Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 1.1 % over the past five years, to reach an estimated $2.7tr in 2025.
Trends and Insights
Manufacturers have faced extensive supply chain volatility
- Major supply chain disruptions have marked the current period, including the pandemic, the Russian invasion of Ukraine, conflict in the Red Sea, semiconductor delays in Taiwan and tariffs originating in the United States. The Red Sea conflict has proven an especially costly disruption, with more than 30.0% of global container trade and 10.0% of all global trade moving through the region’s shipping lanes, according to the United Nations. Companies have had to reroute inputs and finished products past the Cape of Good Hope, leading to significant delays and cost increases.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Electrification initiatives will create major shifts in auto parts production
- Vehicle electrification and hybridization simultaneously pose the greatest threat and most lucrative opportunity for global auto parts and accessories manufacturers. On one end, EVs don’t need traditional alternators, exhaust systems, spark plugs, cranking motors or cable sets to start and operate. EVs also have fewer parts overall, potentially eliminating a major demand source as most countries mandate EV transitions. Even differences in weight and structure will necessitate major shifts in product design and implementation.
Biggest companies in the Global Auto Parts & Accessories Manufacturing
| Company | Market Share (%)
2025 | Revenue ($m)
2025 | Profit ($m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Robert Bosch GmbH | 70,132.4 | 3,070.1 | 4.4 | |
DENSO Corporation | 46,514.1 | 3,370.8 | 7.2 | |
Magna International Inc. | 41,444.8 | 1,457.4 | 3.5 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Electrical systems, Steering, suspensions and wheels and Brake systems. Electrical systems is the largest segment of the Global Auto Parts & Accessories Manufacturing.
Trends and Insights
Airbags and HVAC systems are essential in all vehicles
- Other parts generally include exhaust, airbag and HVAC products; these products are highly standardized, but generally mandated across all vehicles, contributing to robust demand. HVAC systems include air conditioning, heating and ventilation systems in cabin cars. Many automakers have competed to create better HVAC systems to improve the driver and passenger experience. In particular, luxury automakers have advertised superior cabin systems, leading to elevated demand and rapid innovation.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture motor vehicle parts and accessories other than engines, engines parts, batteries, bodies and chassis. Motor vehicle assembling is not included in this industry. Manufacturers typically supply parts and accessories to original equipment manufacturers (OEM) for use in the manufacturing of complete motor vehicles or for replacement parts in OEM dealerships. They also supply parts to the aftermarket.
What's included in this industry?
Products and services covered in the Global Auto Parts & Accessories Manufacturing industry include Motor vehicle electrical and electronic part manufacturing, Motor vehicle steering and suspension part manufacturing, Motor vehicle brake system manufacturing, Motor vehicle transmission and power train part manufacturing, Motor vehicle seating and interior trim part manufacturing and Motor vehicle part metal stamping.Companies
Companies covered in the Global Auto Parts & Accessories Manufacturing industry include Robert Bosch GmbH, DENSO Corporation and Magna International Inc.Purchase this report to view all 4 major companies in this industry.
Related Terms
Related terms covered in the Global Auto Parts & Accessories Manufacturing industry include amt, dct, original equipment manufacturer (oem) suppliers , oem, just-in-time (jit) and kanban.Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Electric vehicle innovation will remain a major driving and disruptive force for global auto parts and accessories manufacturers. EVs will require new components and equipmen...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Most auto parts manufacturers rely on sales to automakers. Companies often prioritize contracts with key motor vehicle manufacturers and tier 1 suppliers to secure stable rev...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2025
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Global auto sales reflect auto parts manufacturers' primary markets. North Asia is the fastest-growing region, with China rapidly developing, while Japan and South Korea disp...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each region in 2025
- Number and share of revenue each region accounts for in 2025
- Number and share of wages each region accounts for in 2025
- Number and share of employees in each region in 2025
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2025
- Share of population compared to output in each region in 2025
- Data tables
- Share of global output by region in 2025
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The industry has a low market share concentration. Most manufacturers operate in niche verticals and struggle to operate across multiple product lines, contributing to extens...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Manufacturing auto parts and accessories is highly fragmented. Companies often have limited operational scopes, specializing in various verticals, like auto electronics or br...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of Robert Bosch GmbH's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of DENSO Corporation's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Magna International Inc.'s performance by revenue, market share and profit margin from 2019 through 2025
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Robert Bosch GmbH, and factors influencing its performance in the industry
- Description and key data for DENSO Corporation, and factors influencing its performance in the industry
- Description and key data for Magna International Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Manufacturers are subject to increasingly strict emissions and safety standards. Harmonization efforts will create a more global standard through the outlook period; however,...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Manufacturers struggled to generate strong returns through much of the current period. High interest rates, supply chain disruptions and uneven consumer confidence have limit...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Auto Parts & Accessories Manufacturing industry in 2025?
The market size of the Global Auto Parts & Accessories Manufacturing industry is $2.7tr in 2025.
How many businesses are there in the Global Auto Parts & Accessories Manufacturing industry in 2025?
There are 42,223 businesses in the Global Auto Parts & Accessories Manufacturing industry, which has declined at a CAGR of 1.3 % between 2020 and 2025.
How may import tariffs affect the Global Auto Parts & Accessories Manufacturing industry?
The Global Auto Parts & Accessories Manufacturing industry is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Global Auto Parts & Accessories Manufacturing industry?
The Global Auto Parts & Accessories Manufacturing industry is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Global Auto Parts & Accessories Manufacturing industry grown or declined over the past 5 years?
The market size of the Global Auto Parts & Accessories Manufacturing industry has been growing at a CAGR of 1.1 % between 2020 and 2025.
What is the forecast growth of the Global Auto Parts & Accessories Manufacturing industry over the next 5 years?
Over the next five years, the Global Auto Parts & Accessories Manufacturing industry is expected to grow.
What are the biggest companies in the Global Auto Parts & Accessories Manufacturing industry?
The biggest companies operating in the Global Auto Parts & Accessories Manufacturing industry are Robert Bosch GmbH, DENSO Corporation and Magna International Inc.
What does the Global Auto Parts & Accessories Manufacturing industry include?
Motor vehicle electrical and electronic part manufacturing and Motor vehicle steering and suspension part manufacturing are part of the Global Auto Parts & Accessories Manufacturing industry.
Which companies have the highest market share in the Global Auto Parts & Accessories Manufacturing industry?
The company holding the most market share in the Global Auto Parts & Accessories Manufacturing industry is Robert Bosch GmbH.
How competitive is the Global Auto Parts & Accessories Manufacturing industry?
The level of competition is very high and increasing in the Global Auto Parts & Accessories Manufacturing industry.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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