Top 16 Auto Parts Manufacturing Companies in the World

The global auto parts manufacturing market reached a value of about USD 701.57 billion in 2024. The market is assessed to grow at a CAGR of 6.1% in the forecast period of 2025-2034 to reach around USD 1268.31 billion by 2034. As per the analysis by Expert Market Research, the market is expected to be driven by the growing research and innovations in the automotive sector.

The increasing demand for vehicles and a surge in the sale of hybrid electric vehicles are propelling the global automotive and parts manufacturing growth. The improving living standards, coupled with the growing middle-class population across emerging economies, have been fuelling the demand for passenger cars.

The steady growth of the automotive aftermarket is another crucial factor propelling the manufacturing automobile parts market demand. Car owners are also attempting to enhance the durability of vehicles, leading to an expansion of auto parts manufacturing aftermarket.

An increasing number of older cars on the road, the growing intricacy of automotive components, and a swift transition towards fuel-efficient automobiles are crucial trends aiding the market for auto parts manufacturing. In addition, auto part manufacturers are making consistent efforts to modernise components in order to cope with the next-generation digitalised requirements in a car.

Latest News: Top Auto Parts Companies & Market Trends

In March 2025, Advance Auto Parts initiated a major supply chain overhaul to address declining sales. The company is consolidating distribution centers, closing approximately 700 stores, and establishing larger regional hubs to streamline operations and improve product availability, aiming to better compete with rivals like AutoZone and O'Reilly Automotive.

In January 2025, American Axle & Manufacturing announced a £1.2 billion acquisition of British auto parts maker Dowlais. This strategic move strengthens both companies' transition to the electric vehicle market, expands global manufacturing capabilities, and enhances product diversification. The deal positions the merged entity as a key player in the evolving automotive industry.

In December 2024, Indian auto parts supplier Sona Comstar announced expansion plans into China, Japan, and South Korea. The company is in talks with automakers to supply components for electric, hybrid, and internal combustion vehicles. This move aims to diversify its market presence beyond North America and Europe, strengthening its global footprint in the automotive industry.

In February 2024, Magna inaugurated a vehicle parts manufacturing facility in Maharashtra, India. The plant will produce seating systems, frames, and other auto components to support global automakers. This expansion strengthens Magna’s presence in India, catering to the growing demand for automotive parts in domestic and international markets.

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Top 16 Auto Parts Manufacturing Companies Worldwide:

1. Robert Bosch GmbH

Robert Bosch GmbH is a German multinational engineering and technology company renowned for its innovative products across various sectors, including mobility solutions, industrial technology, consumer goods, and energy and building technology. The company has made significant contributions to the automotive industry with advanced solutions for driving assistance systems, electric mobility, and automotive electronics. Bosch also plays a crucial role in the home appliances market, offering a wide range of products such as dishwashers, washing machines, and power tools. With a strong commitment to sustainability, Bosch has embraced digitalisation and smart technologies to create intelligent solutions that improve quality of life. The company’s focus on research and development has driven its success in numerous fields, positioning it as a leader in innovation. Bosch’s deep dedication to corporate social responsibility includes efforts to reduce its carbon footprint, support communities, and enhance employee welfare. Through its numerous global subsidiaries and partnerships, Bosch remains a key player in advancing technological progress worldwide.

2. DENSO CORPORATION

DENSO CORPORATION is a global leader in advanced automotive technology, producing components and systems critical for vehicle safety, efficiency, and comfort. The company specialises in automotive electrification, autonomous driving, powertrain, thermal systems, and interior components, providing cutting-edge solutions to automakers and suppliers worldwide. DENSO’s focus on innovation and environmental sustainability drives the development of its products, which are integral to reducing the environmental impact of vehicles. The company is particularly known for its work in fuel-efficient engines, electrified powertrains, and electrification solutions that promote cleaner, more sustainable transportation. With a commitment to social responsibility, DENSO also strives to contribute to the development of future mobility and technologies that improve societal welfare. Through its network of R&D centres, production plants, and global sales offices, DENSO remains at the forefront of the automotive industry, ensuring that it continues to meet the evolving needs of customers and contributes to safer, more efficient transportation for the future.

