability, reduce emissions, and support the automotive industry.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competition Analysis
Key players in the auto parts manufacturing market include Denso Corporation, Valeo SA, Continental AG, Aptiv PLC, ZF Friedrichshafen AG, Magna International Inc., Faurecia S.A., Magneti Marelli SpA, and Robert Bosch GmbH.
- In February 2024, Pacific Rim Auto Parts, which is an automotive recycler company, was acquired by Fenix Parts. The main objective of the acquisition is to leverage the Pacific's specialty of e-commerce part listing and sales. The main focus would be on electric vehicles and hybrid vehicles recycling utilizing e-commerce sales channels.
- In December 2023, Valeo and Stellantis collaborated to launch the first windshield-mounted automotive video camera remanufactured at Valeo Circular Electronics Lab. Valeo has more than 40 years of experience, and it has remanufactured 1 million products so far. This step has been taken to achieve the net carbon zero goal by 2038.
- In January 2022, Bosch and Cariad, which is a subsidiary of Volkswagen Group, agreed on an extensive partnership. This engineering alliance is projected to spur automated functions across all the vehicle classes.
- In 2022, Aptiv, an auto parts manufacturer, acquired Intercable Automotive Solutions to bolster design capabilities to decrease vehicle weight, mass, and overall costs.
Fact.MR has provided detailed information about the price points of key manufacturers of auto parts positioned across regions, supply chain management, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Auto Parts Manufacturing Market Research
-
By Component :
- Batteries
- Cooling Systems
- Compressors
- Radiators
- Pumps
- Thermostats
- Underbody Components
- Brake Components
- Exhaust Components
- Automotive Filters
- Engine Components
- Starters
- Pumps
- Engines
- Alternators
- Lighting Components
- Electrical Components
- Ignition Coils
- Ignition Switches
- Spark & Glow Plugs
- Others
-
By Vehicle Category :
- Passenger Vehicles
- Commercial Vehicles
- LCVs
- HCVs
- Buses & Coaches
- Off-Road/ Highway Vehicles
-
By Sales Channel :
- OEMs
- Aftermarket
- Online Sales
- Company-owned Platforms
- e-Commerce Platforms
- Offline Sales
- Authorized Dealers
- Independent Stores
- Online Sales
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Market Demand Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ Mn) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Component
- 7.1. Battery
- 7.2. Cooling System
- 7.2.1. Compressors
- 7.2.2. Radiators
- 7.2.3. Pumps
- 7.2.4. Thermostats
- 7.3. Underbody Component
- 7.3.1. Brake Components
- 7.3.2. Exhaust Components
- 7.4. Automotive Filter
- 7.5. Engine Component
- 7.5.1. Starters
- 7.5.2. Pumps
- 7.5.3. Engines
- 7.5.4. Alternators
- 7.6. Lighting Component
- 7.7. Electrical Component
- 7.7.1. Ignition Coils
- 7.7.2. Ignition Switches
- 7.7.3. Spark & Glow Plugs
- 7.7.4. Others
- 8. Global Market Analysis and Forecast, By Vehicle Category
- 8.1. ICE
- 8.1.1. Passenger Vehicle
- 8.1.1.1. Compact / Mini (Up to 3m)
- 8.1.1.2. Mid-Size (3.1 to 4m)
- 8.1.1.3. Luxury (4.1 to 5m)
- 8.1.1.4. Sedan / Executive (5.1 to 5.5m)
- 8.1.1.5. SUVs / MPV (5 to 5.5m with 3 rows min)
- 8.1.2. Commercial Vehicle
- 8.1.2.1. LCVs
- 8.1.2.2. HCVs
- 8.1.2.3. Buses & Coaches
- 8.1.2.4. Off-Road / Highway Vehicle
- 8.1.1. Passenger Vehicle
- 8.2. EV/Hybrid Vehicle
- 8.2.1. Passenger Vehicle
- 8.2.1.1. Compact / Mini (Up to 3m)
- 8.2.1.2. Mid-Size (3.1 to 4m)
- 8.2.1.3. Luxury (4.1 to 5m)
- 8.2.1.4. Sedan / Executive (5.1 to 5.5m)
- 8.2.1.5. SUVs / MPV (5 to 5.5m with 3 rows min)
- 8.2.2. Commercial Vehicle
- 8.2.2.1. LCVs
- 8.2.2.2. HCVs
- 8.2.2.3. Buses & Coaches
- 8.2.2.4. Off-Road / Highway Vehicle
- 8.2.1. Passenger Vehicle
- 8.1. ICE
- 9. Global Market Analysis and Forecast, By Sales Channel
- 9.1. OEM (First Fit)
- 9.2. Aftermarket (Replacement)
- 9.2.1. Online Sales
- 9.2.1.1. Company Owned Platform
- 9.2.1.2. e-Commerce Platform
- 9.2.2. Offline Sales
- 9.2.2.1. Authorized Dealers
- 9.2.2.2. Independent Stores
- 9.2.1. Online Sales
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. Middle East & Africa
