Press release
Global Automotive Aftermarket Industry Market is Projected to Reach Around USD 741.84 Million By the End of 2030 with a Growing CAGR of 4.66% | Infinium Global Research
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Market Insight:
The global automotive aftermarket industry, valued at USD 490.61 million in 2022, is projected to soar to USD 741.84 million by 2030, exhibiting a robust CAGR of 4.66% during the forecast period from 2023 to 2030.
The automotive aftermarket industry encompasses a diverse market for automotive parts, accessories, and services post the original vehicle purchase. Ranging from replacement parts for maintenance and repairs to performance enhancements and customization accessories, this industry offers consumers an array of options to enhance and personalize their vehicles. It serves a crucial role in providing ongoing maintenance and repair support while offering customization options that cater to individual preferences. Consisting of both OEM and aftermarket manufacturers, distributors, and retailers, the industry delivers a wide array of products and services to vehicle owners.
Several factors drive the growth of the automotive aftermarket industry, primarily revolving around the necessity for post-sale services, part replacements, and vehicle maintenance as automobiles age. The wear and tear experienced by vehicles necessitate regular part replacements, such as brakes, filters, belts, and batteries, crucial for optimal vehicle performance and safety. However, challenges such as increased demand for shared mobility impacting aftermarket needs and fluctuating raw material prices potentially hinder industry growth. Yet, opportunities emerge with the automotive industry's e-commerce presence and the demand for technological advancements, allowing the aftermarket to address evolving consumer needs through online platforms and innovative products and services.
Geographic Dynamics:
The global market spans North America, Europe, Asia Pacific, South America, and MEA. Asia Pacific leads the regional segment driven by a rising vehicle population, increasing incomes, and a penchant for vehicle customization. North America boasts a well-established aftermarket industry supported by a significant vehicle population and a robust automotive culture. Europe experiences influences from stringent regulations and an escalating demand for eco-friendly products. MEA exhibits demand for replacement parts and services due to commercial vehicle sales and challenging climatic conditions. South America showcases a surging demand for replacement parts, accessories, and maintenance services owing to high vehicle sales and a vibrant motorsports culture.
Segments Covered:
The report segments the global automotive aftermarket industry based on parts (tire, battery, brake parts, filters, body parts, lighting & electronic components, wheels, and others), vehicle types (passenger vehicles, commercial vehicles), and distribution channels (retailers, wholesale & distribution, online).
Companies Profiled:
The report includes detailed profiles of industry giants such as 3M, Valeo, Continental AG, Robert Bosch GmbH, and others, highlighting their significant contributions to the automotive aftermarket industry.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Automotive Aftermarket Industry Market Highlights
2.2. Automotive Aftermarket Industry Market Projection
2.3. Automotive Aftermarket Industry Market Regional Highlights
Chapter 3. Global Automotive Aftermarket Industry Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Part
3.4.2. IGR-Growth Matrix Analysis by Vehicle Type
3.4.3. IGR-Growth Matrix Analysis by Distribution Channel
3.4.4. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Automotive Aftermarket Industry Market
Chapter 4. Automotive Aftermarket Industry Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Automotive Aftermarket Industry Market
5.2. Companies Profiles
5.2.1. 3M
5.2.2. Valeo
5.2.3. Continental AG
5.2.4. Robert Bosch GmbH
5.2.5. Delphi Automotive (acquired by Aptiv)
5.2.6. Federal-Mogul (acquired by Tenneco)
5.2.7. ZF Friedrichshafen AG
5.2.8. Stellantis NV
5.2.9. Marelli Holdings Co., Ltd.
5.2.10. Dana Limited
Chapter 6. Global Automotive Aftermarket Industry Market by Part
6.1. Tire
6.2. Battery
6.3. Brake Parts
6.4. Filters
6.5. Body Parts
6.6. Lighting & Electronic Components
6.7. Wheels
6.8. Others
Chapter 7. Global Automotive Aftermarket Industry Market by Vehicle Type
7.1. Passenger Vehicles
7.2. Commercial Vehicles
Chapter 8. Global Automotive Aftermarket Industry Market by Distribution Channel
8.1. Retailers
8.2. Wholesale & Distribution
8.3. Online
Chapter 9. Global Automotive Aftermarket Industry Market by Region 2023-2030
9.1. North America
9.1.1. North America Automotive Aftermarket Industry Market by Part
9.1.2. North America Automotive Aftermarket Industry Market by Vehicle Type
9.1.3. North America Automotive Aftermarket Industry Market by Distribution Channel
9.1.4. North America Automotive Aftermarket Industry Market by Country
9.1.4.1. The U.S. Automotive Aftermarket Industry Market
9.1.4.1.1. The U.S. Automotive Aftermarket Industry Market by Part
9.1.4.1.2. The U.S. Automotive Aftermarket Industry Market by Vehicle Type
9.1.4.1.3. The U.S. Automotive Aftermarket Industry Market by Distribution Channel
9.1.4.2. Canada Automotive Aftermarket Industry Market
9.1.4.2.1. Canada Automotive Aftermarket Industry Market by Part
9.1.4.2.2. Canada Automotive Aftermarket Industry Market by Vehicle Type
