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Asia-Pacific Automotive Parts and Components Market Research Report: Forecast (2024-2030)

Asia-Pacific Automotive Parts and Components Market- By Components (Driveline & Powertrain, Engine Parts [Pistons, Gaskets, Belts, Timing Chains], Electronics , Bodies & Chassis, Braking System, Ti... ... , Braking System, Tires, Lighting Systems, Batteries, Others [Seating, Transmission Components, etc.]), By Propulsion (Diesel, Petrol, Electric, CNG, PNG & Biofuels), By Material (Aluminum, Steel, Plastic & Polymers, Composites, Others), By Sales Channel (Original Equipment Manufacturers, Aftermarket), By Vehicle Type (Two-wheelers, Three-wheelers, Off-the-Road, Passenger Cars, Commercial Vehicles [Light Commercial Vehicles, Medium & Heavy Commercial Vehicles]) and others Read more

Automotive
Jan 2024
Pages 154
Report Format: PDF, Excel, PPT

Market Definition

Automotive parts and components refer to the individual elements or units constituting a vehicle, providing its structure, functionality, and performance. These parts are essential for the assembly, operation, and maintenance of automobiles.

Market Insights & Analysis: Asia-Pacific Automotive Parts and Components Market (2024-30)

The Asia-Pacific Automotive Parts and Components Market size is valued at around USD 61.89 Billion in 2024 and is estimated to grow at a CAGR of around 6.05% during the forecast period, i.e., 2024-30. The market is experiencing robust growth, driven by various factors such as the surge in vehicle production, technological advancements, and a rising consumer preference for safer & sustainable vehicles. Notably, the International Organization of Motor Vehicle Manufacturers reported a substantial increase in total motor vehicle production, reaching 46,768,800 in 2022 and 50,020,793 in 2023. The escalating production of vehicles directly correlates with a heightened demand for automotive parts & components.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	6.05%
Countries Covered	China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific,
Key Companies Profiled	Denso Corporation, Robert Bosch GmbH, HELLA GmbH & Co. KgaA, ZF Friedrichshafen AG, Nidec Corporation, Aisin Corporation, Marelli Holdings Co., Ltd, Continental AG, Mitsubishi Electric Corporation, Magna International Inc., Others
Market Value (2024)	USD 61.89 Billion

Also, there is a notable uptick in the market revenue due to a strong demand for automotive components and accessories for repair & maintenance purposes. Further, the growing prevalence of e-commerce has prompted many manufacturers in the industry to invest in online platforms, leveraging platforms like Amazon and eBay to tap into the expanding online consumer market. Additionally, the shifting consumer preferences, particularly the increasing interest in electric & hybrid vehicles, are influencing specific component demands. This includes a heightened need for batteries, electric motors, and associated electronics. The globalization of the automotive industry has further facilitated increased cross-border trade of automotive parts and components.

As the automotive landscape evolves, the aging vehicle fleet is contributing to a surge in demand for automotive parts and components, particularly for the replacement of worn-out components. This trend is a significant driver of growth in the Asia-Pacific Automotive Parts and Components Market.

Asia-Pacific Automotive Parts and Components Market Driver:

