Europe Auto Parts Manufacturing Market Report and Forecast 2025-2034

The Europe auto parts manufacturing market size is projected to grow at a CAGR of 2.97% between 2025 and 2034.

The battery plays a crucial role in driving the Europe auto parts manufacturing market growth, as it is indispensable for initiating the engine and providing power to diverse electrical components within vehicles, encompassing lighting, entertainment systems, sensors, and beyond

The battery gives power to the vehicle, allowing start and stop technology and also supports hybrid and EVs. They boost energy storage capacity, improve operation, meet environmentally friendly standards, and drive innovation. It contributes to fuel efficacy, reduction in emissions and market effectiveness.

In August 2023, Genuine Parts Company disclosed a purchase within its European Automotive sector. Alliance Automotive Group (AAG), its wholly-owned London-based automotive distribution arm, finalized the acquisition of Recambios y Accesorios Gaudí, S.L. (Gaudi) by July 2023.

Cooling systems such as compressors, radiators, pumps and thermostats enhance efficiency and prevent damage to components. It covers component lifespan, support performance and passenger comforts. Innovative cooling solutions which are being manufactured in the market are gaining a competitive edge by offering vehicles with good performance, durability and increased efficiency.

Market Segmentation

Europe Auto Parts Manufacturing Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Component:

• Battery
• Cooling System
• Compressor
• Radiator
• Pump
• Thermostat
• Underbody Components
• Brake Components
• Exhaust Components
• Engine Components
• Starter
• Engine
• Pump
• Alternator
• Automotive Filter
• Lighting Components
• Electrical Components
• Ignition Coil
• Ignition Switch
• Spark and Glow Plug
• Chassis System
• Transmission and Steering System
• Others

Market Breakup by Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Market Breakup by Sales Channel:

• OEM
• Aftermarket

Market Breakup by Region:

• Germany
• United Kingdom
• France
• Italy
• Others

The Europe auto parts manufacturing market key players are Robert Bosch GmbH, Denso Corp., Continental AG, ZF Friedrichshafen AG, Marelli Holdings Co., Ltd., Panasonic Holdings Corp., Sumitomo Electric Industries, Ltd., Magna International Inc., Valeo S.A. and Aisin Corporation among others.