Global Automotive Aftermarket Industry Size, Share & Trend Analysis- By Application, By Distribution, By Vehicle Type, By Position, Regional Outlook, Competitive Tactics, and Segment Forecast to 2031

The Global Automotive Aftermarket  Industry size was estimated at USD 438.7 billion in 2021 and is expected to hit around USD 771.93 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 6.48% from 2022 to 2030.

Global Automotive Aftermarket Industry: Breakup by Region, 2022 & 2031

Diagram Description automatically generated with low confidence

Source: Primary Research and Secondary Research Analysis

The term "automotive aftermarket" describes the secondary market for auto parts, accessories, and services, including the buying, selling, installing, fixing, and maintaining of these parts after the manufacturer has first sold the car. In other words, it is the sector of the economy that offers goods and services for the upkeep, modification, and repair of already-road-ready cars.

There are a variety of companies in the automotive aftermarket, including independent repair shops, specialty stores, wholesalers, distributors, and manufacturers. From replacement components like brakes, tyres, and filters to performance enhancements like exhaust systems, suspension kits, and engine tuning, it includes everything. It also includes extras like navigational tools, entertainment systems, and automobile care items.

The global automotive aftermarket industry is a large and complex sector that provides a wide range of products and services to support the repair, maintenance, and customization of vehicles after they leave the original equipment manufacturer (OEM). The industry is comprised of many different businesses, including parts manufacturers, distributors, wholesalers, retailers, service providers, and repair shops.

The replacement parts market and the accessories and performance parts market are the two major segments that can be used to classify the sector. The market for replacement parts consists of parts required for the correct functioning and upkeep of a vehicle, such as brakes, suspension systems, engines, transmissions, and electrical equipment. Products like entertainment systems, navigational aids, car care items, and performance enhancements like exhaust systems, suspension kits, and engine tuning are all included in the market for accessories and performance parts.

The increasing age of vehicles worldwide is one of the primary factors driving growth in the global automotive aftermarket industry. As vehicles age, they require more maintenance and repairs, creating a consistent demand for replacement parts and services. Furthermore, the industry's expansion is accelerated by the growth of e-commerce and online retail platforms, making it easier for consumers to purchase aftermarket parts and accessories.

Another significant trend in the global automotive aftermarket industry is the growing desire for vehicle customization and personalization. Consumers are seeking to distinguish their vehicles from others on the road, resulting in a higher demand for aftermarket accessories and performance parts that enable them to customize their vehicles to their preferences.

All in all, the global automotive aftermarket industry is an expanding and dynamic sector that provides a diverse range of products and services to meet the needs of vehicle owners and enthusiasts worldwide.

Market Segmentation:

Market Breakup: By Application

  • Infotainment and Multimedia
  • Engine Component
  • Tires and Wheels
  • Electrical Products
  • Seat and Steering Covers

Market Breakup: By Distribution

  • OEM
  • Third Party Vendor

Market Breakup: By Vehicle Type

  • Two-Wheeler
  • Passenger Car
  • Commercial Vehicle

Market Breakup: By Position

  • External Accessories
  • Internal Accessories

Regional Analysis

The size and scope of the global automobile aftermarket industry vary by region and are important and expanding. Below is a quick summary of the industry's regional analysis:

North America: The greatest automobile aftermarket sector in the world is found in North America. This area has a sizable car fleet, an ageing vehicle population, and a high level of customized consumer demand.

Europe: The second-largest automotive aftermarket market in the globe is in Europe. The sector is fuelled by the rising need for replacement parts, accessories, and services in this area, which has a sizable fleet of vehicles.

Asia Pacific:  Asia Pacific automotive aftermarket industry is the fastest-growing in the entire world. The industry is driven by the rising need for replacement parts and services, particularly in developing countries like China and India. This region has a fleet of vehicles that is rapidly expanding.

Latin America: The automotive aftermarket business in Latin America is expanding. The business is fuelled by the rising need for replacement parts and services, particularly in Brazil and Mexico, and this region has a sizable fleet of vehicles.

Middle East and Africa: In this region, the number of vehicles is expanding, and the demand for replacement parts and services is rising, especially in nations like Saudi Arabia and South Africa.

In conclusion, the size and scope of the global automotive aftermarket industry vary by location, and each region has its own traits and growth drivers. Future industry growth is anticipated to be fuelled by the rising need for accessories, replacement parts, and services, particularly in developing economies.

Market Breakup By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The Automotive Aftermarket Industry competitive landscape provides details by competitor. Details included are company outline, company financials, revenue generated, market potential, investment in research and development, new market initiatives, worldwide occurrence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The overhead data points providing are only related to the businesses’ focus related to Automotive Aftermarket marketplace.

Major players operating in the Global Automotive Aftermarket Industry are:

  • Alpine Electronics
  • Bridgestone Corporation
  • Continental
  • DENSO Corporation
  • Ford Motor Company
  • HARMAN International
  • Hella KGaA Hueck & Co.
  • Hyundai Mobis
  • Michelin
  • Osram Licht AG
  • Panasonic Corporation
  • Pioneer Corporation
  • Robert Bosch GmbH
  • The Goodyear Tire & Rubber Company
  • The Yokohama Rubber Co. Ltd.
  • Visteon

Global Automotive Aftermarket Industry Research Report, 2020-2031.

