The world's top 10 automotive parts suppliers

The Fortune Global 500, published annually by Fortune magazine in the United States, ranks global companies based on revenue data. In the 2017 "Global 500" list, automobile manufacturers and parts suppliers accounted for a total of 33 spots (excluding large engineering vehicle enterprises), of which 10 were automotive parts suppliers, all of which can be regarded as the world's leading automotive parts manufacturers.

1. Bosch (Bosch) from Germany: Ranked 76

The world's top 10 automotive parts suppliers are all in the Global 500

The world's top 10 automotive parts suppliers are all in the Global 500

Bosch common rail system CRS1-20, customized for the Chinese light commercial vehicle market, supports China VI emission standards

Undoubtedly, the Bosch Group is a leading automotive technology supplier, renowned for its cutting-edge products and system solutions. In its automotive business, Bosch covers components and system supplies such as gasoline systems, diesel systems, chassis control systems, starters, and engines. For familiar technologies like the diesel high-pressure common rail system, Bosch's dominant market share seems unshakable.

2. Continental (Continental) from Germany: Ranked 213

The world's top 10 automotive parts suppliers are all in the Global 500

Continental tires are likely the most familiar product of the German Continental Group. Beyond this, Continental's business in China also includes braking systems, powertrains, and automotive electronics. Since Continental Group acquired Siemens VDO, its automotive electronics division—covering tachographs, sensors, and control systems—has become a key product line, currently ranking among the top globally.

3. Denso (Denso) from Japan: Ranked 236

The world's top 10 automotive parts suppliers are all in the Global 500

Denso spark plugs

Although Denso's market share in the domestic diesel common rail and after-treatment system market lags significantly behind Bosch, its scope of involvement is equally extensive. Leveraging its advantages in passenger car gasoline technology and supporting products, Denso has remained a leading global supplier of automotive system components.

4. ZF (ZF) from Germany: Ranked 263

The world's top 10 automotive parts suppliers are all in the Global 500

The world's top 10 automotive parts suppliers are all in the Global 500

ZF Traxon automatic transmission with optional multi-modules

ZF transmissions hardly need further introduction. ZF focuses more on automotive drivetrain and chassis technologies, with products such as transmissions, clutches, and suspensions used in various fields becoming synonymous with high-end technology. In 2015, by completing the acquisition of the American TRW Automotive Holdings Corp. (TRW), ZF leaped to become a global automotive parts giant.

5. Johnson Controls from the United States: Ranked 272

The world's top 10 automotive parts suppliers are all in the Global 500

The world's top 10 automotive parts suppliers are all in the Global 500

VARTA (VARTA) batteries are products of Johnson Controls

Johnson Controls' automotive business is gradually decreasing, with its North American automotive seating and interior business already spun off independently. However, it remains a leading global automotive battery manufacturer. Well-known brands such as VARTA batteries are among its product lines. Additionally, Johnson Controls supplies lithium batteries for large plug-in hybrid trucks in the United States.

6. Magna (Magna) from Canada: Ranked 290

The world's top 10 automotive parts suppliers are all in the Global 500

Getrag now belongs to Magna

In addition to being a leading parts supplier, Magna's Magna Steyr plant in Austria also performs contract manufacturing of complete vehicles, having previously produced models such as the Mercedes-Benz G-Class, Jeep Grand Cherokee, and BMW Mini. In 2015, Magna acquired the German Getrag (one of the world's transmission giants); therefore, Getrag's joint ventures with Jiangling and Dongfeng in China also fall under Magna's ownership.

7. Hyundai Mobis (Mobis) from South Korea: Ranked 323

The world's top 10 automotive parts suppliers are all in the Global 500

Hyundai Mobis is one of the three main pillars of the South Korean Hyundai Kia Group, the leading automotive parts company in South Korea, with a very broad range of business activities.

8. Aisin Seiki (Japan): Ranked 324

The world's top 10 automotive parts suppliers are all in the Global 500

Aisin closely follows ZF in the passenger car transmission sector, but Japanese manufacturers seem to have little interest in the commercial vehicle sector.

9. Bridgestone (Japan) (Bridgestone): Ranked 353

The world's top 10 automotive parts suppliers are all in the Global 500

10. Michelin (France) (Michelin): Ranked 466

Two tire companies, Bridgestone and Michelin, made the list. Although Bridgestone's revenue and profit declined in 2016, it still significantly outperformed Michelin and remains the world's largest tire manufacturer.