Industry Statistics and Trends
Motor Vehicle Parts & Accessories Manufacturing in Europe key trends
Electrical components take flight as AFV production ramps up.
Car makers switching rapidly to producing hybrids and plug-in hybrids are providing opportunities for parts producers. Major car makers in Europe will ramp up production of new models, overtaking petrol and diesel fuel types.
An ageing fleet across the EU raises downstream orders for parts.
Lower new car sales and private customers holding on to vehicles for longer drives up the average age of the EU car fleet, boosting orders for parts.
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Motor Vehicle Parts & Accessories Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Motor Vehicle Parts & Accessories Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 4.0 % over the past five years, to reach an estimated €359.4bn in 2024.
Trends and Insights
Orders for electrical components climb across the continent as production of greener vehicles surges
- Car makers are the primary market for car parts manufacturers and some parts producers have exclusive contracts with car producers.
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Motor Vehicle Parts & Accessories Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
The push for electrification in the EU will influence orders for parts as electric car production ramps up
- The EU law to only register new electric passenger cars and light commercial vehicles from 2035 will likely weigh on demand for parts because electric cars require fewer components, so demand for parts will be diluted.
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Revenue
€359.4bn
Employees
2m
Wages
€XX.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Motor Vehicle Parts & Accessories Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Robert Bosch GmbH | 91,104.3 | 3,687.8 | 4.0 | |
ZF Friedrichshafen AG | 48,215.0 | 1,438.0 | 3.0 | |
Magna International Inc | 40,936.0 | 1,104.0 | 2.7 |
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Motor Vehicle Parts & Accessories Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Motor Vehicle Parts & Accessories Manufacturing industry in Europe in 2024?
The market size of the Motor Vehicle Parts & Accessories Manufacturing industry in Europe is €359.4bn in 2024.
How many businesses are there in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry in 2024?
There are 13,710 businesses in the Motor Vehicle Parts & Accessories Manufacturing industry in Europe, which has grown at a CAGR of 0.0 % between 2019 and 2024.
Has the Motor Vehicle Parts & Accessories Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Motor Vehicle Parts & Accessories Manufacturing industry in Europe has been declining at a CAGR of 4.0 % between 2019 and 2024.
What is the forecast growth of the Motor Vehicle Parts & Accessories Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Motor Vehicle Parts & Accessories Manufacturing industry in Europe is expected to grow.
What does the Motor Vehicle Parts & Accessories Manufacturing in Europe include?
Airbags, seats, seatbelts, parts and accessories of bodies and Electrical and electronic equipment are part of the Motor Vehicle Parts & Accessories Manufacturing industry.
Which countries have the most businesses in the Motor Vehicle Parts & Accessories Manufacturing industry in Europe?
The European country with the most businesses in the Motor Vehicle Parts & Accessories Manufacturing industry is Italy.
How competitive is the Motor Vehicle Parts & Accessories Manufacturing industry in Europe?
