Automotive Aftermarket Market
Automotive Aftermarket - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Automotive Aftermarket Market is accounted for $400.65 billion in 2019 and is expected to reach $638.58 billion by 2027 growing at a CAGR of 6.0% during the forecast period. Technological advancements and standardizing architecture, increasing use of light vehicles, and advanced technology usage in auto parts fabrication are the major factors driving the growth of the market. However, counterfeiting of auto components and growing demand for electric vehicles are hampering the growth of the market.
The automotive aftermarket is the secondary market of the automotive industry. It is one of the vigorous, highly complex, and competitive markets that are generally concerned with retailing, manufacturing, remanufacturing, and distribution. Besides, the after-sales sector includes accessories, installation of all vehicle parts, equipment and chemicals after selling the products by the original equipment manufacturers (OEMs) to the buyers. The automotive aftermarket is a diverse market that majorly deals with maintenance, repair, and post-sale services. Automotive aftermarket comprises the process of replacement of the part damaged due to accident or crash. There is a wide range of parts of different quality and prices for numerous different vehicle models. With the need for new and advanced vehicles, the demand for the automotive parts is growing.
Based on the vehicle type, the passenger cars segment is going to have a lucrative growth during the forecast period owing to the increasing demand for passenger cars. The automotive aftermarket plays a significant role in the passenger cars manufacturing and maintenance scheme as the passenger cars components need to be replaced on time to maintain the overall performance of the vehicle.
By geography, Europe is going to have a lucrative growth during the forecast period due to the high adoption rate of advanced technologies in the fabrication of auto parts. This, coupled with the increasing digitization of components sales, will ensure Europe retains its runner-up position in this market shortly.
Some of the key players profiled in the Automotive Aftermarket Market include 3M, Bridgestone Corporation, Continental AG, Cooper Tire & Rubber Company, Delphi Automotive PLC, Denso Corporation, Federal-Mogul Corporation, Hyundai Mobis Co., Ltd, Magna International, Inc, Magneti Marelli S.p.A, Robert Bosch GmbH, Shandong Zhengnuo Group Co., Ltd, The Goodyear Tire & Rubber Company, Toyota Motor Corporation, and ZF Friedrichshafen AG (ZF TRW).
Types Covered:
• Replacement Part
• Accessories
Certifications Covered:
• Genuine Parts
• Certified Parts
• Uncertified Parts
• Steering Parts
Sales Outlets Covered:
• Garages and Service Stations
• Automobile Dealerships
• Government
• Commercial Fleet
• Quick Lubes
Service Channels Covered:
• Do It Yourself (DIY)
• Do It For Me (DIFM)
• Original Equipment (OE)
Distribution Channels Covered:
• Retailers
• Wholesale & Distribution (W&D)
Vehicle Types Covered:
• Passenger Cars
• Commercial Vehicles
• Two-Wheelers
Materials Covered:
• Metals & Alloys
• Composites
• Plastics
Products Covered:
• Wear-and-Tear Parts
• Crash-Relevant Parts
• Diagnostic Products
End Users Covered:
• Telematics
• Independent Workshops
• Fleet Management
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Aftermarket Market, By Type
5.1 Introduction
5.2 Replacement Part
5.2.1 Belt
5.2.2 Brakes
5.2.3 Clutch
5.2.4 Electrical Parts
5.2.5 Lighting
5.2.6 Turbochargers
5.2.7 Exhaust
5.2.8 Filters
5.2.9 Suspensions
5.2.10 Transmission
5.2.11 Wiper Parts
5.2.12 Tire
5.2.13 Battery
5.2.14 Body Parts
5.2.15 Wheels
5.2.16 Hoses
5.2.17 Engine Components
5.2.18 Motor Oils
5.2.19 Fluids & Additives
5.2.20 Spark Plugs
5.2.21 Bearings
5.2.22 Gaskets & Seals
5.3 Accessories
5.3.1 Car Exteriors
5.3.2 Car Interiors
6 Global Automotive Aftermarket Market, By Certification
6.1 Introduction
6.2 Genuine Parts
