Press release
Passenger Cars After Market Market Is Likely To Experience Growth Exponentially By 2031 | Denso Corporation, Robert Bosch Gmbh, Continental AG
The global passenger cars aftermarket market report by the business research company identifies the increasing the average lifespan of a car is one of the major drivers of the passenger car aftermarket as it leads to an increase in consumers' 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, and air filters play a significant role in prolonging the life of a vehicle.The global passenger cars aftermarket is expected to grow from $216.18 billion in 2021 to $226.33 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The passenger car aftermarket market is expected to reach $289.37 billion in 2026 at a CAGR of 5.3%.
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The regions covered in the passenger cars aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the passenger car aftermarket market are 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 and Pirelli & C. S.p.A.
The global passenger cars aftermarket market is segmented -
1) By Type: Tires, Battery, Brake parts, Filters, Body parts, Lighting, Wheels, Exhaust components, Turbochargers, Others
2) By Distribution Channel: Retailers (OEM's, Repiar Shops), Wholesalers & Distributors
3) By Certifications: Genuine Parts, Certified Parts, Uncertified Parts
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The Passenger Cars Aftermarket Market Report Contents Include
Table Of Contents
1. Executive Summary
2. Passenger Cars AfterMarket Market Characteristics
3. Passenger Cars AfterMarket Market Trends And Strategies
4. Passenger Cars AfterMarket - Macro Economic Scenario
5. Passenger Cars AfterMarket Market Size And Growth
....
26. Africa Passenger Cars After Market Market
27. Passenger Cars After Market Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Passenger Cars After Market Market
29. Passenger Cars After Market Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the passenger cars aftermarket market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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