Automotive Aftermarket 2018 Key Players are Magneti Marelli, Continental AG, 3M, Akebone Brake, Delphi, Federal-Mogul, Denso, Robert Bosch, ACDElco, ASIMCO Technologies
Global Automotive Aftermarket Industry is led by replacement parts accounting for over USD 350 billion in 2015. These parts are used as replacement over original auto parts after wear & tear, damage or reduction in vehicle performance.
Growing automotive industries coupled with rise in manufacturing facilities for vehicle parts will propel the market growth. Increasing preference for vehicle safety, comfort, periodic maintenance and improving efficiency will drive the revenue growth.
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Technological advancement in telematics coupled with rise in usage of plastics to reduce automobile weight will propel the product demand. Moreover, add-on services including installation of auto components, internal & external accessories and 24/7 customer support are the factors positively influencing product penetration.
Professional channel dominates the market with market around USD 300 billion in 2015. Increased provision for the after-sale services offered by the auto manufacturer will fuel automotive aftermarket industry. Additional conveniences including pick & drop services, discounts on reliable & quality auto parts is driving the automotive aftermarket industry.
Top Key Players:-
The key players of global Automotive Aftermarket Industry are Continental AG, 3M Company, Akebone Brake corporation, Delphi, Federal-Mogul, Denso, Magneti Marelli, Robert Bosch, ACDElco, ASIMCO Technologies ltd, Shandong Zhengnuo Group Co., Ltd., ALCO Filters and Cooper tire and rubber company.
North America automotive aftermarket industry was valued more than USD 165 billion in 2015. Large presence of consumer base as well as manufacturing facilities will drive the business growth. Moreover, extensive research and development activities and rapid technological developments in the region will drive the product demand.
Europe, dominated by Germany, Russia and UK automotive aftermarket will witness growth over 4% up to 2024. Growing number of manufacturing and service outlets is likely to provide lucrative opportunities for market growth in the region. Stringent government regulations on fuel efficiency has increased the demand for maintenance and repairs among the customers.
Asia-Pacific, led by India and China was valued around USD 90 billion in 2015. The region is the fastest growing automotive aftermarket industry owing to increasing automotive sales coupled with rising population. High workforce, easy availability of land and economic resources will further foster the product scope.
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Major Points of Table Of Content:-
Automotive Aftermarket Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024 (USD Million)
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Margin analysis
3.3.3. Distribution channel analysis
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.5.1. Vehicle parts standards
3.5.2. NHTSA regulations
188.8.131.52.1. The 11th Five-Year Plan
184.108.40.206.2. Vehicle emission regulations
220.127.116.11.1. Contract manufacturing scenario
3.6. Global automotive industry overview
3.6.1. Major automotive trends
3.6.2. Advantages of manufacturing
18.104.22.168. OEM versus aftermarket
22.214.171.124. Service market overview
3.6.3. Vehicle parc (on road) statistics
126.96.36.199. Historical data 2006 – 2015
188.8.131.52.1. North America
184.108.40.206. Estimated & forecast data 2016 – 2024
220.127.116.11.1. North America
3.6.4. Collision statistics by country 2010 – 2016
18.104.22.168. South Africa
3.6.5. Insurance landscape
22.214.171.124.1. North America
3.7. Trade statistics
3.7.1. Top 10 exporters
126.96.36.199. Export tariffs
3.7.2. Top 10 importers
188.8.131.52. Import tariffs
3.8. Global automotive aftermarket industry share by vehicle, 2015 & 2024
3.8.3. More than 10-year-old
3.9. Industry impact forces
3.9.1. Growth drivers
184.108.40.206. Demand drivers
220.127.116.11. Supply drivers
3.9.2. Industry pitfalls & challenges
3.10. Growth potential analysis
3.11. Porter's analysis
3.12. Competitive landscape, 2015
3.12.1. Strategic dashboard
3.13. PESTEL analysis
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Expansion in e-commerce market coupled with increasing online sales for replacement parts will drive the automotive aftermarket industry growth. Legal concerns including patent and copyright infringement may restrain the market growth.
Shift in trend towards vehicle customization to enhance the vehicle function and aesthetic look among customers are the fuelling factor of the automotive aftermarket industry growth. Increasing vehicle wear & tear rates due to poor road constructions particularly in emerging economies has enhanced the demand for replacement parts.
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