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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Europe Auto Parts Manufacturing Market Outlook

The Europe auto parts manufacturing market size is projected to grow at a CAGR of 2.97% between 2025 and 2034.

Key Takeaways:

  • Eurostat's report states that in 2022, the EU had about 253 million registered passenger cars.
  • In 2022, Italy manufactured 782,629 vehicles, including 486,111 cars, 234,798 light commercial vehicles, and 61,720 trucks/buses.
  • At the start of 2023, Germany had 60.1 million registered road motor vehicles, according to Destatis.

The battery plays a crucial role in driving the Europe auto parts manufacturing market growth, as it is indispensable for initiating the engine and providing power to diverse electrical components within vehicles, encompassing lighting, entertainment systems, sensors, and beyond

The battery gives power to the vehicle, allowing start and stop technology and also supports hybrid and EVs. They boost energy storage capacity, improve operation, meet environmentally friendly standards, and drive innovation. It contributes to fuel efficacy, reduction in emissions and market effectiveness.

In August 2023, Genuine Parts Company disclosed a purchase within its European Automotive sector. Alliance Automotive Group (AAG), its wholly-owned London-based automotive distribution arm, finalized the acquisition of Recambios y Accesorios Gaudí, S.L. (Gaudi) by July 2023.

Cooling systems such as compressors, radiators, pumps and thermostats enhance efficiency and prevent damage to components. It covers component lifespan, support performance and passenger comforts. Innovative cooling solutions which are being manufactured in the market are gaining a competitive edge by offering vehicles with good performance, durability and increased efficiency.

Market Segmentation

Europe Auto Parts Manufacturing Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Component

  • Battery 
  • Cooling System
    • Compressor
    • Radiator
    • Pump
    • Thermostat
  • Underbody Components
    • Brake Components
    • Exhaust Components
  • Engine Components
    • Starter
    • Engine
    • Pump
    • Alternator
  • Automotive Filter
  • Lighting Components
  • Electrical Components
    • Ignition Coil
    • Ignition Switch
    • Spark and Glow Plug
  • Chassis System
  • Transmission and Steering System
  • Others

Market Breakup by Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Market Breakup by Sales Channel

  • OEM
  • Aftermarket

Market Breakup by Region

  • Germany
  • United Kingdom
  • France
  • Italy
  • Others

The Europe auto parts manufacturing market key players are Robert Bosch GmbH, Denso Corp., Continental AG, ZF Friedrichshafen AG, Marelli Holdings Co., Ltd., Panasonic Holdings Corp., Sumitomo Electric Industries, Ltd., Magna International Inc., Valeo S.A. and Aisin Corporation among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Vehicle Type
  • Sales Channel
  • Region
Breakup by Component
  • Battery
  • Cooling System
  • Underbody Components
  • Engine Components
  • Automotive Filter
  • Lighting Components
  • Electrical Components
  • Chassis System
  • Transmission and Steering System
  • Others
Breakup by Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
Breakup by Sales Channel
  • OEM
  • Aftermarket
Breakup by Region
  • Germany
  • United Kingdom
  • France
  • Italy
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Robert Bosch GmbH
  • Denso Corp.   
  • Continental AG
  • ZF Friedrichshafen AG
  • Marelli Holdings Co., Ltd.  
  • Panasonic Holdings Corp.  
  • Sumitomo Electric Industries, Ltd.  
  • Magna International Inc.
  • Valeo S.A.   
  • Aisin Corporation
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 2.97% between 2025 and 2034.

The auto parts manufacturing market is categorised according to the vehicle type, which includes passenger cars, light commercial vehicles, and heavy commercial vehicles.

The auto parts manufacturing market key players are Robert Bosch GmbH, Denso Corp., Continental AG, ZF Friedrichshafen AG, Marelli Holdings Co., Ltd., Panasonic Holdings Corp., Sumitomo Electric Industries, Ltd., Magna International Inc., Valeo S.A. and Aisin Corporation among others.

Based on the sales channel, the market is divided into OEM and aftermarket.

The market is broken down into Germany, the United Kingdom, France, Italy, and others.

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