[Ranking] TOP 25 Auto Parts / Transportation Companies Q3/2023
Intro
The auto parts industry is a critical component of the worldwide economy, supplying the necessary components and accessories to keep vehicles running smoothly. As a sub-industry of the larger transportation sector, auto parts play a vital role in ensuring the efficient operation of cars, trucks, and other vehicles. Without the innovative solutions and dependable products provided by this industry, the transportation sector would face significant challenges in maintaining its operations.
The influence of the auto parts industry extends far beyond the transportation sector. Its ripple effects can be seen across diverse sectors, including manufacturing, logistics, and even technology. The reliability and quality of auto parts impact the overall performance and safety of vehicles, making it an essential industry for the success of various sectors that rely on transportation.
With the increasing global demand for automobiles, the auto parts industry has experienced substantial growth in recent years. The economic magnitude of this industry is significant, as it generates billions of dollars in revenue annually. Moreover, the industry is expected to continue its upward trajectory, driven by advancements in technology, changing consumer preferences, and the need for sustainable transportation solutions.
Innovation and technological advancements are shaping the auto parts industry, leading to breakthroughs in safety, efficiency, and sustainability. Companies are investing heavily in research and development to meet the evolving demands of the market. However, the industry also faces obstacles such as supply chain disruptions, increasing raw material costs, and regulatory challenges. Overcoming these obstacles is crucial for the continued growth and success of the industry.
The auto parts industry is a dynamic and ever-changing landscape. New players enter the market, existing companies merge or acquire others, and disruptive technologies reshape the industry. Staying competitive in this rapidly evolving environment requires companies to adapt to emerging trends and embrace innovation. Exploring the leading companies in this industry provides valuable insights into the strategies and practices that drive success in the auto parts sector.
Ranking
#25 Nexteer Automotive Group Limited
Employees: 12K
Revenue: 1.5B$
Website: https://www.nexteer.com
Description: Nexteer Automotive Group Limited, headquartered in Auburn Hills, United States, is a leading player in the Auto Parts industry. Founded in 2009, the company operates globally and specializes in the design and manufacturing of advanced steering and driveline systems. With a workforce of approximately 12,000 employees, Nexteer Automotive is committed to delivering innovative solutions that enhance vehicle performance, safety, and efficiency. The company's revenue stands at 1.5 billion US dollars, reflecting its strong market presence and successful business operations. Nexteer Automotive continues to drive the future of transportation by providing cutting-edge technologies and collaborating with major vehicle manufacturers worldwide.
#24 Visteon Corporation
Employees: 10.5K
Revenue: 3.2B$
Website: https://www.visteon.com
Description: Visteon Corporation, headquartered in Van Buren Township, United States, is a leading player in the Auto Parts industry. Founded in 2000, the company has established itself as a global leader in automotive electronics and connected car solutions. With approximately 10,500 employees, Visteon provides innovative products and services to major automakers worldwide. The company's revenue reached 3.2 billion dollars, demonstrating its strong market presence. Visteon focuses on developing advanced technologies such as digital clusters, infotainment systems, and vehicle cockpit electronics, enabling seamless integration of software and hardware. Through its cutting-edge solutions, Visteon aims to enhance the driving experience and shape the future of mobility.
#23 Calsonic Kansei Corporation
Employees: 25K
Revenue: 4.5B$
Website: https://www.calsonickansei.co.jp/en/
Description: Calsonic Kansei Corporation, headquartered in Yokohama, Japan, is a leading player in the Auto Parts industry. Established in 1938, the company has a workforce of approximately 25,000 employees. With a revenue of 4.5 billion dollars, Calsonic Kansei specializes in the design, development, and manufacturing of a wide range of automotive components and systems. Their extensive product portfolio includes air conditioning systems, exhaust systems, electronics, and more, catering to the transportation sector. The company's commitment to innovation and quality has made them a trusted partner for major automotive manufacturers worldwide. Calsonic Kansei Corporation continues to drive advancements in the Auto Parts industry, contributing to the growth and efficiency of the transportation sector.
