Automotive Aftermarket to Expand at a CAGR of 4.8 % from 2021 to 2030

The worldwide Automotive Aftermarket measurement is anticipated to achieve USD 550.25 billion by 2030 and is anticipated to increase at a CAGR of 4.8% from 2021 to 2030.

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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.

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

By Replacement Parts Analysis 

In terms of market size, the others segment accounted the market with a share of 50.19% in 2020. The tire segment would be the largest in terms of the replacement part and is anticipated to dominate the market in terms of size.

The aftermarket replacement part suppliers comprise various accessories suppliers, lubricants, tire suppliers, and other component replacement suppliers. Further, the industry value chain comprises service enablers such as repairing services providers and entertainment service providers.

Growth in the disposable proceeds of patrons in developing nations, such as China and Brazil, is expected to positively impact the growth rate of the market. The growing demand for locomotives is projected to trigger the demand for automobile component sales.

By Distribution Channel Analysis 

In terms of market size, the retail segment accounted the market with a share of 58.2% in 2020. The retail segment is anticipated to dominate the market arena in terms of size by 2028. The Wholesale and distribution segment would witness relatively fast growth in terms of revenue from 2021 to 2028.

The increasing influence of technological advancement is transforming the market towards digitization. The aftermarket is going online, and the marketplace is changing. Parts and services are being sold online. Every player in the value chain such as Original Equipment Manufacturers (OEMs), Original Equipment Suppliers (OESs),

By Service Channel Analysis

In terms of market size, the original equipment segment accounted the market with a share of 73.9% in 2020. The OE segment is anticipated to dominate the aftermarket arena in terms of size by 2028. The DIY segment would witness relatively fast growth in terms of revenue from 2021 to 2028.

The aftermarket service channel comprises members such as raw material suppliers, tier 1 distributors, automobile exhaust hubs/ manufacturing units, and aftermarket units comprising jobbers and ultimately the repair shops. Repair centers are the important stakeholders in the service channel.

By Certification Analysis

In terms of market size, the genuine parts segment accounted the market with a share of 53.2% in 2020. The genuine parts segment is anticipated to dominate the aftermarket arena in terms of size by 2028. The uncertified segment would witness relatively fast growth in terms of revenue from 2021 to 2030.

Certified parts are cost-effective alternatives to costly genuine parts. Uncertified parts can be used instead of the original automotive parts. Uncertified parts are not approved by the carmaker. However, the low cost of uncertified parts creates significant growth opportunities for the segment in the forthcoming years.

By Regional Analysis

Asia Pacific accounted the market with a revenue share of 29.0% in 2020. Asia Pacific market is also expected to deliver significant growth from 2021 to 2030. Advanced technology usage in the fabrication of auto parts, a surge in consumer and passenger automobile production and sales, and digitalization of automotive component delivery services are anticipated to spur automotive sales in the region.

The prototype is anticipated to show better results than the existing automobiles. Such rules have pressurized the component suppliers to produce environment-friendly, high-efficiency automotive components for the native and global markets. Over the past few years, emerging economies, comprising China, India, and Brazil, have validated insistent developments, which are expected to bid on thriving prospects to the segment growth in the Asia Pacific region.

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

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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

Table of Contents

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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