From 2024 to 2025, the global automotive parts industry faces a severe market landscape: global automobile sales growth stagnates, the penetration rate of pure electric vehicles has not met expectations, software costs continue to rise, but consumers' demand for intelligent driving assistance systems (ADAS) and intelligent network functions is still increasing; China's economic growth slowdown has led to intensified competition in the automobile market; geopolitical tensions are increasing, and global trade barriers are rising again.

Against this background, global automotive parts companies also face the challenges of technological and business model transformation, cost pressures are rising sharply, and they continue to face profitability challenges, which is also reflected in the financial performance of companies.

According to the 2025 Global Automotive Parts Suppliers Top 100 List released by Automotive News on June 23, under the above multiple challenges, the ranking of the list has been shuffled violently-60% of the parts companies have experienced varying degrees of sales decline, and even top-level parts giants such as Bosch and ZF are not immune.

However, there are also some suppliers that stand out against the trend: the sales of most Chinese suppliers have increased compared with the same period last year, among which Ningbo Top and Desay SV have risen strongly, climbing 21 and 16 places in the ranking respectively, which is remarkable.

Key Trends:
Chinese Suppliers Rising – CATL (#5), Yanfeng (#17), Joyson (#37), and CITIC Dicastal (#42) show strong growth.
Market Slowdown – Overall revenue declined by 3.5% due to EV transition challenges.
Regional Dominance – Japan (22), USA (18), Germany (16), and China (15) lead in representation.

Data from this year's list shows that as the global automotive parts industry enters a "stagnation and transformation period", 60% of parts suppliers will see a year-on-year decline in sales in 2024, causing the total global sales of suppliers on the list this year to fall by 7% year-on-year compared to 2023.

In 2023, five suppliers had automotive business revenues exceeding $40 billion, while only three did so in 2024.

The development of electric vehicles is not as expected, and the performance differentiation of related suppliers is intensifying

In the past two years, with the continued growth of the global electric vehicle market, electric vehicle battery and other related parts manufacturers have become a regular on the list of the top 100 global automotive parts suppliers.

However, as the uncertainty of electric vehicle market policies and regulations has increased, the development speed of electric vehicles in the European and American markets has gradually fallen short of expectations. Some automakers have postponed, reduced or even cancelled major electric vehicle projects, which has led to lower electric vehicle-related revenues than many suppliers expected; at the same time, because suppliers have made costly investments, but the return on expenditures has been lower than expected, resulting in stranded funds and declining profits.

SK On, a South Korean lithium-ion battery manufacturer, is a typical example. The company has added several production bases in North America, a key strategic region, but due to the retreat of several major US automakers on electric vehicle plans, its sales in 2024 fell by 54% year-on-year, and its ranking dropped by 21 places from 2023, making it the company with the largest decline in the top 100 list. The company directly attributes this to the reduction in global demand for electric vehicles.