Automotive Aftermarket Market

Category : Automotive & Transportation Reports | Delivery Format : PDF,PPT | Publisher: Reports and Insights | Pages : 329

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Automotive Aftermarket Market Overview

The report is titled ‘Automotive Aftermarket Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the automotive aftermarket market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The automotive aftermarket market is expected to grow at a significant rate in the near future.

The global automotive aftermarket market was valued at US$ 394.4 Bn by the end of 2020 and expected to reach at a value of US$ 519.7 Bn by 2028 with a significant CAGR of 3.5%.

Automotive Aftermarket Introduction

Automotive aftermarket refers to the after-sale market of the automotive industry. The after-sale market of the automotive industry comprises vehicle equipment, parts, service repair, replacement tires, collision repair and accessories, which are mainly sold after the sale of the original vehicle.

The automotive aftermarket includes the companies which are involved in manufacturing, refurbishing, retailing, distribution, and installation of replacing parts of the vehicle, service repair, equipment, and automotive accessories.

Automotive Aftermarket Market Dynamics

The increased buying and selling of used-vehicles or second-hand vehicles, around the world, has dramatically propelled the repair and maintenance segment of the automotive aftermarket, thereby boosting the overall growth of the global automotive aftermarket. As per the statistics of the Bureau of Transportation of the United States, the sales of second-hand vehicles is constantly on the rise in the country ranging from 37,255,000 in the year 2015 to 40,805,000 vehicles in the year 2019. Owing to which, the global automotive aftermarket is expected to flourish swiftly in the forthcoming future.

The growing length of service of vehicle fleets, especially in developed regions, has resulted in maturation and aging of fleet vehicles which is estimated to be a major stimulating factor for the growth in demand of aftermarket maintenance and service, which is projected to ultimately propel the market growth of automotive aftermarket in the years to come.

However, the sudden strike of global crisis of COVID-19 has drastically impacted the automotive and related industries, around the world, which in turn has affected the automotive aftermarket due to the huge disruption in the supply chains as well as lower consumer demand. Such factors have enormously hindered the overall growth of the global automotive aftermarket.

Furthermore, the deadly virus forced the governments and regulatory authorities of most of the countries around the world to restrict the movement of people and implement nationwide lockdown, thus immediately switching the consumer expenditure priorities to essential purchasing.

On top of that, due to the concentrated supply chains in few regions, the manufacturing industry has also been through a lot of complications. Attributed to all of this, the automotive aftermarket is expected to observe stagnant growth over the coming years.

Automotive Aftermarket Market Segmentation

The global automotive aftermarket market is segmented on the basis of replacement parts, distribution channel, service channel, certification, and regions. On the basis of the replacement parts, the automotive aftermarket market is segmented into Tire, Battery, Brake parts, Filters, Body parts, Lighting & Electronic components, Wheels, Exhaust components, Turbochargers, and Others. On the basis of the distribution channel, the market is categorized into Retailers (OEMs, Repair Shops) and Wholesalers & Distributors. Further, on the basis of the service channel, the market is segmented into DIY (Do It Yourself), DIFM (Do It for Me), and OE (Delegating to OEM’s). Furthermore, the market is segmented on the basis of certification into Genuine Parts, Certified Parts, and Uncertified Parts.

The research report classifies the global automotive aftermarket market based on replacement parts, distribution channel, service channel, certification, and regions.

By Replacement Parts

Tire

Battery

Brake parts

Filters

Body parts

Lighting & Electronic components

Wheels

Exhaust components

Turbochargers

Others

By Distribution Channel

Retailers

OEMs

Repair Shops

Wholesalers & Distributors

By Service Channel

DIY (Do It Yourself)

DIFM (Do It for Me)

OE (Delegating to OEM’s)

By Certification

Genuine Parts

Certified Parts

Uncertified Parts

By Region

North America

Latin America

Africa

Europe

Asia Pacific

Middle East

Automotive Aftermarket Market Key Players

The global automotive aftermarket market is dominated by Continental AG, 3M Company, Delphi Automotive PLC, Federal-Mogul Corporation, Denso Corporation, Magneti Marelli S.p.A., Robert Bosch GmbH, among others.

MMC Overview on Automotive Aftermarket Market Report

The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the automotive aftermarket market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of automotive aftermarket

Advantages of automotive aftermarket

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.


