Press release
ASEAN Automotive Aftermarket Poised for Growth Amid Rising Vehicle Ownership and Demand for Spare Parts
ASEAN Automotive Aftermarket
The ASEAN Automotive Aftermarket is experiencing significant expansion, driven by increasing vehicle ownership, rising disposable incomes, and growing demand for maintenance and replacement parts. The market encompasses a wide range of components, including engine parts, batteries, tires, and accessories, catering to both passenger and commercial vehicles.
As vehicle fleets continue to age, the need for repair, maintenance, and customization solutions is fueling industry growth across the ASEAN region.
Get Ahead with Our Report: Request Your Sample Now!
https://www.futuremarketinsights.com/report-sample#5245502d41532d363631
Key Takeaways
• Increasing vehicle sales and longer vehicle lifespans are driving aftermarket growth.
• Rising demand for cost-effective repair and maintenance services is boosting the industry.
• Digitalization and e-commerce platforms are reshaping the spare parts distribution landscape.
• Strong government support for sustainable mobility solutions is encouraging the adoption of eco-friendly aftermarket products.
Growth Drivers
• Expanding Vehicle Parc: The growing number of vehicles on ASEAN roads increases demand for replacement parts and services.
• Aging Vehicle Fleet: As vehicles age, the need for repairs, maintenance, and spare parts rises significantly.
• Growth of E-commerce & Digital Platforms: Online sales of auto parts are expanding, providing consumers with convenient purchasing options.
• Increasing DIY (Do-It-Yourself) Culture: More vehicle owners are opting for self-maintenance, driving sales of aftermarket components.
• Government Regulations on Emissions & Safety: Stringent policies are driving demand for upgraded and compliant vehicle components.
Growth Opportunities
• Expansion of Service & Repair Centers: Rising demand for affordable and efficient auto servicing creates opportunities for workshop expansion.
• Rising Popularity of Electric Vehicle (EV) Aftermarket: Growing EV adoption is leading to demand for specialized components and charging infrastructure.
• Emergence of Smart & Connected Aftermarket Products: Adoption of IoT-enabled diagnostic tools and smart accessories is gaining traction.
• Strategic Partnerships & Mergers: Leading aftermarket players are collaborating to strengthen distribution networks across ASEAN.
Application Areas
• Replacement Parts: Batteries, brake pads, tires, filters, and engine components.
• Accessories & Customization: Audio systems, lighting, seat covers, and exterior modifications.
• Maintenance & Repair Services: Oil changes, brake servicing, diagnostics, and mechanical repairs.
• Connected Vehicle Solutions: Telematics, GPS tracking, and vehicle diagnostics tools.
• Lubricants & Fluids: Engine oils, coolants, transmission fluids, and additives.
Detailed Market Study: Full Report and Analysis
https://www.futuremarketinsights.com/reports/asean-automotive-aftermarket
Key Players
• Bosch Automotive Aftermarket
• Denso Corporation
• Continental AG
• Bridgestone Corporation
• Michelin
• Hella GmbH & Co. KGaA
• ZF Friedrichshafen AG
• 3M Automotive
• Aisin Seiki Co., Ltd.
• Federal-Mogul Corporation
Key Segmentations
By Product Type: Engine Components, Electrical Components, Tires, Batteries, Accessories
By Vehicle Type: Passenger Cars, Commercial Vehicles, Electric Vehicles
By Distribution Channel: OEMs, Independent Workshops, E-commerce, Retailers
By Region: Indonesia, Thailand, Malaysia, Vietnam, Philippines, Singapore, Rest of ASEAN
Aftermarket Industry Analysis Reports
Decorative Car Accessories Market Outlook from 2025 to 2035 https://www.futuremarketinsights.com/reports/decorative-car-accessories-market
Bicycle Components Aftermarket Outlook 2025 to 2035 https://www.futuremarketinsights.com/reports/bicycle-components-market
Automotive Conversion Kit Market Outlook From 2025 to 2035 https://www.futuremarketinsights.com/reports/automotive-conversion-kit-market
Two Wheeler Accessories Aftermarket Outlook from 2025 to 2035 https://www.futuremarketinsights.com/reports/two-wheeler-accessories-aftermarket
Two-Wheeler Aftermarket Components & Consumables Market Outlook 2025 to 2035
https://www.futuremarketinsights.com/reports/two-wheeler-aftermarket-components-market
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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 ASEAN Automotive Aftermarket Poised for Growth Amid Rising Vehicle Ownership and Demand for Spare Parts here
News-ID: 3985556 • Views: …
More Releases from Future Market Insight Inc
Advanced Functional Materials Market to Reach USD 277.7 Billion by 2035, Driven …
The global market for Advanced Functional Materials (AFMs) is projected to experience robust growth over the next decade, with a new forecast predicting a market size of USD 277.7 billion by 2035.
