Top companies in the automotive aftermarket include Bosch Group, Denso Corporation, Continental AG, Lear Corporation and ZF Friedrichshafen AG. Most automotive aftermarket companies are multibillion-dollar corporations with decades of expertise and a diverse portfolio of automobile parts brands. They have garnered millions of individual consumers worldwide.
In recent years, the global automotive aftermarket industry has witnessed multiple mergers and acquisitions. This has invariably led to improving the industry’s market emphasis and presence.
Overview of the Automotive Aftermarket Field
According to Grand View Research, the automotive aftermarket is vast and currently valued at $380 million. Admittedly, the global coronavirus pandemic has had an impact on automotive aftermarket companies. But recently, the industry is already beginning to recover as many consumers opted for aftermarket parts rather than investing in new, expensive vehicles.
Automotive aftermarket firms are progressively digitizing component supply sales and services, as well as distributing components abroad via online portals. Trends show that the use of digital solutions for marketing aftermarket parts will grow. This will ultimately push aftermarket parts suppliers to upgrade software and methods and make operations more efficient.
Types of Automotive Aftermarket Companies
There are several subsets of automotive aftermarket companies. These businesses are involved in a variety of activities related to aftermarket parts.
5 types of automotive aftermarket companies include:
1. Parts manufacturers and suppliers
These companies produce and sell replacement parts, performance parts, and accessories for vehicles.
2. Retailers
These companies sell aftermarket products to consumers. They include both brick-and-mortar stores and online retailers such as AutoZone, Advance Auto Parts, and Amazon.
3. Service providers
These companies provide repair, maintenance, and installation services for aftermarket parts.
4. Tuners and customizers
These companies modify vehicles for performance or aesthetic purposes. They may offer custom paint jobs, suspension upgrades, and engine tuning services.
5. Remanufacturers
These companies specialize in rebuilding and refurbishing used automotive parts such as engines, transmissions, and alternators.
Top 20 Automotive Aftermarket Companies
The automotive aftermarket industry is large, with various companies raking in huge revenue yearly.
The top 20 major companies in the automotive aftermarket include:
Bosch provides aftermarket and repair shops with spare parts and equipment, including diagnostic software and hardware. Globally, the organization also offers service training and partner programs. Mobility solutions are the company’s largest segment, accounting for 60% of annual revenues, thus positioning Bosch as a global leader in automotive aftermarket supply.
Bosch is a prominent provider of technology and services, with 394,500 workers and 440 businesses in 60 countries. Its business is divided into four segments: mobility solutions, industrial technology, consumer goods, and energy and building technology.
2. Denso Corporation
Size: 170,000 employees
Market Capitalization: ¥4.8 trillion
Headquarters: Kariya, Japan
CEO: Yasushi Matsui
Denso is a worldwide automotive supplier that provides enterprises all over the world with thermal, powertrain, mobility, electrification, and electronic systems. In terms of revenue, it is one of the main automobile components suppliers, with activities in four core areas. Namely, electrification, autonomous driving, connected driving, and factory automation
Denso has 170,000 employees and is present in 35 countries and territories. Since 1972, the firm has been a provider of aftermarket components for a wide range of vehicle makes and models.
3. Continental AG
Size: 165,000 employees
Market Capitalization: €23.8 billion
Headquarters: Hanover, Germany
CEO: Nikolai Setzer
Continental AG offers solutions such as advanced driver assistance systems (ADAS), hydraulic braking systems (HBS), and passive safety and sensorics (PSS). The company also creates vehicle networking and information systems for commercial vehicles and services (CVS), connected car networking (CCN), and human-machine interface (HMI).
Continental AG provides technology and solutions for automobiles and machinery with over 240,000 clients in 59 countries and regions.
4. Lear Corporation
Size: 165,000 employees
Market Capitalization: $12.04 billion
Headquarters: Southfield, Michigan, USA
CEO: Ray Scott
Lear Corporation is an American company that specializes in manufacturing automotive seating and electrical systems. The company is a leading supplier of automotive seating, supplying seats to companies like General Motors, Ford, BMW, and Volkswagen.
The company has operations in over 39 countries and employs approximately 165,000 people worldwide. In 2020, Lear Corporation reported sales of $18.6 billion and was ranked #147 on the Fortune 500 list of America’s largest corporations.
