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Automotive Aftermarket Size, Statistics, Industry Growth, Value Chain, Trends And Forecast To 2027

Pressmeddelande   •   Mar 11, 2020 20:04 CET

The main objective of this report is to define, describe, and forecast the global Automotive Aftermarket by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in Automotive Aftermarket.

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The global automotive aftermarket size is poised to reach USD 513.1 billion by 2027, registering a CAGR of 4.0% over the forecast period 2020 to 2027.

Digitalization of automotive repair and component sales, along with advanced technology incorporations in the automobile aftermarket component manufacturing, is expected to boost the market growth. Increasing adoption of semi-autonomous, electric vehicles, and hybrid and autonomous cars is further expected to bolster the market growth.

Increasing disposable income and improved lifestyle in developing countries such as India and Brazil are leading to increased vehicle penetration, which is expected to drive the market in the region. Growth in the automotive manufacturing sector across various regions, along with stringent emissions norms, are expected to drive the aftermarket component sales over the forecast period. Third party services and technological advancements offer new and profitable revenue streams to leverage these opportunities. In addition, the industry requires investment in product development, supply chain, organizational design, and pricing model to create significant surge in the demand.

Manufacturers in developing countries are adopting various strategies, including mergers, acquisitions, and partnerships to gain a strong foothold in the market. Asia Pacific is expected to be the fastest growing regional market owing to improving living standards and high automobile production. With increasing penetration and acceptance of gas and hybrid electric cars, specialized repair centers, dedicated toward repairing of particular vehicles, are expected to increase.

The Automotive Aftermarket research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Automotive Aftermarket for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Automotive Aftermarket status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Aftermarket market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive Aftermarket forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive Aftermarket companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive Aftermarket upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Automotive Aftermarket industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Automotive Aftermarket competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Aftermarket market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Aftermarket market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive Aftermarket market. These factors have benefited the growth of the global market for Automotive Aftermarket. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive Aftermarket. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

Key Players

Some of the key industry participants in the aftermarket are Continental AG, 3M Company, Delphi Automotive PLC, Federal-Mogul Corporation, Denso Corporation, Magneti Marelli S.p.A., and Robert Bosch GmbH. Technological advancements and increasing investments in R&D by manufacturers are expected to drive the aftermarket. Several domestic and regional competitors prevailing in the market are challenged to offer innovative products to help buyers understand the changing technologies, security needs, and business practices.

Segmentation

Automotive Aftermarket Replacement Part Outlook

  • Tire
  • Battery
  • Brake parts
  • Filters
  • Body parts
  • Lighting & Electronic components
  • Wheels
  • Exhaust components
  • Turbochargers
  • Others

Automotive Aftermarket Distribution Channel Outlook

  • Retailers
    • OEMs
    • Repair Shops
  • Wholesalers & Distributors

Automotive Aftermarket Service Channel Outlook

  • DIY (Do It Yourself)
  • DIFM (Do It for Me)
  • OE (Delegating to OEM’s)

Automotive Aftermarket Certification Outlook

  • Genuine Parts
  • Certified Parts
  • Uncertified Parts

Automotive Aftermarket Regional Outlook

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East & Africa

In this study, the years considered to estimate the market size of Automotive Aftermarket are as follows:

  • History Year: 2015-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2027

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

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of Contents

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, 2016 - 2027
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, 2019
3.7.1 Key company analysis, 2019
3.8 Automotive Aftermarket - PESTEL Analysis
3.9 Distribution Channel Analysis, 2019
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, 2016 - 2027 (USD Billion)
4.1.1.2 Performance Part
4.1.1.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.2 Battery
4.1.2.1 Basic Part
4.1.2.1.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.2.2 Performance Part
4.1.2.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.3 Brake parts
4.1.3.1 Basic Part
4.1.3.1.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.3.2 Performance Part
4.1.3.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.4 Filters
4.1.4.1 Basic Part
4.1.4.1.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.4.2 Performance Part
4.1.4.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.5 Body parts
4.1.5.1 Basic Part
4.1.5.1.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.5.2 Performance Part
4.1.5.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.6 Lighting & electronic components
4.1.6.1 Basic Part
4.1.6.1.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.6.2 Performance Part
4.1.6.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.7 Wheels
4.1.7.1 Basic Part
4.1.7.1.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.7.2 Performance Part
4.1.7.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.8 Exhaust components
4.1.8.1 Basic Part
4.1.8.1.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.8.2 Performance Part
4.1.8.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.9 Turbochargers
4.1.9.1 Basic Part
4.1.9.1.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.9.2 Performance Part
4.1.9.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.10 Others
4.1.10.1 Basic Part
4.1.10.1.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
4.1.10.2 Performance Part
4.1.10.2.1 Market estimates and forecasts, 2016 - 2027 (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, 2016 - 2027 (USD Billion)
5.1.1.1.2 Retail Shops Channel
5.1.1.1.2.1 Market estimates and forecasts, 2016 - 2027 (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, 2016 - 2027 (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, 2016 - 2027 (USD Billion)
6.1.2 Do It For Me (DIFM)
6.1.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
6.1.3 Original Equipment (OE)
6.1.3.1 Market estimates and forecasts, 2016 - 2027 (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 Market estimates and forecasts, 2016 - 2027 (USD Billion)
7.1.1.1.2 Remanufactured
7.1.1.1.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
7.1.1.1.3 Rebuilt
7.1.1.1.3.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
7.1.1.1.4 Reused
7.1.1.1.4.1 Market estimates and forecasts, 2016 - 2027 (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, 2016 - 2027 (USD Billion)
7.1.1.2.2 Car Maker Repair Shops
7.1.1.2.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)`
7.1.1.2.3 Independent Repair Shops
7.1.1.2.3.1 Market estimates and forecasts, 2016 - 2027 (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, 2016 - 2027 (USD Billion)
7.1.2.1.2 Remanufactured
7.1.2.1.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
7.1.2.1.3 Rebuilt
7.1.2.1.3.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
7.1.2.1.4 Reused
7.1.2.1.4.1 Market estimates and forecasts, 2016 - 2027 (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, 2016 - 2027 (USD Billion)
7.1.2.2.2 Car Maker Repair Shops
7.1.2.2.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
7.1.2.2.3 Independent Repair Shops
7.1.2.2.3.1 Market estimates and forecasts, 2016 - 2027 (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, 2016 - 2027 (USD Billion)
7.1.3.1.2 Remanufactured
7.1.3.1.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
7.1.3.1.3 Rebuilt
7.1.3.1.3.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
7.1.3.1.4 Reused
7.1.3.1.4.1 Market estimates and forecasts, 2016 - 2027 (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, 2016 - 2027 (USD Billion)
7.1.3.2.2 Car Maker Repair Shops
7.1.3.2.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
7.1.3.2.3 Independent Repair Shops
7.1.3.2.3.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
7.2 Automotive Counterfeit Market
7.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
Chapter 8 Automotive Aftermarket: Regional Estimates & Trend Analysis
8.1 Automotive Aftermarket Share by Region, 2019 & 2027
8.2 North America
8.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.2.2 U.S.
8.2.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.2.3 Canada
8.2.3.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.2.4 Mexico
8.2.4.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.3 Europe
8.3.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.3.2 Germany
8.3.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.3.3 U.K.
8.3.3.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.3.4 France
8.3.4.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.4 Asia Pacific
8.4.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.4.2 China
8.4.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.4.3 Japan
8.4.3.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.4.4 India
8.4.4.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.5 South America
8.5.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.5.2 Brazil
8.5.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
8.6 Middle East & Africa
8.6.1 Market estimates and forecasts, 2016 - 2027 (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 Delphi Automotive PLC
9.1.3.1 Company overview
9.1.3.2 Financial performance
9.1.3.3 Product benchmarking
9.1.3.4 Recent developments
9.1.4 Denso Corporation
9.1.4.1 Company overview
9.1.4.2 Financial performance
9.1.4.3 Product Benchmarking
9.1.4.4 Strategic initiatives
9.1.5 Federal-Mogul 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 Magneti Marelli S.p.A.
9.1.6.1 Company overview
9.1.6.2 Product benchmarking
9.1.6.3 Recent developments
9.1.7 Robert Bosch GmbH
9.1.7.1 Company overview
9.1.7.2 Financial Performance
9.1.7.3 Product benchmarking
9.1.7.4 Recent developments
9.1.8 The Goodyear Tire & Rubber Company
9.1.8.1 Company overview
9.1.8.2 Product benchmarking
9.1.8.3 Recent developments
9.1.9 ZF Friedrichshafen AG (ZF TRW)
9.1.9.1 Company overview
9.1.9.2 Financial performance (ZF Friedrichshafen AG)
9.1.9.3 Product benchmarking
9.1.9.4 Strategic initiatives
9.1.10 COOPER TIRE & RUBBER COMPANY
9.1.10.1 Company overview
9.1.10.2 Financial performance
9.1.10.3 Product benchmarking
9.1.10.4 Strategic initiatives

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