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Automotive Aftermarket Size, Share & Trends Analysis Report by Replacement Part (Tire, Battery, Brake Parts, Filters), by Distribution Channel, by Service Channel, by Certification, by Region, and Segment Forecasts, 2022-2030

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    Report

  • 100 Pages
  • April 2022
  • Region: Global
  • Grand View Research
  • ID: 4479732

FEATURED COMPANIES

  • 3M
  • Continental AG
  • Delphi Automotive PLC
  • Denso Corporation
  • Federal-Mogul Corporation
  • Magneti Marelli S.p.A.
The global automotive aftermarket size is expected to reach USD 559.9 billion by 2030. The market is anticipated to expand at a CAGR of 3.4% from 2022 to 2030. Digitalization of automotive repair and 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, electric vehicles, 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 the developing countries, such as India and Brazil, and is expected to drive the growth of the automobile industry in the region. Similar surges in the automotive manufacturing sector across various regions along with the increasingly stringent emissions norms are expected to drive the growth of component sales over the forecast period. Third-party services and technology offer new and profitable revenue streams, to leverage all these opportunities. In addition, the industry requires investment in product development, supply chain, organizational design, and pricing model to create a great surge in demand. The rise of digital channels or social media influence is also fueling the sale. These online channels provide customers with all the information regarding the price of the past, and the prior user experience, making the purchasing process smoother.

To support the initiatives for leveraging market foothold, the manufacturers in developing countries are adopting various strategies, including mergers, acquisitions and partnerships. The Asia Pacific regional market is expected to be the fastest-growing market for aftermarkets over the forecast period, owing to its developing living standards and high vehicle production. It is also anticipated to be the fastest-growing market in automobile production. With the growing penetration and acceptance of gas and hybrid electric cars, specialized repair centers dedicated to repairing of particular vehicles are expected to increase. The global aftermarket is expected to witness tremendous growth due to an upsurge in the number of vehicle collisions along with the inclination of owners toward the repair of their automobiles.

Automotive Aftermarket Report Highlights

  • The industry is estimated to grow significantly over the forecast period, owing to an increase in the number of lightweight vehicles coupled with the increasing age of the light vehicle fleet.
  • While technological advancements erupted the challenges and disruption for the manufacturing industry. However, it has also brought opportunities and real growth.
  • Innovation business models and solutions provided by the manufacturers and growing investment in the same are expected to create sustainable growth opportunities for the market.
  • North America has a higher technology adoption rate, which is anticipated to result in faster and higher adoption of hybrid electric automobiles in the region as compared to the other geographies.
  • The global aftermarket is anticipated to witness a phase change attributable to the growing proportion of specialized automotive collision repair centers that are dedicated toward serving specific vehicles such as alternate fuel powered vehicles .


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Frequently Asked Questions about the Global Automotive AfterMarket

What is the estimated value of the Global Automotive AfterMarket?

The Global Automotive AfterMarket was estimated to be valued at $427.5 Billion in 2022.

What is the growth rate of the Global Automotive AfterMarket?

The growth rate of the Global Automotive AfterMarket is 3.4%, with an estimated value of $559.9 Billion by 2030.

What is the forecasted size of the Global Automotive AfterMarket?

The Global Automotive AfterMarket is estimated to be worth $559.9 Billion by 2030.

Who are the key companies in the Global Automotive AfterMarket?

Key companies in the Global Automotive AfterMarket include 3M, Continental AG, COOPER TIRE & RUBBER COMPANY, Delphi Automotive PLC, Denso Corporation, Federal, Mogul Corporation, Magneti Marelli S.p.A. and The Goodyear Tire & Rubber Company.

FEATURED COMPANIES

  • 3M
  • Continental AG
  • Delphi Automotive PLC
  • Denso Corporation
  • Federal-Mogul Corporation
  • Magneti Marelli S.p.A.

