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Automotive Aftermarket Market

Automotive Aftermarket - Global Market Outlook (2019-2027)

4.3 (54 reviews)
Published: July 2020 ID: SMRC19527
4.3 (54 reviews)
Published: July 2020 ID: SMRC19527

This report covers the impact of COVID-19 on this global market

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

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

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