- 11. Global Market Cross Sectional Analysis and Forecast, By End Use X By Component
- 12. North America Market Analysis and Forecast
- 13. Latin America Market Analysis and Forecast
- 14. Western Europe Market Analysis and Forecast
- 15. Eastern Europe Market Analysis and Forecast
- 16. East Asia Market Analysis and Forecast
- 17. South Asia & Pacific Market Analysis and Forecast
- 18. Middle East & Africa Market Analysis and Forecast
- 19. Country-Level Market Analysis and Forecast
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Robert Bosch GmbH
- 21.2. Denso Corporation
- 21.3. Valeo SA
- 21.4. Continental AG
- 21.5. Aptiv PLC
- 21.6. ZF Friedrichshafen AG
- 21.7. Magna International Inc.
- 21.8. Faurecia S.A.
- 21.9. Aisin Seiki Co. Ltd.
- 21.10. Brembo S.p.A
- 21.11. ACDelco
- 21.12. Akebono Brake Industry Co. Ltd
- 21.13. Others
- 22. Assumptions & Acronyms Used
- 23. Research Methodology & Data Sources
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List Of Table
Table 01. Global Market Value (US$ million) by Region, 2019 to 2023
Table 02. Global Market Value (US$ million) and Forecast by Region, 2024 to 2034
Table 03. Global Market Volume (Units) by Region, 2019 to 2023
Table 04. Global Market Volume (Units) and Forecast by Region, 2024 to 2034
Table 05. Global Market Value (US$ million) By Component, 2019 to 2023
Table 06. Global Market Value (US$ million) and Forecast By Component, 2024 to 2034
Table 07. Global Market Volume (Units) By Component, 2019 to 2023
Table 08. Global Market Volume (Units) and Forecast By Component, 2024 to 2034
Table 09. Global Market Value (US$ million) By Vehicle Category, 2019 to 2023
Table 10. Global Market Value (US$ million) and Forecast By Vehicle Category, 2024 to 2034
Table 11. Global Market Volume (Units) By Vehicle Category, 2019 to 2023
Table 12. Global Market Volume (Units) and Forecast By Vehicle Category, 2024 to 2034
Table 13. Global Market Value (US$ million) By Sales Channel, 2019 to 2023
Table 14. Global Market Value (US$ million) and Forecast By Sales Channel, 2024 to 2034
Table 15. Global Market Volume (Units) By Sales Channel, 2019 to 2023
Table 16. Global Market Volume (Units) and Forecast By Sales Channel, 2024 to 2034
Table 17. North America Market Value (US$ million) by Country, 2019 to 2023
Table 18. North America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 19. North America Market Volume (Units) by Country, 2019 to 2023
Table 20. North America Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 21. North America Market Value (US$ million) By Component, 2019 to 2023
Table 22. North America Market Value (US$ million) and Forecast By Component, 2024 to 2034
Table 23. North America Market Volume (Units) By Component, 2019 to 2023
Table 24. North America Market Volume (Units) and Forecast By Component, 2024 to 2034
Table 25. North America Market Value (US$ million) By Vehicle Category, 2019 to 2023
Table 26. North America Market Value (US$ million) and Forecast By Vehicle Category, 2024 to 2034
Table 27. North America Market Volume (Units) By Vehicle Category, 2019 to 2023
Table 28. North America Market Volume (Units) and Forecast By Vehicle Category, 2024 to 2034
Table 29. North America Market Value (US$ million) By Sales Channel, 2019 to 2023
Table 30. North America Market Value (US$ million) and Forecast By Sales Channel, 2024 to 2034
Table 31. North America Market Volume (Units) By Sales Channel, 2019 to 2023
Table 32. North America Market Volume (Units) and Forecast By Sales Channel, 2024 to 2034
Table 33. Latin America Market Value (US$ million) by Country, 2019 to 2023
Table 34. Latin America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 35. Latin America Market Volume (Units) by Country, 2019 to 2023
Table 36. Latin America Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 37. Latin America Market Value (US$ million) By Component, 2019 to 2023
Table 38. Latin America Market Value (US$ million) and Forecast By Component, 2024 to 2034
Table 39. Latin America Market Volume (Units) By Component, 2019 to 2023
Table 40. Latin America Market Volume (Units) and Forecast By Component, 2024 to 2034
