Press release
Automotive Aftermarket Market, valued at USD 603.3 billion in 2022 and expected to grow at a CAGR of 6.2 %, reaching revenue of USD 919.33 billion by 2029.
Automotive Aftermarket Market
The report offers a detailed analysis of the global automotive aftermarket industry, providing insights into market size, trends, dynamics, segments, and regional outlook. The report aims to provide valuable information to stakeholders, industry participants, and decision-makers, facilitating informed business strategies and investment decisions.
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Maximize Market Research Pvt. Ltd. is a leading market research firm based in Pune, India. With a team of experienced analysts and researchers, the company provides comprehensive market intelligence and strategic insights across various industries. Their research reports are designed to empower clients with actionable data and help them stay ahead in a competitive business environment.
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What are Automotive Aftermarket Market Dynamics?
The Automotive Aftermarket Market encompasses a wide range of parts, accessories, and services that contribute to the secondary market for automobiles. This sector plays a crucial role in offering vehicle owners an array of options for upgrades, replacements, and maintenance services. The report highlights the driving forces behind this market's expansion, including the constant increase in automotive production, growing demand for innovative accessories, rising preference for online purchasing, and the need for regular replacement and maintenance of components with short lifespans.
Technological advancements, increasing demand for electric vehicles, and the emphasis on sustainability are also key factors influencing the industry's growth trajectory. The report delves into the trends shaping the market, such as the digitization of distribution channels, the popularity of spare parts replacement, and the rise of sales through OEM factory fill. Additionally, the report underscores the strong presence of automotive giants in Europe and the dynamic regional markets of Asia Pacific, North America, and Europe.
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What is Automotive Aftermarket Market Regional Insight?
Asia Pacific held a dominant market share of 28.0% revenue in 2022. The region is poised for significant growth, driven by advancements in auto part manufacturing, increased consumer and passenger vehicle production, and the digitization of automotive component delivery services.
North America and Europe are projected to experience substantial growth, fueled by increased vehicle manufacturing and the adoption of innovative technologies in the aftermarket.
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What is Automotive Aftermarket Market Segmentation?
by Vehicle Replacement Part
Tire
Battery
Brake Parts
Filters
Others
by Distribution channel
Retailers
Wholesalers
by Service
DIY
DIFM
OE
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Who are Automotive Aftermarket Market Key Players?
1.Continental AG
2.3M Company
3.Akebone Brake Corporation
4.Delphi
5.Federal-Mogul
6.Denso
7.Magneti Marelli
8.Robert Bosch
9.ACDElco
10.ASIMCO Technologies ltd
11.Cooper Tire & Rubber Company
12.HELLA KGaA Hueck & Co.
13.Robert Bosch GmbH
14.Valeo Group
15.ZF Friedrichshafen AG
16.Robert Bosch GmbH
17.Magna International Inc.
18.Aisin Seiki Co.
19.Hyundai Mobis
20.Lear Corp.
21.Faurecia
Table of content for the Automotive Aftermarket Market includes:
Global Automotive Aftermarket Market: Research Methodology
Global Automotive Aftermarket Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Automotive Aftermarket Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment |
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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