Global Automotive Precision Parts Market Growth (Status and Outlook) 2025-2031

The global Automotive Precision Parts market size is predicted to grow from US$ 21310 million in 2025 to US$ 37880 million in 2031; it is expected to grow at a CAGR of 10.1% from 2025 to 2031.

Automotive Precision Parts are components that are manufactured with high accuracy and quality for various applications in the automotive industry. They can be made of different materials, such as metal, plastic, rubber, etc., and can have different shapes, sizes and functions. Some examples of Automotive Precision Parts are gears, bearings, seals, clips, screws, etc.

The market for automotive precision parts is expected to continue growing, driven by several factors:

Electrification: Electric vehicles (EVs) require precision components like electric motors, batteries, and power electronics.

Autonomous driving: Advanced driver assistance systems (ADAS) and fully autonomous vehicles rely on a multitude of precision sensors and actuators.

Lightweighting: Reducing vehicle weight to improve fuel efficiency and performance requires the use of lightweight, high-strength materials and precision manufacturing techniques.

Customization: The trend towards personalized vehicles is driving demand for more complex and customized components.

Regulatory pressures: Stricter emissions and safety regulations are leading to more sophisticated and precise components.

LPI (LP Information)' newest research report, the “Automotive Precision Parts Industry Forecast” looks at past sales and reviews total world Automotive Precision Parts sales in 2024, providing a comprehensive analysis by region and market sector of projected Automotive Precision Parts sales for 2025 through 2031. With Automotive Precision Parts sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Precision Parts industry.

This Insight Report provides a comprehensive analysis of the global Automotive Precision Parts landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Automotive Precision Parts portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Precision Parts market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Precision Parts and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Precision Parts.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Precision Parts market by product type, application, key players and key regions and countries.

Segmentation by Type:
Precision Gear
Precision Bearings
Precision Seals
Precision Screw
Others

Segmentation by Application:
Braking System
Ignition System
Steering System
Transmission System
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Shanghai Vico Precision Mold &Plastics
Bosch
Continental
ZF Friedrichshafen
Magna International
Aisin Seiki
Lear Corporation
Johnson Controls
Weichai Power
Zhejiang Yinlun Machinery
Ningbo Xusheng Group
Zhongding Group
Denso
KYB

Please note: The report will take approximately 2 business days to prepare and deliver. Show more