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The Global Auto Parts Market size was valued at USD 457 billion in 2023. It is likely to grow up to USD 720 billion by 2030 at a CAGR of 5.7% during the forecast period ranging between 2025 and 2030.

Auto parts are the mechanical and electronic components of any vehicle which include the gearbox, clutch, engine, brakes, steering, battery, lights, etc. Advanced technologies such as modular design and smart parts have evolved significantly over the years. The increasing production of electrical vehicles has increased the want for specialized batteries, automobiles and electronic components. Smart and connected parts help enhance vehicle performance and safety. Increasing complexity of electric and high-tech vehicles has led to the need for advanced and more sophisticated parts. However the supply chain disruptions and rising raw material prices is hampering the market growth.

Browse market data Tables and Figures spread through 136 Pages and in-depth TOC on Global Auto Parts Market By Type (OEM Parts and Aftermarket Parts), By Vehicle Type (Passenger Cars, Commercial Vehicles and Two-Wheeler), By Material (Metal, Plastic, Rubber and Others), By Distribution Channel (OEM Dealerships, Auto Parts Retailers, and E-Commerce Platforms) and By Geography (North America, Europe, Asia Pacific, Rest of the World) - Forecast from 2025 to 2030.

Global Auto Parts Market Segmentation and Key Players

By type, aftermarket dominated the global auto parts market 

Aftermarket segment is booming as people prefer to get their vehicles repaired when they get old.

"North America dominates the global auto parts market." 

North America dominates the global auto parts market due to technological innovation and strong aftermarket support.

Some of the major players in this market are Robert Bosch GmbH, Denso Corporation, Continental AG, ZF Friedrichshafen AG, Magna International, Valeo, Aisin Corporation, Hyundai Mobis, Faurecia, Lear Corporation, Brembo, BorgWarner, Tenneco, Schaeffler AG, Hitachi Automotive Systems, Delphi Technologies, Yazaki, Sumitomo Electric, Panasonic Automotive

Recent Developments By the Key Players

Panasonic Automotive Systems Co. Ltd. and Arm has collaborated to standardize automotive architecture for Software-Defined Vehicles (SDVs).

Krishna Group's Metals Division, SKH, has partnered with Magna International Inc for body and chassis operations in India, creating a new entity called SKH M.

The Global Auto Parts Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.

Global Auto Parts Market  coverage (By Value)

• Type Insight and Forecast 2025 - 2030
  • OEM Parts
  • Aftermarket Parts
• Vehicle Type Insight and Forecast 2025 - 2030
  • Passenger Cars
  • Commercial Vehicles
  • Two-Wheeler
• Material Insight and Forecast 2025 - 2030
  • Metal
  • Plastic
  • Rubber
  • Others
• Distribution Channel Insight and Forecast 2025 - 2030
  • OEM Dealerships
  • Auto Parts Retailers
  • E-Commerce Platforms

Geographical Segmentation

Global Auto Parts Market by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Vietnam
  • Thailand
  • Malaysia
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries