Press release
Automotive Parts Aftermarket to Reach US$ 1,048.6 Million by 2034
In 2024, the automotive parts aftermarket (自動車部品のアフターマーケット) is valued at US$ 608.1 million. The global aftermarket is projected to grow at a compound annual growth rate (CAGR) of 5.6%, reaching US$ 1,048.6 million by 2034. Growth opportunities in emerging economies are anticipated for the automotive parts aftermarket, propelled by the emergence of connected vehicles and the Internet of Things (IoT). The integration of IoT technology in vehicles, known as connected vehicles, has revolutionized the automotive sector by facilitating real-time monitoring, data gathering, and communication between vehicles and external systems.Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=9495
Market Dynamics
The automotive parts aftermarket is a dynamic ecosystem driven by various factors. Primarily, it thrives on the age of vehicles in operation, as older vehicles often require more frequent repairs and replacements. Economic conditions also play a significant role, with consumers opting for aftermarket parts due to their affordability compared to original equipment manufacturer (OEM) parts. Additionally, advancements in technology and innovation continually shape the aftermarket landscape, introducing new products and solutions to meet evolving consumer needs. Moreover, regulatory changes and environmental concerns influence market dynamics, prompting the development of eco-friendly and compliant aftermarket parts.
Market Future Outlook
The future outlook for the automotive parts aftermarket appears promising, fueled by several growth drivers. With the global automotive industry witnessing steady expansion, particularly in emerging markets, the aftermarket sector is poised to benefit from a larger vehicle parc. Furthermore, the increasing average age of vehicles on the road, coupled with rising consumer demand for customization and performance enhancements, is expected to drive aftermarket sales. Additionally, the shift towards electric and autonomous vehicles presents new opportunities, as aftermarket suppliers adapt their offerings to cater to these emerging segments, including specialized components and accessories.
Market Insights
Insights into the automotive parts aftermarket (자동차 부품 애프터마켓) reveal a competitive landscape characterized by diverse product offerings and distribution channels. Traditional brick-and-mortar retailers, online platforms, and independent garages constitute key avenues for aftermarket sales. Moreover, consumer preferences are shifting towards convenience and accessibility, driving the growth of e-commerce platforms specializing in automotive parts. Data analytics and market intelligence play a crucial role in understanding consumer behavior and preferences, enabling aftermarket players to tailor their strategies and offerings accordingly. Furthermore, partnerships and collaborations among manufacturers, distributors, and service providers facilitate market expansion and innovation.
Key Players
Hitachi Astemo Ltd.
Robert Bosch GmbH
Michelin
Denso Corporation
Magna International
Continental AG
Valeo SA
Bridgestone
Gabriel India Limited
Bajaj Auto Ltd.
Competitive Landscape
Key players in the aftermarket are employing diverse strategies to achieve their objectives. These tactics encompass fostering innovation, implementing rigorous quality control measures, establishing strategic partnerships, optimizing supply chain management systems, and continually enhancing their products and technologies.
Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=9495
Company Portfolio
Hitachi Astemo Ltd.: This global automotive technology company is recognized for its advanced automotive systems and components. Hitachi Astemo offers a broad range of automotive products, including powertrain systems, electronic control units, and various components that enhance vehicle efficiency and performance.
Robert Bosch GmbH: As a leading global supplier of technology and services operating in various sectors, including automotive, Bosch is renowned in the automotive aftermarket for its high-quality parts and systems. Bosch provides a comprehensive portfolio of automotive aftermarket parts, including components for powertrains, safety systems, electrical systems, and more.
Segmentation of Automotive Part Aftermarket (marché secondaire des pièces automobiles) Research
By Vehicle Type :
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Product Type :
Engine and Transmission Parts
Brake Parts
Electrical Parts
Fuel Intake and Ignition Parts
A/C Parts
Suspension Parts
Exhaust Parts
Engine Cooling Parts
Steering Parts
Wheels
Tires
By Region :
North America
Europe
East Asia
Latin America
Middle East & Africa
South Asia & Oceania
Contact:
US Sales Office
11140 Rockville Pike
Suite 400 Rockville, MD 20852
United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
About Fact.MR :
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Parts Aftermarket to Reach US$ 1,048.6 Million by 2034 here
News-ID: 3456254 • Views: …
More Releases from Fact.MR
Fine Blanking Tools Market Projected to Reach USD 1.43 Billion by 2035 | U.S. CA …
The global Fine Blanking Tools Market is set for steady growth over the next decade, driven by rising demand for high-precision components, ongoing industrial automation, and surging requirements from automotive, electronics, and aerospace sectors. According to a recent forecast, the market is expected to grow from approximately USD 948.1 million in 2025 to USD 1,430.6 million by 2035, at a compound annual growth rate (CAGR) of about 4.2 % between…
Benzodiazepine Drugs Market is Expanding USD 5.4 billion by 2035 | Pfizer Inc.; …
The global benzodiazepine drugs market is projected to expand in the coming decade, driven by growing incidence of anxiety, insomnia, alcohol-withdrawal disorders, and advances in pharmaceutical formulations. According to a recent Fact.MR report, the market was valued at approximately USD 2.35 billion in 2022, and is expected to grow at a compound annual growth rate (CAGR) of 2.8% to reach USD 3.1 billion by 2032.
