Auto Parts and Accessories Market
Auto Parts and Accessories Market Size, Share & Trends Analysis Report by Product (Engine Parts, Electrical Parts, Drive and Transmission Steering Parts, Suspension and Braking Parts Equipment, and Others), by Vehicle Type (Passenger Vehicles, Commercial Vehicles, Light Commercial Vehicles, Sports Vehicles, and Others), by Type (Driveline and Powertrain, Interiors and Exteriors, Electronics, Seating, Lighting, and Others), and by Application (Original Equipment Manufacturer (OEM) and Aftermarket), Forecast Period (2025-2035)
Auto parts and accessories market is projected to grow at a CAGR of 3.5% during the forecast period (2025-2035). The expansion of the market is mainly driven by vehicle production, technological progress, and increasing demand for vehicle maintenance and adaptation of new technologies. Market demand for advanced automotive components, including electronic systems, drivelines, powertrain parts, and internal and external accessories, as manufacturers focus on vehicle performance, security, and improvement in rest. Certainly, the integration of smart vehicle technologies, AI-operated diagnosis, and sensor-based monitoring systems is changing the industry. These innovations help resolve key challenges, including strict emission rules and regulations, raw material cost fluctuations, and an increase in consumer demand for energy-efficient and connected vehicles.
Segmental Outlook
The global auto parts and accessories market is segmented by product, vehicle type, type, and application. Based on the product, the market is sub-segmented into engine parts, electrical parts, drive and transmission steering parts, suspension and braking parts, equipment, and others. Based on the vehicle type, the market is sub-segmented into passenger vehicles, commercial vehicles, light commercial vehicles, sports vehicles, and others. Among the products, the engine parts sub-segment is estimated to have a significant market share owing to strict regulatory standards for the efficiency of fuel, as well as rising demand for newly developed powered engines to improve vehicle performance, which are driving market growth.
The Passenger Vehicles Sub-Segment is Anticipated to Hold a Considerable Share of the Global Auto Parts and Accessories Market
The passenger vehicles sub-segment is anticipated to hold a considerable share of the global auto parts and accessories market in the forecast period. The increasing demand for passenger vehicles, in collaboration with technological progress in vehicle components, plays an important role in the growth of the market. An increase in vehicle electrification, integration of smart automotive solutions, and increasing safety and consumer preferences for comfort facilities are the major factors contributing to this expansion. The demand for advanced auto parts has been further enhanced by increasing automation and IoT-based vehicle monitoring systems in the automotive sector. For instance, in February 2025, Stellantis announced plans to manufacture dual-clutch transmissions for hybrid vehicles at its Termoli plant in Southern Italy. This initiative aims to produce approximately 300,000 units annually, supporting the transition towards electrified vehicle components.
Global Auto Parts And Accessories Market Share By Product, 2024 (%)
Regional Outlook
The global auto parts and accessories market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, ASEAN countries, Australia & New Zealand and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Europe is going to dominate the Global Auto Parts and Accessories Market due to its strong presence of leading automotive manufacturers and suppliers. Countries like Germany, France, and Italy are major hubs for innovation, producing high-quality components and advanced vehicle technologies.
The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global Auto Parts and Accessories Market
The Asia-Pacific region is expected to see sufficient growth with the highest CAGR among other regional segments for the forecast period. The regional expansion is driven by the rapid development of the automobile industry, an increase in vehicle production, and increasing demand for aftermarket parts. Emerging economies like China, India, and Japan are investing hugely in advanced manufacturing, electric vehicles (EV) components, and smart mobility solutions. Certainly, supportive government policies, expanding industrialization, and increasing consumer demand for high-performance and customized vehicle goods are accelerating market development.
Market Players Outlook
The major companies serving the auto parts and accessories market include Bosch GmbH, DENSO Corp., Continental AG, Aisin Corp., Magna International Inc., and others. These market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2024, Aisin Corporation announced advancements in electric drive technologies, focusing on enhancing efficiency and performance in electric vehicles, aiming to strengthen its position in the growing EV market for auto parts and components.
