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Passenger Cars After Market Global Market Report 2021: COVID-19 Growth and Change to 2030

  • ID: 5446111
  • Report
  • September 2021
  • Region: Global
  • 175 Pages
  • The Business Research Company

FEATURED COMPANIES

  • 3M company
  • Aptiv PLC
  • Denso Corporation
  • Hyundai Mobis Co. Ltd
  • MAHLE GmbH
  • Schaeffler AG

Passenger Cars After Market Global Market Report 2021: COVID-19 Growth and Change to 2030 provides strategists, marketers and senior management with the critical information they need to assess the global passenger cars after market.



The report focuses on the passenger cars after market which is experiencing strong growth. The report gives a guide to the passenger cars after market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.


Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing area for the passenger cars after market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Passenger Cars After market Global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.


  • The Market Characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

 


Markets Covered:

  • By Type: Tires; Battery; Brake parts; Filters; Body parts; Lighting; Wheels; Exhaust components; Turbochargers; Others
  • By Distribution Channel: Retailers (OEM's; Repair Shops); Wholesalers & Distributors
  • By Certifications: Genuine Parts; Certified Parts; Uncertified Parts

Companies Mentioned:

Denso Corporation; Robert Bosch GmbH; Continental AG; 3M company; Delphi Automotive PLC


Countries:

Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA


Regions:

Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa


Time Series:

Five years historic and ten years forecast.


Data Segmentations:

Country and regional historic and forecast data, market share of competitors, market segments.


Sourcing and Referencing:

Data and analysis throughout the report is sourced using end notes.




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Frequently Asked Questions about the Global Passenger Cars Aftermarket

What is the estimated value of the Global Passenger Cars Aftermarket?

The Global Passenger Cars Aftermarket was estimated to be valued at $247.5 billion in 2021.

What is the growth rate of the Global Passenger Cars Aftermarket?

The growth rate of the Global Passenger Cars Aftermarket is 4.0%, with an estimated value of $289.4 billion by 2025.

What is the forecasted size of the Global Passenger Cars Aftermarket?

The Global Passenger Cars Aftermarket is estimated to be worth $289.4 billion by 2025.

Who are the key companies in the Global Passenger Cars Aftermarket?

Key companies in the Global Passenger Cars Aftermarket include Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M company, Delphi Automotive PLC, ZF friedrichshafen AG, Magneti Marelli S.p.A, Cooper tire & Rubber Company and Mogul Corporation.

FEATURED COMPANIES

  • 3M company
  • Aptiv PLC
  • Denso Corporation
  • Hyundai Mobis Co. Ltd
  • MAHLE GmbH
  • Schaeffler AG


1. Executive Summary2. Passenger Cars After Market Market Characteristics3. Passenger Cars After Market Market Trends and Strategies4. Impact Of COVID-19 On Passenger Cars After Market
5. Passenger Cars After Market Market Size and Growth
5.1. Global Passenger Cars After Market Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Passenger Cars After Market Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Passenger Cars After Market Market Segmentation
6.1. Global Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Tires
  • Battery
  • Brake parts
  • Filters
  • Body parts
  • Lighting
  • Wheels
  • Exhaust components
  • Turbochargers
  • Others


6.2. Global Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Retailers (OEM's
  • Repair Shops)
  • Wholesalers & Distributors


6.3. Global Passenger Cars After Market Market, Segmentation by Certifications, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Genuine Parts
  • Certified Parts
  • Uncertified Parts


7. Passenger Cars After Market Market Regional and Country Analysis
7.1. Global Passenger Cars After Market Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Passenger Cars After Market Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Passenger Cars After Market Market
8.1. Asia-Pacific Passenger Cars After Market Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies


8.2. Asia-Pacific Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Passenger Cars After Market Market
9.1. China Passenger Cars After Market Market Overview
9.2. China Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Passenger Cars After Market Market
10.1. India Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Passenger Cars After Market Market
11.1. Japan Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Passenger Cars After Market Market
12.1. Australia Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Passenger Cars After Market Market
13.1. Indonesia Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Passenger Cars After Market Market
14.1. South Korea Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Passenger Cars After Market Market
15.1. Western Europe Passenger Cars After Market Market Overview
15.2. Western Europe Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Passenger Cars After Market Market
16.1. UK Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Passenger Cars After Market Market
17.1. Germany Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Passenger Cars After Market Market
18.4. France Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Passenger Cars After Market Market
19.1. Eastern Europe Passenger Cars After Market Market Overview
19.2. Eastern Europe Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Passenger Cars After Market Market
20.1. Russia Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Passenger Cars After Market Market
21.1. North America Passenger Cars After Market Market Overview
21.2. North America Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Passenger Cars After Market Market
22.1. USA Passenger Cars After Market Market Overview
22.2. USA Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Passenger Cars After Market Market
23.1. South America Passenger Cars After Market Market Overview
23.2. South America Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Passenger Cars After Market Market
24.1. Brazil Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Passenger Cars After Market Market
25.1. Middle East Passenger Cars After Market Market Overview
25.2. Middle East Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Passenger Cars After Market Market
26.1. Africa Passenger Cars After Market Market Overview
26.2. Africa Passenger Cars After Market Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Passenger Cars After Market Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Passenger Cars After Market Market Competitive Landscape and Company Profiles
27.1. Passenger Cars After Market Market Competitive Landscape
27.2. Passenger Cars After Market Market Company Profiles
27.2.1. Denso Corporation
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Robert Bosch Gmbh
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Continental AG
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. 3M company
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Delphi Automotive PLC
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers and Acquisitions in the Passenger Cars After Market Market29. Passenger Cars After Market Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer

FEATURED COMPANIES

  • 3M company
  • Aptiv PLC
  • Denso Corporation
  • Hyundai Mobis Co. Ltd
  • MAHLE GmbH
  • Schaeffler AG
Major players in the passenger car aftermarket market are Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M company and Delphi Automotive PLC.