Table of Contents

  1. 1. Introduction
    1. Report description
    2. Key market segments
    3. Regional Scope
    4. Executive Summary
  2. 2. Research Methodology
    1. Secondary Research
    2. Primary Research
    3. Secondary Analyst Tools and Models
  3. 3. Market Dynamics
    1. Market driver analysis
    2. Market restraint analysis
    3. Market Opportunity    
    4. Market Challenges
    5. Impact analysis of COVID-19 on the Automotive Aftermarket Industry
  4. 4. Market Variables and Outlook
    1. SWOT Analysis
      1. Strengths
      2. Weaknesses
      3. Opportunities
      4. Threats
    2. Supply Chain Analysis
    3. PESTEL Analysis
      1. Political Landscape
      2. Economic Landscape
      3. Social Landscape
      4. Technological Landscape
      5. Environmental Landscape
      6. Legal Landscape
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitute
      4. Threat of New Entrant
      5. Competitive Rivalry
  5. 5. Automotive Aftermarket Industry: Application Estimates & Trend Analysis
    1. Automotive Aftermarket Industry value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Infotainment and Multimedia
      1. Market Size & Forecast, 2020-2031
    4. Engine Component
      1. Market Size & Forecast, 2020-2031
    5. Tires and Wheel
      1. Market Size & Forecast, 2020-2031
    6. Electrical Product
      1. Market Size & Forecast, 2020-2031
    7. Seat and Steering Covers
      1. Market Size & Forecast, 2020-2031
    8. Others
      1. Market Size & Forecast, 2020-2031

 

  1. 6. Automotive Aftermarket Industry: Distribution Estimates & Trend Analysis
    1. Automotive Aftermarket Industry value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. OEM
      1. Market Size & Forecast, 2020-2031
    4. Third Party Vendors
      1. Market Size & Forecast, 2020-2031

 

  1. 7. Automotive Aftermarket Industry: Vehicle Type Size Estimates & Trend Analysis
    1. Automotive Aftermarket Industry value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Two-Wheeler
      1. Market Size & Forecast, 2020-2031
    4. Passenger Car
      1. Market Size & Forecast, 2020-2031
    5. Commercial Vehicle
      1. Market Size & Forecast, 2020-2031

 

  1. 8. Automotive Aftermarket Industry: Position Estimates & Trend Analysis
    1. Automotive Aftermarket Industry value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. External Accessories
      1. Market Size & Forecast, 2020-2031
    4. Internal Accessories
      1. Market Size & Forecast, 2020-2031
  2. 9. Automotive Aftermarket Industry: Regional Estimates & Trend Analysis
    1. Automotive Aftermarket Industry value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. North America
      1. Market Size & Forecast, 2020-2031
    4. Europe
      1. Market Size & Forecast, 2020-2031
    5. Asia Pacific
      1. Market Size & Forecast, 2020-2031
    6. Middle East & Africa
      1. Market Size & Forecast, 2020-2031
    7. Latin America
      1. Market Size & Forecast, 2020-2031
  3. 10. Automotive Aftermarket Industry: Country Estimates & Trend Analysis
    1. Automotive Aftermarket Industry value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. U.S.
      1. Market Size & Forecast, 2020-2031
    4. Canada
      1. Market Size & Forecast, 2020-2031
    5. Mexico
      1. Market Size & Forecast, 2020-2031
    6. UK
      1. Market Size & Forecast, 2020-2031
    7. France
      1. Market Size & Forecast, 2020-2031
    8. Germany
      1. Market Size & Forecast, 2020-2031
    9. Russia
      1. Market Size & Forecast, 2020-2031
    10. Italy
      1. Market Size & Forecast, 2020-2031
    11. Spain
      1. Market Size & Forecast, 2020-2031
    12. China
      1. Market Size & Forecast, 2020-2031
    13. India
      1. Market Size & Forecast, 2020-2031
    14. Japan
      1. Market Size & Forecast, 2020-2031
    15. Indonesia
      1. Market Size & Forecast, 2020-2031
    16. South Korea
      1. Market Size & Forecast, 2020-2031
    17. Australia
      1. Market Size & Forecast, 2020-2031
    18. Brazil
      1. Market Size & Forecast, 2020-2031
    19. Argentina
      1. Market Size & Forecast, 2020-2031
    20. Saudi Arabia
      1. Market Size & Forecast, 2020-2031
    21. UAE
      1. Market Size & Forecast, 2020-2031
    22. South Africa
      1. Market Size & Forecast, 2020-2031
  4. 11. Competitive Landscape
    1. Company Market Share Analysis
    2. Vendor Landscape
    3. Competition Dashboard
  5. 12. Company Profiles
    1. Business Overview, Product Landscape, Financial Performanceand Company Strategies for below companies
    2. Alpine Electronics
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    3. Bridgestone Corporation
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    4. Continental
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    5. DENSO Corporation
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    6. Ford Motor Company
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    7. HARMAN International
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    8. Hella KGaA Hueck & Co.
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    9. Hyundai Mobis
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    10. Michelin
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    11. Osram Licht AG
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    12. Panasonic Corporation
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    13. Pioneer Corporation
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    14. Robert Bosch GmbH
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    15. The Goodyear Tire & Rubber Company
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    16. The Yokohama Rubber Co. Ltd.
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    17. Visteon
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
  6. 13. Conclusion

On Request



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