Continental AG, Denso Corporation Profiled in Automotive After Market 2024 Report - Magneti Marelli, Akebone Brake Corporation, 3M Company, Cooper Tire and Rubber Company

This global Automotive After market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

Europe led by Germany, UK and France will witness more than 4.5% growth. Large presence of original equipment manufacturers along with regional players will drive the regional demand. Stringent government regulations for improving fuel efficiency will result in frequent maintenance of older vehicles should fuel the market demand.

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Global automotive aftermarket industry share is highly fragmented. The key market players include Denso Corporation, Magneti Marelli, Continental AG, Akebone Brake Corporation, 3M Company, Cooper Tire and Rubber Company.
Automotive Aftermarket Industry size is set to exceed USD 680 billion by 2024; according to a new research report.

Shifting consumer preference towards vehicle comfort, enhancing efficiency and customization for aesthetically pleasant vehicles are the key factors driving the automotive aftermarket demand.

Increasing vehicle wear and tear due to poor road infrastructure particularly in developing countries have led to more replacement parts consumption which will support the product penetration. Rise in average distance driven per vehicle has resulted in increasing requirement for maintenance encouraging vehicle parts replacements.

Professional sales outlet is the major revenue generating segment for automotive aftermarket and was valued over USD 300 billion in 2015. Moreover, additional services provided by the outlets for customer delight including free periodic servicing, insurance to damaged parts and delivery facilities will fuel the automotive aftermarket industry growth.

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Asia pacific, led by China, India and Thailand is estimated to witness CAGR over 6% up to 2024. Growing consumer spending on automobiles coupled with rapid urbanization and increasing population are the key factors fueling regional demand. High economic resource availability, workforce and land availability in this region will propel the market growth.

Easy replacement parts availability accompanied by ease in operations like changing oil, tires, mirrors with minimum requirement of tools are driving the DIY sales outlet market size. Mexico is one of the major exporters of the vehicle replacement components particularly for the U.S. with favorable import policies will positively influence the automotive aftermarket demand.
Growing demand from replacement components, owing to more usage of older vehicles in Latin America will drive the product penetration. This is due to more than 50% of the vehicles in Mexico are older than 10 years.

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Automotive Aftermarket Industry Insights

Chapter 4. Automotive Aftermarket Industry, By Product

Chapter 5. Automotive Aftermarket Industry, By Sales Outlet

Chapter 6. Automotive Aftermarket Industry, By Region

Chapter 7. Company Profiles

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