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Market Research Report

Asia Pacific Automotive Aftermarket Industry Outlook: 2019-2035 with COVID-19 Impact

Published Date :

2021-01-12

Report Pages :

574

Format :

PDF

Region Covered :

Asia Pacific

Asia Pacific Automotive Aftermarket Industry Overview

Further, the automotive aftermarket industry is likely to expand at a CAGR of 6.4% over the forecast period of 2019-2035. 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.

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.)

By End Users Type

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

By Distribution Channels

  • Offline Distribution Channel
  • Online Distribution Channel

Market Dynamics (Growth Drivers, Trends and Challenges)

Shifting consumer focus towards digital sales platform offered by manufacturers will provide myriad of opportunities in the Asia Pacific automotive aftermarket. Consumers can directly access the product information and compatibility with the vehicle which in turn will proliferate product sales through e-commerce platforms. The emergence of new generation vehicles including Asia Pacific Automotive Aftermarket and connected cars will provide new growth opportunities in the industry.It is a densely crowded market with competitors ranging from small scale independent players to huge corporations is another factor that can restrain the APAC Automotive aftermarket market.

We conducted interviews with the Asia Pacific Automotive Aftermarket Manufacturers, OEMs, Aftermarket Players, Brands, Component Manufacturers, Battery Manufacturers, End User Industries, Distributors, Traders, Suppliers, Product Managers, Consultants, Decision Makers, VPs, Executives, Sales Managers, Regional Sales Head, C-level Executives, etc.

Key Highlights: Asia Pacific Automotive Aftermarket Industry Outlook, 2019-2035 (2021 Edition)

  • The report includes Asia Pacific Automotive Aftermarket Manufacturers, Aftermarket Players & Distributors Outlook (Market Competition & Global Presence), Business Strategy & Financial Analysis of Major Players. Further, the study also covers the Industry Insights (Future Trends & Forecast Data), Trade Data (Exports and Imports) and Distribution Model Analysis, Competitive Analysis, Opportunity Analysis
    • Market Data Outlook: Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of India Electric Vehicle Industry and further it bifurcated into States/Cities, 2019-2035
    • Sales Outlook of Asia Pacific Automotive Aftermarket : By Asia Pacific Automotive Aftermarket Type, By Manufacturers Type, By End User Industry Type, By States/Cities (Value & Volume), 2019-2035
    • Data of Manufactured : By Vehicles Type, By Manufacturers Type, By End User Industry Type, By States/Cities (By Value & Volume), 2019-2035
    • Manufacturing/Production  : By Manufacturers Type (OEMs & Contract Manufacturers), Production Data, Manufacturing Capacity, Operational Margins, Profit Margin, Distribution Analysis, etc., 2019-2035
    • Asia Pacific Automotive Aftermarket Analysis : Revenue Share, Solutions Offerings Portfolio, Market Positioning, Ranking Analysis, Competitiveness, Regional Presence, Investments, Partnerships & Collaborations, Mergers & Acquisitions, etc., 2019-2035
    • APAC Automotive Industry Outlook : Automotive Expenditure, Transportation & Manufacturing Reforms, Manufacturing Facilities, Govt. & Private Investments, R&D, (Current & Future Outlook), 2019-2035
    • Regulatory Framework & Approvals Outlook : Regulatory Framework for Asia Pacific Automotive Aftermarket, Govt. Initiatives & Programs, Manufacturing Framework & Regulations, Import Framework, Regulations & Policies, etc.
    • Competitive Outlook : Players Financial Analysis, Marketing Strategies, Ranking Index, Product Portfolio, Pricing Analysis, List of Customers, Competitive Advantage, etc. Company Profiles, SWOT Analysis of Each Player, Recent News & Developments of Each Player, Merger & Acquisitions, etc. 
    • Asia Pacific Automotive Aftermarket Aftermarket & Components Outlook : Aftermarket Analysis, Components Sales Outlook, Aftermarket Sales Outlook, Engine and Parts Manufacturers, etc, 2019-2035
    • Market Dynamics : Growth Drivers, Challenges, Opportunities, Trends, SWOT Analysis, PESTLE Analysis, Pricing Patterns, Regulations, Investments, Research & Development, 2019-2035
    • Trade Data of Asia Pacific Automotive Aftermarket (Export & Import) : By Each Segment, By Countries, (By Value & Volume), 2019-2035
    • Target Analysis : Target & Potential Markets, By Major Countries
    • Risk Analysis : Supply & Demand Analysis, 2019-2035
    • Asia Pacific Automotive Aftermarket Industry Analysis (Manufacturers, New Products, Investments, OEMs, Aftermarket, Used Electric Trucks Industry, Govt. Regulations & Norms, etc.)
  • The study provides an in-depth analysis with current and future trends to elucidate the imminent investment pockets in the market.
  • Current and future trends are outlined to determine the overall attractiveness of the market and single out profitable trends to gain a stronger foothold in the market.
  • Quantitative analysis of the current market and forecast from 2019-2035 is provided to showcase the financial competency of the market.
  • Drivers and opportunities are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the potential of the market.
  • Porter’s Five Forces Model and SWOT analysis of the industry illustrate the potency of the buyers & suppliers participating in the market.
  • Competitive Outlook of major players of the market to understand the current business scenario and to understand the complexity and investment related factors.

Year

India

Russia

China

Japan

2018

3,394,700

1,800,600

23,256,300

4,391,200

2017

3,229,100

1,595,700

24,171,400

4,386,400

2016

2,966,600

1,425,800

23,693,400

4,146,500

2015

2,772,700

1,601,200

20,047,200

4,215,900

2014

2,570,500

2,491,400

18,368,900

4,699,600

2013

2,554,000

2,777,400

16,303,700

4,562,300

COVID-19 impact on "Asia Pacific Automotive Aftermarket Industry"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Asia Pacific Automotive Aftermarket Industry" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

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 2019-2035 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 2019-2035, 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.

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Key questions answered in this Asia Pacific Automotive Aftermarket Industry Report

  • What is the total market size by 2030 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 prospect 



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Asia Pacific Automotive Aftermarket Industry Outlook: 2019-2035 with COVID-19 Impact

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