6.3 Certified Parts
6.4 Uncertified Parts
6.5 Steering Parts
7 Global Automotive Aftermarket Market, By Sales Outlet
7.1 Introduction
7.2 Garages and Service Stations
7.3 Automobile Dealerships
7.4 Government
7.5 Commercial Fleet
7.6 Quick Lubes
8 Global Automotive Aftermarket Market, By Service Channel
8.1 Introduction
8.2 Do It Yourself (DIY)
8.2.1 Discount Department Stores
8.2.2 Auto Parts Stores
8.3 Do It For Me (DIFM)
8.4 Original Equipment (OE)
9 Global Automotive Aftermarket Market, By Distribution Channel
9.1 Introduction
9.2 Retailers
9.3 Wholesale & Distribution (W&D)
10 Global Automotive Aftermarket Market, By Vehicle Type
10.1 Introduction
10.2 Passenger Cars
10.3 Commercial Vehicles
10.3.1 Light Commercial Vehicles
10.3.2 Heavy Commercial Vehicles
10.4 Two-Wheelers
11 Global Automotive Aftermarket Market, By Material
11.1 Introduction
11.2 Metals & Alloys
11.3 Composites
11.4 Plastics
12 Global Automotive Aftermarket Market, By Product
12.1 Introduction
12.2 Wear-and-Tear Parts
12.3 Crash-Relevant Parts
12.4 Diagnostic Products
13 Global Automotive Aftermarket Market, By End User
13.1 Introduction
13.2 Telematics
13.3 Independent Workshops
13.4 Fleet Management
14 Global Automotive Aftermarket Market, By Geography
14.1 Introduction
14.2 North America
14.2.1 US
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 Italy
14.3.4 France
14.3.5 Spain
14.3.6 Rest of Europe
14.4 Asia Pacific
14.4.1 Japan
14.4.2 China
14.4.3 India
14.4.4 Australia
14.4.5 New Zealand
14.4.6 South Korea
14.4.7 Rest of Asia Pacific
14.5 South America
14.5.1 Argentina
14.5.2 Brazil
14.5.3 Chile
14.5.4 Rest of South America
14.6 Middle East & Africa
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Qatar
14.6.4 South Africa
14.6.5 Rest of Middle East & Africa
15 Key Developments
15.1 Agreements, Partnerships, Collaborations and Joint Ventures
15.2 Acquisitions & Mergers
15.3 New Product Launch
15.4 Expansions
15.5 Other Key Strategies
16 Company Profiling
16.1 3M
16.2 Bridgestone Corporation
16.3 Continental AG
16.4 Cooper Tire & Rubber Company
16.5 Delphi Automotive PLC
16.6 Denso Corporation
16.7 Federal-Mogul Corporation
16.8 Hyundai Mobis Co., Ltd
16.9 Magna International, Inc
16.10 Magneti Marelli S.p.A
16.11 Robert Bosch GmbH
16.12 Shandong Zhengnuo Group Co., Ltd
16.13 The Goodyear Tire & Rubber Company
16.14 Toyota Motor Corporation
16.15 ZF Friedrichshafen AG (ZF TRW)
List of Tables
1 Global Automotive Aftermarket Market Outlook, By Region (2018-2027) ($MN)
2 Global Automotive Aftermarket Market Outlook, By Type (2018-2027) ($MN)
3 Global Automotive Aftermarket Market Outlook, By Replacement Part (2018-2027) ($MN)
4 Global Automotive Aftermarket Market Outlook, By Belt (2018-2027) ($MN)
5 Global Automotive Aftermarket Market Outlook, By Brakes (2018-2027) ($MN)
6 Global Automotive Aftermarket Market Outlook, By Clutch (2018-2027) ($MN)
7 Global Automotive Aftermarket Market Outlook, By Electrical Parts (2018-2027) ($MN)
8 Global Automotive Aftermarket Market Outlook, By Lighting (2018-2027) ($MN)
9 Global Automotive Aftermarket Market Outlook, By Turbochargers (2018-2027) ($MN)
10 Global Automotive Aftermarket Market Outlook, By Exhaust (2018-2027) ($MN)
11 Global Automotive Aftermarket Market Outlook, By Filters (2018-2027) ($MN)
12 Global Automotive Aftermarket Market Outlook, By Suspensions (2018-2027) ($MN)
13 Global Automotive Aftermarket Market Outlook, By Transmission (2018-2027) ($MN)
14 Global Automotive Aftermarket Market Outlook, By Wiper Parts (2018-2027) ($MN)
15 Global Automotive Aftermarket Market Outlook, By Tire (2018-2027) ($MN)
16 Global Automotive Aftermarket Market Outlook, By Battery (2018-2027) ($MN)
17 Global Automotive Aftermarket Market Outlook, By Body Parts (2018-2027) ($MN)
18 Global Automotive Aftermarket Market Outlook, By Wheels (2018-2027) ($MN)
19 Global Automotive Aftermarket Market Outlook, By Hoses (2018-2027) ($MN)
20 Global Automotive Aftermarket Market Outlook, By Engine Components (2018-2027) ($MN)