9.1.4.2.3. Canada Automotive Aftermarket Industry Market by Distribution Channel
9.1.4.3. Mexico Automotive Aftermarket Industry Market
9.1.4.3.1. Mexico Automotive Aftermarket Industry Market by Part
9.1.4.3.2. Mexico Automotive Aftermarket Industry Market by Vehicle Type
9.1.4.3.3. Mexico Automotive Aftermarket Industry Market by Distribution Channel
9.2. Europe
9.2.1. Europe Automotive Aftermarket Industry Market by Part
9.2.2. Europe Automotive Aftermarket Industry Market by Vehicle Type
9.2.3. Europe Automotive Aftermarket Industry Market by Distribution Channel
9.2.4. Europe Automotive Aftermarket Industry Market by Country
9.2.4.1. Germany Automotive Aftermarket Industry Market
9.2.4.1.1. Germany Automotive Aftermarket Industry Market by Part
9.2.4.1.2. Germany Automotive Aftermarket Industry Market by Vehicle Type
9.2.4.1.3. Germany Automotive Aftermarket Industry Market by Distribution Channel
9.2.4.2. United Kingdom Automotive Aftermarket Industry Market
9.2.4.2.1. United Kingdom Automotive Aftermarket Industry Market by Part
9.2.4.2.2. United Kingdom Automotive Aftermarket Industry Market by Vehicle Type
9.2.4.2.3. United Kingdom Automotive Aftermarket Industry Market by Distribution Channel
9.2.4.3. France Automotive Aftermarket Industry Market
9.2.4.3.1. France Automotive Aftermarket Industry Market by Part
9.2.4.3.2. France Automotive Aftermarket Industry Market by Vehicle Type
9.2.4.3.3. France Automotive Aftermarket Industry Market by Distribution Channel
9.2.4.4. Italy Automotive Aftermarket Industry Market
9.2.4.4.1. Italy Automotive Aftermarket Industry Market by Part
9.2.4.4.2. Italy Automotive Aftermarket Industry Market by Vehicle Type
9.2.4.4.3. Italy Automotive Aftermarket Industry Market by Distribution Channel
9.2.4.5. Rest of Europe Automotive Aftermarket Industry Market
9.2.4.5.1. Rest of Europe Automotive Aftermarket Industry Market by Part
9.2.4.5.2. Rest of Europe Automotive Aftermarket Industry Market by Vehicle Type
9.2.4.5.3. Rest of Europe Automotive Aftermarket Industry Market by Distribution Channel
9.3. Asia Pacific
9.3.1. Asia Pacific Automotive Aftermarket Industry Market by Part
9.3.2. Asia Pacific Automotive Aftermarket Industry Market by Vehicle Type
9.3.3. Asia Pacific Automotive Aftermarket Industry Market by Distribution Channel
9.3.4. Asia Pacific Automotive Aftermarket Industry Market by Country
9.3.4.1. China Automotive Aftermarket Industry Market
9.3.4.1.1. China Automotive Aftermarket Industry Market by Part
9.3.4.1.2. China Automotive Aftermarket Industry Market by Vehicle Type
9.3.4.1.3. China Automotive Aftermarket Industry Market by Distribution Channel
9.3.4.2. Japan Automotive Aftermarket Industry Market
9.3.4.2.1. Japan Automotive Aftermarket Industry Market by Part
9.3.4.2.2. Japan Automotive Aftermarket Industry Market by Vehicle Type
9.3.4.2.3. Japan Automotive Aftermarket Industry Market by Distribution Channel
9.3.4.3. India Automotive Aftermarket Industry Market
9.3.4.3.1. India Automotive Aftermarket Industry Market by Part
9.3.4.3.2. India Automotive Aftermarket Industry Market by Vehicle Type
9.3.4.3.3. India Automotive Aftermarket Industry Market by Distribution Channel
9.3.4.4. South Korea Automotive Aftermarket Industry Market
9.3.4.4.1. South Korea Automotive Aftermarket Industry Market by Part
9.3.4.4.2. South Korea Automotive Aftermarket Industry Market by Vehicle Type
9.3.4.4.3. South Korea Automotive Aftermarket Industry Market by Distribution Channel
9.3.4.5. Australia Automotive Aftermarket Industry Market
9.3.4.5.1. Australia Automotive Aftermarket Industry Market by Part
9.3.4.5.2. Australia Automotive Aftermarket Industry Market by Vehicle Type
9.3.4.5.3. Australia Automotive Aftermarket Industry Market by Distribution Channel
9.3.4.6. Rest of Asia-Pacific Automotive Aftermarket Industry Market
9.3.4.6.1. Rest of Asia-Pacific Automotive Aftermarket Industry Market by Part
9.3.4.6.2. Rest of Asia-Pacific Automotive Aftermarket Industry Market by Vehicle Type
9.3.4.6.3. Rest of Asia-Pacific Automotive Aftermarket Industry Market by Distribution Channel
9.4. RoW
9.4.1. RoW Automotive Aftermarket Industry Market by Part
9.4.2. RoW Automotive Aftermarket Industry Market by Vehicle Type
9.4.3. RoW Automotive Aftermarket Industry Market by Distribution Channel
9.4.4. RoW Automotive Aftermarket Industry Market by Sub-region
9.4.4.1. Latin America Automotive Aftermarket Industry Market
9.4.4.1.1. Latin America Automotive Aftermarket Industry Market by Part
9.4.4.1.2. Latin America Automotive Aftermarket Industry Market by Vehicle Type
9.4.4.1.3. Latin America Automotive Aftermarket Industry Market by Distribution Channel
9.4.4.2. Middle East Automotive Aftermarket Industry Market
9.4.4.2.1. Middle East Automotive Aftermarket Industry Market by Part
9.4.4.2.2. Middle East Automotive Aftermarket Industry Market by Vehicle Type
9.4.4.2.3. Middle East Automotive Aftermarket Industry Market by Distribution Channel
9.4.4.3. Africa Automotive Aftermarket Industry Market
9.4.4.3.1. Africa Automotive Aftermarket Industry Market by Part
9.4.4.3.2. Africa Automotive Aftermarket Industry Market by Vehicle Type
9.4.4.3.3. Africa Automotive Aftermarket Industry Market by Distribution Channel
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/market-reports/enquiry/819
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of automotive aftermarket industry.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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