Top 12 Auto Parts Manufacturing Companies in the World

Auto parts manufacturing refers to the process of producing, designing, and assembling components used in the production of automobiles. They include braking systems, steering and suspension components, motors and engines, trimmers, and electronics. Auto parts are factory-produced in bulk by vehicle manufacturing companies, sole traders, and partnered organizations that produce cars. They involve various techniques, such as casting, forging, machining, stamping, and molding, to produce parts that comprise several materials, including steel, aluminum, plastic, and rubber. Auto parts manufacturing incorporates various stages, from design and prototyping to testing, production, and distribution. In addition to this, this procedure is essential for safety, environmental sustainability, supply chain support, and employment.

How big is the auto parts manufacturing market?

According to IMARC Group, the global auto parts manufacturing market size reached US$ 2,138 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,523 Billion by 2028, exhibiting a growth rate (CAGR) of 2.8% during 2023-2028.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/auto-parts-manufacturing-market/requestsample

The escalating demand for electric vehicles (EVs) and the expanding automotive industry are primarily driving the auto parts manufacturing market. Besides this, the launch of several policies by the government bodies to reduce emissions, improve fuel efficiency, and enhance safety features is further augmenting the market growth. Moreover, the leading companies, such as Aisin Corporation, Akebono Brake Industry Co. Ltd., Brembo S.p.A., Continental AG, DENSO Corporation, Faurecia SE, General Motors Company, Magna International Inc., Marelli Holdings Co. Ltd., etc., are heavily investing in developing advanced safety features, including airbags, anti-lock brakes, and collision avoidance systems, which is also catalyzing the global market. 

Auto Parts Manufacturing Companies


Apart from this, continual advancements in 3D printing technology to create prototypes, produce small batches of custom components, and reduce overall costs are acting as significant growth-inducing factors. Additionally, the extensive utilization of digital techniques, such as the internet of things (IoT), artificial intelligence (AI), and big data analytics in the production process to improve efficiency, quality, and customer satisfaction is also stimulating the market growth. Furthermore, the growing popularity of vehicle modifications and hybrid engines is anticipated to propel the auto parts manufacturing market over the forecasted period.

List of Top 12 Companies in the Auto Parts Manufacturing Industry Worldwide

  • Robert Bosch GmbH
  • Aisin Corporation
  • Akebono Brake Industry Co. Ltd.
  • Brembo S.p.A.
  • Continental AG
  • DENSO Corporation
  • Faurecia SE
  • General Motors Company
  • Magna International Inc.
  • Marelli Holdings Co. Ltd.
  • Schaeffler AG
  • Valeo

Read Also:

Top Companies in the Automotive Seat Market: https://bit.ly/3LhYkhW

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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