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1.    Global Automotive Aftermarket Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Automotive Aftermarket Market Overview

2.1.    Introduction

2.1.1.    Introduction

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Automotive Aftermarket Market Snapshot

2.4.    Global Automotive Aftermarket Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Automotive Aftermarket Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    SWOT Analysis

3.    Automotive Aftermarket Assessment and Analysis

3.1.    Automotive Aftermarket Impact Analysis 

3.2.    Actions to encourage use of Automotive Aftermarket

3.3.    Automotive Aftermarket Promotional Strategy Recommendation

3.4.    Road Map Analysis

3.5.    GAP Analysis

3.6.    Potential Analysis

4.    Covid-19 Impact on Automotive Aftermarket Market

4.1.    Impact Analysis of Covid-19 on the global Automotive Aftermarket market

4.2.    Effect On Value Chain

4.3.    Business Impact W.R.T Revenue 

4.4.    Fluctuation In Production

4.5.    Volatility In Price 

4.6.    Effect On The Overall Trade 

4.7.    Market Impact Analysis In 2020 (Quarter Wise)

5.    Global Automotive Aftermarket Market, By Replacement Parts

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Replacement Parts

5.1.2.    BPS Analysis, By Replacement Parts

5.2.    Market Revenue (US$Mn) and Forecast, By Replacement Parts

5.2.1.    Tire

5.2.2.    Battery

5.2.3.    Brake Parts

5.2.4.    Filters

5.2.5.    Bod Parts

5.2.6.    Lighting & Electronic Components

5.2.7.    Wheels

5.2.8.    Exhaust Components

5.2.9.    Turbochargers

5.2.10.    Others

5.3.    Global Automotive Aftermarket Market Attractiveness Index, By Replacement Parts

6.    Global Automotive Aftermarket Market, By Distribution Channel

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Distribution Channel

6.1.2.    BPS Analysis, By Distribution Channel

6.2.    Market Revenue (US$Mn) and Forecast, By Distribution Channel

6.2.1.    Retailers

6.2.1.1.    OEMs

6.2.1.2.    Repair Shops

6.2.2.    Wholesalers & Distributors

6.3.    Global Automotive Aftermarket Market Attractiveness Index, By Distribution Channel

7.    Global Automotive Aftermarket Market, By Service Channel

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Service Channel

7.1.2.    BPS Analysis, By Service Channel

7.2.    Market Revenue (US$Mn) and Forecast, By Service Channel

7.2.1.    DIY (Do it yourself)

7.2.2.    DIFM (Do it for me)

7.2.3.    OE (Delegating to OEMs)

7.3.    Global Automotive Aftermarket Market Attractiveness Index, By Service Channel

8.    Global Automotive Aftermarket Market, By Certification

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Certification

8.1.2.    BPS Analysis, By Certification

8.2.    Market Revenue (US$Mn) and Forecast, By Certification

8.2.1.    Genuine Parts

8.2.2.    Certified Parts

8.2.3.    Uncertified Parts

8.3.    Global Automotive Aftermarket Market Attractiveness Index, By Certification

9.    Global Automotive Aftermarket Market, By Region

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Region

9.1.2.    BPS Analysis, By Region

9.2.    Market Revenue (US$Mn) and Forecast, By Region

9.2.1.    North America

9.2.2.    Latin America

9.2.3.    Europe

9.2.4.    Asia Pacific

9.2.5.    Middle East 

9.2.6.    Africa

9.3.    Global Automotive Aftermarket Market Attractiveness Index, By Region

10.    North America Automotive Aftermarket Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market Revenue (US$Mn) and Forecast, By Country

10.2.1.    U.S. Automotive Aftermarket Market

10.2.2.    Canada Automotive Aftermarket Market

10.3.    North America Automotive Aftermarket Market, By Replacement Parts

10.3.1.    Tire

10.3.2.    Battery

10.3.3.    Brake Parts

10.3.4.    Filters

10.3.5.    Bod Parts

10.3.6.    Lighting & Electronic Components

10.3.7.    Wheels

10.3.8.    Exhaust Components

10.3.9.    Turbochargers

10.3.10.    Others

10.4.    North America Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Distribution Channel

10.4.1.    Retailers

10.4.1.1.    OEMs

10.4.1.2.    Repair Shops

10.4.2.    Wholesalers & Distributors

10.5.    North America Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Service Channel

10.5.1.    DIY (Do it yourself)

10.5.2.    DIFM (Do it for me)

10.5.3.    OE (Delegating to OEMs)

10.6.    North America Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Certification

10.6.1.    Genuine Parts

10.6.2.    Certified Parts

10.6.3.    Uncertified Parts

10.7.    North America Automotive Aftermarket Market Attractiveness Index

10.7.1.    By Country

10.7.2.    By Replacement Parts

10.7.3.    By Distribution Channel

10.7.4.    By Service Channel

10.7.5.    By Certification

11.    Latin America Automotive Aftermarket Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    Brazil Automotive Aftermarket Market