3. Continental AG 

Continental AG is a leading German automotive manufacturer renowned for producing tyres, automotive components, and industrial goods. The company is particularly noted for its innovative tyre technology, which enhances vehicle safety, performance, and fuel efficiency. Continental has expanded its offerings to include advanced automotive systems, such as braking and suspension systems, and digital solutions for autonomous driving. The company’s dedication to sustainable practices is evident in its ongoing development of eco-friendly products, like energy-efficient tyres and advanced emission-reducing technologies. Beyond the automotive industry, Continental also manufactures non-automotive products, including industrial rubber products, automotive parts, and sensors used in various industries. The company’s strategic focus on research and development allows it to continually introduce new technologies, particularly in the areas of digitalisation and automation. Continental’s commitment to innovation and sustainability ensures its position as a key player in the global automotive and industrial markets, helping to drive the future of mobility and technology.

4. ZF Friedrichshafen AG

ZF Friedrichshafen AG is a global technology company that specialises in driveline and chassis technologies, as well as advanced driver assistance systems. It is a leading supplier to the automotive industry, providing high-performance solutions that optimise vehicle safety, fuel efficiency, and driving experience. ZF’s product range includes transmissions, steering systems, braking systems, and suspension technologies, all designed with a focus on sustainability and innovation. The company is actively investing in the future of mobility, particularly in areas such as autonomous driving, electric mobility, and connectivity, with a commitment to reducing the environmental impact of transportation. ZF’s engineering expertise and strong research and development efforts have made it a key partner for automakers worldwide, offering solutions that address the growing demand for cleaner, safer, and smarter vehicles. With a global presence, ZF continues to shape the automotive industry’s future, providing cutting-edge technologies that enhance vehicle performance and environmental sustainability.

5. Hyundai Motor Group 

Hyundai Motor Group is a South Korean multinational automotive company, one of the largest and most influential in the global automotive industry. Known for producing a diverse range of vehicles, including sedans, SUVs, and electric cars, Hyundai has become a leader in the transition to sustainable mobility. The company’s commitment to innovation is reflected in its efforts to develop eco-friendly technologies, including hydrogen fuel cell vehicles and electric vehicles (EVs). Hyundai Motor Group has significantly expanded its global reach through strategic partnerships and joint ventures, aiming to make mobility smarter, safer, and more accessible. With a focus on design, quality, and technology, Hyundai continues to lead the way in automotive manufacturing, providing consumers with a variety of high-performance, fuel-efficient, and environmentally friendly vehicles. Through continuous investment in research and development, the company aims to shape the future of mobility and play a significant role in the global transition to sustainable transport.

6. Aisin Corporation

Aisin Corporation is a global automotive parts manufacturer based in Japan, known for producing high-quality components and systems that enhance vehicle performance, safety, and comfort. The company’s product portfolio includes transmissions, brake systems, climate control, and electronic systems, all of which contribute to the advancement of automotive technology. Aisin has a strong commitment to sustainability, with innovations in hybrid and electric vehicle components, as well as efforts to reduce carbon emissions in its manufacturing processes. Aisin is also focused on the development of intelligent vehicle systems, contributing to the growth of autonomous driving technologies. Through its vast global network, the company serves major automakers and suppliers, ensuring that it remains a key player in the automotive industry. Aisin’s dedication to research and development ensures its continuous contribution to the evolution of vehicle technology, making it a trusted name in automotive manufacturing.

7. Magna International Inc 

Magna International Inc. is a global automotive supplier known for its innovative solutions in the design, engineering, and manufacturing of vehicle components and systems. The company produces a broad range of products, including powertrains, lighting, seating, and exterior systems, serving automakers around the world. Magna has established a strong presence in the field of electric and autonomous vehicle technologies, playing a key role in advancing the future of mobility. With a focus on sustainability, Magna is dedicated to developing eco-friendly and energy-efficient products that reduce the environmental impact of transportation. The company’s commitment to innovation is demonstrated through its continuous investment in research and development, enabling it to stay ahead of technological advancements. Through a vast network of manufacturing facilities and partnerships with leading automakers, Magna continues to support the automotive industry by delivering high-quality, innovative solutions that meet the evolving needs of consumers and the industry.