Table 41. Latin America Market Value (US$ million) By Vehicle Category, 2019 to 2023
Table 42. Latin America Market Value (US$ million) and Forecast By Vehicle Category, 2024 to 2034
Table 43. Latin America Market Volume (Units) By Vehicle Category, 2019 to 2023
Table 44. Latin America Market Volume (Units) and Forecast By Vehicle Category, 2024 to 2034
Table 45. Latin America Market Value (US$ million) By Sales Channel, 2019 to 2023
Table 46. Latin America Market Value (US$ million) and Forecast By Sales Channel, 2024 to 2034
Table 47. Latin America Market Volume (Units) By Sales Channel, 2019 to 2023
Table 48. Latin America Market Volume (Units) and Forecast By Sales Channel, 2024 to 2034
Table 49. Western Europe Market Value (US$ million) by Country, 2019 to 2023
Table 50. Western Europe Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 51. Western Europe Market Volume (Units) by Country, 2019 to 2023
Table 52. Western Europe Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 53. Western Europe Market Value (US$ million) By Component, 2019 to 2023
Table 54. Western Europe Market Value (US$ million) and Forecast By Component, 2024 to 2034
Table 55. Western Europe Market Volume (Units) By Component, 2019 to 2023
Table 56. Western Europe Market Volume (Units) and Forecast By Component, 2024 to 2034
Table 57. Western Europe Market Value (US$ million) By Vehicle Category, 2019 to 2023
Table 58. Western Europe Market Value (US$ million) and Forecast By Vehicle Category, 2024 to 2034
Table 59. Western Europe Market Volume (Units) By Vehicle Category, 2019 to 2023
Table 60. Western Europe Market Volume (Units) and Forecast By Vehicle Category, 2024 to 2034
Table 61. Western Europe Market Value (US$ million) By Sales Channel, 2019 to 2023
Table 62. Western Europe Market Value (US$ million) and Forecast By Sales Channel, 2024 to 2034
Table 63. Western Europe Market Volume (Units) By Sales Channel, 2019 to 2023
Table 64. Western Europe Market Volume (Units) and Forecast By Sales Channel, 2024 to 2034
Table 65. Eastern Europe Market Value (US$ million) by Country, 2019 to 2023
Table 66. Eastern Europe Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 67. Eastern Europe Market Volume (Units) by Country, 2019 to 2023
Table 68. Eastern Europe Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 69. Eastern Europe Market Value (US$ million) By Component, 2019 to 2023
Table 70. Eastern Europe Market Value (US$ million) and Forecast By Component, 2024 to 2034
Table 71. Eastern Europe Market Volume (Units) By Component, 2019 to 2023
Table 72. Eastern Europe Market Volume (Units) and Forecast By Component, 2024 to 2034
Table 73. Eastern Europe Market Value (US$ million) By Vehicle Category, 2019 to 2023
Table 74. Eastern Europe Market Value (US$ million) and Forecast By Vehicle Category, 2024 to 2034
Table 75. Eastern Europe Market Volume (Units) By Vehicle Category, 2019 to 2023
Table 76. Eastern Europe Market Volume (Units) and Forecast By Vehicle Category, 2024 to 2034
Table 77. Eastern Europe Market Value (US$ million) By Sales Channel, 2019 to 2023
Table 78. Eastern Europe Market Value (US$ million) and Forecast By Sales Channel, 2024 to 2034
Table 79. Eastern Europe Market Volume (Units) By Sales Channel, 2019 to 2023
Table 80. Eastern Europe Market Volume (Units) and Forecast By Sales Channel, 2024 to 2034
Table 81. East Asia Market Value (US$ million) by Country, 2019 to 2023
Table 82. East Asia Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 83. East Asia Market Volume (Units) by Country, 2019 to 2023
Table 84. East Asia Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 85. East Asia Market Value (US$ million) By Component, 2019 to 2023
Table 86. East Asia Market Value (US$ million) and Forecast By Component, 2024 to 2034
Table 87. East Asia Market Volume (Units) By Component, 2019 to 2023
Table 88. East Asia Market Volume (Units) and Forecast By Component, 2024 to 2034
Table 89. East Asia Market Value (US$ million) By Vehicle Category, 2019 to 2023
Table 90. East Asia Market Value (US$ million) and Forecast By Vehicle Category, 2024 to 2034
Table 91. East Asia Market Volume (Units) By Vehicle Category, 2019 to 2023
