In order to optimize resource allocation and meet the needs of professional division of labor, international large automobile manufacturers are gradually shifting from traditional production models to specialized production models that streamline institutions and focus on developing complete vehicle projects. Under the promotion of large automobile groups, many enterprises in the automotive parts industry have gradually separated from automobile manufacturers, and the automotive parts industry has gradually moved away from automobile manufacturers towards independence and specialization, presenting characteristics such as organizational grouping, supply systematization, and global operation.
A group of globally renowned automotive parts companies, represented by Bosch from Germany, with sales revenue exceeding tens of billions of dollars, have emerged in the automotive parts industry. These globally renowned automotive parts companies have strong capabilities and lead the development direction of the world's automotive parts industry.
According to the 2024 Global Top 100 Automotive Parts Suppliers list released by Automotive News, Bosch from Germany, ZF from Germany, Magna International from Canada, CATL from China, and Denso from Japan rank in the top five. The list is ranked based on the operating income of component suppliers in the automotive industry's supporting market in the previous year. The top five component suppliers on the 2024 list have sales exceeding 40 billion US dollars in the automotive industry's supporting market in 2023.
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