#22 Brose Fahrzeugteile GmbH & Co. KG
Employees: 26K
Revenue: 4.7B$
Website: https://www.brose.com/
Description: Brose Fahrzeugteile GmbH & Co. KG is a leading company in the Auto Parts industry. Headquartered in Coburg, Germany, the company has a rich history dating back to its founding in 1908. With a workforce of approximately 26,000 employees, Brose Fahrzeugteile is dedicated to providing innovative automotive solutions. The company's revenue stands at an impressive 4.7 billion dollars. Brose Fahrzeugteile specializes in the development and production of mechatronic systems and electric drives for vehicle doors, seats, and body components. Their cutting-edge technology and commitment to quality have established them as a trusted partner for well-known automakers worldwide.
#21 JTEKT Corporation
Employees: 46K
Revenue: 7.8B$
Website: https://www.jtekt.co.jp/e/
Description: JTEKT Corporation, headquartered in Nagoya, Japan, is a leading player in the Auto Parts industry. With a rich history dating back to 1935, JTEKT has established itself as a trusted manufacturer and supplier of various automotive components. The company boasts a workforce of around 46,000 dedicated employees who contribute to its success. JTEKT focuses on producing high-quality auto parts such as steering systems, driveline components, bearings, and machine tools. Their innovative solutions and commitment to precision have earned them a strong reputation in the transportation sector. With an impressive revenue of 7.8 billion dollars, JTEKT continues to make significant contributions to the automotive industry, ensuring safer and more efficient vehicles for consumers worldwide.
#20 Autoliv, Inc.
Employees: 67K
Revenue: 8.2B$
Website: https://www.autoliv.com
Description: Autoliv, Inc. is a leading supplier of automotive safety systems operating in the auto parts industry. With its headquarters in Stockholm, Sweden, Autoliv has a strong presence in North America. The company was founded in 1953 and has grown to employ approximately 67,000 individuals globally. Autoliv specializes in the development and manufacturing of safety systems such as airbags, seatbelts, and steering wheels for various automakers. The company's focus on innovation and commitment to safety has made it a trusted partner in the transportation industry. Autoliv generates an impressive annual revenue of 8.2 billion dollars, solidifying its position as a key player in the auto parts sector.
#19 Hyundai Mobis Co., Ltd.
Employees: 30K
Revenue: 8.2B$
Website: https://www.mobis.co.kr/
Description: Hyundai Mobis Co., Ltd. is a leading company in the Auto Parts industry, operating in South Korea. With its headquarters in Seoul, the company was founded in 1977. Hyundai Mobis has a workforce of approximately 30,000 employees. The company generates an impressive revenue of 8.2 billion USD. Hyundai Mobis specializes in the design, development, and production of various auto parts, catering to the transportation industry. They are committed to providing high-quality products that enhance the performance, safety, and comfort of vehicles. With their extensive expertise and innovative approach, Hyundai Mobis continues to be a major player in the auto parts sector.
#18 Gestamp Automoci贸n, S.A.
Employees: 41K
Revenue: 8.9B$
Website: https://www.gestamp.com/
Description: Gestamp Automoci贸n, S.A., headquartered in Madrid, Spain, is a leading company in the Auto Parts industry. Founded in 1997, Gestamp has established itself as a global player in the transportation sector. With a workforce of approximately 41,000 employees, the company operates numerous manufacturing facilities worldwide. Gestamp specializes in the design, development, and production of metal components and assemblies for the automotive industry. Their innovative solutions include body-in-white, chassis, and mechanisms, as well as stamping and other related processes. With a revenue of 8.9 billion USD, Gestamp continues to strengthen its position as a key supplier to major automakers, offering high-quality products and contributing to the advancement of the transportation industry.
#17 Mahle GmbH
Employees: 80K
Revenue: 10B$
Website: https://www.mahle.com
Description: Mahle GmbH, headquartered in Stuttgart, Germany, is a leading player in the Auto Parts industry. With a history dating back to 1920, the company has established itself as a global powerhouse in the transportation sector. Mahle specializes in the development, production, and distribution of automotive parts and systems, catering to a wide range of vehicles including cars, motorcycles, and heavy-duty machinery. Their innovative solutions encompass engine components, filtration systems, thermal management systems, and electric powertrain technologies. With a workforce of approximately 80,000 employees, Mahle operates on a global scale, delivering high-quality products to customers worldwide. In addition to their commitment to excellence, Mahle strives to promote sustainability and environmental responsibility through their cutting-edge solutions.
#16 BorgWarner Inc.
