Automotive Components Market Report 2025 (Global Edition)

Global Automotive Components Market Report 2025 Market Size Split by Type (Driveline & Powertrain, Interiors & Exteriors, Electronics, Bodies & Chassis, Seating, Wheel & Tires, Others), by Application...

Automotive Components Market Report Description

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Top Companies in Automotive Components Market

The Automotive Components market's competitive landscape offers a thorough examination of the dynamics of the Automobile and Transportation industry, exposing the ways in which prominent firms interact, compete, and position themselves strategically. The distribution of market share among top companies, the identification of market leaders, and the elements influencing their dominance are all included in this analysis.The study explores the competitive tactics used by these companies, which are crucial to preserving or improving their market position. These tactics include product differentiation, creative pricing schemes, joint ventures, mergers and acquisitions (M&A), and strategic alliances. In order to help businesses keep ahead of the competition, the competitive landscape research also includes the most recent company advancements, such as plans for global expansion, new product launches, and cutting-edge technical advancements.

A better understanding of the performance of individual companies and the dynamics of the market is provided by the report, which also offers insights into financial performance measures such as revenue, gross margin, and market share for major players from 2021 to 2024. Each significant rival has a SWOT analysis that highlights its advantages, disadvantages, opportunities, and threats. This helps investors and organizations make well-informed decisions by providing a comprehensive understanding of the competitive dynamics at work. Additionally, the research evaluates how businesses have handled difficulties like the COVID-19 epidemic, emphasizing their initiatives for digital transformation, cost reduction, and increased operational efficiency.
(For detailed financial insights and company-specific analysis, request sample pages or consult with our experts.)
 

Top Companies Market Share in Automotive Components Industry: (In no particular order of Rank)

• Robert Bosch GmbH
• Continental AG
• Denso
• Aisin
• Hyundai Mobis
• Magna International Inc.
• ZF Friedrichshafen
• General Motors
• Valeo
• Faurecia
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Which Region dominates the Market in 2024?
According to Cognitive Market Research, the North America region dominated the market and accounted for the highest revenue of XX% in 2024 and it is projected that it will grow at a CAGR of XX% in the future. This growth is driven by factors such as the adoption of EVs, technological advancements, autonomous vehicles, and growing aftermarket. In mid-2024, the US ride-hailing market has grown due to progress in autonomous vehicles. Waymo is a leading self-driving startup in which the company Alphabet (parent company of Waymo) invests up to USD 5 billion to develop the sixth generation of autonomous driving system. Waymo manages and operates approximately 800 self-driving vehicles in California, and in Phoenix, it is more than 800. It uses sensor technology. Recently, it uses minimum sensors to ensure safety measures. Also, Waymo and Zeekr collaborate to text a robotaxi rides. This will drive the growth of the Automotive Components Market.
In the United States, the adoption of the EV is also increasing resulting in the development of the EV sector, and growth in the Automotive Components Market. In 2023, the number of electric car registrations had reached 1.4 million by 40% increase. The revised Clean Vehicle Tax Credit and electric car price cut were helpful to some EV models to get credit in 2023. For example- the Tesla Model Y increased by 50% and became eligible for USD 7500 credits. 
Also, the Inflation Reduction Act (IRA) which is a part of the aim of President Joe Biden is applied to encourage investments in North American EVs and to provide incentives. It aims to establish demand and supply for produced vehicles within the continent. The IRA excludes the Foreign Entities of Concern (FEOC). For example- If the Chinese companies are looking to invest in the North American EV supply chain but, it is a part of FEOC, then they could not get incentives even if the components of EVs are of North America. 

 

Which Region is Expanding at the Fastest CAGR?
Asia-Pacific is projected to grow at a CAGR of XX% over the period. Asia-Pacific region is experiencing growth in the Automotive Market due to progressive countries like China and India. After the United States, China is the second leading country in Automotive Market. The growth in electric car sales significantly drives the car market. Conventional internal combustion engine cars have grown by 5% and indicated that electric cars will significantly follow the growth. After non-financial support, and tax exemption in EV purchases, the automotive component industry has contributed as a key driver for the growth of the Electric Cars Market.
The automotive market of the Asia-Pacific region consists of three types of players- The traditional car companies focus on the product-selling-based model. They sell cars for individual ownership (B2C) or fleet owners (B2B). Some companies are part of service-led models with shared mobility platforms. For example- the Automotive Manufacturer SAIC Motor has developed EVCard, the self-service rental platform and Geely has Cao Cao Mobility for new energy cars. EV companies such as Nio, Byton, and Xpeng Motors are successful due to smart technological products and services. These eco-friendly products are accepted and adopted by the young population and conscious consumers. These companies have a product-based model. The last category includes technology firms such as Apple, Huawei, Sony, etc. These companies are focused on demands for mobility. 
 

The current report Scope analyzes Automotive Components Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

Automotive Components Market Analysis

Type Segment Analysis of Automotive Components Market

In order to shape the structure and growth potential of the business, the Automotive Components market is usually categorized by Type. Businesses can prioritize expenditures, spur innovation, and modify products to satisfy changing customer needs by identifying high-performing product categories through market analysis by Type. Businesses can remain ahead of market changes by strategically concentrating on the most profitable prospects by analyzing the demand trends and performance indicators of each segment. Businesses can use this knowledge to guide long-term strategy planning and resource allocation by identifying which market segments are likely to see slower or stagnant growth and which are positioned for rapid increase.

Type of Automotive Components analyzed in this report are as follows:

• Driveline & Powertrain
• Interiors & Exteriors
• Electronics
• Bodies & Chassis
• Seating
• Wheel & Tires
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Components Industry. Request a Free Sample PDF!

The application segment of the Automotive Components Market includes OEMs and the Aftermarket.

According to Cognitive Market Research, based on the application, OEM significant growth in the market. It is an abbreviation of Original Equipment Manufacturer. It offers replacement parts that are identical to the already installed parts of the vehicle. Those parts offer the same level of performance and quality after repairs. The OEM parts are more expensive than aftermarket parts. These parts are not easily available. This segment includes companies that produce the parts and components for the vehicle such as engines, brakes, electronics, etc. It offers benefits such as identical parts and warranty coverage. Despite benefits, the disadvantages include expensiveness, higher cost of the part but low quality, and limited availability based on the model.

Aftermarket is a faster-growing segment in the market. The automotive aftermarket includes parts for replacement, collision, appearance, and performance. This market offers the parts for replacement but not manufactured by OEMs. It replaces damaged parts and also it is used to increase tune-up. This market offers different variety of qualities and prices for all vehicle models. Aftermarket parts offer advantages such as cheaper than OEM parts, more variety, and options, and readily available. Also, it has some disadvantages such as different quality as per the manufacturer, and no warranty coverage. 

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Automotive Components Propulsion Segment Analysis

• Internal Combustion Engine
• Battery Electric Vehicles
• Hybrid Electric Vehicles
• Plug-in Hybrid Electric Vehicles
• Alternative Fuels

Automotive Components Sales Channel Segment Analysis

• Original Equipment Manufacturers (OEMs)
• Aftermarket

Author's Detail

Sumedha Gosavi

Research Associate at Cognitive Market Research

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