MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Asia-Pacific Automotive Parts and Components Market Research Report: Forecast (2024–2030). This report provides a detailed assessment of the Asia-Pacific Automotive Parts and Components, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2019–22
• Base Year: 2023
• Forecast Years: 2024–30

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

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Asia-Pacific Automotive Parts and Components Market Outlook

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.

Asia-Pacific Automotive Parts and Components Market Drivers:

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.

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Asia-Pacific Automotive Parts and Components Market Trends:

Rising Adoption of Electric Vehicles Accelerating the Market Growth – Consumer demand for Electric Vehicles has risen significantly over the past few years. The shift to EVs is forecasted to accelerate due to improvements in battery technology, an expanding network of charging infrastructure, supportive government policies, increasing consumer awareness, and rising consumer demand. Various countries in APAC, including China, India, and Japan, have implemented policy assistance programs to promote the adoption of EVs. The EV adoption augments the demand for automotive parts and components, such as batteries, drivetrains, electronics, and others, hence becoming a trend in the Asia-Pacific Automotive Parts and Components Market growth.

Asia-Pacific Automotive Parts and Components Market Segmentation

The study categorizes the Asia-Pacific Automotive Parts and Components into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Components

• Driveline & Powertrain- Market Size & Forecast 2020-2030, USD Million
• Engine Parts (Pistons, Gaskets, Belts, Timing Chains)- Market Size & Forecast 2020-2030, USD Million
• Electronics- Market Size & Forecast 2020-2030, USD Million    
• Bodies & Chassis- Market Size & Forecast 2020-2030, USD Million
• Braking System- Market Size & Forecast 2020-2030, USD Million
• Tires – Market Size & Forecast USD Million & Million Units
• Lighting Systems - Market Size & Forecast 2020-2030, USD Million
• Batteries - Market Size & Forecast 2020-2030, USD Million
• Others (Seating, Transmission Components, etc.) - Market Size & Forecast 2020-2030, USD Million

By Propulsion

• Diesel - Market Size & Forecast 2020-2030, USD Million
• Petrol - Market Size & Forecast 2020-2030, USD Million
• Electric - Market Size & Forecast 2020-2030, USD Million
• CNG, PNG & Biofuels - Market Size & Forecast 2020-2030, USD Million

By Material

• Aluminum - Market Size & Forecast 2020-2030, USD Million
• Steel - Market Size & Forecast 2020-2030, USD Million
• Plastic & Polymers - Market Size & Forecast 2020-2030, USD Million
• Composites - Market Size & Forecast 2020-2030, USD Million
• Others - Market Size & Forecast 2020-2030, USD Million

By Sales Channel

• Original Equipment Manufacturers (OEMs)-  Market Size & Forecast 2020-2030, USD Million
• Aftermarket- Market Size & Forecast 2020-2030, USD Million

By Vehicle Type- Market Size & Forecast 2020-2030, USD Million

• Two-wheelers- Market Size & Forecast 2020-2030, USD Million
  • Original Equipment Manufacturers (OEMs)-  Market Size & Forecast 2020-2030, USD Million
  • Aftermarket- Market Size & Forecast 2020-2030, USD Million
• Three-wheelers- Market Size & Forecast 2020-2030, USD Million
  • Original Equipment Manufacturers (OEMs)-  Market Size & Forecast 2020-2030, USD Million
  • Aftermarket- Market Size & Forecast 2020-2030, USD Million
• Off-the-Road- Market Size & Forecast 2020-2030, USD Million
  • Original Equipment Manufacturers (OEMs)-  Market Size & Forecast 2020-2030, USD Million
  • Aftermarket- Market Size & Forecast 2020-2030, USD Million
• Passenger Cars-  Market Size & Forecast 2020-2030, USD Million
  • Original Equipment Manufacturers (OEMs)-  Market Size & Forecast 2020-2030, USD Million
  • Aftermarket- Market Size & Forecast 2020-2030, USD Million
• Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million
  • Light Commercial Vehicles (LCVs)- Market Size & Forecast 2020-2030, USD Million
  • Original Equipment Manufacturers (OEMs)-  Market Size & Forecast 2020-2030, USD Million
  • Aftermarket- Market Size & Forecast 2020-2030, USD Million
  • Medium & Heavy Commercial Vehicles (MHCVs)- Market Size & Forecast 2020-2030, USD Million
  • Original Equipment Manufacturers (OEMs)-  Market Size & Forecast 2020-2030, USD Million
  • Aftermarket- Market Size & Forecast 2020-2030, USD Million

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Country

• China
• Japan
• India
• South Korea
• ANZ Region
• Indonesia
• Thailand
• Malaysia
• Vietnam
• Philippines
• Rest of Asia-Pacific.

Talk to Our Industry Analyst:  - https://www.marknteladvisors.com/query/talk-to-our-consultant/apac-automotive-parts-components-market.html  Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in Asia-Pacific Automotive Parts and Components Market Worldwide: Players, Analysis & Future Outlook

• 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.
• Sumitomo
• Bridgestone
• Hyundai Mobis Co., Ltd.
• Hitachi Astemo
• Valeo SA
• Cummins Inc.
• Motherson Sumi
• Toyota Boshoku Corporation
•  

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

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Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Asia-Pacific Automotive Parts and Components?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Asia-Pacific Automotive Parts and Components?
   4. Who are the prominent players in the Asia-Pacific Automotive Parts and Components?
   5. How is the competition structured in this market?
   6. How can I access the full report?

About Us

MarkNtel Advisors is a leading research and consulting firm providing strategic intelligence across the automotive industry, spanning automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our research helps OEMs, suppliers, and investors navigate regulatory shifts, evolving mobility patterns, and emerging EV ecosystems. With Custom Market Analysis, we deliver tailored research solutions that address specific business objectives, empowering clients to optimize investments, accelerate innovation, and sustain long-term growth in the global automotive market.

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