Recent Development
- In March 2023, Toyoda Gosei expanded its product lineup to include advanced airbag systems for enhanced vehicle safety. These innovations are designed to improve passenger protection and reduce collision impact. Toyoda Gosei aims to integrate these new safety solutions into upcoming vehicle models globally.
The Report Covers
- Market value data analysis of 2025 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global auto parts and accessories market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1 Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Global Auto Parts and Accessories Market Sales Analysis – Product | Vehicle Type | Type | Application| ($ Million)
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Bosch GmbH
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Continental AG
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. DENSO Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Auto Parts and Accessories Market by Product ($ Million)
4.1.1. Engine Parts
4.1.2. Electrical Parts
4.1.3. Drive and Transmission Steering Parts
4.1.4. Suspension and Braking Parts Equipment
4.2. Global Auto Parts and Accessories Market by Vehicle Type ($ Million)
4.2.1. Passenger Vehicles
4.2.2. Commercial Vehicles
4.2.3. Light Commercial Vehicles
4.2.4. Sports Vehicles
4.2.5. Others (Cargo Cars)
4.3. Global Auto Parts and Accessories Market by Type ($ Million)
4.3.1. Driveline and Powertrain
4.3.2. Interiors and Exteriors
4.3.3. Electronics
4.3.4. Seating
4.3.5. Lighting
4.3.6. Other (Chassis)
4.4. Global Auto Parts and Accessories Market by Application ($ Million)
4.4.1. Original Equipment Manufacturer (OEM)
4.4.2. Aftermarket
5. Regional Analysis
5.1. North America Auto Parts and Accessories Market Sales Analysis – Product | Vehicle Type | Type | Application |Country ($ Million)
5.1.1. United States
5.1.2. Canada
5.2. Europe Auto Parts and Accessories Market Sales Analysis – Product | Vehicle Type | Type | Application |Country ($ Million)
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific Auto Parts and Accessories Market Sales Analysis – Product | Vehicle Type | Type | Application |Country ($ Million)
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Australia & New Zealand
5.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
5.3.7. Rest of Asia-Pacific
5.4. Rest of the World Auto Parts and Accessories Market Sales Analysis – Product | Vehicle Type | Type | Application |Country ($ Million)