Table 92. East Asia Market Volume (Units) and Forecast By Vehicle Category, 2024 to 2034
Table 93. East Asia Market Value (US$ million) By Sales Channel, 2019 to 2023
Table 94. East Asia Market Value (US$ million) and Forecast By Sales Channel, 2024 to 2034
Table 95. East Asia Market Volume (Units) By Sales Channel, 2019 to 2023
Table 96. East Asia Market Volume (Units) and Forecast By Sales Channel, 2024 to 2034
Table 97. South Asia & Pacific Market Value (US$ million) by Country, 2019 to 2023
Table 98. South Asia & Pacific Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 99. South Asia & Pacific Market Volume (Units) by Country, 2019 to 2023
Table 100. South Asia & Pacific Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 101. South Asia & Pacific Market Value (US$ million) By Component, 2019 to 2023
Table 102. South Asia & Pacific Market Value (US$ million) and Forecast By Component, 2024 to 2034
Table 103. South Asia & Pacific Market Volume (Units) By Component, 2019 to 2023
Table 104. South Asia & Pacific Market Volume (Units) and Forecast By Component, 2024 to 2034
Table 105. South Asia & Pacific Market Value (US$ million) By Vehicle Category, 2019 to 2023
Table 106. South Asia & Pacific Market Value (US$ million) and Forecast By Vehicle Category, 2024 to 2034
Table 107. South Asia & Pacific Market Volume (Units) By Vehicle Category, 2019 to 2023
Table 108. South Asia & Pacific Market Volume (Units) and Forecast By Vehicle Category, 2024 to 2034
Table 109. South Asia & Pacific Market Value (US$ million) By Sales Channel, 2019 to 2023
Table 110. South Asia & Pacific Market Value (US$ million) and Forecast By Sales Channel, 2024 to 2034
Table 111. South Asia & Pacific Market Volume (Units) By Sales Channel, 2019 to 2023
Table 112. South Asia & Pacific Market Volume (Units) and Forecast By Sales Channel, 2024 to 2034
Table 113. MEA Market Value (US$ million) by Country, 2019 to 2023
Table 114. MEA Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 115. MEA Market Volume (Units) by Country, 2019 to 2023
Table 116. MEA Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 117. MEA Market Value (US$ million) By Component, 2019 to 2023
Table 118. MEA Market Value (US$ million) and Forecast By Component, 2024 to 2034
Table 119. MEA Market Volume (Units) By Component, 2019 to 2023
Table 120. MEA Market Volume (Units) and Forecast By Component, 2024 to 2034
Table 121. MEA Market Value (US$ million) By Vehicle Category, 2019 to 2023
Table 122. MEA Market Value (US$ million) and Forecast By Vehicle Category, 2024 to 2034
Table 123. MEA Market Volume (Units) By Vehicle Category, 2019 to 2023
Table 124. MEA Market Volume (Units) and Forecast By Vehicle Category, 2024 to 2034
Table 125. MEA Market Value (US$ million) By Sales Channel, 2019 to 2023
Table 126. MEA Market Value (US$ million) and Forecast By Sales Channel, 2024 to 2034
Table 127. MEA Market Volume (Units) By Sales Channel, 2019 to 2023
Table 128. MEA Market Volume (Units) and Forecast By Sales Channel, 2024 to 2034
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 03. Global Market Value (US$ million) and Volume (Units) by Region, 2024 & 2034
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2024 to 2034
Figure 05. Global Market Value (US$ million) and Volume (Units) By Component, 2024 & 2034
Figure 06. Global Market Y-o-Y Growth Rate By Component, 2024 to 2034
Figure 07. Global Market Value (US$ million) and Volume (Units) By Vehicle Category, 2024 & 2034
Figure 08. Global Market Y-o-Y Growth Rate By Vehicle Category, 2024 to 2034
Figure 09. Global Market Value (US$ million) and Volume (Units) By Sales Channel, 2024 & 2034
Figure 10. Global Market Y-o-Y Growth Rate By Sales Channel, 2024 to 2034
Figure 11. North America Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 12. North America Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 13. North America Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 14. North America Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 15. North America Market Value (US$ million) and Volume (Units) By Component, 2024 & 2034
Figure 16. North America Market Y-o-Y Growth Rate By Component, 2024 to 2034
Figure 17. North America Market Value (US$ million) and Volume (Units) By Vehicle Category, 2024 & 2034