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Automotive aftermarket-Market Snapshot & Key Buying Criteria, 2017-2030
Chapter 3 Automotive Aftermarket Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Automotive Aftermarket Size and Growth Prospects
3.3 Automotive aftermarket-Value Chain Analysis
3.3.1 Automotive aftermarket-Supply chain analysis
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Advanced technology usage in auto parts fabrication
3.4.1.2 Surge in consumer and passenger automobile production
3.4.1.3 Digitalization of automotive repair & maintenance services
3.4.1.4 Increasing stringency of emission & fuel efficiency regulations and engine downsizing
3.4.2 Market Restraint Analysis
3.4.2.1 Counterfeiting of auto components
3.4.2.2 Growing demand for electric vehicles
3.5 Penetration & Growth Prospect Mapping
3.6 Industry Analysis-Porter’s
3.7 Global Automotive Aftermarket-Key Company Analysis, 2021
3.7.1 Key company analysis, 2021
3.8 Automotive Aftermarket-PESTEL Analysis
3.9 Distribution Channel Analysis, 2021
Chapter 4 Automotive Aftermarket: Replacement Part Estimates and Trend Analysis
4.1 Automotive Aftermarket: Replacement Part Movement Analysis
4.1.1 Tire
4.1.1.1 Basic Part
4.1.1.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.1.2 Performance Part
4.1.1.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.2 Battery
4.1.2.1 Basic Part
4.1.2.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.2.2 Performance Part
4.1.2.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.3 Brake parts
4.1.3.1 Basic Part
4.1.3.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.3.2 Performance Part
4.1.3.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.4 Filters
4.1.4.1 Basic Part
4.1.4.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.4.2 Performance Part
4.1.4.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.5 Body parts
4.1.5.1 Basic Part
4.1.5.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.5.2 Performance Part
4.1.5.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.6 Lighting & electronic components
4.1.6.1 Basic Part
4.1.6.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.6.2 Performance Part
4.1.6.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.7 Wheels
4.1.7.1 Basic Part
4.1.7.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.7.2 Performance Part
4.1.7.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.8 Exhaust components
4.1.8.1 Basic Part
4.1.8.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.8.2 Performance Part
4.1.8.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.9 Turbochargers
4.1.9.1 Basic Part
4.1.9.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.9.2 Performance Part
4.1.9.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.10 Others
4.1.10.1 Basic Part
4.1.10.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
4.1.10.2 Performance Part
4.1.10.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
Chapter 5 Automotive Aftermarket: Distribution Channel Estimates and Trend Analysis
5.1 Automotive Aftermarket: Distribution Channel Movement Analysis
5.1.1 Retailers
5.1.1.1 Retail Channels
5.1.1.1.1 OEM Channel
5.1.1.1.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
5.1.1.1.2 Retail Shops Channel
5.1.1.1.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
5.1.2 Wholesale & Distribution (W&D)
5.1.2.1 Online and Brick & Motor Market
5.1.2.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
Chapter 6 Automotive Aftermarket: Service Channel Estimates and Trend Analysis
6.1 Automotive Aftermarket: Service Channel Movement Analysis
6.1.1 Do It Yourself (DIY)
6.1.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
6.1.2 Do It For Me (DIFM)
6.1.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
6.1.3 Original Equipment (OE)
6.1.3.1 Market estimates and forecasts, 2017-2030 (USD Billion)
Chapter 7 Automotive Aftermarket: Certification Estimates and Trend Analysis
7.1 Automotive Aftermarket: Certification Movement Analysis
7.1.1 Genuine Parts
7.1.1.1 Manufacturing Type
7.1.1.1.1 Newly Manufactured
7.1.1.1.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.1.1.2 Remanufactured
7.1.1.1.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.1.1.3 Rebuilt
7.1.1.1.3.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.1.1.4 Reused
7.1.1.1.4.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.1.2 Source Type
7.1.1.2.1 OEM Authorized Repair Shops
7.1.1.2.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.1.2.2 Car Maker Repair Shops
7.1.1.2.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)`