5.4.1. Latin America
5.4.2. Middle East and Africa
6 Company Profiles
6.1 Aisin Corp.
6.2 Autoliv Inc.
6.3 BASF SE
6.4 BorgWarner, Inc.
6.5 Dana Holding Corp.
6.6 Delphi Automotive PLC (Aptiv PLC)
6.7 FORVIA SE
6.8 Hitachi, Ltd (Hitachi Astemo, Ltd.)
6.9 Hyundai Motor Co.
6.10 Johnson Controls, Inc.
6.11 Lear Corp.
6.12 Magna International Inc.
6.13 Mahle GmbH
6.14 Marelli Holdings Co., Ltd.
6.15 Meritor, Inc.
6.16 Panasonic Automotive Systems Europe GmbH
6.17 ThyssenKrupp AG
6.18 Toyoda Gosei Co. Ltd.
6.19 TRW Automotive Holdings Corp.
6.20 Valeo SA
1. Global Auto Parts And Accessories Market Research And Analysis By Product, 2024-2035 ($ Million)
2. Global Auto Engine Parts Market Research And Analysis By Region, 2024-2035 ($ Million)
3. Global Auto Electrical Parts Market Research And Analysis By Region, 2024-2035 ($ Million)
4. Global Auto Drive And Transmission Steering Parts Market Research And Analysis By Region, 2024-2035 ($ Million)
5. Global Auto Suspension And Braking Parts Equipment Market Research And Analysis By Region, 2024-2035 ($ Million)
6. Global Other Auto Parts And Accessories Market Research And Analysis By Region, 2024-2035 ($ Million)
7. Global Auto Parts And Accessories Market Research And Analysis By Vehicle Type, 2024-2035 ($ Million)
8. Global Auto Parts And Accessories In Passenger Vehicles Market Research And Analysis By Region, 2024-2035 ($ Million)
9. Global Auto Parts And Accessories In Commercial Vehicles Market Research And Analysis By Region, 2024-2035 ($ Million)
10. Global Auto Parts And Accessories In Light Commercial Vehicles Market Research And Analysis By Region, 2024-2035 ($ Million)
11. Global Auto Parts And Accessories In Sports Vehicles Market Research And Analysis By Region, 2024-2035 ($ Million)
12. Global Auto Parts And Accessories In Other Vehicles Market Research And Analysis By Region, 2024-2035 ($ Million)
13. Global Auto Parts And Accessories Market Research And Analysis By Type, 2024-2035 ($ Million)
14. Global Driveline And Powertrain In Auto Parts And Accessories Market Research And Analysis By Region, 2024-2035 ($ Million)
15. Global Interiors And Exteriors In Auto Parts And Accessories Market Research And Analysis By Region, 2024-2035 ($ Million)
16. Global Electronics In Auto Parts And Accessories Market Research And Analysis By Region, 2024-2035 ($ Million)
17. Global Seating In Auto Parts And Accessories Market Research And Analysis By Region, 2024-2035 ($ Million)
18. Global Lighting In Auto Parts And Accessories Market Research And Analysis By Region, 2024-2035 ($ Million)
19. Global Others In Auto Parts And Accessories Market Research And Analysis By Region, 2024-2035 ($ Million)
20. Global Auto Parts And Accessories Market Research And Analysis By Application, 2024-2035 ($ Million)
21. Global OEM Auto Parts And Accessories Market Research And Analysis By Region, 2024-2035 ($ Million)
22. Global Aftermarket Auto Parts And Accessories Market Research And Analysis By Region, 2024-2035 ($ Million)
23. Global Auto Parts And Accessories Market Research And Analysis By Region, 2024-2035 ($ Million)
24. North American Auto Parts And Accessories Market Research And Analysis By Country, 2024-2035 ($ Million)
25. North American Auto Parts And Accessories Market Research And Analysis By Product, 2024-2035 ($ Million)
26. North American Auto Parts And Accessories Market Research And Analysis By Vehicle Type, 2024-2035 ($ Million)
27. North American Auto Parts And Accessories Market Research And Analysis By Type, 2024-2035 ($ Million)
28. North American Auto Parts And Accessories Market Research And Analysis By Application, 2024-2035 ($ Million)
29. European Auto Parts And Accessories Market Research And Analysis By Country, 2024-2035 ($ Million)
30. European Auto Parts And Accessories Market Research And Analysis By Product, 2024-2035 ($ Million)
31. European Auto Parts And Accessories Market Research And Analysis By Vehicle Type, 2024-2035 ($ Million)
32. European Auto Parts And Accessories Market Research And Analysis By Type, 2024-2035 ($ Million)
33. European Auto Parts And Accessories Market Research And Analysis By Application, 2024-2035 ($ Million)
34. Asia-Pacific Auto Parts And Accessories Market Research And Analysis By Country, 2024-2035 ($ Million)
35. Asia-Pacific Auto Parts And Accessories Market Research And Analysis By Product, 2024-2035 ($ Million)
36. Asia-Pacific Auto Parts And Accessories Market Research And Analysis By Vehicle Type, 2024-2035 ($ Million)
37. Asia-Pacific Auto Parts And Accessories Market Research And Analysis By Type, 2024-2035 ($ Million)
38. Asia-Pacific Auto Parts And Accessories Market Research And Analysis By Application, 2024-2035 ($ Million)
