The rising need for electric vehicles and increased focus on customizable solutions is expected to drive the market at a CAGR of 4.3% from 2024 to 2032

Market Research Future (MRFR) has published a “Global Automotive OEM Market”

MRFR recognizes the following companies as the key players in the global automotive OEM market— Toyota Motor Corporation, Volkswagen AG, Nissan, Honda Motor Co., Magna International Inc., Continental AG, CIE automotive, Siemens, BMW AG., Exide Industries Limited, Denso Corp, Robert Bosch, GMbH., Valeo, Aptiv, Ford Motor Company., and Mitsubishi Motors Corp.

Market Highlights

The global automotive OEM market is accounted to register a CAGR of 4.3% during the forecast period and is estimated to reach USD 50.5 billion by 2032.

OEM coatings for the automobile industry play a crucial role. It protects you from the hazardous conditions outside. Automobile coatings are extremely high quality and long-lasting. The superior mechanical properties of automotive coatings protect vehicles from the damaging effects of chemicals and cosmetic flaws. Car interior coatings improve the look and feel of the surface, creating an atmosphere of refined comfort.

Lightweight, fuel-efficient original equipment (OEM) parts will be more demanded as countries adopt stricter fuel efficiency rules. The rising need for lightweight, energy-saving components will propel the market forward. The increasing disposable income in emerging countries and the government's varied efforts to use innovative items to minimize pollution are expected to boost the market throughout the forecast period. Furthermore, the market for original automotive equipment manufacturers is expected to grow due to the rising demand for luxury and hybrid automobiles in developing nations.

Segment Analysis

The global automotive OEM market has been segmented into component, vehicle type, and distribution channel.

Based on component, the market is segmented into powertrain, chassis, electronics and electrical, external body, and car interiors. The powertrain segment was attributed to holding the largest market share in 2024.

Based on vehicle type, the market is segmented into commercial vehicles, passenger cars, and electric cars. The commercial vehicle was attributed to holding the largest market share in 2024.

Based on distribution channel, the global automotive oem market has been segmented into retailers, wholesalers, and distributors. The retailers segment was expected to hold the largest market share in 2024.

Regional Analysis

The global automotive OEM market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe automotive OEM market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The automotive OEM market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia-Pacific. The Rest of the World automotive OEM market comprises of Middle East, Africa, and Latin America.

The North American regional sector maintained the largest market share for automotive OEM. The market for products and services related to this sector is growing due to technological improvements. Manufacturing high-performance automobiles is another important factor that greatly helps expand this nation's market. Additionally, the advent of automatic vehicles is improving the regional market for original equipment manufacturers in the automobile industry.

Moreover, the Europe market has been persistently growing over the forecast period. The persistent increase in the number of people finding work throughout Europe is one of the primary factors contributing to the region's flourishing market. Germany has taken the lead among all of the countries. The GDP of the people is being artificially inflated due to many factors. As people's discretionary spending power has increased, so has the demand for and supply of motor vehicles. This significantly contributes to the expansion of Europe's original equipment manufacturer sector.

The market for automotive original equipment manufacturers in Korea is predicted to grow thanks to rising environmental awareness and the creation of cleaner automobiles with sustainable fuels. It is anticipated that good government policies will further provide chances for leaders in the sector. This will widen the growth of the market in Asia Pacific.

Furthermore, the rest of the world's automotive OEM market is divided into the Middle East, Africa, and Latin America. The wide base of customers prefers personal cars with high-tech solutions for availing the lower premium rate across Japan. This factor is expected to propel the country's market growth of automotive OEMs.

Key Findings of the Study

• The global automotive OEM market is expected to reach USD 50.5 billion by 2032, at a CAGR of 4.3% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market as it is anticipated that the focus of well-known businesses on reducing carbon emissions would, over the course of the forthcoming years, lead to an increase in the revenue shares of the market.


• Based on components, the powertrain segment was attributed to holding the largest market in 2024, with an approximate market share of 30-35%.


• Toyota Motor Corporation, Volkswagen AG, Nissan, Honda Motor Co., Magna International Inc., Continental AG, CIE automotive, Siemens, BMW AG., Exide Industries Limited, Denso Corp, Robert Bosch, GMbH., Valeo, Aptiv, Ford Motor Company., and Mitsubishi Motors Corp.