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Motor Vehicle Parts Global Market Report 2025
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A motor vehicle part is any component or accessory essential for the operation or enhancement of a vehicle. This includes items such as engines, brakes, transmissions, and various mechanical or electrical elements, all designed to ensure that a vehicle operates effectively and safely.

The main types of motor vehicle parts include motor vehicle bodies, stamped metal & other parts, motor vehicle engines, powertrain and parts, motor vehicle electrical and electronic equipment, steering suspension, and interiors. The motor vehicle body refers to the parts of the motor vehicle that contribute to the specific functions they perform. Various applications include passenger vehicles and commercial vehicles, and these parts are used in both the original equipment manufacturer (OEM) and aftermarket sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and ensuing trade tensions in spring 2025 are placing significant strain on the transport sector, especially in areas such as fleet maintenance and logistics. Increased duties on imported commercial vehicles, tires, and engine parts have driven up operating costs for trucking and freight firms, forcing them to either raise shipping rates or accept lower profit margins. Airlines and maritime operators are also under pressure, as tariffs on aircraft components and shipbuilding materials have pushed capital expenditures higher. Meanwhile, retaliatory tariffs in key export markets have weakened demand for U.S.-manufactured transportation equipment, further squeezing revenues. To cope, the industry is turning to fuel efficiency measures, alternative supply sources, and greater automation to manage rising costs while maintaining dependable service.

The motor vehicle parts market research report is one of a series of new reports from The Business Research Company that provides motor vehicle parts market statistics, including motor vehicle parts industry global market size, regional shares, competitors with a motor vehicle parts market share, detailed motor vehicle parts market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle parts industry. This motor vehicle parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The motor vehicle parts market size has grown strongly in recent years. It will grow from $2713.65 billion in 2024 to $2871.86 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to rising demand for motor vehicles and rapid urbanization.

The motor vehicle parts market size is expected to see strong growth in the next few years. It will grow to $3703.06 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the rapid technological advancements, favorable government initiatives, focus on car accessories and focus on electric vehicles (EVs) will drive the growth. Major trends in the forecast period include adopting artificial intelligence in products for versatility and wide array of features, adopt 3D printing to manufacture light, customizable and inexpensive components, focus on strategic alliances for the expansion of distribution and adopt recent technological advancements in the sector.

The forecast of 6.6% growth over the next five years reflects a modest reduction of 0.3% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through tariffs on a wide array of imported components such as brake systems, sensors, and HVAC units, sourced from global supply hubs like China, Mexico, and Germany, leading to increased costs across OEM, aftermarket, and repair segments.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

Major companies in the motor vehicle parts manufacturing market are focusing on technological advancements, such as robotic welding machines, to improve efficiency and product quality. They are also emphasizing sustainable practices and collaborations to foster innovation. A robotic welding machine is an automated system that employs robotic arms to perform welding tasks with precision and efficiency, enhancing production rates and consistency in manufacturing processes. For example, in April 2023, Kemppi, a Finland-based manufacturing company, launched the AX MIG Welder, which offers high-performance, automated welding with advanced arc technology for superior quality and efficiency. Its user-friendly design and modular flexibility make it well-suited for continuous operation in demanding manufacturing environments.

The flourishing sales of automobiles are poised to drive the growth of the motor vehicle parts market in the coming years. Automobile sales encompass both new and secondhand vehicles retailed through authorized dealer contracts with automakers or their sales divisions. The demand for motor vehicle parts correlates with the increased production and sale of vehicles. For example, in April 2023, the Federal Chamber of Automotive Industries in Australia reported the sale of 82,137 automobiles, representing a 1.3% increase over the same period in 2022. This underscores the pivotal role of booming automobile sales in propelling the motor vehicle parts market.

The COVID-19 pandemic acted as a substantial restraint on the motor vehicle parts manufacturing market in 2020. Disruptions in supply chains due to trade restrictions and decreased consumption during global lockdowns posed challenges for manufacturers. The pandemic significantly impacted transportation manufacturers that heavily rely on the global supply of parts and components. Governments' restrictions on the movement of goods resulted in production halts due to part shortages, and reduced consumer demand led to a decline in new automobile sales. While the recovery is expected, the pandemic-induced shock is considered a 'black swan' event, not indicative of ongoing or fundamental weaknesses in the market.

Major companies in the motor vehicle parts market are prioritizing collaborations and partnerships to enhance their capabilities, as exemplified by ABB Ltd.'s partnership with HASCO Group. This collaboration signifies a significant step forward for China's smart manufacturing industry, accelerating the adoption of modern manufacturing technology in the automotive sector and beyond. ABB Ltd., a Switzerland-based company specializing in automation and electrification solutions, initiated a joint venture with HASCO Group in April 2022 to advance intelligent manufacturing within the Chinese automotive sector. HASCO Group, based in China, is a manufacturer of automotive components.