Employees: 30K
Revenue: 10B$
Website: https://www.borgwarner.com/
Description: BorgWarner Inc., headquartered in Auburn Hills, United States, is a leading global supplier of auto parts in the Transportation industry. Founded in 1928, the company has grown to become a major player in the sector. With approximately 30,000 employees worldwide, BorgWarner operates in various segments of the auto parts market, including powertrain systems and components. The company is renowned for its innovative technologies and solutions that enhance fuel efficiency, reduce emissions, and improve vehicle performance. With annual revenues of around 10 billion dollars, BorgWarner continues to be a trusted partner for automotive manufacturers, providing them with high-quality products and advanced systems to meet the demands of the ever-evolving transportation industry.
#15 GKN Plc
Employees: 58K
Revenue: 10.2B$
Website: https://www.gkn.com/
Description: GKN Plc, headquartered in Redditch, United Kingdom, is a leading player in the Auto Parts industry. With a rich history dating back to 1759, the company has established itself as a trusted supplier of automotive components and systems. GKN Plc employs approximately 58,000 employees globally, making it a significant contributor to the transportation sector. The company generates an impressive revenue of 10.2 billion dollars, showcasing its strong market presence and financial performance. GKN Plc's commitment to innovation and quality has enabled it to deliver cutting-edge solutions to automakers, enhancing vehicle performance, safety, and efficiency. With its extensive range of products and services, GKN Plc continues to play a pivotal role in shaping the future of the auto parts industry.
#14 Valeo SA
Employees: 115K
Revenue: 17.7B$
Website: https://www.valeo.com/
Description: Valeo SA, headquartered in Paris, France, is a leading global player in the Auto Parts industry. Founded in 1923, the company has grown to become a major supplier of automotive parts and technology. With a workforce of approximately 115,000 employees, Valeo operates in multiple countries, serving both original equipment manufacturers (OEMs) and the aftermarket. The company specializes in providing innovative solutions in areas such as powertrain systems, thermal systems, visibility systems, and autonomous driving. Valeo's revenue reached 17.7 billion dollars, making it one of the largest players in the industry. With its commitment to research and development, Valeo continues to drive advancements in the transportation sector, contributing to the evolution of the automotive industry.
#13 Faurecia SA
Employees: 110K
Revenue: 18.7B$
Website: https://www.faurecia.com
Description: Faurecia SA is a leading company in the Auto Parts industry. Headquartered in Nanterre, France, the company operates in Europe. Founded in 1997, Faurecia has grown to become a major player in the industry. With a workforce of approximately 110,000 employees, the company is known for its expertise in automotive seating, interior systems, and emissions control technologies. Faurecia's revenue stands at an impressive 18.7 billion dollars, making it one of the key revenue generators in the Auto Parts sector. The company's commitment to innovation and sustainability has positioned it as a trusted partner for automakers worldwide.
#12 Eaton Corporation
Employees: 92K
Revenue: 21.4B$
Website: https://www.eaton.com
Description: Eaton Corporation, headquartered in Cleveland, Ohio, is a leading player in the Auto Parts industry. With a history dating back to 1911, the company has established itself as a trusted provider of innovative solutions for the transportation sector. Eaton serves as a key supplier of auto parts to various manufacturers, offering a wide range of products such as electrical components, powertrain systems, and advanced vehicle technologies. With a workforce of approximately 92,000 employees, Eaton operates globally to meet the demands of the ever-evolving automotive market. The company has achieved significant revenue growth, generating around 21.4 billion dollars annually. Eaton's commitment to excellence and its focus on sustainability make it a prominent player in the Auto Parts industry.
#11 Lear Corporation
Employees: 165K
Revenue: 22.9B$
Website: https://www.lear.com
Description: Lear Corporation is a leading auto parts supplier in the transportation industry. Headquartered in Southfield, United States, the company operates primarily in North America. Founded in 1917, Lear has a long history of providing innovative and high-quality automotive seating and electrical systems. With a workforce of approximately 165,000 employees, Lear is known for its commitment to excellence and customer satisfaction. The company's revenue reached 22.9 billion dollars, solidifying its position as a major player in the auto parts market. Lear Corporation continues to drive innovation and shape the future of the transportation industry with its advanced technologies and solutions.
#10 Aisin Seiki Co., Ltd.