8. Valeo

Valeo is a global automotive supplier and technology company that specialises in providing advanced systems and components for the automotive industry. The company focuses on innovation in the fields of vehicle electrification, driving assistance systems, and thermal management. Valeo’s commitment to reducing the environmental impact of transportation is reflected in its development of eco-friendly technologies, such as energy-efficient lighting systems and electrified powertrains. The company is also at the forefront of the autonomous driving revolution, offering key technologies that enable safer and smarter vehicles. Valeo’s dedication to research and development ensures that it remains a leader in automotive technology, providing solutions that enhance vehicle performance, safety, and sustainability. With a strong global presence, Valeo serves automakers around the world, delivering products that contribute to the evolution of the automotive industry and the future of mobility.

9. Lear Corporation

Lear Corporation is a leading global supplier of automotive seating and electrical systems. The company provides high-quality seating solutions that prioritise comfort, safety, and design, while also developing cutting-edge electrical systems, including interior electronics and connectivity solutions. Lear’s commitment to innovation is evident in its efforts to enhance the driving experience through advanced technologies that improve safety, entertainment, and communication within vehicles. With a strong focus on sustainability, Lear strives to reduce the environmental impact of its products through energy-efficient manufacturing processes and the development of eco-friendly materials. The company’s dedication to quality, customer satisfaction, and technological advancement has positioned it as a trusted partner for automakers around the world. Through its global network of manufacturing facilities and R&D centres, Lear continues to drive innovation and support the automotive industry in creating safer, smarter, and more sustainable vehicles.

10. Yazaki Group

Yazaki Group is a leading global supplier of automotive components, known for its advanced technology and extensive product range. The company specialises in the production of wiring harnesses, connectors, and various electronic systems used in automobiles. These products are vital for ensuring the safe and efficient operation of modern vehicles, especially as they become increasingly reliant on advanced electronics. Yazaki Group is committed to delivering innovative solutions that meet the evolving needs of the automotive industry, including the growing demand for electric vehicles and smart technologies. The company’s commitment to quality is reflected in its robust manufacturing processes and high standards of customer service. With a global presence, Yazaki serves major automotive manufacturers across the world, maintaining strong relationships with customers through continuous collaboration. As the automotive sector moves towards greater electrification and automation, Yazaki remains at the forefront, contributing to the development of environmentally friendly and technologically advanced vehicles.

11. Sumitomo Electric Industries, Ltd.

Sumitomo Electric Industries, Ltd. is a prominent player in the global automotive and electrical industries, providing a wide array of high-quality products. The company’s product portfolio includes automotive components such as wire harnesses, connectors, and sensors, as well as electrical materials used in power generation and transmission systems. Sumitomo Electric is renowned for its commitment to innovation, particularly in the field of automotive technology, where it plays a key role in the development of electric and autonomous vehicles. With a focus on sustainability and eco-friendly solutions, Sumitomo Electric is dedicated to creating products that support a greener future. The company’s dedication to research and development ensures that it remains at the cutting edge of technological advancements, constantly improving the functionality and efficiency of its products. Sumitomo Electric operates on a global scale, with a strong presence in Asia, Europe, and North America. Through its partnerships with leading automotive manufacturers, the company continues to drive progress in the automotive and electrical sectors.

12. Tenneco Inc.

Tenneco Inc. is a leading manufacturer of automotive components, specialising in the design and production of emission control, ride performance, and clean air technologies. The company provides a wide range of products, including exhaust systems, shock absorbers, and suspension components, aimed at improving vehicle performance, safety, and environmental impact. Tenneco’s commitment to innovation and sustainability is evident in its advanced technologies that help reduce harmful emissions and enhance fuel efficiency, making vehicles more environmentally friendly. The company is also focused on the growing market for electric and hybrid vehicles, developing solutions that meet the unique requirements of these new technologies. With a strong presence across North America, Europe, and Asia, Tenneco serves a diverse customer base, including major automotive manufacturers and aftermarket distributors. The company’s dedication to quality, sustainability, and customer satisfaction positions it as a key player in the automotive components industry, supporting the transition towards cleaner, more efficient vehicles.