The global passenger cars aftermarket is expected to grow from $230.17 billion in 2020 to $247.49 billion in 2021 at a compound annual growth rate (CAGR) of 7.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $289.37 billion in 2025 at a CAGR of 4%.

The passenger car aftermarket consists of sales of passenger car aftermarket parts and services. Companies operating in the passenger car aftermarket (parts and services) provide manufacturing, remanufacturing, distribution, retailing, and installation of replacement vehicle parts, equipment, service repair, and automotive accessories. The market includes the sales of the tires, batteries, brakes parts, filters, lightings, and electronic components.

The passenger cars aftermarket covered in this report is segmented by type into tires, battery, brake parts, filters, body parts, lighting, wheels, exhaust components, turbochargers, others. It is also segmented by distribution channel into retailers (OEM's, repiar shops), wholesalers & distributors and by certifiations into genuine parts, certified parts, uncertified parts.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Many companies are offering extended warranties to third parties on vehicle parts or services which in turn is hampering the growth of independent service providers. Extended warranties are given on a vehicle part/service to increase the lifetime of a vehicle which leads to free service or discounts towards the consumer. Since all warranty repairs are performed by the OEM (Original Equipment Manufacturers) only, the aftermarket sales and services market which is generated majorly from dealer service centres suffers a loss. According to Motor & Equipment Manufacturers Association (MEMA), in California for all light-duty vehicle extended warranties did not have an effect on independent repair shops.

The passenger car aftermarket is using 3D printing technology also called as Additive Manufacturing (AM) to make high-quality off-the-shelf car parts using 3D printers that are capable of printing in metals and alloys. 3D printing works by making a virtual 2D object in the software and constructing the 3D framework by using the printer. The use of 3D printing in producing automobile parts increases the efficiency and raises the production standards of the companies. Companies (original equipment manufacturers) such as General Motors, BMW, Ford and Porsche have already started investing in this trend.

In 2018, Tenneco acquired Federal-Mogul for $5.4 Billion from Carl Icahn. The purchase included $800 million cash payment and 29.5 million shares of Tenneco, including non-voting stock. Federal-Mogul Corporation was established in 1899 and is headquarters in Southfield, Michigan, United States. It is a company which develops, manufactures and supplies products for automotive, commercial, aerospace, marine, rail, and off-road vehicles. Federal Mogul has a strong position in manufacturing and supplying of various auto parts all over the globe. The acquisition benefitted Tonneco with an increase in its auto parts portfolio in the global vehicle aftermarket. Through the acquisition, Tonneco plans to provide engineered solutions addressing fuel economy, power output and criteria pollution requirements for diesel, gasoline and electrified vehicles.

Increasing average lifespan of a car is one of the major drivers of the passenger car aftermarket as it leads to an increase in consumer’s regular maintenance and scheduled servicing of the vehicle. The lifespan of the car describes the maximum service life in terms of mileage and time. Changing of wheels, batteries, spark plugs, air filters plays a significant role in prolonging the life of a vehicle. According to IHS automotive survey in 2019, the typical car on the road in the US is 11.8 years old. Addition to that, based on an article by USA Today, the number of old vehicles on the road that are totalling up to 278 million in 2019.

The industry is regulated by several regulations governed by multiple international and country-specific agencies. One of the examples of such regulatory body is National Highway Traffic Safety Administration (NHTSA) of U.S. The Standard number 108 of section 571 under Title -49 "Transportation" mentioned in Code of Federal Regulations (CFR), states the requirements for original and replacement lamps, reflective devices, and associated lighting equipment for passenger cars as well as other multipurpose passenger vehicles. As defined in CFR, the purpose of section 571 is to set regulatory standards relating to lighting equipment in vehicles to be followed by motor vehicles including passenger cars. The standards also specify points where the equipment such as Headlamp should be mounted in vehicles so as to make it easily visible in public roads both in daylight and in darkness or other conditions of reduced visibility thus reducing traffic accidents and deaths and injuries.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A selection of companies mentioned in this report includes:

  • Denso Corporation
  • Robert Bosch Gmbh
  • Continental AG
  • 3M company
  • Delphi Automotive PLC
  • ZF friedrichshafen AG
  • Magneti Marelli S.p.A
  • Cooper tire & Rubber Company
  • Federal -Mogul Corporation
  • Goodyear tire & rubber company
  • Aisin Seiki Co
  • Valeo
  • Sumitomo Electric Industries Ltd
  • Aptiv PLC
  • MAHLE GmbH
  • Schaeffler AG
  • ACDelco
  • Mobileye
  • Eaton
  • Schaeffler Technologies AG
  • Lear Corporation
  • Yazaki Corp
  • Akebono Brake Corporation
  • American Axle & Manufacturing
  • Bridgestone Corporation
  • Gates Corporation
  • Hyundai Mobis Co. Ltd
  • Kumho Tires
  • Exide Technologies
  • Pirelli & C. S.p.A.

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