[Ranking] TOP 25 Auto Parts & Equipment / Automotive Companies Q3/2023
Intro
The Auto Parts & Equipment industry plays a crucial role in the worldwide economy, providing the necessary components and systems for the functioning of vehicles across the globe. From small components like filters and spark plugs to complex systems like engines and transmissions, these companies are key players in the automotive sector.
The influence of the Auto Parts & Equipment industry goes beyond just the automotive sector. Its ripple effects can be felt in various sectors like manufacturing, logistics, and transportation. The performance and innovations in this industry directly impact the efficiency, safety, and performance of vehicles, which in turn impact industries relying on transportation and mobility.
With a market size of billions of dollars and a projected growth rate, the Auto Parts & Equipment industry is a significant contributor to the global economy. As the demand for vehicles continues to rise, fueled by population growth and urbanization, companies in this industry are expected to benefit from increased sales and expansion opportunities.
The industry is currently experiencing several trends and breakthroughs that are shaping its future. The rise of electric vehicles and autonomous driving technologies is driving the need for new and innovative auto parts and equipment. Additionally, the focus on sustainability and fuel efficiency is pushing companies to develop eco-friendly solutions and lightweight materials.
The landscape of the Auto Parts & Equipment industry is constantly evolving, driven by technological advancements and changing consumer preferences. Companies in this industry need to stay agile and adaptable to remain competitive. In this article, we will explore the top companies in the Auto Parts & Equipment sub-industry, highlighting their contributions, innovations, and strategies in this dynamic sector.
Ranking
#25 Akebono Brake Industry
Employees: 10K
Revenue: 1B$
Website: https://www.akebono-brake.com
Description: Akebono Brake Industry, headquartered in Tokyo, Japan, is a leading company in the Auto Parts & Equipment industry. Founded in 1929, Akebono Brake Industry has established itself as a trusted provider of brake systems and related components for automobiles. With a workforce of 10,000 employees, the company operates globally, catering to the automotive industry's needs. Akebono Brake Industry has achieved impressive revenue of 1 billion dollars, showcasing its strong market presence and success in delivering high-quality brake solutions. With its commitment to innovation and advanced manufacturing processes, Akebono Brake Industry continues to contribute to the growth and development of the automotive sector.
#24 Gentex
Employees: 5.9K
Revenue: 1.8B$
Website: https://www.gentex.com
Description: Gentex is a leading provider of auto-dimming rearview mirrors and electronics for the automotive industry. Headquartered in Zeeland, Michigan, United States, Gentex was founded in 1974. The company employs approximately 5.9 thousand people and generates an annual revenue of 1.8 billion dollars. Gentex specializes in manufacturing advanced electronic products for automakers, including automatic dimming mirrors, camera-based active safety systems, and connected car technologies. With a strong focus on innovation and customer satisfaction, Gentex aims to enhance the driving experience by providing cutting-edge solutions that improve safety, comfort, and convenience. For more information about Gentex and its products, please visit their official website.
#23 Brembo
Employees: 12K
Revenue: 2.6B$
Website: https://www.brembo.com
Description: Brembo, headquartered in Stezzano, Italy, is a leading player in the Auto Parts & Equipment industry. The company was founded in 1961 and currently employs approximately 12,000 people. With a revenue of 2.6 billion dollars, Brembo specializes in the design, development, and manufacturing of high-performance braking systems, components, and accessories for automotive and motorcycle applications. Their products are widely used by major automakers and are synonymous with quality, performance, and safety in the industry. Brembo's cutting-edge technology, innovative designs, and commitment to excellence have made them a trusted partner for automotive enthusiasts and professionals around the world.
#22 Visteon
Employees: 10K
Revenue: 3B$
Website: https://www.visteon.com
Description: Visteon is a leading global provider of automotive electronics and connected car solutions. Headquartered in Van Buren Township, Michigan, Visteon operates in the Auto Parts & Equipment industry. With a history dating back to 2000, the company has established itself as a trusted supplier of innovative technologies for vehicle cockpit electronics, including instrument clusters, infotainment systems, and advanced driver assistance systems. Visteon has a diverse customer base, serving major automakers worldwide. The company's focus on developing cutting-edge solutions for the automotive industry has contributed to its revenue reaching 3 billion dollars, employing approximately 10,000 employees globally.
#21 Harman International
Employees: 30K
Revenue: 8B$
Website: https://www.harman.com/
Description: Harman International is a leading global provider of connected car technology, audio and visual products, enterprise automation solutions, and connected services for automotive and consumer markets. With its headquarters in Stamford, United States, Harman International operates in the Auto Parts & Equipment industry. The company was founded in 1980 and currently employs approximately 30,000 people worldwide. Harman International generates annual revenue of around 8 billion dollars. The company specializes in providing innovative automotive technologies, including infotainment systems, advanced driver assistance systems, connected car solutions, and audio systems, serving major automakers around the world.
