Top 9 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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Top 9 Auto Parts Manufacturing Companies Worldwide:

1. Robert Bosch GmbH

Robert Bosch GmbH is a leading engineering company which supplies high-end technology and services. The company innovates smart homes, Industry 4.0, and connected mobility. The product portfolio of the company includes home appliances, power tools, garden tools, HVAC, measuring tools, and auto parts chain, among others. It also offers a wide range of automotive parts and automotive components which find application in 2 and 3-wheelers, passenger cars, and commercial vehicles, among others.

2. DENSO CORPORATION

DENSO CORPORATION is an automotive parts manufacturing company which has a global network covering regions such as the Asia Pacific, Europe, and North America, among others. Its auto parts brands portfolio includes thermal management and air conditioning systems, power train systems, safety and cockpit systems, and automotive service parts and accessories, among others. This company aims at protecting the environment by reducing accidents and advancing technology management.

3. Continental AG 

Continental AG is a company which develops pioneering technologies for sustainable and connected mobility of people and their belongings. This company focuses on automotive parts brands which offers services and solutions related to electric mobility, car infotainment, and safety technology, among others. It also specialises in tyres, brake systems, and several automotive parts of the interior and exterior vehicle systems.

4. ZF Friedrichshafen AG

ZF Friedrichshafen AG is a global technology company which manufactures and supplies components for passenger cars, commercial automobiles, and several other mobility solutions in the industrial sector. ZF Friedrichshafen AG also develops drivelines, chassis, and safety systems for trucks, buses, and fleets, among other types of vehicles. ZF Friedrichshafen AG also offers transportation and mobility solutions for various start-ups.

5. Hyundai Motor Group 

Hyundai Motor Group is a global corporation which has developed an impressive value chain in different fields such as auto part manufacturing, construction, and BFSI, among others. This company has been shaping the mobility sector by innovating in the automotive field. The product portfolio of Hyundai Motor Group is vast, which includes fuel cell electric powertrains, battery electric powertrains, plug-in hybrids, hybrid powertrains, and petrol/diesel engines, among others. It is one of the leading car parts manufacturers and auto part suppliers across emerging economies.

6. Aisin Corporation

Aisin Corporation is an automotive manufacturing company which aims to provide safety, comfort, and convenience in the automotive sector by developing top-notch automotive part manufacturing and life and energy-related products. The company is facilitating various technological advancements to bring carbon neutrality, digitalise the automotive sector, and enhance production engineering. Aisin Corporation produces and supplies mobility solutions including eAxle, hybrid transmission, automated parking systems, cooperative regenerative brake systems, power sliding door systems, and sunroofs, among others.

7. Magna International Inc 

Magna International Inc is one of the leading automotive components manufacturers which also develops technologies, systems, and solutions to bolster the safety of an automobile. The company offers a wide range of automotive components, along with engineered automobile solutions. The product portfolio of this company includes body exterior and structures, high voltage electrified products, hybrid powertrain technologies, control modules, mechatronics, and automated driving systems, among others.

8. Valeo

Valeo is a global automotive supplier which provides different components to autoparts brands and aftermarket players. The company is revolutionising the automotive sector by working on four domains, i.e, electrification, assistance systems, life-on-board, and lighting. The vast product portfolio of the company includes exhaust gas sensor, electric starter and restarter, telematics unit for mainstream applications, and vehicle control unit (VCU), among others.

9. Lear Corporation

Lear Corporation is a leading automotive technology developing company which specialises in seating and E-systems. This company provides its end-users with full electrical distribution systems, connection systems, electronics, and connectivity modules, among others. Through its automotive solutions, Lear Corporation is among the largest auto parts manufacturers who offers electrification, connectivity, and software technology to the cars in order to bolster the comfort and safety of the passengers.