Increasing Automobile Production Contributing to Sustained Demand for Automotive Parts & Components – Automobile production in the APAC region is increasing due to government support for the automotive industry. The regional countries, including China, India, and Japan, have the highest production rate of automobiles as the country has improved its industrial capabilities by absorbing advanced foreign technologies & management practices. In addition, international automobile manufacturers are entering the Chinese market due to lower labor costs & government support.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Asia-Pacific Automotive Parts and Components Import & Export
Asia-Pacific Automotive Parts and Components Market Trends & Developments
Asia-Pacific Automotive Parts and Components Market Supply Chain Analysis
Asia-Pacific Automotive Parts and Components Market Dynamics
1. Growth Drivers
2. Challenges
Asia-Pacific Automotive Parts and Components Market Regulations & Policies
Asia-Pacific Automotive Parts and Components Market Hotspot & Opportunities
Asia-Pacific Automotive Parts and Components Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Components
    1. Driveline & Powertrain- Market Size & Forecast 2020-2030, USD Million
    2. Engine Parts (Pistons, Gaskets, Belts, Timing Chains)- Market Size & Forecast 2020-2030, USD Million
    3. Electronics- Market Size & Forecast 2020-2030, USD Million
    4. Bodies & Chassis- Market Size & Forecast 2020-2030, USD Million
    5. Braking System- Market Size & Forecast 2020-2030, USD Million
    6. Tires – Market Size & Forecast USD Million & Million Units
    7. Lighting Systems - Market Size & Forecast 2020-2030, USD Million
    8. Batteries - Market Size & Forecast 2020-2030, USD Million
    9. Others (Seating, Transmission Components, etc.) - Market Size & Forecast 2020-2030, USD Million
  2. By Propulsion
    1. Diesel - Market Size & Forecast 2020-2030, USD Million
    2. Petrol - Market Size & Forecast 2020-2030, USD Million
    3. Electric - Market Size & Forecast 2020-2030, USD Million
    4. CNG, PNG & Biofuels - Market Size & Forecast 2020-2030, USD Million
  3. By Material
    1. Aluminum - Market Size & Forecast 2020-2030, USD Million
    2. Steel - Market Size & Forecast 2020-2030, USD Million
    3. Plastic & Polymers - Market Size & Forecast 2020-2030, USD Million
    4. Composites - Market Size & Forecast 2020-2030, USD Million
    5. Others - Market Size & Forecast 2020-2030, USD Million
  4. By Sales Channel
    1. Original Equipment Manufacturers (OEMs)- Market Size & Forecast 2020-2030, USD Million
    2. Aftermarket- Market Size & Forecast 2020-2030, USD Million
  5. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
    1. Two-wheelers- Market Size & Forecast 2020-2030, USD Million
      1. Original Equipment Manufacturers (OEMs)- Market Size & Forecast 2020-2030, USD Million
      2. Aftermarket- Market Size & Forecast 2020-2030, USD Million
    2. Three-wheelers- Market Size & Forecast 2020-2030, USD Million
      1. Original Equipment Manufacturers (OEMs)- Market Size & Forecast 2020-2030, USD Million
      2. Aftermarket- Market Size & Forecast 2020-2030, USD Million
    3. Off-the-Road- Market Size & Forecast 2020-2030, USD Million
      1. Original Equipment Manufacturers (OEMs)- Market Size & Forecast 2020-2030, USD Million
      2. Aftermarket- Market Size & Forecast 2020-2030, USD Million
    4. Passenger Cars- Market Size & Forecast 2020-2030, USD Million
      1. Original Equipment Manufacturers (OEMs)- Market Size & Forecast 2020-2030, USD Million
      2. Aftermarket- Market Size & Forecast 2020-2030, USD Million
    5. Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million
      1. Light Commercial Vehicles (LCVs)- Market Size & Forecast 2020-2030, USD Million
      2. Original Equipment Manufacturers (OEMs)- Market Size & Forecast 2020-2030, USD Million
      3. Aftermarket- Market Size & Forecast 2020-2030, USD Million
      4. Medium & Heavy Commercial Vehicles (MHCVs)- Market Size & Forecast 2020-2030, USD Million
      5. Original Equipment Manufacturers (OEMs)- Market Size & Forecast 2020-2030, USD Million
      6. Aftermarket- Market Size & Forecast 2020-2030, USD Million
  6. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. ANZ Region
    6. Indonesia
    7. Thailand
    8. Malaysia
    9. Vietnam
    10. Philippines
    11. Rest of Asia-Pacific
  7. By Competition
    1. Market Share of Top Companies
    2. Competition Characteristics
China Automotive Parts and Components Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Components- Market Size & Forecast 2020-2030, USD Million
  2. By Propulsion - Market Size & Forecast 2020-2030, USD Million
  3. By Material - Market Size & Forecast 2020-2030, USD Million
  4. By Sales Channel- Market Size & Forecast 2020-2030, USD Million
  5. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
Japan Automotive Parts and Components Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Components- Market Size & Forecast 2020-2030, USD Million
