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Automotive Aftermarket Market Report 2023 - Market Size, Growth, Trends, Share And Analysis 2032 | 3M Multinational conglomerate company, Continental AG, Delphi Automotive PLC, Federal-Mogul Corporation, COOPER TIRE & RUBBER COMPANY
Automotive Aftermarket Market
Automotive Aftermarket Market Size, Growth Rate, And Forecast
The global automotive aftermarket market size grew from $352.39 billion in 2022 to $411.81 billion in 2023 at a compound annual growth rate (CAGR) of 16.9%. 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, causing inflation across goods and services and affecting many markets across the globe. The automotive aftermarket market size is expected to grow to $727.99 billion in 2027 at a CAGR of 15.3%.
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Automotive Aftermarket Market Drivers
Increasing sales of pre-owned and new vehicles are driving the automotive aftermarket market. For instance, as of 2021, consumers' preference to purchase cars has almost reached pre-COVID-19 levels, mainly supported by demand in the United States and China, with new cars at 94% and used cars at 97% compared to pre-COVID-19 levels.
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Automotive Aftermarket Market Segments
1. By Types: Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Turbochargers.
2. By Vehicle Type: Passenger Cars, Commercial Vehicles.
3. By Certification Outlook: Genuine Parts, Certified Parts, Uncertified Parts.
4. By Distribution Channels: Offline Distribution Channel, Online Distribution Channel.
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Aftermarket market.
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Automotive Aftermarket Market Key Players
Major competitors in the Automotive Aftermarket market include 3M Multinational conglomerate company, Continental AG, Delphi Automotive PLC, Federal-Mogul Corporation, COOPER TIRE & RUBBER COMPANY, Magneti Marelli S.p.A., Robert Bosch GmbH.
The Business Research Company's "Global Automotive Aftermarket Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Aftermarket Market Include:
1. Executive Summary
2. Automotive Aftermarket Market Characteristics
3. Automotive Aftermarket Market Trends And Strategies
4. Automotive Aftermarket Market - Macro Economic Scenario
5. Automotive Aftermarket Market Size And Growth
……
26. Africa Automotive Aftermarket Market
27. Automotive Aftermarket Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Aftermarket Market
29. Automotive Aftermarket Market Future Outlook and Potential Analysis
30. Appendix
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