The level of competition is high and increasing in the Motor Vehicle Parts & Accessories Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Motor Vehicle Parts & Accessories Manufacturing in Austria
- Motor Vehicle Parts & Accessories Manufacturing in France
- Motor Vehicle Parts & Accessories Manufacturing in Lithuania
- Motor Vehicle Parts & Accessories Manufacturing in the Netherlands
- Motor Vehicle Parts & Accessories Manufacturing in Belgium
- Motor Vehicle Parts & Accessories Manufacturing in Cyprus
- Motor Vehicle Parts & Accessories Manufacturing in Estonia
- Motor Vehicle Parts & Accessories Manufacturing in Iceland
- Motor Vehicle Parts & Accessories Manufacturing in Europe
- Motor Vehicle Parts & Accessories Manufacturing in the UK
- Motor Vehicle Parts & Accessories Manufacturing in Germany
- Motor Vehicle Parts & Accessories Manufacturing in Ireland
- Motor Vehicle Parts & Accessories Manufacturing in Luxembourg
- Motor Vehicle Parts & Accessories Manufacturing in Russia
- Motor Vehicle Parts & Accessories Manufacturing in Slovakia
- Motor Vehicle Parts & Accessories Manufacturing in Hungary
- Motor Vehicle Parts & Accessories Manufacturing in Denmark
- Motor Vehicle Parts & Accessories Manufacturing in Poland
- Motor Vehicle Parts & Accessories Manufacturing in Malta
- Motor Vehicle Parts & Accessories Manufacturing in Croatia
- Motor Vehicle Parts & Accessories Manufacturing in Slovenia
- Motor Vehicle Parts & Accessories Manufacturing in Spain
- Motor Vehicle Parts & Accessories Manufacturing in Portugal
- Motor Vehicle Parts & Accessories Manufacturing in Serbia
- Motor Vehicle Parts & Accessories Manufacturing in Switzerland
- Motor Vehicle Parts & Accessories Manufacturing in Czechia
- Motor Vehicle Parts & Accessories Manufacturing in Turkey
- Motor Vehicle Parts & Accessories Manufacturing in Ireland
- Motor Vehicle Parts & Accessories Manufacturing in Finland
- Motor Vehicle Parts & Accessories Manufacturing in Bulgaria
- Motor Vehicle Parts & Accessories Manufacturing in Greece
- Motor Vehicle Parts & Accessories Manufacturing in Romania
- Motor Vehicle Parts & Accessories Manufacturing in Norway
- Motor Vehicle Parts & Accessories Manufacturing in Italy
- Motor Vehicle Parts & Accessories Manufacturing in the UK
- Motor Vehicle Parts & Accessories Manufacturing in Sweden
- Motor Vehicle Parts & Accessories Manufacturing in Germany
- Motor Vehicle Parts & Accessories Manufacturing in Latvia
- Motor Vehicle Parts & Accessories Manufacturing in Bosnia & Herzegovina
Table of Contents
About this industry
Industry definition
Businesses manufacture parts and accessories for use in motor vehicles. This includes brakes, gearboxes, electrical, electronic components, seats, clutches, parts and accessories of motor vehicle bodies. Manufacturing of tyres and motor vehicle engines are excluded.
Related Terms
Electric VehicleAftermarketBrakesOriginal Equipment ManufacturerWhat's included in this industry?
Airbags, seats, seatbelts, parts and accessories of bodies Electrical and electronic equipment Wheels, radiators, silencers and clutches Gearboxes and gearbox parts Bumpers, brakes, and servo-brakes and drive axels Other parts and accessoriesCompanies
Robert Bosch GmbHZF Friedrichshafen AGMagna International IncIndustry Code
293 - Manufacture of parts and accessories for motor vehicles in Europe
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Performance
Key Takeaways
Orders for electrical components climb across the continent as production of greener vehicles surges
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry (2011 -2029)
- Employees in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry (2011 -2029)
- Business in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry (2011 -2029)
- Profit in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Motor Vehicle Parts & Accessories Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Electronic components increasingly dominate the changing automotive sector. Electronic components are becoming increasingly crucial in the European market as the production of electric vehicles overtakes petrol and diesel vehicles.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Motor Vehicle Parts & Accessories Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Many car parts producers in the continent mean low concentration. There are many car parts producers in Europe, with no single manufacturer able to influence prices. Robert Bosch GmbH holds a significant market share due to long-term supplier contracts with manufacturers.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Robert Bosch GmbH
- Countries of operation for ZF Friedrichshafen AG
- Countries of operation for Magna International Inc
- Countries of operation for Continental AG
- Countries of operation for Faurecia SA
- Countries of operation for Valeo SA
- Countries of operation for Gestamp Automoción SA
- Countries of operation for Lear Corporation
- Countries of operation for Adient plc
- Countries of operation for Brose Fahrzeugteile GmbH & Co KG
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
EU laws give European manufacturers the edge over imports. EU suppliers benefit from standardisation laws for most motor vehicles because they operate in a huge market, with all new cars from 2024 required to have Intelligent Speed Assistant installed.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Motor Vehicle Parts & Accessories Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising bargaining power from manufacturers damages profitability. Car assemblers have significant bargaining power, reducing prices for car parts suppliers.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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