Figure 18. North America Market Y-o-Y Growth Rate By Vehicle Category, 2024 to 2034
Figure 19. North America Market Value (US$ million) and Volume (Units) By Sales Channel, 2024 & 2034
Figure 20. North America Market Y-o-Y Growth Rate By Sales Channel, 2024 to 2034
Figure 21. North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 22. North America Market Attractiveness Analysis By Component, 2024 to 2034
Figure 23. North America Market Attractiveness Analysis By Vehicle Category, 2024 to 2034
Figure 24. North America Market Attractiveness Analysis By Sales Channel, 2024 to 2034
Figure 25. Latin America Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 26. Latin America Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 27. Latin America Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 28. Latin America Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 29. Latin America Market Value (US$ million) and Volume (Units) By Component, 2024 & 2034
Figure 30. Latin America Market Y-o-Y Growth Rate By Component, 2024 to 2034
Figure 31. Latin America Market Value (US$ million) and Volume (Units) By Vehicle Category, 2024 & 2034
Figure 32. Latin America Market Y-o-Y Growth Rate By Vehicle Category, 2024 to 2034
Figure 33. Latin America Market Value (US$ million) and Volume (Units) By Sales Channel, 2024 & 2034
Figure 34. Latin America Market Y-o-Y Growth Rate By Sales Channel, 2024 to 2034
Figure 35. Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 36. Latin America Market Attractiveness Analysis By Component, 2024 to 2034
Figure 37. Latin America Market Attractiveness Analysis By Vehicle Category, 2024 to 2034
Figure 38. Latin America Market Attractiveness Analysis By Sales Channel, 2024 to 2034
Figure 39. Western Europe Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 40. Western Europe Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 41. Western Europe Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 42. Western Europe Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 43. Western Europe Market Value (US$ million) and Volume (Units) By Component, 2024 & 2034
Figure 44. Western Europe Market Y-o-Y Growth Rate By Component, 2024 to 2034
Figure 45. Western Europe Market Value (US$ million) and Volume (Units) By Vehicle Category, 2024 & 2034
Figure 46. Western Europe Market Y-o-Y Growth Rate By Vehicle Category, 2024 to 2034
Figure 47. Western Europe Market Value (US$ million) and Volume (Units) By Sales Channel, 2024 & 2034
Figure 48. Western Europe Market Y-o-Y Growth Rate By Sales Channel, 2024 to 2034
Figure 49. Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 50. Western Europe Market Attractiveness Analysis By Component, 2024 to 2034
Figure 51. Western Europe Market Attractiveness Analysis By Vehicle Category, 2024 to 2034
Figure 52. Western Europe Market Attractiveness Analysis By Sales Channel, 2024 to 2034
Figure 53. Eastern Europe Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 54. Eastern Europe Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 55. Eastern Europe Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 56. Eastern Europe Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 57. Eastern Europe Market Value (US$ million) and Volume (Units) By Component, 2024 & 2034
Figure 58. Eastern Europe Market Y-o-Y Growth Rate By Component, 2024 to 2034
Figure 59. Eastern Europe Market Value (US$ million) and Volume (Units) By Vehicle Category, 2024 & 2034
Figure 60. Eastern Europe Market Y-o-Y Growth Rate By Vehicle Category, 2024 to 2034
Figure 61. Eastern Europe Market Value (US$ million) and Volume (Units) By Sales Channel, 2024 & 2034
Figure 62. Eastern Europe Market Y-o-Y Growth Rate By Sales Channel, 2024 to 2034
Figure 63. Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 64. Eastern Europe Market Attractiveness Analysis By Component, 2024 to 2034
Figure 65. Eastern Europe Market Attractiveness Analysis By Vehicle Category, 2024 to 2034
Figure 66. Eastern Europe Market Attractiveness Analysis By Sales Channel, 2024 to 2034