Employees: 120K
Revenue: 30B$
Website: https://www.aisinseiki.com
Description: Aisin Seiki Co., Ltd., headquartered in Kariya, Japan, is a leading company in the Auto Parts industry. With over 70 years of experience, the company has established itself as a key player in providing high-quality automotive components. Aisin Seiki specializes in the development and manufacturing of a wide range of products including drivetrain, body, brake, engine, and chassis systems. The company's commitment to innovation and precision engineering has made it a trusted partner for major automotive manufacturers worldwide. With a workforce of approximately 120,000 employees, Aisin Seiki generates an impressive revenue of 30 billion dollars annually, solidifying its position as a major player in the transportation industry.
#9 ZF Friedrichshafen AG
Employees: 160K
Revenue: 36B$
Website: https://www.zf.com
Description: ZF Friedrichshafen AG is a leading global supplier of auto parts in the transportation industry. Headquartered in Friedrichshafen, Germany, the company has a rich history dating back to its founding in 1915. With approximately 160,000 employees worldwide, ZF Friedrichshafen AG operates in various segments of the auto parts industry, including driveline and chassis technology, as well as active and passive safety technology. The company's products range from transmissions and axles to steering systems and electronic components, catering to both passenger cars and commercial vehicles. ZF Friedrichshafen AG has achieved significant revenue growth, with reported revenues of 36 billion dollars. With a strong focus on innovation and sustainability, the company continues to play a vital role in shaping the future of the transportation industry.
#8 Yazaki Corporation
Employees: 290K
Revenue: 36.6B$
Website: https://www.yazaki-group.com/
Description: Yazaki Corporation, headquartered in Tokyo, Japan, is a leading player in the Auto Parts industry. Founded in 1941, the company has established itself as a prominent manufacturer and supplier of automotive components. With a workforce of approximately 290,000 employees, Yazaki operates globally, catering to the transportation sector's needs. The company specializes in producing electrical distribution systems, wiring harnesses, and other innovative solutions that enhance the performance and efficiency of vehicles. Yazaki's commitment to quality and innovation has enabled it to generate significant revenue, with an estimated annual revenue of 36.6 billion dollars. As a key player in the Auto Parts industry, Yazaki continues to contribute to the advancement of transportation technology worldwide.
#7 Mitsubishi Electric Corporation
Employees: 150K
Revenue: 40B$
Website: https://www.mitsubishielectric.com/
Description: Mitsubishi Electric Corporation, headquartered in Tokyo, Japan, is a leading player in the Auto Parts industry. With a history dating back to 1921, the company has established itself as a reliable and innovative provider of automotive components. Mitsubishi Electric Corporation boasts a workforce of approximately 150,000 employees worldwide, who are dedicated to delivering high-quality products and services to their customers. The company specializes in manufacturing a wide range of auto parts, including electrical components, air conditioning systems, and automotive equipment. With a strong focus on research and development, Mitsubishi Electric Corporation continuously strives to improve its products and contribute to the advancement of the transportation industry. With an impressive annual revenue of 40 billion dollars, the company has successfully positioned itself as a key player in the Auto Parts sector.
#6 Magna International Inc.
Employees: 168K
Revenue: 40B$
Website: https://www.magna.com
Description: Magna International Inc. is a leading global automotive supplier operating in the Auto Parts industry. Headquartered in Aurora, Canada, Magna specializes in the design, development, and manufacturing of automotive systems, assemblies, modules, and components. With a rich history dating back to 1957, Magna has evolved to become a top-tier supplier to major automakers worldwide. The company's extensive product portfolio includes body exteriors, power and vision systems, seating systems, and complete vehicle solutions. Employing approximately 168,000 individuals across its global operations, Magna is committed to delivering innovative solutions that enhance vehicle performance, safety, and sustainability. With annual revenues of around 40 billion dollars, Magna continues to be a trusted partner in the transportation industry, driving advancements in mobility and shaping the future of automotive technology.
#5 ThyssenKrupp AG
Employees: 160K
Revenue: 42B$
Website: https://www.thyssenkrupp.com/en/
Description: ThyssenKrupp AG, headquartered in Essen, Germany, is a leading player in the Auto Parts industry. With a rich history dating back to 1999, the company has established itself as a key supplier in the transportation sector. Employing approximately 160,000 individuals worldwide, ThyssenKrupp AG operates on a massive scale, contributing significantly to the industry's growth and development. The company's revenue stands at an impressive 42 billion dollars, showcasing its strong market presence. ThyssenKrupp AG continues to innovate and provide top-quality auto parts, ensuring the smooth functioning of vehicles and driving the advancement of the transportation industry as a whole.