Major companies operating in the motor vehicle parts market include Robert Bosch GmbH, Denso Corp, General Motors Co., Aisin Seiki Co ltd, Hyundai Mobis, Shanghai Automotive Industry Corporation (SAIC), Jini Auto Spare Parts Company LLC, MRF, Tenneco, MAHLE GmbH, Ford Motor Company, TVS, Benteler South Africa, Mercedes-Benz Manufacturing Hungary, GM, Dongfeng Motor Co. Ltd, Tianjin Automotive Industry Corporation (TAIC), Alliance Automotive Group (AAG), Guangzhou Automotive Industry Corporation (GAIC), Volkswagen, Martinrea International Inc., Continental AG, GEDIA Michigan, Magna International Inc, Navik Co., Ltd., Nissan, Marelli Automotive Systems UK, China FAW Group Corporation, Solaris Bus Coach, Fiat Automoveis, Lear Corporation, Tata Motors Limited (India), Mahindra and Mahindra Ltd. (India), Valeo SA, Borg Automotive, Bharat Forge, Mitsubishi Motor Corporation, Goodway Plastic Products, Effa Brazil, Toyota Motor Corp, American Axle and Manufacturing Holdings, Honda Motor Co., Ltd., Weichai Holding Group Co. Ltd, Mazda, Csepel Holding, Geely Automobile Holdings Limited, Magyar Suzuki, NIO Inc., NTN Corp., Marelli Holdings Co., Ltd., Comil, Auto Mark, Fiat Chrysler Automobiles NV, Sumitomo, Mando, Carformer Ltd., Linamar Corporation, XPeng Inc., Audi Hungaria Zrt, Renault, Xincheng Vehicle Parts Manufacturing Factor, Jaguar Land Rover, Grunwald LLC, Euro Car Parts, Dimako Ltd, Brenderup Group, Agrale, Inter Cars, Raval, Babatin Auto Parts CO., Al-Hammadi Spare and Parts Company, Beijing Automotive Industry Company (BAIC), BMW Brazil, Inter Groclin Auto, PartsPoint Group

Asia-Pacific was the largest region in the motor vehicle parts market in 2024. Western Europe was the second largest market in motor vehicle parts market. The regions covered in the motor vehicle parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the motor vehicle parts market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

The motor vehicle part market consists of sales of motor vehicle seating, motor vehicle metal stampings, motor vehicle gasoline engines and engine parts, and interior trim. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Motor Vehicle Parts Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on motor vehicle parts market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Where is the largest and fastest growing market for motor vehicle parts ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The motor vehicle parts market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

Scope

Table of Contents

1. Executive Summary

2. Motor Vehicle Parts Market Characteristics

3. Motor Vehicle Parts Market Trends And Strategies

4. Motor Vehicle Parts Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

5. Global Motor Vehicle Parts Growth Analysis And Strategic Analysis Framework

6. Motor Vehicle Parts Market Segmentation

7. Motor Vehicle Parts Market Regional And Country Analysis

8. Asia-Pacific Motor Vehicle Parts Market

9. China Motor Vehicle Parts Market

10. India Motor Vehicle Parts Market

11. Japan Motor Vehicle Parts Market

12. Australia Motor Vehicle Parts Market

13. Indonesia Motor Vehicle Parts Market

14. South Korea Motor Vehicle Parts Market

15. Bangladesh Motor Vehicle Parts Market

16. Thailand Motor Vehicle Parts Market

17. Vietnam Motor Vehicle Parts Market

18. Malaysia Motor Vehicle Parts Market

19. Singapore Motor Vehicle Parts Market

20. Philippines Motor Vehicle Parts Market

21. Hong Kong Motor Vehicle Parts Market

22. New Zealand Motor Vehicle Parts Market

23. Western Europe Motor Vehicle Parts Market

24. UK Motor Vehicle Parts Market

25. Germany Motor Vehicle Parts Market

26. France Motor Vehicle Parts Market

27. Italy Motor Vehicle Parts Market

28. Spain Motor Vehicle Parts Market

29. Spain Motor Vehicle Parts Market

30. Austria Motor Vehicle Parts Market

31. Belgium Motor Vehicle Parts Market

32. Denmark Motor Vehicle Parts Market

33. Finland Motor Vehicle Parts Market

34. Ireland Motor Vehicle Parts Market

35. Netherlands Motor Vehicle Parts Market

36. Norway Motor Vehicle Parts Market

37. Portugal Motor Vehicle Parts Market

38. Sweden Motor Vehicle Parts Market

39. Switzerland Motor Vehicle Parts Market

40. Eastern Europe Motor Vehicle Parts Market

41. Russia Motor Vehicle Parts Market

42. Czech Republic Motor Vehicle Parts Market

43. Poland Motor Vehicle Parts Market

44. Romania Motor Vehicle Parts Market

45. Ukraine Motor Vehicle Parts Market

46. North America Motor Vehicle Parts Market

47. USA Motor Vehicle Parts Market

48. Canada Motor Vehicle Parts Market

50. South America Motor Vehicle Parts Market

51. Brazil Motor Vehicle Parts Market

52. Chile Motor Vehicle Parts Market

53. Argentina Motor Vehicle Parts Market

54. Colombia Motor Vehicle Parts Market

55. Peru Motor Vehicle Parts Market

56. Middle East Motor Vehicle Parts Market

57. Saudi Arabia Motor Vehicle Parts Market

58. Israel Motor Vehicle Parts Market

59. Iran Motor Vehicle Parts Market

60. Turkey Motor Vehicle Parts Market

61. United Arab Emirates Motor Vehicle Parts Market

62. Africa Motor Vehicle Parts Market

63. Egypt Motor Vehicle Parts Market

64. Nigeria Motor Vehicle Parts Market

65. South Africa Motor Vehicle Parts Market

66. Motor Vehicle Parts Market Competitive Landscape And Company Profiles

67. Motor Vehicle Parts Market Other Major And Innovative Companies

68. Global Motor Vehicle Parts Market Competitive Benchmarking And Dashboard

69. Key Mergers And Acquisitions In The Motor Vehicle Parts Market

70. Recent Developments In The Motor Vehicle Parts Market

71. Motor Vehicle Parts Market High Potential Countries, Segments and Strategies

72. Appendix

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