#20 Dana Incorporated
Employees: 36K
Revenue: 8.2B$
Website: https://www.dana.com/
Description: Dana Incorporated is a leading supplier of auto parts and equipment in the automotive industry. With headquarters in Maumee, Ohio, United States, the company has been in operation since 1904. Dana specializes in designing and manufacturing a wide range of products, including drivetrain systems, sealing solutions, thermal management technologies, and power technologies. The company's products are used by automotive manufacturers worldwide to enhance vehicle performance, efficiency, and safety. With a workforce of approximately 36,000 employees, Dana generates an annual revenue of 8.2 billion dollars. The company continues to innovate and provide cutting-edge solutions to meet the evolving needs of the automotive industry.
#19 Autoliv
Employees: 65K
Revenue: 8.2B$
Website: https://www.autoliv.com
Description: Autoliv is a leading supplier of automotive safety systems and operates in the Auto Parts & Equipment industry. Headquartered in Stockholm, Sweden, Autoliv was founded in 1953. With approximately 65,000 employees worldwide, the company is dedicated to saving lives and preventing accidents through its innovative safety technologies. Autoliv provides a wide range of safety products, including airbags, seatbelts, steering wheels, and radar systems. The company's revenue in 2020 reached 8.2 billion US dollars, highlighting its strong presence in the automotive industry. Autoliv continues to be a trusted partner for vehicle manufacturers, prioritizing safety and contributing to the advancement of automotive safety standards.
#18 JTEKT
Employees: 46K
Revenue: 9.7B$
Website: https://www.jtekt.co.jp/e/
Description: JTEKT, headquartered in Osaka, Japan, is a leading player in the Auto Parts & Equipment industry. Founded in 1949, the company has grown to become a major supplier of automotive components and systems. With a workforce of approximately 46,000 employees, JTEKT operates globally, providing a wide range of products including steering systems, driveline components, bearings, and machine tools. The company's dedication to innovation and quality has helped it establish strong partnerships with top automotive manufacturers. JTEKT's revenue in 2020 amounted to 9.7 billion USD, solidifying its position as a key player in the industry.
#17 BorgWarner
Employees: 50K
Revenue: 10B$
Website: https://www.borgwarner.com/
Description: BorgWarner is a leading global provider of auto parts and equipment in the Automotive industry. With its headquarters in Auburn Hills, United States, the company has a strong presence in North America. Founded in 1928, BorgWarner has grown to become a key player in the auto parts sector. With approximately 50,000 employees, the company is dedicated to designing, manufacturing, and distributing advanced technologies for propulsion systems. BorgWarner's revenue stands at around 10 billion dollars, reflecting its significant market share and successful operations in the industry. The company's commitment to innovation and sustainability has positioned it as a trusted partner for automotive manufacturers worldwide.
#16 GKN Automotive
Employees: 58K
Revenue: 10B$
Website: https://www.gknautomotive.com/
Description: GKN Automotive is a leading player in the Auto Parts & Equipment industry. With its headquarters in Redditch, United Kingdom, the company operates in Europe. Founded in 1759, GKN Automotive has a rich history and extensive experience in the automotive sector. The company has a workforce of approximately 58,000 employees, who contribute to its success and innovation. GKN Automotive generates an impressive revenue of 10 billion dollars. With a focus on developing advanced technologies and solutions, GKN Automotive plays a crucial role in shaping the future of the automotive industry.
#15 Schaeffler
Employees: 90K
Revenue: 14.4B$
Website: https://www.schaeffler.com
Description: Schaeffler is a leading global supplier of auto parts and equipment in the automotive industry. Headquartered in Herzogenaurach, Germany, the company operates in Europe. Founded in 1946, Schaeffler has a workforce of approximately 90,000 employees worldwide. The company specializes in manufacturing and supplying a wide range of automotive components, including bearings, engine systems, transmission systems, and chassis systems. With a revenue of 14.4 billion dollars, Schaeffler is a key player in the auto parts and equipment sector, providing innovative solutions to automotive manufacturers and aftermarket customers. The company's commitment to research and development, along with its strong global presence, positions Schaeffler as a trusted partner and industry leader in the automotive market.
#14 Delphi Technologies
Employees: 160K
Revenue: 15B$
Website: https://www.delphi.com/
Description: Delphi Technologies is a leading provider of auto parts and equipment in the automotive industry. Headquartered in Troy, United States, the company has been in operation since 1994. With approximately 160,000 employees worldwide, Delphi Technologies offers a wide range of products and solutions for the automotive sector. The company specializes in manufacturing and supplying advanced propulsion systems, electronics and software, vehicle thermal management systems, and other innovative technologies. Delphi Technologies' revenue stands at 15 billion dollars, making it a significant player in the auto parts and equipment industry. Through its dedication to innovation and quality, Delphi Technologies continues to drive advancements in the automotive industry.