Market Drivers & Outlook
The demand for…
Ultrasound Systems Market to Surge to Nearly USD 20 Billion by 2035, Led by Adva …
The global Ultrasound Systems Market is on a strong growth trajectory, projected to rise from USD 10.8 billion in 2025 to approximately USD 19.7 billion by 2035, expanding at a CAGR of 6.2% during the forecast period. This growth is fueled by the rising demand for non-invasive diagnostic imaging, the increasing prevalence of chronic diseases, expanding healthcare infrastructure, and continuous technological innovations such as AI integration and portable imaging systems.
Key…
Surgical Staplers Market Is Forecasted To Reach USD 6.0 Billion In 2025 | Ethico …
The global Surgical Staplers Market is forecast to show strong growth over the next decade, nearly doubling in value as demand surges for efficient, reliable wound closure in advanced surgical procedures. According to the latest Fact.MR Surgical Staplers Market Size & Share Forecast Outlook 2025-2035 report, the market is expected to grow from USD 6.0 billion in 2025 to USD 12.5 billion by 2035, at a compound annual growth rate…
More Releases for Parts
Asquare Parts Inc. Advances Excellence in Automotive Parts & Accessories Manufac …
As the automotive industry faces growing demand for durable and cost-effective components, Asquare Parts Inc. continues to raise the bar in automotive parts & accessories manufacturing by delivering precision-engineered solutions trusted by fleets, repair shops, and resellers across the U.S.
Asquare Parts Inc. specializes in high-performance aftermarket parts including trailer hubs, suspension systems, custom rubber gaskets, and custom components. Every product is manufactured using advanced machinery, strict quality protocols, and materials…
Subaru Parts Pros: Offering Genuine Subaru Parts Online
High-grade, original Subaru parts and accessories are key to safe trips and optimal vehicle performance. Shoppers can buy these factory-made products from Subaru Parts Pros, an authorized car parts dealer based in Long Island, NY.
The Subaru Parts Pros Catalog
Subaru Parts Pros offers an extensive selection of genuine Subaru parts online. The store's full catalog is divided into the following categories:
Cargo, Towing, & Racking Accessories
Subaru Parts Pros sells various cargo, towing,…
Tesla Parts & Accessories: A Complete Guide to OEM & Replacement Parts
Looking for Tesla parts? Whether you need OEM or replacement parts for your Model Y, Model X, Model 3, or Model S, we've got you covered. From steering wheels to rooftop tents, find everything you need to enhance or repair your Tesla.
Everything You Need to Know About Tesla Parts & Accessories
Tesla vehicles are known for their innovation, sleek design, and cutting-edge technology. But like any car, they require maintenance, repairs,…
Original Chrysler & Dodge Parts Available at All Mopar Parts
All Mopar Parts, an authorized online retailer of genuine auto parts, offers components designed for five major brands. These include Chrysler, known for innovation, and Dodge, recognized for its sporty, high-performance vehicles.
Chrysler & Dodge Parts Available by Model
Drivers can find original Chrysler and Dodge parts by model at All Mopar Parts. The retailer offers a wide selection of auto parts and accessories for various vehicles from these brands, including:
Chrysler Pacifica
Initially…
Levittown Ford Parts: Offering OEM Ford Parts Online
When it comes to genuine Ford parts and accessories, drivers can shop at Levittown Ford Parts (LFP), an authorized Ford part dealer with an extensive inventory divided into the following categories:
Interior Accessories
Interior accessories sold at LFP include cargo area and floor mats to prevent damage, interior lights for illumination at night or in dimly lit places, and organizers for extra storage space.
LFP also carries first aid kits, tool kits, and…
All Mopar Parts: Your Trusted Online Source for Original Auto Parts
When it comes to sourcing genuine auto parts, drivers have multiple options, but none quite like All Mopar Parts. This online parts department specializes in delivering original car parts and accessories under the umbrella of Mopar, the renowned provider serving FCA (Fiat Chrysler Automobiles N.V.) US LLC vehicle owners globally.
An Extensive Selection of Genuine Auto Parts
At All Mopar Parts, we offer a comprehensive selection of OEM (Original Equipment Manufacturer) car…