  2. By Propulsion - Market Size & Forecast 2020-2030, USD Million
  3. By Material - Market Size & Forecast 2020-2030, USD Million
  4. By Sales Channel- Market Size & Forecast 2020-2030, USD Million
  5. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
India Automotive Parts and Components Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Components- Market Size & Forecast 2020-2030, USD Million
  2. By Propulsion - Market Size & Forecast 2020-2030, USD Million
  3. By Material - Market Size & Forecast 2020-2030, USD Million
  4. By Sales Channel- Market Size & Forecast 2020-2030, USD Million
  5. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
South Korea Automotive Parts and Components Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Components- Market Size & Forecast 2020-2030, USD Million
  2. By Propulsion - Market Size & Forecast 2020-2030, USD Million
  3. By Material - Market Size & Forecast 2020-2030, USD Million
  4. By Sales Channel- Market Size & Forecast 2020-2030, USD Million
  5. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
ANZ Region Automotive Parts and Components Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Components- Market Size & Forecast 2020-2030, USD Million
  2. By Propulsion - Market Size & Forecast 2020-2030, USD Million
  3. By Material - Market Size & Forecast 2020-2030, USD Million
  4. By Sales Channel- Market Size & Forecast 2020-2030, USD Million
  5. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
Indonesia Automotive Parts and Components Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Components- Market Size & Forecast 2020-2030, USD Million
  2. By Propulsion - Market Size & Forecast 2020-2030, USD Million
  3. By Material - Market Size & Forecast 2020-2030, USD Million
  4. By Sales Channel- Market Size & Forecast 2020-2030, USD Million
  5. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
Malaysia Automotive Parts and Components Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Components- Market Size & Forecast 2020-2030, USD Million
  2. By Propulsion - Market Size & Forecast 2020-2030, USD Million
  3. By Material - Market Size & Forecast 2020-2030, USD Million
  4. By Sales Channel- Market Size & Forecast 2020-2030, USD Million
  5. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
Thailand Automotive Parts and Components Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Components- Market Size & Forecast 2020-2030, USD Million
  2. By Propulsion - Market Size & Forecast 2020-2030, USD Million
  3. By Material - Market Size & Forecast 2020-2030, USD Million
  4. By Sales Channel- Market Size & Forecast 2020-2030, USD Million
  5. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
Vietnam Automotive Parts and Components Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Components- Market Size & Forecast 2020-2030, USD Million
  2. By Propulsion - Market Size & Forecast 2020-2030, USD Million
  3. By Material - Market Size & Forecast 2020-2030, USD Million
  4. By Sales Channel- Market Size & Forecast 2020-2030, USD Million
  5. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
Philippines Automotive Parts and Components Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Components- Market Size & Forecast 2020-2030, USD Million
  2. By Propulsion - Market Size & Forecast 2020-2030, USD Million
  3. By Material - Market Size & Forecast 2020-2030, USD Million
  4. By Sales Channel- Market Size & Forecast 2020-2030, USD Million
  5. By Vehicle Type- Market Size & Forecast 2020-2030, USD Million
Asia-Pacific Automotive Parts and Components Market Key Strategic Imperatives for Growth & Success
Competition Outlook
1. Company Profiles
  1. Denso Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Robert Bosch GmbH
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. HELLA GmbH & Co. KGaA
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. ZF Friedrichshafen AG
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Nidec Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Aisin Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Marelli Holdings Co., Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Continental AG
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Mitsubishi Electric Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Magna International Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Sumitomo
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Bridgestone
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Hyundai Mobis Co., Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. Hitachi Astemo
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. Valeo SA
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  16. Cummins Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  17. Motherson Sumi
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  18. Toyota Boshoku Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  19. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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