APAC Automotive Parts and Components Market to grow with a CAGR of 7.3% during the forecast period
Rising demand for electric vehicles and hybrid cars, increasing
investments in local component manufacturing, and the shift toward lightweight,
fuel-efficient automotive solutions are the factors driving the market in the
forecast period 2026–2030.
According to TechSci Research report, “APAC Automotive Parts and
Components Market – By Country, Competition, Opportunities and
Forecast, 2020-2030F”, The APAC Automotive Parts and Components
Market was valued at USD 203.8 Billion in 2024 and is expected to reach USD
311.0 Billion by 2030 with a CAGR of 7.3% during the forecast period. The APAC
Automotive Parts and Components Market is experiencing sustained growth due to
expanding vehicle production, rising consumer preference for fuel-efficient
cars, and increased government support for localized component manufacturing.
The demand for modular and integrated automotive systems is encouraging
component suppliers to invest in R&D and automation to improve
compatibility, reliability, and lifecycle value. Evolving emission standards
and stricter safety regulations are also creating opportunities for innovation
in drivetrain, braking, and thermal management components.
Rapid technological evolution is reshaping product strategies. Component
makers are focusing on producing parts optimized for electric and hybrid
drivetrains, incorporating software, sensors, and lightweight materials. As
digitalization accelerates in the automotive industry, manufacturers are
integrating smart systems into traditionally mechanical components to boost
connectivity, vehicle diagnostics, and energy efficiency. A surge in demand for
telematics, ADAS, and electronics-heavy powertrains is driving innovation in
component design and assembly across key markets. However, the market faces
challenges including fluctuating raw material costs, complex global supply
chains, and the need to adapt quickly to shifting technology and regulatory
landscapes. Small and medium-sized manufacturers often struggle to adopt high-end
automation and meet international quality benchmarks, limiting scalability.
Uncertain geopolitical conditions, trade tensions, and a highly competitive
pricing environment further pressurize margins and threaten long-term stability
for some suppliers.
Browse over XX market data Figures spread through XX Pages and an
in-depth TOC on "APAC Automotive Parts and Components Market"
APAC Automotive Parts and
Components Market Is Segmented by Vehicle Type, Demand Category, Type, and Country.
The APAC Automotive Parts
and Components Market comprises a diverse range of component categories, each
contributing to the overall vehicle system in terms of performance, safety, and
efficiency. Driveline and powertrain components are engineered to transfer
torque, regulate energy use, and support the evolving needs of hybrid and
electric vehicle platforms. Interiors and exteriors cover aesthetic and
functional elements that enhance user experience, cabin ergonomics, and
structural design. This segment includes dashboard systems, seats, body panels,
lighting, and trim parts. The electronics segment includes sensors, control
units, infotainment systems, and digital instrument clusters that enable
connectivity, safety, and autonomous features. These components are becoming
central to modern vehicle architecture, with demand growing for more integrated
and smart systems. Bodies and chassis parts form the structural base of
vehicles and are being redefined through the use of high-strength materials,
weight-reduction strategies, and flexible assembly technologies to improve
crash performance and fuel efficiency. Tires represent another
critical segment, contributing to vehicle dynamics, traction, and safety across
various driving conditions. Manufacturers are focusing on tread innovation,
rolling resistance reduction, and compatibility with EVs. The "others"
category includes miscellaneous parts such as filters, fasteners, belts,
fluids, and bushings that support overall vehicle functionality and
maintenance. Continuous innovation across all segments reflects the market’s
dynamic response to regulatory, technological, and performance-driven demands.
In 2024, India emerged as
the fastest growing country in the APAC Automotive Parts and Components Market.
The surge in growth is driven by increased vehicle production, favorable
government schemes like the Production Linked Incentive (PLI), and a growing
ecosystem of component suppliers adapting to electric and hybrid vehicle
technologies. Rapid urbanization, infrastructure development, and rising
disposable income have led to higher automobile demand, which directly
stimulates the auto parts sector. The country is also becoming a preferred
manufacturing hub due to its cost competitiveness, skilled workforce, and
expanding local R&D capabilities. Domestic and international firms are
investing in production facilities, which has enhanced the availability of
high-quality parts across multiple categories. The momentum is expected to
continue with a strong pipeline of EV policies, digitalization of manufacturing
processes, and emphasis on reducing import dependency for critical components.
Major Market Players
Operating in APAC Automotive Parts and Components Market Are:
- DENSO Corporation
- Aisin Corporation
- Hyundai Mobis Co., Ltd.
- NGK Spark Plug Co., Ltd. (Niterra Co., Ltd.)
- Bharat Forge Limited
- Toyota Boshoku Corporation
- Minda Corporation Limited
- Sumitomo Electric Industries, Ltd.
- Bosch Limited (India)
- Marelli Corporation
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
B2B and B2C e-commerce platforms are reshaping the aftermarket distribution landscape. Online ordering, digital catalogs, and predictive inventory management are enabling faster and more efficient parts distribution, especially in Southeast Asian markets. Key players are entering joint ventures and strategic partnerships to pool resources, share technology, and expand market reach. Collaborations between Asian firms and global automakers are on the rise to localize production and enhance supply resilience". said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based global management consulting firm.
“APAC Automotive Parts and Components Market By Type (Driveline and Powertrain, Interiors and Exteriors, Electronics, Bodies & Chassis, Tires, and Others), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Demand Category (OEM, Replacement), By Country, Competition, Opportunities and Forecast, 2020-2030F”, assesses the market's future growth potential and provides data on
market size, trends, and forecasts. It aims to offer comprehensive market
insights, helping decision-makers make informed investment choices. The report
also highlights emerging trends, key drivers, challenges, and opportunities in
the APAC Automotive Parts and Components Market.
Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com