1. Market Research
  2. > Automotive Market Trends
  3. > Auto Part

Auto Parts & Components: Get Market Research and Figures

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
8 votes

Global Automotive Parts & Supplies Industry

The Automotive Parts and Supplies industry is a challenging component of the car sector. Having suffered as a result of the global economic recession, the automotive parts and supplies industry is likely to begin recovering soon. The export of US automotive parts rose over 36% in 2011 to more than $58 billion says the International Trade Administration, with almost 85% of exports going to Canada.

Automotive imports climbed more than 44% to almost $91 billion in 2010, with Chinese imports up 35% to $10 billion. The trade deficit concerning US automotive parts in 2010 reached almost $33 billion, an increase of over 61% on the previous year.

Around 70% of US automotive parts are produced for original-equipment products, with the remainder produced for the aftermarket, involving the repair and modification of vehicles. As this industry is directly linked to the automotive industry, it rises and declines according to demand and sales of vehicles. Due to the economic downturn in 2009, many suppliers were running operations at around 55% capacity.

Industry productivity is set to increase as car manufacturers, such as Ford, seek to put global platforms in place to make the same vehicles in different regions from the same platform. Global platforms cut engineering costs, limit discrepancies in production to improve quality, and simplify the manufacturing process, which affect the automobile engine industrial sector in depth.

Key Segments

The fast fit market involves profit from sales of vehicle components such as mechanical parts, brakes, tires and service parts. This market segment is expected to show yearly growth in excess of 3% for the five-year period ending 2015, reaching almost $7 billion.

The auto electronic and electric equipment market, particularly through the transmission systems market, is forecasted to sell some 86.5 million units in 2015, according to Global Industry Analysts. The market’s recovery follows a rebound in automobile production due to increased consumer demand, with strong demand in Asia-Pacific.

The remanufactured automotive parts industry has a global worth of between $85 billion and $100 billion. There are between 2,000 and 3,000 remanufactured automotive parts facilities in operation throughout the US.

 US Auto Parts Trade Deficit with Asian Countries *In US$ Mn (2005 - 2010)

Regional Market Share

The US imported close to $14 billion worth of automotive parts from Japan in 2010, or a quarter of overall Japanese exports, according to the International Trade Administration. Chinese exports reached almost $12.5 billion, followed by Thailand at close to $6 billion. Other significant players on the export market included the UK, Indonesia, South Korea, Germany (with companies such as Mann + Hummel who recently acquired the US supplier Affinia), Mexico and Canada.

South Korea is a key player in the production of motor vehicles. It was the world’s fifth-largest manufacturer in 2009, and produced close to 4.5 million vehicles in 2010, selling 1.5 million units and exporting the remainder. Its domestic auto part sales were in excess of $35 billion in 2009, meeting almost 95% of demand. Hyundai Mobis, its number-one auto parts producer, has sales in excess of $11 billion, making it the world’s twelfth-largest producer.

Almost three quarters of US automotive parts exports went to Canada and Mexico in 2011. US automotive parts imports from Canada and Mexico in the same year were worth close to $43 billion, or 47% of overall automotive parts. The US imported just over $1.5 billion in automotive parts from China in 2000, and this figure grew to over $8.5 billion by 2007. It is expected to continue to expand in coming years.

US Transportation Equipment Exports  (Cumulative Year to Date Through August 2011)

Read more »

24/7 Customer Support

Talk to Sam

+44 20 8816 8032

1-10 of about 3000 reports

Global Auto Part Industry - Forecast

  • August 2016
    39 pages
  • Auto Part  

  • World  

View report >

Auto Part Industry in the US

  • November 2016
    24 pages
  • United States  

View report >

Auto Part Industry in Europe

  • June 2016
    32 pages
  • Automotive  

  • Europe  

View report >

Auto Part Statistics in Asia

  • August 2016
    33 pages
  • Auto Part  

  • Asia  



View report >

Auto Part Industry in the US and Japan - Forecast

  • April 2016
    15 pages
  • Auto Part  

  • United States  



View report >

Auto Part Markets in France - Forecast

  • October 2014
    38 pages
  • France  



View report >

Auto Part Industry in Germany

  • January 2016
    8 pages
  • Auto Part  

  • Germany  


View report >

Auto Part Industry in Italy

  • January 2015
    19 pages
  • Auto Part  

  • Italy  

    United States  

View report >

Auto Part Industry in the UK - Forecast

  • July 2016
    17 pages
  • Auto Part  


  • United Kingdom  

    North America  


View report >

Search in Auto Part Industry (About 3000 reports)
Parent industry: Automotive
Related industries: Tire, Road Transport, Auto Aftermarket, Auto Retail, Road Safety, Motor Vehicle, Auto Services

About 1900 reports

Purchase Reports From Reputable Market Research Publishers
(From € 68 - € 6384)

Fleet Management Market by Deployment Type, Solution Connectivity Technology, Industry, Service, and Region - Global Forecast to 2021

Fleet Management Market by Deployment Type, Solution Connectivity Technology, Industry, Service, and Region - Global Forecast to 2021

  • € 6384
  • Industry report
  • September 2016
  • by MarketsandMarkets

“Implementation of electronic logging device compliance for vehicles is driving the growth of the fleet management market” MarketsandMarkets estimates the global fleet management market to grow from ...

Electric Vehicle Plastics Market By Material (pp, Pe, A ...

October 2016 € 5045

System Basis Chip Market By Vehicle Type, Application, ...

September 2016 € 5045

Light Duty Vehicle Market For North America By Key Oem ...

November 2016 € 5045

Turbocharger Market By Vehicle Type, Off-highway), Tech ...

November 2016 € 5045

Automotive Vehicle-to-everything Market By Offering, Ty ...

November 2016 € 5045

Automotive Drivetrain Market By Drive Type, Vehicle Typ ...

October 2016 € 5045

Vehicle Anti-theft System Market By Product, Technology ...

October 2016 € 5045

Steering Market By Type, Component, Eps, Vehicle Type, ...

October 2016 € 5045

Driver Safety Market For Passenger Cars By Technology, ...

October 2016 € 5045

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.