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Global Automotive Aftermarket Size, Growth, Industry Trends | Emergen Research
The global Automotive Aftermarket Market size was valued at USD 376.40 Billion in 2019 and is anticipated to reach USD 518.04 Billion by 2027 at a CAGR of 4.2%. The automotive aftermarket refers to the secondary market of the automotive industry, encompassing all products and services purchased for light, medium, and heavy-duty vehicles after the original sale. This sector includes replacement parts, accessories, lubricants, appearance products, and service repairs. In recent years, the automotive aftermarket has experienced significant growth due to factors such as increasing vehicle age, rising vehicle miles traveled, and advancements in technology.
According to the Auto Care Association, the U.S. automotive aftermarket was valued at $332 billion in 2021, with projections indicating continued growth. The average age of vehicles on U.S. roads has reached a record high of 12.2 years in 2022, as reported by S&P Global Mobility, contributing to increased demand for aftermarket parts and services. The U.S. Department of Transportation's Federal Highway Administration reported that vehicle miles traveled in 2022 increased by 0.9% compared to the previous year, further driving aftermarket demand.
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The global Automotive Aftermarket Market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Keyword market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Keyword market.
Automotive Aftermarket Market Market Segmentation Analysis
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2018 to 2027. The scope of the report can be defined as:
For the purpose of this report, Emergen Research has segmented into the global Automotive Aftermarket on the basis of Replacement Part, Certification, Service Channel, Distribution Channel, and region:
· Replacement Part Outlook
Tire
Battery
Brake Parts
Filters
Body parts
Lighting & Electronic Components
Wheels
Exhaust components
Turbochargers
Others
· Certification Outlook
Genuine Parts
Certified Parts
Uncertified Parts
· Service Channel Outlook
DIY
DIFM
OE
· Distribution Channel Outlook
Retailers
Wholesalers & Distributors
· Regional Outlook
North America
US.
Canada
Europe
UK
Germany
France
BENELUX
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
MEA
Saudi Arabia
UAE
Rest of MEA
Automotive Aftermarket Market Top Companies and Competitive Landscape
The market for Automotive Aftermarket Market is highly fragmented, with a number of small as well as medium-sized manufacturers, which account for a major global share of the market. The manufacturers involved in the automotive aftermarket market are desegregated across the value chain. The key companies of the market are well-equipped with large manufacturing facilities and are also engaged in various research & development activities.
Some major players included in the global Automotive Aftermarket market report are:
Bridgestone Corporation
Hella KGaA Hueck & Co.
Denso Corporation
Continental
ACDelco
Delphi Automotive
Fauraecia
BASF
Robert Bosch
3M Company
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter's Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report, click here @ https://www.emergenresearch.com/industry-report/automotive-aftermarket
Key Benefits of Buying the Global Automotive Aftermarket Market Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Automotive Aftermarket Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of Automotive Aftermarket market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Automotive Aftermarket Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Automotive Aftermarket Market
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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