39. Rest Of The World Auto Parts And Accessories Market Research And Analysis By Country, 2024-2035 ($ Million)
40. Rest Of The World Auto Parts And Accessories Market Research And Analysis By Product, 2024-2035 ($ Million)
41. Rest Of The World Auto Parts And Accessories Market Research And Analysis By Vehicle Type, 2024-2035 ($ Million)
42. Rest Of The World Auto Parts And Accessories Market Research And Analysis By Type, 2024-2035 ($ Million)
43. Rest Of The World Auto Parts And Accessories Market Research And Analysis By Application, 2024-2035 ($ Million)
1. Global Auto Parts And Accessories Market Research And Analysis By Product, 2024 Vs 2035 (%)
2. Global Auto Engine Parts Market Research And Analysis By Region, 2024 Vs 2035 (%)
3. Global Auto Electrical Parts Market Research And Analysis By Region, 2024 Vs 2035 (%)
4. Global Auto Drive And Transmission Steering Parts Market Research And Analysis By Region, 2024 Vs 2035 (%)
5. Global Auto Suspension And Braking Parts Equipment Market Research And Analysis By Region, 2024 Vs 2035 (%)
6. Global Other Auto Parts And Accessories Market Research And Analysis By Region, 2024 Vs 2035 (%)
7. Global Auto Parts And Accessories Market Research And Analysis By Vehicle Type, 2024 Vs 2035 (%)
8. Global Auto Parts And Accessories In Passenger Vehicles Market Research And Analysis By Region, 2024 Vs 2035 (%)
9. Global Auto Parts And Accessories In Commercial Vehicles Market Research And Analysis By Region, 2024 Vs 2035 (%)
10. Global Auto Parts And Accessories In Light Commercial Vehicles Market Research And Analysis By Region, 2024 Vs 2035 (%)
11. Global Auto Parts And Accessories In Sports Vehicles Market Research And Analysis By Region, 2024 Vs 2035 (%)
12. Global Auto Parts And Accessories In Other Vehicles Market Research And Analysis By Region, 2024 Vs 2035 (%)
13. Global Auto Parts And Accessories Market Research And Analysis By Type, 2024 Vs 2035 (%)
14. Global Driveline And Powertrain In Auto Parts And Accessories Market Research And Analysis By Region, 2024 Vs 2035 (%)
15. Global Interiors And Exteriors In Auto Parts And Accessories Market Research And Analysis By Region, 2024 Vs 2035 (%)
16. Global Electronics In Auto Parts And Accessories Market Research And Analysis By Region, 2024 Vs 2035 (%)
17. Global Seating In Auto Parts And Accessories Market Research And Analysis By Region, 2024 Vs 2035 (%)
18. Global Lighting In Auto Parts And Accessories Market Research And Analysis By Region, 2024 Vs 2035 (%)
19. Global Others In Auto Parts And Accessories Market Research And Analysis By Region, 2024 Vs 2035 (%)
20. Global Auto Parts And Accessories Market Research And Analysis By Application, 2024 Vs 2035 (%)
21. Global OEM Auto Parts And Accessories Market Research And Analysis By Region, 2024 Vs 2035 (%)
22. Global Aftermarket Auto Parts And Accessories Market Research And Analysis By Region, 2024 Vs 2035 (%)
23. Global Auto Parts And Accessories Market Research And Analysis By Region, 2024 Vs 2035 (%)
24. US Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
25. Canada Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
26. UK Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
27. France Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
28. Germany Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
29. Italy Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
30. Spain Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
31. Russia Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
32. Rest Of Europe Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
33. India Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
34. Australia & New Zealand Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
35. ASEAN Countries Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
36. China Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
37. Japan Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
38. South Korea Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
39. Rest Of Asia-Pacific Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
40. Rest Of The World Auto Parts And Accessories Market Size, 2024-2035 ($ Million)
FAQS
The size of the Auto Parts and Accessories market in 2024 is estimated to be around USD 697.8 billion.
Asia-Pacific holds the largest share in the Auto Parts and Accessories market.
Leading players in the Auto Parts and Accessories market include Bosch GmbH, DENSO Corp., Continental AG, Aisin Corp., Magna International Inc., and others.
Auto Parts and Accessories market is expected to grow at a CAGR of 3.5% from 2025 to 2035.
Growing vehicle ownership, aging fleets, and rising demand for customization and EV components drive the Auto Parts and Accessories Market growth.