Automotive

Automotive Aftermarket Size to Reach US$ 550.25 billion by 2030

The global automotive aftermarket size is expected to be worth around US$ 550.25 billion by 2030, according to a new report by Vision Research Reports.

The global automotive aftermarket size was valued at US$ 395.10 billion in 2020 and is anticipated to grow at a CAGR of 4.8% during forecast period 2021 to 2030.

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Automotive Aftermarket (By Replacement Parts: Tire, Battery, Brake Parts, Filters, Body Parts, Lighting & Electronic Components, Wheels, Exhaust Components, Turbochargers, Others By Distribution Channel: Retailers, 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) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope Details
Market Size USD 550.25 billion by 2030
Growth Rate CAGR of 4.8% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Replacement parts, Distribution channel, Certification, Service Channel,
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned 3M Company; Continental AG; Cooper Tire & Rubber Company; Delphi Automotive PLC; Denso Corporation; Federal-Mogul Corporation; HELLA KGaA Hueck & Co.; Robert Bosch GmbH; Valeo Group; ZF Friedrichshafen AG

Growth Factors

 Digitalization of automotive repair & component sales complemented by advanced technology incorporations in the automobile aftermarket component manufacturing is expected to boost the market growth. The surging reception of semi-autonomous, EV and hybrid and autonomous cars in the years to come is further expected to bolster the demand for new components.

Furthermore, the increasing vehicle penetration is driven by the overall improvement of lifestyle in developing countries, such as India and Brazil, and is expected to drive the growth of the automobile industry in these regions. Similar surges in the automotive manufacturing sector across various regions along with the increasingly stringent emissions norms are expected to drive the growth of the aftermarket component sales over the forecast period.

Key Players

  • 3M Company
  • Continental AG
  • Cooper Tire & Rubber Company
  • Delphi Automotive PLC
  • Denso Corporation
  • Federal-Mogul Corporation
  • HELLA KGaA Hueck & Co.
  • Robert Bosch GmbH
  • Valeo Group
  • ZF Friedrichshafen AG

Market Segmentation

  • Replacement Parts
    • Tire
    • Battery
    • Brake Parts
    • Filters
    • Body Parts
    • Lighting & Electronic Components
    • Wheels
    • Exhaust Components
    • Turbochargers
    • Others
  • Distribution Channel
    • Retailers
      • OEMs
      • Repair Shops
    • Wholesalers & Distributors
  • Service Channel
    • DIY (Do it Yourself)
    • DIFM (Do it for Me)
    • OE (Delegating to OEM’s)
  • Certification
    • Genuine Parts
    • Certified Parts
    • Uncertified Parts
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • Japan
      • India
    • South America
      • Brazil
    • MEA

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Automotive Aftermarket, By Replacement Parts

7.1.  Automotive Aftermarket, by Replacement Parts, 2021-2030

7.1.1.    Tire

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Battery

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Brake Parts

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Filters

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Body Parts

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    Lighting & Electronic Components

7.1.6.1.        Market Revenue and Forecast (2017-2030)

7.1.7.    Wheels

7.1.7.1.        Market Revenue and Forecast (2017-2030)

7.1.8.    Exhaust Components

7.1.8.1.        Market Revenue and Forecast (2017-2030)

7.1.9.    Turbochargers

7.1.9.1.        Market Revenue and Forecast (2017-2030)

7.1.10.  Others

7.1.10.1.      Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Automotive Aftermarket, By Distribution Channel

8.1.  Automotive Aftermarket, by Distribution Channel, 2021-2030

8.1.1.    Retailers

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Wholesalers & Distributors

8.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Automotive Aftermarket, By Service Channel

9.1.  Automotive Aftermarket, by Service Channel, 2021-2030

9.1.1.    DIY (Do it Yourself)

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    DIFM (Do it for Me)

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    OE (Delegating to OEM’s)

9.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Automotive Aftermarket, By Certification

10.1.        Automotive Aftermarket, by Certification, 2021-2030

10.1.1.  Genuine Parts

10.1.1.1.      Market Revenue and Forecast (2017-2030)

10.1.2.  Certified Parts

10.1.2.1.      Market Revenue and Forecast (2017-2030)

10.1.3.  Uncertified Parts

10.1.3.1.      Market Revenue and Forecast (2017-2030)

Chapter 11.      Global Automotive Aftermarket, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.1.2.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.1.3.  Market Revenue and Forecast, by Service Channel (2017-2030)

11.1.4.  Market Revenue and Forecast, by Certification (2017-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.1.5.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.1.5.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.1.5.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.1.6.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.1.6.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.1.6.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.2.2.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.2.3.  Market Revenue and Forecast, by Service Channel (2017-2030)

11.2.4.  Market Revenue and Forecast, by Certification (2017-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.2.5.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.2.5.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.2.5.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.2.6.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.2.6.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.2.6.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.2.7.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.2.7.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.2.7.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.2.8.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.2.8.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.2.8.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.3.2.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.3.3.  Market Revenue and Forecast, by Service Channel (2017-2030)

11.3.4.  Market Revenue and Forecast, by Certification (2017-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.3.5.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.3.5.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.3.5.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.3.6.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.3.6.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.3.6.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.3.7.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.3.7.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.3.7.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.3.8.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.3.8.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.3.8.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.4.2.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.4.3.  Market Revenue and Forecast, by Service Channel (2017-2030)

11.4.4.  Market Revenue and Forecast, by Certification (2017-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.4.5.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.4.5.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.4.5.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.4.6.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.4.6.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.4.6.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.4.7.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.4.7.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.4.7.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.4.8.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.4.8.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.4.8.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.5.2.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.5.3.  Market Revenue and Forecast, by Service Channel (2017-2030)

11.5.4.  Market Revenue and Forecast, by Certification (2017-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.5.5.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.5.5.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.5.5.4.      Market Revenue and Forecast, by Certification (2017-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Replacement Parts (2017-2030)

11.5.6.2.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.5.6.3.      Market Revenue and Forecast, by Service Channel (2017-2030)

11.5.6.4.      Market Revenue and Forecast, by Certification (2017-2030)

Chapter 12.  Company Profiles

12.1.              3M Company

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              Continental AG

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              Cooper Tire & Rubber Company

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              Delphi Automotive PLC

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              Denso Corporation

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              Federal-Mogul Corporation

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              HELLA KGaA Hueck & Co.

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              Robert Bosch GmbH

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.              Valeo Group

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.           ZF Friedrichshafen AG

12.10.1.               Company Overview

12.10.2.               Product Offerings

12.10.3.               Financial Performance

12.10.4.               Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

14.2.              Glossary of Terms

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