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Market Research Report

Global Automotive Aftermarket Outlook : By AfterMarket Products and Services Type, By End Users Type, By Distribution Channels, By Geography with COVID-19 impact | Forecast Period 2017-2030

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Global Automotive Aftermarket Industry 2017-2030

Market Overview

The aftermarket is the major subsector of the automotive sector including the automotive part businesses and automotive services. Rapidly growing aftermarket volume, including retail sales across the globe are becoming increasingly important for automotive companies as compared to new car sales owing to the higher margins. On the other hand, aftermarket market automotive wear and tear components and products accounts for nearly half of the total automotive aftermarket sales 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.

Additionally, new market players are entering into this segment with digitally-linked business models in order to exploit the market opportunities. 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, Michelin bought 40% shares of French online tire retailer Allopneus, and then acquired the British tire e-retailer Blackcircles. Together, the products and services in automotive aftermarket landscape are an imperative part of the overall automotive industry as they provide extensive revenue of approximately USD 763 billion globally (2017) or about 20% of total automotive sector revenues and greater profitability than most of the industry’s other subsectors. Further, the automotive aftermarket industry is likely to expand at a CAGR of 3.2% .

Global Automotive Aftermarket Market Segmentation

By AfterMarket 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 52% in automotive aftermarket industry. On the other hand, services segment is the fastest growing segment which is likely to expand at a CAGR of +7% 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

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
  • Rest of the World {Market Share (%), Market Size (USD Billion))} Automotive Aftermarket Industry

Based on geography, North America dominated the global aftermarket industry with about 35% market share of global automotive aftermarket industry. On the other hand, Asia Pacific region is the fastest growing region for automotive aftermarket industry majorly fueled by the China and the regional market value is expected to increase at a CAGR of +6.4% during the forecast period. Developing regions such as Eastern Europe, Brazil, China and India are expected to be the growth engines for automotive aftermarket industry during the forecast period.    

Automotive Aftermarket Industry Trends, Drivers, and Challenges

The report covers the present ground scenario and the future growth prospects of the automotive aftermarket for 2017-2030 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 regions. Global automotive aftermarket market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Global Automotive Aftermarket Market Outlook 2017-2030, 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 global 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. “Global 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.

COVID-19 impact on "Global Automotive Aftermarket"

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 "Global Automotive Aftermarket" 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.

Key Market Players

Our Global 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
  • 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 Global 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 prospects

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Global Automotive Aftermarket Outlook : By AfterMarket Products and Services Type, By End Users Type, By Distribution Channels, By Geography with COVID-19 impact | Forecast Period 2017-2030

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