‘Automotive Wholesale and Distribution Aftermarket Market’ Share Analysis to 2026 including Leading Companies: Denso Corporation (Japan), Delphi (UK), Magneti Marelli (Italy), Federal-Mogul (US)
North America generated the highest revenue in the market in 2017 owing to high disposable income and living standards in the region. Favourable regulations regarding production of automotive wholesale and distribution aftermarket components and technological advancements have resulted in increasing adoption of Automotive Wholesale and Distribution Aftermarket Market in the region.
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The automotive wholesale and distribution aftermarket offer components and services to car owners from manufacturers other than their car original equipment manufacturers. These parts could replace damaged components or enhance the vehicles’ performance and aesthetics. The products offered in the market perform as well as the original components, while being available at lower costs. The autonomous institution name ‘Certified Automotive Parts Association’, audits, tests and monitors the new wholesale and aftermarket products.
Automotive Wholesale and Distribution Aftermarket Market generated $178.2 billion in 2017 to reach $295.2 billion in 2026 and is anticipated to grow at a CAGR of 5.8% during the forecast period.
The leading companies operating in the Automotive Wholesale and Distribution Aftermarket Market include: -
• Denso Corporation
• Robert Bosch GmbH
• ZF Friedrichshafen AG
• Continental AG
• 3M Company
• Delphi Automotive PLC
• Magneti Marelli S.p.A
• Goodyear Tire & Rubber Company
• Cooper Tire & Rubber Company
• Federal-Mogul Corporation.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
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The demand for automotive wholesale and distribution aftermarket has increased owing to increasing vehicle population, digitalization of automotive repair & maintenance services, and growing awareness regarding proper vehicle maintenance. The growth in global automotive industry and increasing average age of vehicles has resulted in Automotive Wholesale and Distribution Aftermarket Market growth.
The growing need of long-distance travel and changing lifestyles further increase the need for periodic repairs and replacements of vehicle parts. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
Automotive Wholesale and Distribution Aftermarket Market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
Market Key Segments; -
• Body Parts
• Lighting & Electronic Components
• Exhaust Components
• Passenger Vehicles
• Commercial Vehicles
• North America
o Rest of Europe
o Rest of Asia-Pacific
• Latin America
o Rest of Latin America
• Middle East and Africa
Partial TOC of Automotive Wholesale and Distribution Aftermarket Market: -
1. Industry snapshot
2. Ecosystem analysis
3. Market Dynamics
4. Industry analysis - Porter's five force
5. Degree of competition
6. Market PEST Analysis, 2017
7. Market Value Chain Analysis
8. Industry Trends
9. Competitive Ranking Analysis
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