Asia-Pacific (APAC) Automotive Aftermarket Industry Analysis, Market Size, Share, Trends, Demand & Growth Drivers, Opportunity Assessment, Regional Outlook & Forecast 2017-2025

Asia Pacific Automotive Aftermarket Industry Outlook 2015-2025

Market Overview

The aftermarket is the major subsector of the automotive industry comprising the automotive part businesses and automotive service industry. Swiftly increasing aftermarket volume, including retail sales around the world are becoming progressively essential for automotive industry’s market players as compared to new car sales owing to the greater margins. On the other hand, aftermarket market automotive wear and tear components and products accounts for nearly half of the total automotive aftermarket sales in Asia Pacific region followed by crash-relevant parts, diagnostics products and services. Moreover, digital-driven products and services are setting a new trend and will be the major growth drivers for the market growth over the forecast period. It is also estimated that digital services segment such as telematics, vehicle diagnosis, and fleet management among others will increase exponentially from currently 6% to 20% within the next 10 years. Moreover, growing automobile sales particular in India, China and South East Asian countries is the major factor behind the rapid growth of aftermarket sales in the region. On the distribution end, online channels are emerging as the most attractive business strategy and are attracting major aftermarket players to provide innovative products and services through online channels. For instance, Bosch a major automotive component manufacturer established its online shop on leading Chinese e-commerce site TMall and its success (an estimated USD 9 million USD in sales in its first year of existence) has stimulated a gold rush. Many automotive companies and component suppliers are setting up their online shops on TMall.com, with the objective of retailing directly to end users and businesses. Together, the products and services in automotive aftermarket revenue of Asia Pacific region accounted for approximately USD 182 billion in 2017 or about 23.4% of total automotive aftermarket industry revenues. Further, the automotive aftermarket industry is likely to expand at a CAGR of 6.4% over the forecast period i.e.2017-2025.

Asia Pacific Automotive Aftermarket Market Segmentation

By After Market Products and Services Type

• Wear-and-Tear Parts
• Crash-Relevant Parts
• Accessories and Appearance Products
• Diagnostics Products
• Services (Fleet Management etc.)

Based on the after-market products and services, wear-and-tear parts accounted for the largest revenue share of more than 56% in automotive aftermarket industry. On the other hand, services segment is the fastest growing segment which is likely to expand at a CAGR of +9% over the forecast period.

By End Users Type

• Service Providers (Telematics, Fleet Management etc.)
• Independent Workshops
• Automotive OEM Workshop

By Distribution Channels

• Offline Distribution Channel
• Online Distribution Channel

By Geography

• China {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
• India {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
• Japan {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
• Australia {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
• South Korea {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
• Indonesia {Market Share (%), Market Size (USD Billion))} Automotive Aftermarket Industry
• Philippines {Market Share (%), Market Size (USD Billion))} Automotive Aftermarket Industry
• Thailand {Market Share (%), Market Size (USD Billion))} Automotive Aftermarket Industry
• Vietnam {Market Share (%), Market Size (USD Billion))} Automotive Aftermarket Industry
• Malaysia {Market Share (%), Market Size (USD Billion))} Automotive Aftermarket Industry
• Rest of Asia Pacific {Market Share (%), Market Size (USD Billion))} Automotive Aftermarket Industry

Based on geography, China dominated the Asia Pacific aftermarket industry with about 50% market share of Asia Pacific automotive aftermarket industry. On the other hand, South East region is the fastest growing region for automotive aftermarket industry majorly fueled by the Indonesia, Malaysia and Thailand. However, the swiftness of growth in Asia Pacific aftermarket industry is predictable to slow down in the future, mainly due to a general slowdown of China’s economic growth in the next coming years.

Covered In This Asia Pacific Automotive Aftermarket Industry Report   

The report covers the present ground scenario and the future growth prospects of the automotive aftermarket for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major countries. Asia Pacific automotive aftermarket market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Asia Pacific Automotive Aftermarket Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Asia Pacific automotive aftermarket industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Asia Pacific Automotive Aftermarket Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Asia Pacific Automotive Aftermarket Industry Report comprises of the following companies as the key players: 3M, Continental AG, Delphi Automotive PLC, Denso Corporation, Federal-Mogul Corporation, Magneti Marelli S.p.A., Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, COOPER TIRE & RUBBER COMPANY and Robert Bosch GmbH.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Asia Pacific Automotive Aftermarket Industry Report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for automotive aftermarket industry
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the automotive aftermarket industry’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects