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 Market, 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 Years: 2023
• Forecast year - 2024-2030

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

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Download a FREE PDF Sample of the Report: https://www.marknteladvisors.com/query/request-sample/apac-automotive-parts-components-market.html  (Discover the market potential, platform-specific insights, and key industry trends.)

Asia-Pacific Automotive Parts and Components Market Outlook

According to the report, 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.

The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.

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.

View Full Report (All Data, In One Place): https://www.marknteladvisors.com/research-library/apac-automotive-parts-components-market.html  (Explore in-depth analyses, technological trends, and investment patterns.)

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 Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Components

• Driveline & Powertrain
• Engine Parts (Pistons, Gaskets, Belts, Timing Chains)
• Electronics    
• Bodies & Chassis
• Braking System
• Tires – Market Size & Forecast USD Million & Million Units
• 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 (OEMs)
• Aftermarket

By Vehicle Type

• Two-wheelers
  • Original Equipment Manufacturers (OEMs)
  • Aftermarket
• Three-wheelers
  • Original Equipment Manufacturers (OEMs)
  • Aftermarket
• Off-the-Road
  • Original Equipment Manufacturers (OEMs)
  • Aftermarket
• Passenger Cars
  • Original Equipment Manufacturers (OEMs)
  • Aftermarket
• Commercial Vehicles
  • Light Commercial Vehicles (LCVs)
  • Original Equipment Manufacturers (OEMs)
  • Aftermarket
  • Medium & Heavy Commercial Vehicles (MHCVs)
  • Original Equipment Manufacturers (OEMs)
  • Aftermarket

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., Others, are the top companies in the Asia-Pacific Automotive Parts and Components Market.

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

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/apac-automotive-parts-components-market.html  

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Asia-Pacific Automotive Parts and Components Market?
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 Market?
4. Who are the prominent players in the Asia-Pacific Automotive Parts and Components Market?
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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Contact No: +91 8719999009

Email: sales@marknteladvisors.com

Website: https://www.marknteladvisors.com

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