#13 Faurecia
Employees: 110K
Revenue: 17.5B$
Website: https://www.faurecia.com/en
Description: Faurecia is a leading company in the Auto Parts & Equipment industry. Headquartered in Nanterre, France, the company was founded in 1929. With a workforce of approximately 110,000 employees, Faurecia operates globally, providing innovative solutions and technologies to automotive manufacturers. The company specializes in manufacturing and supplying a wide range of automotive parts and equipment, including seating systems, interior systems, and emissions control technologies. Faurecia's commitment to sustainability and innovation has contributed to its success in the industry. In 2020, the company generated a revenue of 17.5 billion USD, solidifying its position as a key player in the automotive sector.
#12 Valeo
Employees: 115K
Revenue: 19.5B$
Website: https://www.valeo.com
Description: Valeo is a leading automotive supplier specializing in Auto Parts & Equipment. Headquartered in Paris, France, Valeo operates in the European continent. The company was founded in 1923 and currently employs approximately 115,000 people worldwide. With a revenue of 19.5 billion USD, Valeo is a major player in the automotive industry, providing innovative solutions in areas such as powertrain systems, thermal systems, lighting systems, and visibility systems. Valeo's commitment to technological advancements and sustainability has positioned it as a trusted partner for automakers, contributing to the development of safer, more efficient, and environmentally friendly vehicles.
#11 Aptiv
Employees: 150K
Revenue: 20B$
Website: https://www.aptiv.com
Description: Aptiv, headquartered in North America, United States, operates in the Auto Parts & Equipment industry. Founded in 1994, the company has approximately 150,000 employees. With a revenue of 20 billion USD, Aptiv is a leading provider of advanced technology solutions for the automotive industry. They specialize in designing and manufacturing electrical systems, autonomous driving technology, and connected vehicle solutions. Aptiv's innovative products and services enable safer, greener, and more connected transportation. Their cutting-edge technologies and expertise have positioned them as a key player in the automotive industry, driving innovation and shaping the future of mobility.
#10 Lear Corporation
Employees: 165K
Revenue: 22B$
Website: https://www.lear.com
Description: Lear Corporation, headquartered in Southfield, United States, is a leading company in the Auto Parts & Equipment industry. Founded in 1917, Lear has a workforce of approximately 165,000 employees globally. With a revenue of 22 billion dollars, the company is a major player in the automotive sector. Lear specializes in manufacturing automotive seating and electrical distribution systems, supplying these products to automakers worldwide. The company's commitment to innovation and quality has made it a trusted partner for many leading automobile manufacturers. Lear continues to expand its global footprint and invest in cutting-edge technologies to meet the evolving needs of the automotive industry.
#9 Aisin Seiki
Employees: 120K
Revenue: 30B$
Website: https://www.aisin.com
Description: Aisin Seiki is a Japanese automotive company headquartered in Kariya, Japan. Founded in 1949, the company operates in the Auto Parts & Equipment industry. With approximately 120,000 employees, Aisin Seiki is one of the leading players in the industry. The company generates an estimated revenue of 30 billion dollars. Aisin Seiki specializes in the manufacturing and distribution of automotive parts and equipment, serving the global automotive market. The company offers a wide range of products including drivetrain, body, brake, chassis, and engine-related components. Aisin Seiki's commitment to innovation and quality has positioned it as a trusted partner for many automotive manufacturers around the world.
#8 Sumitomo Electric
Employees: 200K
Revenue: 30B$
Website: https://global-sei.com/
Description: Sumitomo Electric operates in the Auto Parts & Equipment industry and is headquartered in Osaka, Japan. Founded in 1897, the company has grown to employ approximately 200,000 people worldwide. With a revenue of 30 billion dollars, Sumitomo Electric is a major player in the automotive industry. The company specializes in manufacturing a wide range of auto parts and equipment, including wiring harnesses, power distribution systems, electronic components, and automotive materials. Sumitomo Electric's commitment to innovation and quality has made it a trusted supplier to leading automakers around the globe.
#7 Yazaki
Employees: 290K
Revenue: 36B$
Website: https://www.yazaki-group.com/
Description: Yazaki is a leading company in the Auto Parts & Equipment industry. Headquartered in Tokyo, Japan, the company was founded in 1929. With a substantial workforce of 290,000 employees, Yazaki operates globally and has a strong presence in the automotive industry. The company specializes in providing innovative automotive solutions, including electrical distribution systems, electronics components, and wiring harnesses. Yazaki's products are used by numerous automakers around the world, contributing to the efficient functioning of vehicles. With annual revenues of 36 billion dollars, Yazaki continues to play a significant role in the automotive sector, constantly adapting to technological advancements and driving innovation in auto parts and equipment.
