timothy.reck@a…
Fri, 06/21/2024 - 12:44
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The auto industry’s top global parts suppliers

See how the world’s biggest suppliers rank in global markets. Read our analysis and highlights.

Automotive News top 100 parts suppliers by OEM sales

Supplier Country Total global OE automotive parts sales (dollars in millions) 2023 Total global OE automotive parts sales (dollars in millions) 2022 Percent North America 2022 Percent Eurpoe 2022 Percent Asia 2022 Percent rest of world 2022
1. Bosch Group Germany $55,890 $50,456 17% 41% 40% 2%
2. ZF Friedrichshafen Germany $49,709 (f) $42,106 (f) 28% 44% 24% 4%
3. Magna International Inc. Canada $42,797 (f) $37,840 (f) 48% 38% 12% 1%
4. CATL China $41,365 (fe) $33,500 (fe) 10% 20% 70% -%
5. Denso Corp. Japan $40,723 (fe) $47,900 25% 10% 63% 2%
6. Hyundai Mobis South Korea $36,964 $32,192 15% 13% 68% 4%
7. Aisin Corp. Japan $32,698 $31,228 22% 8% 68% 3%
8. Continental Germany $28,743 (fe) $25,401 (fe) 27% 48% 21% 4%
9. Forvia France $28,310 (fe) $26,835 (fe) 24% 45% 28% 3%
10. Lear Corp. USA $23,467 (f) $20,892 (f) 40% 37% 19% 4%
f = fiscal year , fe = fiscal year estimate,
Source: Automotive News Research & Data Center

Top gainers

Biggest gains in year-over-year global OE automotive parts sales (dollars in millions)
  2023 2022 % change
SK On Co. $9,926 (e) $6,040 (e)
 
64.3
Motherson Group $17,675 (f) $12,302 (f)
 
43.7
Huizhou Desay SV Automotive $3,105 (f) $2,210 (f)
 
40.5
Zhejiang Sanhua Automotive Components $1,478 $1,091
 
35.5
Inteva Products $1,700 (fe) $1,293 (fe)
 
31.5

Top decliners

Biggest decliners in year-over-year global OE automotive parts sales (dollars in millions)
  2023 2022 % change
NSK Ltd. $2,169 (fe) $3,134 (fe)
 
30.8
BASF $15,300 (e) $19,500 (e)
 
21.5
Clarios $2,107 (fe) $2,625 (fe)
 
19.7
Denso Corp. $40,723 (fe) $47,900
 
15.0
Nifco $2,047 (fe) $2,193 (fe)
 
6.7
e = estimate, f = fiscal year, fe = fiscal year estimate
Source: Automotive News Research & Data Center

Top suppliers to North America

Magna International Inc.
 
$20,722 (f)
ZF North America Inc.
 
$13,968
Denso International America Inc.
 
$10,181 (e)
Robert Bosch
 
$9,613
Lear Corp.
 
$9,387

Top N.A.-based suppliers

Magna International Inc.
 
$42,797 (f)
Lear Corp.
 
$23,467
Adient
 
$15,395 (f)
BorgWarner Inc.
 
$14,198 (f)
Dana Inc.
 
$10,555
e = estimate, f = fiscal year, fe = fiscal year estimate
Source: Automotive News Research & Data Center

Top Europe-based suppliers

Bosch Group
 
$55,890
ZF Friedrichshafen
 
$49,709 (f)
Continental
 
$28,743 (f)
Forvia
 
$28,310 (e)
Valeo
 
$20,665

Top Asia-based suppliers

CATL
 
$41,365 (fe)
Denso Corp.
 
$40,723 (e)
Hyundai Mobis
 
$36,964
Aisin Corp.
 
$32,698
Sumitomo Electric Industries:
 
$17,952 (fe)
e = estimate, f = fiscal year, fe = fiscal year estimate
Source: Automotive News Research & Data Center