7.1.1.2.3 Independent Repair Shops
7.1.1.2.3.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.2 Certified Parts
7.1.2.1 Manufacturing Type
7.1.2.1.1 Newly Manufactured
7.1.2.1.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.2.1.2 Remanufactured
7.1.2.1.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.2.1.3 Rebuilt
7.1.2.1.3.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.2.1.4 Reused
7.1.2.1.4.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.2.2 Source Type
7.1.2.2.1 OEM Authorized Repair Shops
7.1.2.2.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.2.2.2 Car Maker Repair Shops
7.1.2.2.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.2.2.3 Independent Repair Shops
7.1.2.2.3.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.3 Uncertified Parts
7.1.3.1 Manufacturing Type
7.1.3.1.1 Newly Manufactured
7.1.3.1.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.3.1.2 Remanufactured
7.1.3.1.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.3.1.3 Rebuilt
7.1.3.1.3.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.3.1.4 Reused
7.1.3.1.4.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.3.2 Source Type
7.1.3.2.1 OEM Authorized Repair Shops
7.1.3.2.1.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.3.2.2 Car Maker Repair Shops
7.1.3.2.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.1.3.2.3 Independent Repair Shops
7.1.3.2.3.1 Market estimates and forecasts, 2017-2030 (USD Billion)
7.2 Automotive Counterfeit Market
7.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
Chapter 8 Automotive Aftermarket: Regional Estimates & Trend Analysis
8.1 Automotive Aftermarket Share by Region, 2021 & 2030
8.2 North America
8.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
8.2.2 U.S.
8.2.2.1.Market estimates and forecasts, 2017-2030 (USD Billion)
8.2.3 Canada
8.2.3.1 Market estimates and forecasts, 2017-2030 (USD Billion)
8.2.4 Mexico
8.2.4.1 Market estimates and forecasts, 2017-2030 (USD Billion)
8.3 Europe
8.3.1 Market estimates and forecasts, 2017-2030 (USD Billion)
8.3.2 Germany
8.3.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
8.3.3 U.K.
8.3.3.1 Market estimates and forecasts, 2017-2030 (USD Billion)
8.3.4 France
8.3.4.1 Market estimates and forecasts, 2017-2030 (USD Billion)
8.4 Asia Pacific
8.4.1 Market estimates and forecasts, 2017-2030 (USD Billion)
8.4.2 China
8.4.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
8.4.3 Japan
8.4.3.1 Market estimates and forecasts, 2017-2030 (USD Billion)
8.4.4 India
8.4.4.1 Market estimates and forecasts, 2017-2030 (USD Billion)
8.5 South America
8.5.1 Market estimates and forecasts, 2017-2030 (USD Billion)
8.5.2 Brazil
8.5.2.1 Market estimates and forecasts, 2017-2030 (USD Billion)
8.6 Middle East & Africa
8.6.1 Market estimates and forecasts, 2017-2030 (USD Billion)
Chapter 9 Competitive Landscape
9.1 Company Profiles
9.1.1 3M
9.1.1.1 Company overview
9.1.1.2 Financial performance
9.1.1.3 Product benchmarking
9.1.1.4 Strategic initiatives
9.1.2 Continental AG
9.1.2.1 Company overview
9.1.2.2 Financial performance
9.1.2.3 Product benchmarking
9.1.2.4 Recent developments
9.1.3 COOPER TIRE & RUBBER COMPANY
9.1.3.1 Company overview
9.1.3.2 Financial performance
9.1.3.3 Product benchmarking
9.1.3.4 Strategic initiatives
9.1.4 Delphi Automotive PLC
9.1.4.1 Company overview
9.1.4.2 Financial performance
9.1.4.3 Product benchmarking
9.1.4.4 Recent developments
9.1.5 Denso Corporation
9.1.5.1 Company overview
9.1.5.2 Financial performance
9.1.5.3 Product Benchmarking
9.1.5.4 Strategic initiatives
9.1.6 Federal-Mogul Corporation
9.1.6.1 Company overview
9.1.6.2 Financial performance
9.1.6.3 Product benchmarking
9.1.6.4 Strategic initiatives
9.1.7 Magneti Marelli S.p.A.
9.1.7.1 Company overview
9.1.7.2 Product benchmarking
9.1.7.3 Recent developments
9.1.8 Robert Bosch GmbH
9.1.8.1 Company overview
9.1.8.2 Financial Performance
9.1.8.3 Product benchmarking
9.1.8.4 Recent developments
9.1.9 The Goodyear Tire & Rubber Company
9.1.9.1 Company overview
9.1.9.2 Product benchmarking
9.1.9.3 Recent developments
9.1.10 ZF Friedrichshafen AG (ZF TRW)
9.1.10.1 Company overview
9.1.10.2 Financial performance (ZF Friedrichshafen AG)
9.1.10.3 Product benchmarking
9.1.10.4 Strategic initiatives
  • 3M
  • Continental AG
  • COOPER TIRE & RUBBER COMPANY
  • Delphi Automotive PLC
  • Denso Corporation
  • Federal-Mogul Corporation
  • Magneti Marelli S.p.A.
  • Robert Bosch GmbH
  • The Goodyear Tire & Rubber Company
  • ZF Friedrichshafen AG (ZF TRW)

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