Global Automotive Original Equipment Manufacturer (OEMS) Market – Industry Trends and Forecast to 2030

Global Automotive Original Equipment Manufacturer (OEMS) Market, By Component (Body, Electrical and Electronics, Interior, Power-Train and Chassis, Others), Vehicle Type (Commercial Vehicles, Passenger Cars, Electric Vehicles), Distribution Channel (OEM Retailers, Wholesalers and Distributors) – Industry Trends and Forecast to 2030

Automotive Original Equipment Manufacturer (OEMS) Market Analysis and Size

The automotive original equipment manufacturer (OEMS) market has good potential and is anticipated to grow during the forecast period because of changes in the product offerings and technological innovations in the market. The OEM products are more costly as compared to the aftermarket components. The automaker will generally guarantee the compatibility and installation of the components. The OEM components are less complex for replacement. Moreover, the automotive original equipment manufacturers market is likely to grow due to increasing consumer concerns regarding safety in upcoming years.

Data Bridge Market Research analyses that the automotive original equipment manufacturer (OEMS) market was valued at USD 33.75 billion in 2022 and is expected to reach the value of USD 48.62 billion by 2030, at a CAGR of 4.67% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Automotive Original Equipment Manufacturer (OEMS) Market Scope and Segmentation

Market Definition

Automotive original equipment manufacturers (OEMS) are those manufacturers, developers and organizations focused on manufacturing devices or components used in vehicles. The devices or components these manufacturers form are of the finest quality and use the uppermost levels of raw materials. These parts are utilized in the manufacturing of vehicles during assembly.

Global Automotive Original Equipment Manufacturer (OEMS) Market Dynamics

Drivers

• Rising demand of automotive original equipment manufacturers (OEMS) in both passenger vehicles and commercial vehicles

The automotive original equipment manufacturers market is expected to witness higher growth due to increased demand for passenger and commercial vehicles. The need for original equipment manufacturing parts has become significant in passenger vehicles because there is a rise in the market for cars and the upsurge in usage of these vehicles globally.

• Increasing demand of high durability products

Those products that automotive original equipment manufacturers form are generally of good quality and more durable. For instance, when purchasing a spare tire, an original equipment manufacturer's tire is usually better than getting an aftermarket tire because one can be assured of the materials used in making these spare tire.

Opportunities

• Technological advancements

The automotive original equipment manufacturers market is anticipated to grow in the coming years. Rapid technological advancements have augmented demand for filters for diesel engine vehicles, and increased demand for automotive parts innovation and batteries with the help of experienced and qualified technical staff. There is a requirement for maintaining motor vehicles periodically. Lubrication, battery services, washing and tire are all the components that are available with the service providers. The rapid growth in technological advancements will be expected to create immense opportunities for market growth.

Restraints

• Limitations in automotive original equipment manufacturer (OEMs) market

The automotive original equipment manufacturer (OEMs) market has specific rules which are anticipated to hamper the potential growth of the market, such as the high cost of OEM components and parts, while the increase in the prevalence of counterfeit OEM products can challenge the marke growth in the forecast period.

This automotive original equipment manufacturer (OEMS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive original equipment manufacturer (OEMS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Automotive Original Equipment Manufacturer (OEMS) Market Scope

The automotive original equipment manufacturer (OEMS) market is segmented based on component, vehicle type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Body
• Electrical and Electronics
• Interior
• Power-Train and Chassis
• Others

 Vehicle Type

• Commercial Vehicles
• Passenger Cars
• Electric Vehicles

Distribution Channel

• OEM Retailers
• Wholesalers
• Distributors

Automotive Original Equipment Manufacturer (OEMS) Market Regional Analysis/Insights

The automotive original equipment manufacturer (OEMS) market is analyzed and market size insights and trends are provided by country, component, vehicle type and distribution channel as referenced above.

The countries covered in the automotive original equipment manufacturer (OEMS) market report are report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the revenue growth of the automotive original equipment manufacturer (OEMS) market. This is mainly due to the rapid increase in the sales of automobiles and huge demand for commercial vehicles and passenger cars outfitted with advanced brake technologies.

Asia-Pacific is projected to be the fastest developing region during the forecast period of 2023-2030 owing to the increase in automotive sales and the high demand for vehicles in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automotive Original Equipment Manufacturer (OEMS) Market Share Analysis

The automotive original equipment manufacturer (OEMS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive original equipment manufacturer (OEMS) market.

Some of the major players operating in the automotive original equipment manufacturer (OEMS) market are:

• TOYOTA MOTOR CORPORATION (Japan)
• Volkswagen AG (Germany)
• Nissan (Japan)
• Honda Motor Co., Ltd. (Japan)
• Magna International Inc. (Canada)
• Continental AG (Germany)
• Siemens (Germany)
• BMW (Germany)
• EXIDE INDUSTRIES LTD (India)
• DENSO Corporation (Germany)
• Robert Bosch, GMbH (Germany)
• Valeo (France)
• Ford Motor Company (U.S.)
• MITSUBISHI MOTORS CORPORATION (Japan)
• ZF Friedrichshafen AG (Germany)
• BorgWarner Inc. (U.S.)