- The automotive OEM market is witnessing steady growth as manufacturers prioritize technological advancements and sustainable manufacturing methods to meet evolving customer demands and regulatory mandates
- OEMs are heavily investing in research and development to upgrade products with state-of-the-art electronics, lightweight materials, and networked automotive features to enhance product excellence and competitiveness
- Europe is dominating the revenue the automotive original equipment manufacturer (OEM) market with the largest revenue share of 42% in 2024, driven by rising automobile sales and robust demand for commercial and passenger vehicles equipped with advanced brake technologies
- Asia-Pacific is projected to be the fastest-growing region in the automotive original equipment manufacturer (OEM) market during the forecast period, fueled by rapid urbanization, increasing automotive sales, high demand for vehicles in the region, and the presence of significant players, particularly in countries such as China, India, Japan, and South Korea
- The power-train and chassis segment holds the largest market revenue share of 67.7% in 2024, driven by the essential role of powertrain systems in vehicle performance and significant OEM investments in developing internal powertrain technologies that reflect brand core intelligence
