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Motor Vehicle Parts & Accessories Manufacturing in Germany - Market Research Report (2014-2029)

Chris Merklein Chris Merklein Frankfurt, Germany Last Updated: October 2024 WZ C29.30DE

Revenue

€94.1bn

2024

€94.1bn

Past 5-Year Growth

Profit

€X.Xbn

Employees

248k

Businesses

650

Wages

€XX.Xbn

Motor Vehicle Parts & Accessories Manufacturing in Germany industry analysis

In the last five years, the industry has seen an increasing decline in demand due to the stagnation of the domestic automotive industry. Industry turnover fell by an average of 0.9% per year between 2019 and 2024. Production stops by German car manufacturers as a result of the spread of the coronavirus in 2020 also impacted the suppliers' business. 2021 saw a certain recovery in the automotive industry and thus also in industry sales, before the consequences of the war in Ukraine led to production stoppages and other disruptions in the automotive industry again in 2022. In the current year, industry turnover is expected to fall by 3.9% to 94.1 billion euros.The weak demand from car manufacturers, retailers of automotive parts and accessories and automotive workshops, which had a negative impact on the industry, particularly at the beginning of the five-year period, was offset by some positive influences from an industry perspective over the last five years. For example, the average age of registered cars in Germany has increased the likelihood that parts will need to be replaced. However, the fact that fewer accidents are likely to occur due to carelessness because electronic assistance systems are increasingly offering drivers support in certain situations should lead to a reduction in the need for spare parts in the coming years. In the current year, the development of the exchange rate, among other things, is likely to limit export demand and thus have a negative impact on industry development.For the period up to 2029, IBISWorld forecasts only low average sales growth of 0.3% per year. Innovations and developments by industry players will increasingly find their way into all vehicle classes, which should have a positive impact on sales growth. In 2029, industry turnover is therefore expected to reach €95.5 billion. Suppliers with weak sales could be forced to exit the market in the coming years due to increased price pressure. The number of employees and companies in the sector is expected to stagnate or decline slightly over the next five years.

Trends and Insights

  • In the automotive sector, industry activities are increasingly focussing on electronic and electrical equipment elements. The research efforts of industry players are focussed on developments such as autonomous driving and electric drives as well as the increasing connectivity of vehicles.
  • The demand for electrical and electronic equipment is increasing. However, companies in the sector are facing growing competitive pressure from foreign suppliers in this segment.
  • The sector companies prefer to settle in economically strong and densely populated regions. In addition to the Rhine-Ruhr metropolitan region, this also applies in particular to the conurbations around Stuttgart, Ingolstadt and Munich.
  • Imports represent a significant alternative to domestically manufactured products. Foreign producers often benefit from lower manufacturing costs, which is why they can often offer their products at more favourable prices than domestic manufacturers.

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  • Critical performance data and rankings
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has declined at a CAGR of 0.9 % over the past five years, to reach an estimated €94.1bn in 2024.

Trends and Insights

The automotive industry has experienced major upheavals in recent years

  • Many car manufacturers, as well as some suppliers, have relocated production facilities to the important sales markets of China and the USA in recent years. This is having a negative impact on industry turnover.
  • Additional trends and insights available with purchase
Motor Vehicle Parts & Accessories Manufacturing in Germany
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Electrification, digitalisation and autonomous driving are influencing automotive suppliers

  • From 2035, only climate-neutral passenger cars and light commercial vehicles may be newly registered in the European Union. According to the current state of technology, this should primarily promote the production of purely battery-electric vehicles.

Biggest companies in the Motor Vehicle Parts & Accessories Manufacturing in Germany

Company
Market Share (%)
2024
Revenue (€m)
2024
Robert Bosch GmbH
11,636.8
ZF Friedrichshafen AG
8,183.4
Continental AG
4,152.6

To view the market share and analysis for all 4 top companies in this industry, view purchase options.

Products & Services Segmentation

Motor Vehicle Parts & Accessories Manufacturing in Germany
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Body parts and body accessories, Manual gearboxes and clutches and Brakes, wheels and suspension systems. Body parts and body accessories is the largest segment of the Motor Vehicle Parts & Accessories Manufacturing in Germany.