13. Akebono Brake Industry Co., Ltd.

Akebono Brake Industry Co., Ltd. is a global leader in the development and manufacture of braking systems and components for the automotive industry. The company is renowned for its high-performance brake products, including disc brakes, drum brakes, and various associated components. Akebono’s products are designed to enhance vehicle safety, comfort, and performance, offering innovative solutions that meet the stringent demands of modern automotive technology. As the automotive industry evolves, Akebono continues to lead in the development of next-generation braking systems, including those for electric and hybrid vehicles, where the demand for high-efficiency braking solutions is rapidly growing. With a strong focus on research and development, Akebono’s engineers work tirelessly to improve the durability, reliability, and environmental friendliness of its products. The company operates worldwide, with production facilities and sales offices in key markets across North America, Europe, and Asia. Akebono’s commitment to technological advancement, safety, and sustainability ensures its position as a trusted partner for automakers seeking cutting-edge braking solutions.

14. Panasonic Holdings Corporation

Panasonic Holdings Corporation is a diversified multinational company with a strong presence in various industries, including automotive, electronics, and energy solutions. The company is well-known for its automotive products, such as in-vehicle infotainment systems, batteries for electric vehicles, and advanced driver assistance systems. Panasonic is a leading supplier of lithium-ion batteries, which are crucial for the development and production of electric vehicles. In addition to its automotive business, Panasonic is a key player in the consumer electronics market, producing a wide range of products, including televisions, air conditioners, and home appliances. The company is deeply committed to sustainability, with a strong emphasis on developing eco-friendly technologies that reduce environmental impact. Panasonic’s advanced research and development efforts focus on creating energy-efficient solutions that help address global challenges, such as climate change and resource scarcity. With a broad global presence, Panasonic continues to strengthen its position as an innovator in the automotive and electronics industries, offering solutions that support a connected, sustainable future.

15. Faurecia S.E.

Faurecia S.E. is a global leader in the design and manufacture of automotive technology, specialising in emissions control, interior systems, and clean mobility solutions. The company’s products are designed to improve vehicle safety, comfort, and environmental performance. Faurecia is particularly known for its work in emissions control, offering advanced technologies that help reduce harmful emissions from internal combustion engines, contributing to the development of cleaner and more sustainable vehicles. In addition to emissions control, Faurecia develops innovative solutions for vehicle interiors, such as cockpit modules and acoustic systems, aimed at enhancing the driving experience. As the automotive industry shifts towards electric vehicles, Faurecia is at the forefront of developing new technologies for clean mobility, including hydrogen fuel cells and battery systems. The company’s commitment to innovation, quality, and sustainability ensures it remains a key partner for automakers around the world, driving the transition to more sustainable and technologically advanced transportation solutions.

16. Marelli Holdings Co., Ltd.

Marelli Holdings Co., Ltd. is a prominent global supplier of automotive components, providing advanced technologies in areas such as electrification, lighting, and safety systems. The company’s extensive product portfolio includes powertrain solutions, electronic control units, and advanced lighting systems, all designed to enhance vehicle performance, safety, and efficiency. Marelli’s products play a crucial role in the ongoing transition towards electric and autonomous vehicles, with the company investing heavily in research and development to create cutting-edge solutions for these emerging technologies. Marelli is also known for its expertise in thermal management systems, which are vital for optimising vehicle efficiency and performance, especially in electric vehicles. With a strong presence in Europe, Asia, and North America, Marelli collaborates closely with major automotive manufacturers to deliver high-quality, reliable solutions that meet the ever-changing demands of the automotive industry. Through continuous innovation and a commitment to sustainability, Marelli remains a key player in shaping the future of mobility.