Top 12 Auto Parts Manufacturing Companies in the World

Automotive Industry

Top 12 Auto Parts Manufacturing Companies in the World

The global auto parts manufacturing market size reached US$ 2,197.9 Billion in 2023. Auto part manufacturing refers to the process of designing, developing, and producing various components that are used in the manufacturing of automobiles. These components range from small parts like nuts and bolts to more complex parts like engines, transmissions, and suspension systems. Auto parts manufacturing involves the use of advanced technology, engineering expertise, and quality control systems to ensure that each part meets the required specifications and standards. The auto parts manufacturing industry plays a vital role in the global automotive industry and contributes significantly to the overall economic growth of many countries.

As per the analysis of the IMARC Group, the top companies in the auto parts manufacturing market are widely adopting advanced manufacturing technologies, such as automation, robotics, and 3D printing, to enhance the efficiency and accuracy of production procedures. They are also extensively investing in research and development (R&D) activities to introduce products that offer better performance, durability, and sustainability. Furthermore, several key players are expanding their distribution networks and partnerships with OEM (Original Equipment Manufacturers) to increase their market share and global reach. Moreover, they are also focusing on optimizing the supply chain management procedures to minimize lead times, enhance product availability, and increase customer satisfaction. Looking forward, IMARC Group expects the market to reach US$ 2,719.4 Billion by 2032, exhibiting a growth rate (CAGR) of 2.39% during 2024-2032. 

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List of Top Companies Operating in the Auto Parts Manufacturing Industry Worldwide

The global auto parts manufacturing market has several major players including Aisin Corporation, Akebono Brake Industry Co. Ltd., Brembo S.p.A., Continental AG, DENSO Corporation, Faurecia SE, General Motors Company, General Motors Company, Magna International Inc., Marelli Holdings Co. Ltd., Robert Bosch GmbH, Schaeffler AG, and Valeo. More information about these companies has been provided below.

1. Aisin Corporation

Establishment:

1949

Headquarters:

Japan  

Website:

https://www.aisin.com/en/

 

Aisin Corporation is a global supplier of automotive parts and systems, including drivetrain, body, brake and chassis, engine, and aftermarket products. It has a strong focus on research and development, with several research centers located throughout Japan and around the world. The company's goal is to create innovative products that help improve vehicle safety, fuel efficiency, and overall performance. Furthermore, the company offers a diverse range of products, including automatic transmissions, navigation systems, hybrid systems, brake systems, door modules, and sunroofs. These products are used by various world's leading automakers, including Toyota, GM, and Ford.

2. Akebono Brake Industry Co. Ltd.

Establishment:

1929 

Headquarters:

Japan

Website:

https://www.akebono-brake.com/english/

 

Akebono Brake Industry Co. Ltd is a leading global manufacturer of braking systems and components for automobiles, motorcycles, and industrial machinery. The primary focus of the company is to develop and produce high-quality braking systems that are safe, reliable, and efficient. It has a strong commitment to research and development, with several research centers located in Japan and around the world. This dedication to innovation has helped Akebono develop advanced braking technologies, such as ceramic and low-metallic friction materials, that are used in a wide range of vehicles.

3. Brembo S.p.A.

Establishment:

1961

Headquarters:

Italy

Website:

https://www.brembo.com/en/

 

Brembo S.p.A. a leading global manufacturer of high-performance braking systems and components for cars, motorcycles, and commercial vehicles. The company has grown to become a global leader in the braking industry, with operations in over 15 countries around the world. Brembo's products are known for their exceptional performance, precision, and reliability, making them a top choice for high-performance vehicles and motorsports. The company's portfolio includes brake calipers, rotors, pads, and master cylinders, as well as brake fluids and accessories.

4. Continental AG

Establishment:

1871

Headquarters:

Hanover

Website:

https://www.continental.com/en/ 

 

Continental AG is a global technology company that specializes in developing and producing solutions for mobility and transportation. The company is one of the world's largest automotive suppliers, with operations in over 60 countries. Continental's portfolio includes a wide range of products and systems, including tires, brake systems, powertrain and chassis systems, safety and advanced driver assistance systems, and infotainment and connectivity solutions.  The company is a key player in the development of ADAS technologies. Continental AG’s commitment to sustainability and innovation has helped it to maintain its position as a leader in the automotive industry.

5. DENSO Corporation

Establishment:

1949

Headquarters:

Southfield, Michigan

Website:

https://www.denso.com/

 

DENSO Corporation is a global manufacturer of automotive parts and technology solutions. The company’s product portfolio includes a wide range of automotive parts and systems, including engine management systems, electronic systems, fuel systems, air conditioning systems, and automotive batteries. The company has developed a range of products and systems designed to reduce vehicle emissions and improve fuel efficiency, including hybrid and electric vehicle components, as well as fuel cell systems. DENSO Corporation is also committed to innovation and research and development. The company has established research and development centers around the world, and has partnered with leading universities and research institutions to drive innovation in the automotive industry.