Trends and Insights

Body parts and accessories are the strongest-selling segment in the industry

  • The products in this segment include bumpers, towbars, car roof boxes, exhaust trims, mud flaps, tailgates and roof wind deflectors for cars and commercial vehicles. Body parts for cabs are also included.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Companies active in this sector manufacture electrical and electronic equipment and other safety accessories and parts for motor vehicles and car bodies. The product range includes alternators, spark plugs, brakes, wheels, seat belts and airbags. It does not include the manufacture of vehicle batteries, rubber products and tyres.

What's included in this industry?

Body parts and body accessoriesManual gearboxes and clutchesBrakes, wheels and suspension systemsElectrical and electronic equipmentMufflers, silencers and exhaust pipesSeats, seat belts and airbagsSteering wheels, steering columns and steering gears

Companies

Robert Bosch GmbHZF Friedrichshafen AGContinental AG

Purchase this report to view all 4 major companies in this industry.

Related Terms

AFTERMARKETINSOURCINGE-MOBILITY

Industry Code

WZ 2008

WZ 29.3 - Motor Vehicle Parts & Accessories Manufacturing in Germany

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

In the automotive sector, industry activities are increasingly focussing on electronic and electrical equipment elements. The research efforts of industry players are focusse...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

The demand for electrical and electronic equipment is increasing. However, companies in the sector are facing growing competitive pressure from foreign suppliers in this segm...

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024
  • International trade, including imports by country and exports by country

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services
  • Recent trends in import and export volumes, country of origin or destination, and expected future trends

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

The sector companies prefer to settle in economically strong and densely populated regions. In addition to the Rhine-Ruhr metropolitan region, this also applies in particular...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Imports represent a significant alternative to domestically manufactured products. Foreign producers often benefit from lower manufacturing costs, which is why they can often...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Market leader Bosch is expanding its expertise in the field of software development. Five AI Inc, a start-up for automated driving, has been acquired for this purpose.

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Robert Bosch GmbH's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of ZF Friedrichshafen AG's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Continental AG's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of revenue, market share and profit margin trend for one additional company

Detailed analysis

  • Description and key data for Robert Bosch GmbH, and factors influencing its performance in the industry
  • Description and key data for ZF Friedrichshafen AG, and factors influencing its performance in the industry
  • Description and key data for Continental AG, and factors influencing its performance in the industry
  • Description, key data and performance trends for one additional company

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The growth of the automotive manufacturing industry should boost demand. Car manufacturers are the most important buyers of industry products.

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The cost of materials is by far the largest cost item in the industry. The most important raw materials required include steel and aluminium, whose global market prices are s...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

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)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Motor Vehicle Parts & Accessories Manufacturing industry in Germany in 2024?

The market size of the Motor Vehicle Parts & Accessories Manufacturing industry in Germany is €94.1bn in 2024.

How many businesses are there in the Motor Vehicle Parts & Accessories Manufacturing in Germany industry in 2024?

There are 650 businesses in the Motor Vehicle Parts & Accessories Manufacturing industry in Germany, which has grown at a CAGR of 0.2 % between 2019 and 2024.

Has the Motor Vehicle Parts & Accessories Manufacturing industry in Germany grown or declined over the past 5 years?

The market size of the Motor Vehicle Parts & Accessories Manufacturing industry in Germany has been declining at a CAGR of 0.9 % between 2019 and 2024.

What is the forecast growth of the Motor Vehicle Parts & Accessories Manufacturing industry in Germany over the next 5 years?

Over the next five years, the Motor Vehicle Parts & Accessories Manufacturing industry in Germany is expected to grow.

What are the biggest companies in the Motor Vehicle Parts & Accessories Manufacturing market in Germany?

The biggest companies operating in the Motor Vehicle Parts & Accessories Manufacturing market in Germany are Robert Bosch GmbH, ZF Friedrichshafen AG and Continental AG

What does the Motor Vehicle Parts & Accessories Manufacturing in Germany include?

Body parts and body accessories and Manual gearboxes and clutches are part of the Motor Vehicle Parts & Accessories Manufacturing industry.

Which companies have the highest market share in the Motor Vehicle Parts & Accessories Manufacturing in Germany?

The company holding the most market share in Germany is Robert Bosch GmbH.

How competitive is the Motor Vehicle Parts & Accessories Manufacturing industry in Germany?

The level of competition is high and increasing in the Motor Vehicle Parts & Accessories Manufacturing industry in Germany.

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Competitors

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Complementors

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Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Germany include:

  • German Federal Statistics Office (Destatis)
  • European Statistics Office (Eurostat)
  • United Nations Comtrade

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.