11.2.2.    Mexico Automotive Aftermarket Market

11.2.3.    Rest Of Latin America Automotive Aftermarket Market

11.3.    Latin America Automotive Aftermarket Market, By Replacement Parts

11.3.1.    Tire

11.3.2.    Battery

11.3.3.    Brake Parts

11.3.4.    Filters

11.3.5.    Bod Parts

11.3.6.    Lighting & Electronic Components

11.3.7.    Wheels

11.3.8.    Exhaust Components

11.3.9.    Turbochargers

11.3.10.    Others

11.4.    Latin America Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Distribution Channel

11.4.1.    Retailers

11.4.1.1.    OEMs

11.4.1.2.    Repair Shops

11.4.2.    Wholesalers & Distributors

11.5.    Latin America Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Service Channel

11.5.1.    DIY (Do it yourself)

11.5.2.    DIFM (Do it for me)

11.5.3.    OE (Delegating to OEMs)

11.6.    Latin America Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Certification

11.6.1.    Genuine Parts

11.6.2.    Certified Parts

11.6.3.    Uncertified Parts

11.7.    Latin America Automotive Aftermarket Market Attractiveness Index

11.7.1.    By Country

11.7.2.    By Replacement Parts

11.7.3.    By Distribution Channel

11.7.4.    By Service Channel

11.7.5.    By Certification

12.    Europe Automotive Aftermarket Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    U.K. Automotive Aftermarket Market

12.2.2.    Germany Automotive Aftermarket Market

12.2.3.    Italy Automotive Aftermarket Market

12.2.4.    France Automotive Aftermarket Market

12.2.5.    Spain Automotive Aftermarket Market

12.2.6.    Russia Automotive Aftermarket Market

12.2.7.    Rest Of Europe Automotive Aftermarket Market

12.3.    Europe Automotive Aftermarket Market, By Replacement Parts

12.3.1.    Tire

12.3.2.    Battery

12.3.3.    Brake Parts

12.3.4.    Filters

12.3.5.    Bod Parts

12.3.6.    Lighting & Electronic Components

12.3.7.    Wheels

12.3.8.    Exhaust Components

12.3.9.    Turbochargers

12.3.10.    Others

12.4.    Europe Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Distribution Channel

12.4.1.    Retailers

12.4.1.1.    OEMs

12.4.1.2.    Repair Shops

12.4.2.    Wholesalers & Distributors

12.5.    Europe Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Service Channel

12.5.1.    DIY (Do it yourself)

12.5.2.    DIFM (Do it for me)

12.5.3.    OE (Delegating to OEMs)

12.6.    Europe Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Certification

12.6.1.    Genuine Parts

12.6.2.    Certified Parts

12.6.3.    Uncertified Parts

12.7.    Europe Automotive Aftermarket Market Attractiveness Index

12.7.1.    By Country

12.7.2.    By Replacement Parts

12.7.3.    By Distribution Channel

12.7.4.    By Service Channel

12.7.5.    By Certification

13.    Asia Pacific Automotive Aftermarket Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    China Automotive Aftermarket Market