Figure 67. East Asia Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 68. East Asia Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 69. East Asia Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 70. East Asia Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 71. East Asia Market Value (US$ million) and Volume (Units) By Component, 2024 & 2034
Figure 72. East Asia Market Y-o-Y Growth Rate By Component, 2024 to 2034
Figure 73. East Asia Market Value (US$ million) and Volume (Units) By Vehicle Category, 2024 & 2034
Figure 74. East Asia Market Y-o-Y Growth Rate By Vehicle Category, 2024 to 2034
Figure 75. East Asia Market Value (US$ million) and Volume (Units) By Sales Channel, 2024 & 2034
Figure 76. East Asia Market Y-o-Y Growth Rate By Sales Channel, 2024 to 2034
Figure 77. East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 78. East Asia Market Attractiveness Analysis By Component, 2024 to 2034
Figure 79. East Asia Market Attractiveness Analysis By Vehicle Category, 2024 to 2034
Figure 80. East Asia Market Attractiveness Analysis By Sales Channel, 2024 to 2034
Figure 81. South Asia & Pacific Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 82. South Asia & Pacific Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 83. South Asia & Pacific Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 84. South Asia & Pacific Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 85. South Asia & Pacific Market Value (US$ million) and Volume (Units) By Component, 2024 & 2034
Figure 86. South Asia & Pacific Market Y-o-Y Growth Rate By Component, 2024 to 2034
Figure 87. South Asia & Pacific Market Value (US$ million) and Volume (Units) By Vehicle Category, 2024 & 2034
Figure 88. South Asia & Pacific Market Y-o-Y Growth Rate By Vehicle Category, 2024 to 2034
Figure 89. South Asia & Pacific Market Value (US$ million) and Volume (Units) By Sales Channel, 2024 & 2034
Figure 90. South Asia & Pacific Market Y-o-Y Growth Rate By Sales Channel, 2024 to 2034
Figure 91. South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 92. South Asia & Pacific Market Attractiveness Analysis By Component, 2024 to 2034
Figure 93. South Asia & Pacific Market Attractiveness Analysis By Vehicle Category, 2024 to 2034
Figure 94. South Asia & Pacific Market Attractiveness Analysis By Sales Channel, 2024 to 2034
Figure 95. MEA Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 96. MEA Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 97. MEA Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 98. MEA Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 99. MEA Market Value (US$ million) and Volume (Units) By Component, 2024 & 2034
Figure 100. MEA Market Y-o-Y Growth Rate By Component, 2024 to 2034
Figure 101. MEA Market Value (US$ million) and Volume (Units) By Vehicle Category, 2024 & 2034
Figure 102. MEA Market Y-o-Y Growth Rate By Vehicle Category, 2024 to 2034
Figure 103. MEA Market Value (US$ million) and Volume (Units) By Sales Channel, 2024 & 2034
Figure 104. MEA Market Y-o-Y Growth Rate By Sales Channel, 2024 to 2034
Figure 105. MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 106. MEA Market Attractiveness Analysis By Component, 2024 to 2034
Figure 107. MEA Market Attractiveness Analysis By Vehicle Category, 2024 to 2034
Figure 108. MEA Market Attractiveness Analysis By Sales Channel, 2024 to 2034
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- FAQs -
How big is the auto parts manufacturing market in 2024?
The global auto parts manufacturing market has been valued at US$ 454.7 billion for 2024.
What are the forecasted sales for auto parts manufacturing solutions by the end of 2034?
Revenue from auto parts manufacturing is projected to reach US$ 666.6 billion by the end of 2034.
At what rate is the passenger vehicles segment projected to grow?
The passenger vehicles segment is projected to expand at a CAGR of 4.7% through 2034.
Who are the leading players operating in the auto parts manufacturing market?
Key players in the market are Denso Corporation, Valeo SA, Continental AG, Aptiv PLC, ZF Friedrichshafen AG, and Magna International.
What is the projected growth rate for the market in the United States?
The market in the U.S. has been forecasted to expand at 4.2% CAGR between 2024 and 2034.
Auto Parts Manufacturing Market