News

The global auto and motorcycle parts industry is experiencing robust expansion, fueled by surging aftermarket demand, accelerated electrification, and the rising adoption of sustainable practices. Data shows China’s auto aftermarket parts market alone hit 2.1 trillion RMB in 2024, a year-on-year increase of 7.3%, with engine and brake systems accounting for over 40% of the total share ¹.

Electrification is reshaping the sector’s landscape. New energy vehicle (NEV) related parts market grew by 21.4% in 2024, reaching 86 billion RMB, as battery management systems and motor controllers become high-demand products ¹. Globally, NEV components now represent 32% of the total auto parts market, a significant jump from 14% in 2020 ². This shift is pushing traditional manufacturers to upgrade, with lightweight materials like high-strength steel and aluminum seeing increased application.

Sustainability has emerged as a key competitive edge. Industry leaders are embracing circular economy models: Audi’s "aluminum closed-loop" system saves up to 95% energy by recycling production scrap ³, while Forvia’s innovative materials like Inicycled (20%-80% recycled content) cut carbon emissions by 60% ⁴. Policies such as China’s "dual-credit" system and the EU’s carbon tariff are further driving eco-friendly transformations ².

E-commerce channels are becoming increasingly pivotal. Online sales of auto parts in China rose to 19.8% of the market in 2024, a 3.1% year-on-year gain ¹. This trend empowers global platforms to connect quality suppliers with international buyers, streamlining the sourcing process for enthusiasts and professionals alike.

Looking ahead, the industry is projected to maintain strong growth, with China’s aftermarket expected to exceed 2.3 trillion RMB in 2025 ¹. As technology innovation and sustainability converge, businesses that prioritize quality, adaptability, and green practices will lead the next wave of development in the dynamic auto and moto parts ecosystem.