The manufacturing of parts and accessories for motor vehicles in Bulgaria experienced a sharp development in the period 2000-2014. The industry’s expansion was thanks to the many foreign automotive parts manufacturers, which stepped on the Bulgarian market in the period under review. The local arms of the foreign producers are export-driven and supply major international car makers such as Volkswagen, KIA, Hyundai, Renault, BMW, Mercedes, FIAT, Ford, Audi and Volvo.
The total revenue of the car parts and accessories manufacturing sector accounted for 2.0% of the country’s GDP in 2014 and 1.8% in 2013. The sector employed 13,688 people in 2014, compared to 13,832 in 2013.