This represents a significant increase from its estimated value of USD 133.5 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.6% during the forecast period. The findings highlight the critical role of AFMs in powering…
Cosmetic Jars Market Share Analysis Set for Growth, Driven by Premiumization, Fo …
The global Cosmetic Jars market is experiencing a significant uplift, propelled by a surging demand for packaging solutions that are not only durable and aesthetically pleasing but also eco-friendly. A new market analysis forecasts the sector to achieve a valuation of USD 7323.44 million by 2035, growing at a steady Compound Annual Growth Rate (CAGR) of 4.3% from 2025. This promising outlook is underpinned by evolving consumer preferences for sustainable…
Global Security & Vulnerability Management Market to Surge to USD 9.34 Billion b …
The global security and vulnerability management market is poised for significant expansion, with its valuation expected to climb from USD 3,070.7 million in 2024 to an impressive USD 9,342.9 million by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of 11.8% over the forecast period. This substantial growth is fundamentally driven by the escalating frequency of data breaches and sophisticated cyberattacks worldwide, compelling organizations to invest heavily in proactive…
Global Version Control Systems Market to Exceed USD 2 Billion by 2033 Driven by …
The global version control systems market is poised for significant expansion, with its valuation projected to reach USD 2.1 billion by 2033, climbing from an estimated USD 757.5 million in 2023. This impressive growth trajectory reflects a robust Compound Annual Growth Rate (CAGR) of 10.8% from 2023 to 2033, driven by the escalating global demand for automation and digitization within software development processes.
Version control systems (VCS) are indispensable tools that…
More Releases for Aftermarket
Evolving Market Trends In The Automotive Wheel Aftermarket Industry: Automotive …
The Automotive Wheel Aftermarket Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Automotive Wheel Aftermarket Market Size During the Forecast Period?
The aftermarket for automotive wheels has seen a consistent increase in size in the past few years. The market is predicted…
Evolving Market Trends In The Automotive Aftermarket Industry: Automotive Afterm …
The Automotive Aftermarket Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Automotive Aftermarket Market Size During the Forecast Period?
Over the past few years, the size of the automotive aftermarket market has surged significantly. The forecast predicts it will expand from $464.1…
Automotive Aftermarket Predicted to Witness Significant Growth by 2031 Owing to …
The global automotive aftermarket is predicted to observe significant growth during the forecast period, due to the increased participation of original equipment manufacturers in aftermarket activities. The North America region held the largest market share in 2021.
According to a report published by Research dive, the global automotive aftermarket is envisioned to garner a revenue of $837.0 million and grow at a Healthy CAGR of 6.5% during the analysis timeframe…
Construction Equipment Aftermarket Share Report 2022 - 2030
Ameco Research Analysts says that the global construction equipment aftermarket accounted for US$ 20.9 Bn in 2020 at a CAGR of 5.1% during the predicted years
The construction sector is flourishing all around the world. Countries are seeking not merely to accommodate an ever-increasing population, but also to compete on a global scale in order to prosper as states. Some countries are propelled forward by their rapid expansion, while others are…
Piston Rings Aftermarket Scope Analysis
Piston Rings Aftermarket
New Study Reports "Piston Rings Aftermarket Global Opportunities, Challenges, Strategies and Forecasts" has been added on Persistence Market Research.
Report Overview
This report provides in depth study of "Piston Rings Aftermarket" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Piston Rings Aftermarket report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization…
Automotive Aftermarket Future Outlook - Tenneco, Dana
Zion Market Research published a new 110+ pages industry research "Automotive Aftermarket: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 - 2021" is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on the Global Automotive Aftermarket.…
