Industry Statistics and Trends
Motor Vehicle Parts & Accessories Manufacturing in Europe key trends
Electrical components take flight as AFV production ramps up.
Car makers are switching rapidly to producing plug-in hybrids and electric vehicles are providing opportunities for parts producers. Major car makers in many 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.
Slow new car sales and customers holding on to vehicles longer, which drives up the average age of EU car fleet, boosting downstream orders for parts.
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Motor Vehicle Parts & Accessories Manufacturing in Europe
Industry Revenue
Total value and annual change from 2012-2030. Includes 5-year outlook.
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Motor Vehicle Parts & Accessories Manufacturing in Europe market size (2020-2025)
Industry revenue has grown at a CAGR of 2.1 % over the past five years, to reach an estimated €385.2bn in 2025.
Trends and Insights
Orders for electrical components climb as production of electric vehicles surges, pushing up revenue
- Car parts makers are meeting market orders for hybrid and electric vehicles as the automotive sector transitions. The surge in European electric vehicle production has significantly increased orders for electrical components like battery packs, electric motors, inverters, and charging and thermal management systems. These parts already exist, but car parts makers are investing in making these parts more durable and efficient, which is key to securing contracts with car makers.
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Motor Vehicle Parts & Accessories Manufacturing in Europe outlook (2025-2030)
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 ban on the sale of new petrol and diesel vehicles from 2035 in the EU, aiming to reduce emissions and accelerate the uptake of electric vehicles, will have significant implications for car parts manufacturers. The law is set to lead to mixed effects for car parts makers, with a decline in internal combustion engine parts in the short term as petrol and diesel vehicles are phased out. Car component makers specialising in engine components, exhaust systems, and fuel systems will see reduced demand ahead of the ban. The drop will initially reduce orders and revenue for car parts factories, weighing on revenue growth.
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Revenue
€385.2bn
Employees
2m
Wages
€XX.Xbn
European Leaders & Laggards
Top 5 Countries
- Latvia +8.6%
- Turkey +6.8%
- Romania +5.8%
- Bosnia & Herzegovina +5.1%
- Luxembourg +5.0%
Bottom 5 Countries
- Denmark -10.3%
- Greece -5.0%
- Ireland -4.3%
- Germany -1.9%
- United Kingdom -1.1%
* CAGR values are for the years 2020-2025.
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Biggest companies in the Motor Vehicle Parts & Accessories Manufacturing in Europe
| Company | Market Share (%)
2025 | Revenue (€m)
2025 | Profit (€m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Robert Bosch GmbH | 92,583.0 | 3,759.0 | 4.1 | |
ZF Friedrichshafen AG | 40,120.0 | 650.0 | 1.6 | |
Magna International Inc | 40,760.0 | 3,280.0 | 8.0 |
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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 2025?
The market size of the Motor Vehicle Parts & Accessories Manufacturing industry in Europe is €385.2bn in 2025.
How many businesses are there in the Motor Vehicle Parts & Accessories Manufacturing industry in Europe in 2025?
There are 16,444 businesses in the Motor Vehicle Parts & Accessories Manufacturing industry in Europe, which has grown at a CAGR of 0.6 % between 2020 and 2025.
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 growing at a CAGR of 2.1 % between 2020 and 2025.
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 industry 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 in Europe.
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 Greece
- Motor Vehicle Parts & Accessories Manufacturing in Romania
- Motor Vehicle Parts & Accessories Manufacturing in the UK
- Motor Vehicle Parts & Accessories Manufacturing in Norway
- Motor Vehicle Parts & Accessories Manufacturing in Germany
- Motor Vehicle Parts & Accessories Manufacturing in Estonia
- Motor Vehicle Parts & Accessories Manufacturing in Bosnia & Herzegovina
- 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 Austria
- Motor Vehicle Parts & Accessories Manufacturing in France
- 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 Lithuania
- Motor Vehicle Parts & Accessories Manufacturing in Finland
- Motor Vehicle Parts & Accessories Manufacturing in Bulgaria
- Motor Vehicle Parts & Accessories Manufacturing in Spain
- Motor Vehicle Parts & Accessories Manufacturing in Portugal
- Motor Vehicle Parts & Accessories Manufacturing in Hungary
- Motor Vehicle Parts & Accessories Manufacturing in Switzerland
- Motor Vehicle Parts & Accessories Manufacturing in Czechia
- Motor Vehicle Parts & Accessories Manufacturing in Serbia
- Motor Vehicle Parts & Accessories Manufacturing in Denmark
- Motor Vehicle Parts & Accessories Manufacturing in Turkey
- Motor Vehicle Parts & Accessories Manufacturing in Ireland
- Motor Vehicle Parts & Accessories Manufacturing in Malta
- Motor Vehicle Parts & Accessories Manufacturing in Luxembourg
- Motor Vehicle Parts & Accessories Manufacturing in Russia
- Motor Vehicle Parts & Accessories Manufacturing in Italy
- Motor Vehicle Parts & Accessories Manufacturing in Sweden
- Motor Vehicle Parts & Accessories Manufacturing in Poland
- Motor Vehicle Parts & Accessories Manufacturing in Slovakia
- Motor Vehicle Parts & Accessories Manufacturing in Latvia
- Motor Vehicle Parts & Accessories Manufacturing in Croatia
- Motor Vehicle Parts & Accessories Manufacturing in Slovenia
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 as production of electric vehicles surges, pushing up revenue
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Revenue Highlights
Trends
- Revenue
- 2025 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 (2012 -2030)
- Employees in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry (2012 -2030)
- Business in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry (2012 -2030)
- Profit in the Motor Vehicle Parts & Accessories Manufacturing in Europe industry (2012 -2030)
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
The US imposed 25% tariff on European motor vehicle parts is expected to slash European exports to the US. Exports like German-made transmissions, seatbelts, braking systems and electronic components, now face a 25% rate, making them far less competitive in the US market.
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 (2025)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2025)
- Share of Total Industry Enterprises by Region (2025)
- Share of Total Industry Employment by Region (2025)
- Share of Total Industry Wages by Region (2025)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2025)
- IVA (2025)
- Enterprises (2025)
- Employment (2025)
- Exports (2025)
- Imports (2025)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Many car parts producers in the continent means low concentration. There are many car parts producers in Europe, with no single manufacturer able to influence prices. Robert Bosch GmbH holds significant market share due to long-term supplier contracts with car manufacturers.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2020-2025)
Companies
Data Tables
Top 11 companies by market share:
- Market share (2025)
- Revenue (2025)
- Profit (2025)
- Profit Margin (2025)
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 Gestamp Automoción SA
- Countries of operation for Valeo SA
- Countries of operation for Lear Corporation
- Countries of operation for Adient plc
- Countries of operation for Brose Fahrzeugteile GmbH & Co KG
- Countries of operation for Lear Corporation Inc
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, which makes them price takers in some cases.
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 (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
- Revenue per Employee (2015-2030)
- Wages/Revenue (2015-2030)
- Employees per Establishment (2015-2030)
- Average Wage (2015-2030)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and bottom five countries listed for each:
- Revenue Growth (2025)
- Business Growth (2025)
- Job Growth (2025)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2025)
- Imports/Demand (2025)
- Exports/Revenue (2025)
- Revenue per Employee (2025)
- Wages/Revenue (2025)
- Employees per Establishment (2025)
- Average Wage (2025)
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 (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
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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