21 Global Automotive Aftermarket Market Outlook, By Motor Oils (2018-2027) ($MN)
22 Global Automotive Aftermarket Market Outlook, By Fluids & Additives (2018-2027) ($MN)
23 Global Automotive Aftermarket Market Outlook, By Spark Plugs (2018-2027) ($MN)
24 Global Automotive Aftermarket Market Outlook, By Bearings (2018-2027) ($MN)
25 Global Automotive Aftermarket Market Outlook, By Gaskets & Seals (2018-2027) ($MN)
26 Global Automotive Aftermarket Market Outlook, By Accessories (2018-2027) ($MN)
27 Global Automotive Aftermarket Market Outlook, By Car Exteriors (2018-2027) ($MN)
28 Global Automotive Aftermarket Market Outlook, By Car Interiors (2018-2027) ($MN)
29 Global Automotive Aftermarket Market Outlook, By Certification (2018-2027) ($MN)
30 Global Automotive Aftermarket Market Outlook, By Genuine Parts (2018-2027) ($MN)
31 Global Automotive Aftermarket Market Outlook, By Certified Parts (2018-2027) ($MN)
32 Global Automotive Aftermarket Market Outlook, By Uncertified Parts (2018-2027) ($MN)
33 Global Automotive Aftermarket Market Outlook, By Steering Parts (2018-2027) ($MN)
34 Global Automotive Aftermarket Market Outlook, By Sales Outlet (2018-2027) ($MN)
35 Global Automotive Aftermarket Market Outlook, By Garages and Service Stations (2018-2027) ($MN)
36 Global Automotive Aftermarket Market Outlook, By Automobile Dealerships (2018-2027) ($MN)
37 Global Automotive Aftermarket Market Outlook, By Government (2018-2027) ($MN)
38 Global Automotive Aftermarket Market Outlook, By Commercial Fleet (2018-2027) ($MN)
39 Global Automotive Aftermarket Market Outlook, By Quick Lubes (2018-2027) ($MN)
40 Global Automotive Aftermarket Market Outlook, By Service Channel (2018-2027) ($MN)
41 Global Automotive Aftermarket Market Outlook, By Do It Yourself (DIY) (2018-2027) ($MN)
42 Global Automotive Aftermarket Market Outlook, By Discount Department Stores (2018-2027) ($MN)
43 Global Automotive Aftermarket Market Outlook, By Auto Parts Stores (2018-2027) ($MN)
44 Global Automotive Aftermarket Market Outlook, By Do It For Me (DIFM) (2018-2027) ($MN)
45 Global Automotive Aftermarket Market Outlook, By Original Equipment (OE) (2018-2027) ($MN)
46 Global Automotive Aftermarket Market Outlook, By Distribution Channel (2018-2027) ($MN)
47 Global Automotive Aftermarket Market Outlook, By Retailers (2018-2027) ($MN)
48 Global Automotive Aftermarket Market Outlook, By Wholesale & Distribution (W&D) (2018-2027) ($MN)
49 Global Automotive Aftermarket Market Outlook, By Vehicle Type (2018-2027) ($MN)
50 Global Automotive Aftermarket Market Outlook, By Passenger Cars (2018-2027) ($MN)
51 Global Automotive Aftermarket Market Outlook, By Commercial Vehicles (2018-2027) ($MN)
52 Global Automotive Aftermarket Market Outlook, By Light Commercial Vehicles (2018-2027) ($MN)
53 Global Automotive Aftermarket Market Outlook, By Heavy Commercial Vehicles (2018-2027) ($MN)
54 Global Automotive Aftermarket Market Outlook, By Two-Wheelers (2018-2027) ($MN)
55 Global Automotive Aftermarket Market Outlook, By Material (2018-2027) ($MN)
56 Global Automotive Aftermarket Market Outlook, By Metals & Alloys (2018-2027) ($MN)
57 Global Automotive Aftermarket Market Outlook, By Composites (2018-2027) ($MN)
58 Global Automotive Aftermarket Market Outlook, By Plastics (2018-2027) ($MN)
59 Global Automotive Aftermarket Market Outlook, By Product (2018-2027) ($MN)
60 Global Automotive Aftermarket Market Outlook, By Wear-and-Tear Parts (2018-2027) ($MN)
61 Global Automotive Aftermarket Market Outlook, By Crash-Relevant Parts (2018-2027) ($MN)
62 Global Automotive Aftermarket Market Outlook, By Diagnostic Products (2018-2027) ($MN)
63 Global Automotive Aftermarket Market Outlook, By End User (2018-2027) ($MN)
64 Global Automotive Aftermarket Market Outlook, By Telematics (2018-2027) ($MN)
65 Global Automotive Aftermarket Market Outlook, By Independent Workshops (2018-2027) ($MN)
66 Global Automotive Aftermarket Market Outlook, By Fleet Management (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