13.2.2.    India Automotive Aftermarket Market

13.2.3.    Japan Automotive Aftermarket Market

13.2.4.    Australia and New Zealand Automotive Aftermarket Market

13.2.5.    South Korea Automotive Aftermarket Market

13.2.6.    Rest of Asia Pacific Automotive Aftermarket Market

13.3.    Asia Pacific Automotive Aftermarket Market, By Replacement Parts

13.3.1.    Tire

13.3.2.    Battery

13.3.3.    Brake Parts

13.3.4.    Filters

13.3.5.    Bod Parts

13.3.6.    Lighting & Electronic Components

13.3.7.    Wheels

13.3.8.    Exhaust Components

13.3.9.    Turbochargers

13.3.10.    Others

13.4.    Asia Pacific Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Distribution Channel

13.4.1.    Retailers

13.4.1.1.    OEMs

13.4.1.2.    Repair Shops

13.4.2.    Wholesalers & Distributors

13.5.    Asia Pacific Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Service Channel

13.5.1.    DIY (Do it yourself)

13.5.2.    DIFM (Do it for me)

13.5.3.    OE (Delegating to OEMs)

13.6.    Asia Pacific Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Certification

13.6.1.    Genuine Parts

13.6.2.    Certified Parts

13.6.3.    Uncertified Parts

13.7.    Asia Pacific Automotive Aftermarket Market Attractiveness Index

13.7.1.    By Country

13.7.2.    By Replacement Parts

13.7.3.    By Distribution Channel

13.7.4.    By Service Channel

13.7.5.    By Certification

14.    Middle East Automotive Aftermarket Market Analysis and Forecast, 2020–2028

14.1.    Introduction

14.1.1.    Annual Growth Rate Comparison, By Country

14.1.2.    BPS Analysis, By Country

14.2.    Market (US$Mn) Forecast, By Country

14.2.1.    GCC Countries Automotive Aftermarket Market

14.2.2.    Israel Automotive Aftermarket Market

14.2.3.    Rest Of Middle East Automotive Aftermarket Market

14.3.    Middle East Automotive Aftermarket Market, By Replacement Parts

14.3.1.    Tire

14.3.2.    Battery

14.3.3.    Brake Parts

14.3.4.    Filters

14.3.5.    Bod Parts

14.3.6.    Lighting & Electronic Components

14.3.7.    Wheels

14.3.8.    Exhaust Components

14.3.9.    Turbochargers

14.3.10.    Others

14.4.    Middle East Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Distribution Channel

14.4.1.    Retailers

14.4.1.1.    OEMs

14.4.1.2.    Repair Shops

14.4.2.    Wholesalers & Distributors

14.5.    Middle East Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Service Channel

14.5.1.    DIY (Do it yourself)

14.5.2.    DIFM (Do it for me)

14.5.3.    OE (Delegating to OEMs)

14.6.    Middle East Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Certification

14.6.1.    Genuine Parts

14.6.2.    Certified Parts

14.6.3.    Uncertified Parts

14.7.    Middle East Automotive Aftermarket Market Attractiveness Index

14.7.1.    By Country

14.7.2.    By Replacement Parts

14.7.3.    By Distribution Channel

14.7.4.    By Service Channel

14.7.5.    By Certification

15.    Africa Automotive Aftermarket Market Analysis and Forecast, 2020–2028

15.1.    Introduction

15.1.1.    Annual Growth Rate Comparison, By Country

15.1.2.    BPS Analysis, By Country

15.2.    Market (US$Mn) Forecast, By Country

15.2.1.    South Africa Countries Automotive Aftermarket Market

15.2.2.    Egypt Automotive Aftermarket Market

15.2.3.    North Africa Automotive Aftermarket Market

15.2.4.    Rest of Africa Automotive Aftermarket Market

15.3.    Africa Automotive Aftermarket Market, By Replacement Parts

15.3.1.    Tire

15.3.2.    Battery

15.3.3.    Brake Parts

15.3.4.    Filters

15.3.5.    Bod Parts

15.3.6.    Lighting & Electronic Components

15.3.7.    Wheels

15.3.8.    Exhaust Components

15.3.9.    Turbochargers

15.3.10.    Others

15.4.    Africa Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Distribution Channel

15.4.1.    Retailers

15.4.1.1.    OEMs

15.4.1.2.    Repair Shops

15.4.2.    Wholesalers & Distributors

15.5.    Africa Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Service Channel

15.5.1.    DIY (Do it yourself)

15.5.2.    DIFM (Do it for me)

15.5.3.    OE (Delegating to OEMs)

15.6.    Africa Automotive Aftermarket Market Revenue (US$Mn) and Forecast, By Certification

15.6.1.    Genuine Parts

15.6.2.    Certified Parts

15.6.3.    Uncertified Parts

15.7.    Africa Automotive Aftermarket Market Attractiveness Index

15.7.1.    By Country

15.7.2.    By Replacement Parts

15.7.3.    By Distribution Channel

15.7.4.    By Service Channel

15.7.5.    By Certification

16.    Competitive Landscape

16.1.    Company Profiles

16.1.1.    Continental AG

16.1.1.1.    Company Overview

16.1.1.2.    Financial Overview

16.1.1.3.    Key Developments

16.1.1.4.    Strategies

16.1.1.5.    Product Analysis

16.1.2.    3M Company

16.1.3.    Delphi Automotive PLC

16.1.4.    Federal-Mogul Corporation

16.1.5.    Denso Corporation

16.1.6.    Magneti Marelli S.p.A.

16.1.7.    Robert Bosch GmbH

17.    Acronyms

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Frequently Asked Questions

The global automotive aftermarket market was valued at US$ 394.4 Bn by the end of 2020 and expected to reach at a value of US$ 519.7 Bn by 2028 with a significant CAGR of 3.5%.

The increased buying and selling of used-vehicles or second-hand vehicles and the growing length of service of vehicle fleets, especially in developed regions, has resulted in maturation and aging of fleet vehicles are the key factors driving the growth of market

The research report classifies the global automotive aftermarket market based on replacement parts, distribution channel, service channel, certification, and regions.

Continental AG, 3M Company, Delphi Automotive PLC, Federal-Mogul Corporation, Denso Corporation, Magneti Marelli S.p.A., Robert Bosch GmbH, among others are the key participating players in the market



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