#4 Sumitomo Electric Industries, Ltd.
Employees: 270K
Revenue: 42B$
Website: https://global-sei.com
Description: Sumitomo Electric Industries, Ltd. is a leading company in the Auto Parts industry, operating in Japan. With its headquarters in Osaka, the company was founded in 1897. Sumitomo Electric Industries has a workforce of approximately 270,000 employees. The company generates an impressive revenue of 42 billion dollars. Sumitomo Electric Industries specializes in the manufacturing of a wide range of auto parts, serving the transportation sector. They provide innovative solutions such as wiring harnesses, electric power steering systems, and automotive lithium-ion batteries. With their expertise and commitment to quality, Sumitomo Electric Industries continues to play a crucial role in the auto parts industry, contributing to the development of efficient and sustainable transportation solutions.
#3 Continental AG
Employees: 240K
Revenue: 44B$
Website: https://www.continental.com
Description: Continental AG is a leading global provider of auto parts, operating in the transportation industry. Headquartered in Hanover, Germany, the company has a rich history dating back to its founding in 1871. With approximately 240,000 employees worldwide, Continental AG is a major player in the auto parts sector. The company's revenue stands at 44 billion dollars, showcasing its significant market presence. Continental AG specializes in the manufacturing of various automotive components, including tires, brake systems, powertrain systems, and interior electronics. Their innovative solutions and high-quality products make them a trusted partner for vehicle manufacturers around the globe.
#2 Denso Corporation
Employees: 170K
Revenue: 48B$
Website: https://www.denso.com
Description: Denso Corporation, headquartered in Kariya, Japan, is a leading player in the auto parts industry. Founded in 1949, Denso specializes in the development, manufacture, and sale of automotive components and systems. With a workforce of approximately 170,000 employees, Denso operates globally, providing innovative solutions for various automotive applications. The company's products include electrical systems, powertrain systems, electronics, and thermal systems, contributing to the overall performance and efficiency of vehicles. Denso's commitment to technological advancement and sustainability has positioned them as a trusted partner for major automobile manufacturers worldwide. With an annual revenue of 48 billion dollars, Denso continues to drive the evolution of transportation through its cutting-edge solutions and dedication to quality.
#1 Robert Bosch GmbH
Employees: 410K
Revenue: 77.7B$
Website: https://www.bosch.com/
Description: Robert Bosch GmbH, headquartered in Gerlingen, Germany, is a leading player in the Auto Parts industry. Founded in 1886, Bosch has established itself as a trusted provider of automotive solutions. With a workforce of approximately 410,000 employees, the company operates globally, catering to the transportation sector's needs. Bosch offers a wide range of auto parts, including braking systems, fuel injection technology, electrical components, and software solutions. The company's commitment to innovation and sustainable practices has allowed it to maintain its position as a key player in the industry. With a revenue of 77.7 billion USD, Bosch continues to drive advancements in the transportation sector, contributing to the development of safer and more efficient vehicles.
Summary
The auto parts sub-industry within the transportation sector has seen significant growth in recent years, with several companies emerging as leaders in the field. These companies have achieved impressive rankings and have made notable accomplishments in terms of revenue, innovation, and market share.
One unexpected finding from the analysis is the increasing dominance of tech companies in the auto parts sector. Traditionally, this industry has been dominated by traditional manufacturing companies, but technology giants like Alphabet Inc. and Apple Inc. have made significant investments in autonomous driving technology and are now major players in the auto parts market.
Among the premier companies in the auto parts sub-industry are Bosch, Continental, and Denso. Bosch is a global leader in automotive technology and supplies a wide range of auto parts, including sensors, fuel systems, and electrical components. Continental specializes in automotive powertrain components and systems, while Denso is known for its expertise in automotive electronics and electrical systems.
One shared element among these top companies is their focus on innovation and research and development. They invest heavily in developing new technologies and solutions that improve vehicle performance, safety, and efficiency. Additionally, these leading firms have established strong partnerships with automakers to ensure their products are integrated seamlessly into vehicles.
What sets these eminent companies apart from their industry rivals is their ability to adapt to changing market trends and customer demands. They have successfully embraced emerging technologies like electric and autonomous vehicles, and have positioned themselves as key suppliers of components and systems for these vehicles. Furthermore, they have a strong global presence, with extensive manufacturing and distribution networks that enable them to serve customers around the world.