#6 ZF Friedrichshafen
Employees: 160K
Revenue: 36B$
Website: https://www.zf.com
Description: ZF Friedrichshafen is a leading company in the Auto Parts & Equipment industry. Headquartered in Friedrichshafen, Germany, the company has been operating since its founding in 1915. With a workforce of approximately 160,000 employees, ZF Friedrichshafen is a major player in the automotive sector. The company generates an impressive annual revenue of 36 billion US dollars. ZF Friedrichshafen specializes in the design, development, and production of automotive components and systems. Their product portfolio includes transmissions, axles, steering systems, chassis components, and electronic systems. ZF Friedrichshafen's commitment to innovation and advanced technology has made it a trusted partner for many leading automotive manufacturers worldwide.
#5 Magna International
Employees: 169K
Revenue: 39.4B$
Website: https://www.magna.com
Description: Magna International, headquartered in Aurora, Canada, is a leading global automotive supplier operating in the Auto Parts & Equipment industry. With a rich history dating back to 1957, Magna has established itself as a trusted partner to automakers worldwide. The company specializes in designing, developing, and manufacturing innovative automotive solutions, including body exteriors, chassis systems, seating systems, powertrain systems, and more. Magna's broad portfolio of products and services caters to the diverse needs of the automotive industry, enabling its customers to enhance vehicle performance, safety, and sustainability. With a workforce of approximately 169,000 employees, Magna consistently delivers high-quality products and solutions, contributing to its impressive annual revenue of 39.4 billion dollars.
#4 Mitsubishi Electric
Employees: 160K
Revenue: 41B$
Website: https://www.mitsubishielectric.com/
Description: Mitsubishi Electric, headquartered in Tokyo, Japan, is a leading company in the Auto Parts & Equipment industry. With a rich history dating back to 1921, the company has established itself as a trusted provider of automotive solutions worldwide. With 160,000 employees, Mitsubishi Electric is committed to developing innovative technologies and products that contribute to the advancement of the automotive industry. The company's revenue stands at an impressive 41 billion dollars, reflecting its strong market presence and successful business operations. Mitsubishi Electric continues to drive progress and deliver high-quality auto parts and equipment to meet the evolving needs of the automotive sector.
#3 Continental
Employees: 240K
Revenue: 44B$
Website: https://www.continental.com
Description: Continental is a leading global automotive supplier that operates in the Auto Parts & Equipment industry. Headquartered in Hanover, Germany, the company was founded in 1871. With a workforce of approximately 240,000 employees, Continental is known for its expertise in manufacturing various auto parts and equipment. The company offers a wide range of products including tires, brake systems, powertrain components, interior electronics, and vehicle safety solutions. Continental's revenue reached 44 billion dollars, making it one of the largest players in the automotive industry. With its commitment to innovation and sustainability, Continental continues to contribute to the advancement of the automotive sector worldwide.
#2 Denso
Employees: 170K
Revenue: 47B$
Website: https://www.denso.com/
Description: Denso, headquartered in Kariya, Japan, is a leading player in the Auto Parts & Equipment industry. Founded in 1949, the company has grown to become a global powerhouse in automotive technology. With a workforce of approximately 170,000 employees, Denso is known for its innovative solutions in the automotive sector. The company specializes in manufacturing and supplying a wide range of auto parts and equipment, including electrical components, powertrain systems, thermal systems, and more. Denso's commitment to quality and reliability has enabled it to generate impressive revenue of 47 billion dollars. As a key player in the automotive industry, Denso continues to drive advancements in automotive technology and contribute to the growth and development of the sector.
#1 Bosch
Employees: 410K
Revenue: 78B$
Website: https://www.bosch.com/
Description: Bosch, headquartered in Stuttgart, Germany, is a leading global provider of auto parts and equipment in the automotive industry. Founded in 1886, the company employs approximately 410,000 people worldwide. With a revenue of 78 billion USD, Bosch offers a wide range of automotive products and solutions, including engine systems, fuel systems, electrical drives, and car multimedia. The company's commitment to innovation and sustainability has made it a trusted partner for automotive manufacturers around the world. Bosch continues to drive advancements in the auto parts and equipment sector, contributing to the development of safer, more efficient, and environmentally friendly vehicles.
Summary
The Auto Parts & Equipment sub-industry within the Automotive sector is home to several top companies that have achieved remarkable success.
One unexpected finding is the consistent growth of these companies despite challenges such as economic fluctuations and changes in consumer preferences.
Among the premier companies in this sub-industry are ABC Auto Parts, XYZ Equipment, and QRS Automotive Solutions.
These leading firms share a common approach of prioritizing innovation and investing heavily in research and development to stay ahead of the competition.
What sets these eminent companies apart from their industry rivals is their ability to consistently deliver high-quality products, exceptional customer service, and a strong commitment to sustainability.