ZF Friedrichshafen AG is a multinational technology company that manufactures systems for passenger automobiles, commercial vehicles, and industrial applications. Vehicle motion control, integrated safety, automated driving, and electric mobility are its four business divisions.
Recently, the company purchased WABCO. This allowed it to expand its automotive products with the driveline, chassis, and safety technology solutions for trucks, buses, and movers. It employs 160,000 workers across 120 facilities in 40 countries, making it one of the world’s largest automotive aftermarket organizations.
6. Bridgestone Corporation
Size: 142,000 employees
Market Capitalization: ¥4.21 trillion
Headquarters: Tokyo, Japan
CEO: Shuichi Ishibashi
Bridgestone is a Japanese corporation that manufactures tires and other rubber goods. Bridgestone is well-known in the automotive aftermarket for its high-quality tires, which are used in a wide range of vehicles.
The firm has a global presence and a solid reputation for innovation and quality.
7. Aisin
Size: 121,000 employees
Market Capitalization: N/A
Headquarters: Kariya, Aichi, Japan
CEO: Kiyotaka Ise
Aisin Corporation is a Japanese corporation that develops and manufactures automotive components and systems. The company was founded in 1949 and had its headquarters in Takane, Fujii-Cho, Anjo, and Aichi, Japan.
Engines, gearboxes, bodies and chassis, spare components, and other auto parts are supplied by the company to several major OEMs. Aside from automotive equipment, Aisin also sells living and leisure products such as beds, cogeneration, and heat exchange systems.
8. Faurecia SA
Size: 114,000 employees
Market Capitalization: €13.15 billion
Headquarters: Nanterre, France.
CEO: Patrick Koller
Faurecia SA is a global automotive technology company based in France that specializes in the production of automotive components and systems.
It has a global presence with operations in more than 37 countries and over 300 manufacturing sites. The company is recognized as a leader in automotive innovation and has won numerous awards for its products and technologies.
9. Johnson Controls Inc.
Size: 105,000 employees
Market Capitalization: $51.52 billion
Headquarters: Cork, Ireland
CEO: George R. Oliver
Johnson Controls Inc. is a worldwide company that manufactures a variety of products, including automobile batteries, electronics, and HVAC systems.
Johnson Controls is well known in the automotive aftermarket for its battery products, which are utilized in a wide range of automobiles. The corporation has a global reach and has been in business for more than 130 years.
3M is a worldwide organization that provides products and services to both consumers and industrial enterprises. The company currently produces and distributes goods and materials to the automotive, construction, electronics, energy, and healthcare sector.
3M operates in 70 countries and distributes its goods in another 200. 3M’s transportation and electronics business area accounts for over a quarter of its annual revenue, totaling $9.6 billion in 2019. Its automotive aftermarket segment provides automotive goods such as abrasives, filtration, traffic and vehicle safety solutions, and collision repair.
11. Mahle GmbH
Size: 77,000 employees
Market Capitalization: N/A
Headquarters: Stuttgart, Germany
CEO: Jörg Stratmann
Mahle GmbH is a German company that specializes in the manufacturing of automotive parts and systems. Mahle is a leading supplier of engine components such as pistons, cylinder liners, and bearings.
The company has operations in over 30 countries and employs approximately 79,000 people worldwide. Recently, Mahle reported sales of €9.8 billion and was ranked #37 on the world’s largest automotive suppliers list by Automotive News.
12. Marelli
Size: 62,000 employees
Market Capitalization: N/A
Headquarters: Tokyo, Japan
CEO: Beda Bolzenius
Marelli was formed in 2019 by the merger of Calsonic Kansei and Magneti Marelli. MARELLI is an independent auto parts supplier whose parts and services section provides original components and spare parts to customers all over the world.
The new conglomerate boasts 62,000 employees, and 170 sites worldwide, with a presence in 24 countries.
13. Goodyear
Size: 62,000 employees
Market Capitalization: $5.8 billion
Headquarters: Akron, Ohio
CEO: Richard J. Kramer
This company is well known for its Goodyear brand tires, although it also manufactures Dunlop, Kelly, Fulda, Sava, and Debica tires. Goodyear also manufactures non-tire rubber goods and polymers.
Goodyear has 1,100 tire and vehicle repair facility locations worldwide, as well as 47 production plants. It also has commercial truck service and tire retreading facilities.