6. Faurecia SE

Establishment:

1997

Headquarters:

Nanterre, France

Website:

https://www.faurecia.com/en

 

Faurecia SE is a global automotive technology company that specializes in the design, development, and production of automotive seating, interior systems, and emissions control technologies. The company’s product portfolio includes a wide range of automotive technologies, including seating systems, interior systems, and exhaust systems. These products are used in a variety of vehicles, including passenger cars, commercial vehicles, and trucks. It places a strong emphasis on research and development, with over 20 research and development centers located around the world.  The company also develops and produces advanced technology and systems, including hybrid and electric vehicle components, and advanced driver assistance systems (ADAS).

7. General Motors Company

Establishment:

1908

Headquarters:

Detroit, Michigan

Website:

https://www.gm.com/

 

General Motors Company (GM) is a leading American multinational corporation specializing in designing, manufacturing, and selling automobiles, parts, and related services globally. GM's portfolio includes a wide range of automobiles and trucks, including brands such as Chevrolet, Buick, GMC, and Cadillac. The company also produces a range of electric and hybrid vehicles, with a commitment to a fully electric future. In addition, GM also provides automotive financing and related services to its customers. It places a strong emphasis on research and development.. GM is a leader in developing technologies for autonomous driving, electrification, and connectivity.

8. Magna International Inc.

Establishment:

1957 

Headquarters:

Ontario, Canada 

Website:

https://www.magna.com/

 

Magna International Inc. is a global automotive supplier that designs, develops, and manufactures automotive systems, assemblies, modules, and components. Magna's product portfolio includes a wide range of automotive technologies, including body and chassis systems, powertrain systems, seating systems, and electronics. Magna places a strong emphasis on research and development, with multiple research and development centers located around the world. Magna is a leader in developing technologies for electrification, autonomous driving, and lightweight materials. The company also places a strong emphasis on corporate social responsibility. It has implemented a number of initiatives to reduce its environmental impact and promote sustainability, including a goal to achieve carbon neutrality by 2050.

9. Marelli Holdings Co. Ltd.

Establishment:

2019

Headquarters:

Saitama, Tokyo

Website:

https://www.marelli.com/

 

Marelli Holdings Co. Ltd. is a global automotive supplier that designs and manufactures advanced technologies for electric and hybrid vehicles, lighting systems, powertrain systems, and electronic systems. The company’s product portfolio includes a wide range of automotive technologies, including advanced lighting systems, electric powertrain systems, and electronic systems. These products are used in a variety of vehicles, including passenger cars, commercial vehicles, and electric vehicles. The company's goal is to develop innovative solutions that help improve vehicle performance, reduce emissions, and enhance overall efficiency.

10. Robert Bosch GmbH

Establishment:

1886

Headquarters:

Germany

Website:

https://www.bosch.com/

 

Robert Bosch GmbH is a global technology and engineering company that specializes in the design, development, and production of innovative solutions for various industries, including automotive, industrial, and consumer goods. Bosch's product portfolio includes a wide range of automotive technologies, including powertrain systems, chassis systems, safety and assistance systems, and connected mobility solutions. The company is also a leading manufacturer of household appliances and power tools. The company's goal is to develop innovative solutions that help improve the quality of life for people worldwide, reduce emissions, and enhance overall efficiency. Bosch is a leader in developing technologies for electrification, autonomous driving, and connectivity.

11. Schaeffler AG

Establishment:

1946

Headquarters:

Germany

Website:

https://www.schaeffler.us/us/

 

Schaeffler AG is a global automotive and industrial supplier that specializes in the design, development, and production of high-precision components and systems. Schaeffler's product portfolio includes a wide range of automotive technologies, including engine and transmission systems, chassis systems, and hybrid and electric drive systems. The company is also a leading manufacturer of bearings, linear systems, and power transmission product.

12. Valeo

Establishment:

1923

Headquarters:

France

Website:

https://www.valeo.com/en/

 

Valeo is a global automotive supplier that specializes in designing, manufacturing, and supplying innovative components, integrated systems, and advanced technologies for the automotive industry. Valeo's product portfolio encompasses a wide range of automotive solutions, including powertrain systems, thermal systems, visibility systems, and driver assistance systems. The company's expertise extends across various segments, such as electrification, autonomous driving, and connectivity. With a presence in over 30 countries, the Company has a strong commitment to research and development.

About Author:

Aditi Kumar

Senior Content Writer at IMARC Services Private Limited

Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels..

 

 

 

 

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