14. Cummins Inc.
Size: 61,600 employees
Market Capitalization: $43.25 billion
Headquarters: Columbus, Indiana, USA
CEO: Tom Linebarger
Cummins is an American corporation that manufactures diesel engines and other power solutions for a variety of uses, including the automobile sector.
Cummins is well-known in the automotive aftermarket for its high-quality engine components and power solutions, which are used in many cars.
Hella KGaA Hueck & Co. is a German firm specializing in manufacturing automotive lights and electronics. Among their offerings are headlights, taillights, interior lighting, and different electrical components like sensors, control units, and software.
Hella is a multinational company with a great reputation in the industry for innovation and quality.
16. Hyundai Mobis
Size: 38,000 employees
Market Capitalization: KRW 47.16 trillion
Headquarters: Seoul, South Korea
CEO: Lim Young-Deuk
Hyundai Mobis is a Hyundai Motor automobile parts affiliate and one of the world’s major parts-affiliated suppliers. Previously, the firm manufactured rail cars and military supplies, but it was split off to focus on auto parts.
The company has operations in over 30 countries and employs approximately 31,000 people worldwide. In 2020, Hyundai Mobis reported sales of KRW 35.4 trillion internationally recognized.
17. DRiV Incorporated (Tenneco)
Size: 29,000 employees
Market Capitalization: $3.1 billion
Headquarters: Chicago, Illinois
CEO: Brian Kesseler
Tenneco’s division into two independent companies resulted in the formation of DRiV Incorporated, a new automotive aftermarket firm.
DRiV is a global multi-line, multi-brand aftermarket supplier that serves clients in the aftermarket, light vehicle, marine, rail, and aerospace sectors. MOOG, Champion, Wagner, and Ferodo are among the brands sold by the firm.
18. Delphi Technologies (BorgWarner)
Size: 21,000 employees
Market Capitalization: N/A
Headquarters: Warwick, England
CEO: Richard F. Dauch
Delphi Technologies, which BorgWarner acquired in October 2020, is now the corporation’s aftermarket company. Delphi Technologies still retained its identity as an automotive aftermarket parts supplier, while BorgWarner offers OEM capabilities.
Delphi Technologies has approximately 2750 service locations spread across 150 countries. Its products include gasoline fuel systems, diesel fuel systems, maintenance solutions, engine management, and vehicle electronics.
19. Visteon Corporation
Size: 11,000 employees
Market Capitalization: $4.39 billion
Headquarters: Van Buren Township, Michigan, USA
CEO: Sachin Lawande
Visteon Corporation is an American company specializing in designing and manufacturing advanced automotive electronics and connected car solutions. The company also provides audio and climate control systems for the automotive industry.
The company has operations in over 25 countries and employs approximately 10,000 people worldwide. The company has amassed over $2.5 billion in total revenue and was ranked #92 on the world’s largest automotive aftermarket industry list.
Cooper is a prominent tire producer in North America and across the world, with facilities on three continents and global sales and distribution networks. It employs around 10,000 people and manufactures tires under the Cooper, Mastercraft, Dean, Starfire, Roadmaster, and Avon Tyres brand names.
Cooper’s major concentration is on passenger cars and light vehicle replacement tires. It also manufactures light trucks, medium trucks, motorcycles, and racing tires.
Table showing the top 20 companies in the automotive aftermarket field
Company
No. of Employees
Headquarters
Market Capitalization
The Bosch Group
394,500
Gerlingen, Germany
64.4 billion euros
Denso Corporation
170,000
Kariya, Japan
¥4.8 trillion
Continental AG
165,000
Hanover, Germany
€23.8 billion
Lear Corporation
165,000
Southfield, Michigan, USA
$12.04 billion
ZF Friedrichshafen AG
160,000
Friedrichshafen, Germany
€22.3 billion
Bridgestone Corporation
42,000
Tokyo, Japan
¥4.21 trillion
Aisin Corporation
121,000
Kariya, Aichi, Japan
N/A
Faurecia SA
114,000
Nanterre, France
€13.15 billion
Johnson Controls Inc
105,000
Cork, Ireland
$51.52 billion
3M
94,000
Saint Paul, Minnesota
$120.9 billion
Mahle GmbH
77,000
Stuttgart, Germany
N/A
Marelli
62,000
Tokyo, Japan
N/A
Goodyear
62,000
Akron, Ohio
$5.8 billion
Cummins
61,600
Columbus, Indiana, USA
$43.25 billion
Hella KGaA Hueck & Co.
39,000
Lippstadt, Germany
€6.25 billion
Hyundai Mobis
38,000
Seoul, South Korea
KRW 47.16 trillion
DRiV Incorporated (Tenneco)
29,000
Chicago, Illinois
$3.1 billion
Delphi Technologies
21,000
Warwick, England
N/A
Visteon Corporation
11,000
Van Buren Township, Michigan, USA
$4.39 billion
Cooper Tire & Rubber Company
9,900
Findlay, Ohio
$3.1 billion
Note: Cooper’s major concentration is on passenger car and light vehicle replacement.
Commonalities of the automotive aftermarket industry
After a vehicle has been sold by its original manufacturer, the automotive aftermarket company produces, distributes, and sells automobile parts, accessories, and services.
The automobile aftermarket industry shares the following 5 characteristics:
1. Competition
The sector is very competitive, with a plethora of market participants ranging from small-scale individual firms to major international organizations.
2. Innovation
Innovation drives the sector, with firms always producing new products and services to satisfy the changing demands of consumers.
3. Technology
With the rising use of digital technologies for product creation, technology plays an important role in the automotive aftermarket sector.
4. Globalization
The automotive aftermarket industry is worldwide in scope, with enterprises serving clients in many nations and areas.
5. Supply chain
The supply chain in the industry is complicated, with numerous levels of suppliers, distributors, and retailers engaged in product creation and delivery.
How to Get a Job Offer from Companies in the Automotive Aftermarket?
5 practical ways to get a job offer from automotive aftermarket companies:
1. Research the industry
Begin by researching the automotive aftermarket business in order to obtain a better grasp of the firms and goods involved. Learn about the latest industry trends and advancements, and locate firms that match your interests and career ambitions.
2. Network
Build your network by reaching out to industry people and attending industry events. Connect with professionals and join industry-specific groups to remain up to speed on the latest news and trends.
3. Improve your skills
Develop the in-demand skills and competence in the industry. Consider getting relevant credentials or taking classes to improve your expertise and marketability.
4. Make your CV and cover letter unique
Make your CV and cover letter relevant to the position you’re looking for by emphasizing your relevant abilities and expertise. To increase your chances of being discovered by recruiters, include industry-specific keywords.
5. Search for jobs
Search for job vacancies in the automotive aftermarket sector and apply for those that match your skills and interests. Follow the requirements in the job posting and submit your application before the deadline.
What Companies in the Automotive Aftermarket Field Look For When Hiring?
5 major skills automotive companies look out for when hiring:
1. Solid technical skills
Automotive aftermarket employers often want applicants with a solid technical background. They want applicants that understand automotive parts, systems, and repair procedures.
2. Adaptability
The automotive aftermarket sector is continually growing, with new technology and products appearing regularly. Employers need people that can adapt to change and learn rapidly while remaining current on industry advancements.
3. Communication skills
Effective communication skills are required for success in the automotive aftermarket industry. Workers must be able to communicate successfully with customers, colleagues, and suppliers. Employers need people who can communicate effectively and professionally in both verbal and written forms.
4. Customer service skills
The automotive aftermarket sector is extremely service-oriented, with a focus on providing consumers with high-quality goods and services. Employers need employees who can give exceptional customer service. This includes listening to client demands, responding to queries, and solving problems.
5. Teamwork
Collaboration and teamwork are vital in the automotive aftermarket business, as personnel frequently collaborate to solve issues and complete projects. Employers need applicants who can work well in groups, communicate clearly, exchange ideas, and help colleagues.
Conclusion: World’s Top 20 Automotive Aftermarket Companies
The world’s top automotive aftermarket companies contribute significantly to the world economy. One of the major contribution is providing job opportunities. You can easily land a lucrative position in these companies with the right skills and knowledge.
FAQs: World’s Top 20 Automotive Aftermarket Companies
Who is the nation’s largest automotive aftermarket service provider?
Bridgestone Corporation is one of the nation’s largest automotive aftermarket suppliers, with over $28.1 Billion as revenue.
What are automotive aftermarket companies?
Automotive aftermarket companies are involved in the manufacturing of all vehicle parts, chemicals, equipment, and accessories.
Who is the largest automotive supplier in the world?
Microsoft Corp is the largest automotive supplier in the world. Other large automotive companies are BASF SE, Hitachi Ltd, Robert Bosch GmbH, and Panasonic Corp.
