Press release
Automotive Parts Aftermarket Outlook 2033: Bosch, Denso & Continental Drive Growth Toward US$ 984.7 Billion
Automotive Parts Aftermarket
According to Persistence Market Research, the broader mobility landscape-including two-wheelers-continues to gain traction, with the projected motorcycle market value reaching US$ 984.7 Bn by 2033, expanding at a 5.5% CAGR. The aftermarket segment benefits from this positive momentum as rising motorcycle ownership, increased commuter demand, and growing recreational biking activities lead to higher part replacement rates. Correspondingly, the overall automotive parts aftermarket is expected to advance on the back of strong consumer demand, component innovation, and heightened focus on vehicle performance enhancement.
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The market is further strengthened by technological advancements such as telematics-enabled diagnostics, advanced driver-assistance systems (ADAS), and smart automotive sensors. These systems require ongoing servicing, calibration, and replacement, opening new avenues for aftermarket suppliers. Among all market segments, components such as filters, brake parts, tires, and batteries retain leading shares due to their short replacement cycles. Geographically, North America remains a dominant region due to extensive vehicle ownership, a mature service ecosystem, and high disposable incomes. Meanwhile, Asia-Pacific is emerging as a high-growth region driven by rising vehicle sales, robust manufacturing activities, and a flourishing motorcycle segment-supported by the growing global motorcycle market outlook referenced by Persistence Market Research.
The updated version report delivers clear, data-driven insights, including:
• In-depth competitive benchmarking
• Historical performance trends paired with reliable future forecasts
• Detailed company market-share analysis
• Comprehensive regional evaluations
• The latest industry shifts, trends, and market dynamics
The key players studied in the report include:
Key players operating in the global automotive parts aftermarket include:
• Bajaj Auto Ltd.
• Robert Bosch GmbH
• ZF Friedrichshafen AG
• Hella KGaA Hueck & Co.
• NGK Spark Plug
• Exide Technologies
• Gabriel India Limited
• Hitachi Astemo Ltd.
• KYB Corporation
• Tenneco Inc.
• Denso Corporation
• Magna International
• Continental AG
• Valeo SA
• Bridgestone
• Michelin
• Goodyear
Key Highlights from the Report
➤ Growing global automotive fleet directly accelerates aftermarket component demand
➤ Rapid expansion of e-commerce platforms reshaping distribution channels for automotive parts
➤ Rising adoption of advanced materials in replacement components improves product durability
➤ Enhanced consumer preference for cost-effective alternatives driving aftermarket brand penetration
➤ Increasing popularity of vehicle customization fueling demand for specialized aftermarket parts
➤ Accelerated motorcycle market growth (US$ 984.7 Bn by 2033, CAGR 5.5%) supporting aftermarket expansion
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Key Segments Covered in Automotive Parts Aftermarket Industry
By Product:
• Engine & Transmission Parts
o Pistons
o Piston Rings
o Oil Filters
o Oil Pumps
o Air Filters
o Clutch
o Transmission Filters
• Brake Parts
o Brake Pads
o Brake Calipers
o Brake Rotors
o Brake Shoes
o Brake Drums
• Electrical Parts
o Starters
o Alternators
o Batteries
o Light Bulbs
o Sensors
• Fuel Intake & Ignition Parts
o Fuel Filters
o Fuel Injectors
o Spark Plugs
o Glow Plugs
o Fuel Pumps
• A/C Parts
o Cabin Air Filters
o Compressors
o Condensers
o Blower Motors
• Suspension Parts
o Shock Absorbers
o Leaf Springs
o Coil Springs
o Air Springs
• Exhaust Parts
o Exhaust Pipes
o Mufflers
• Engine Cooling Parts
o Radiators
o Radiator Fans
o Intercoolers
o Water Pumps
• Steering Parts
• Wheels
• Tires
By Vehicle:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• All-Terrain Vehicles
• Off-Highway Vehicles
By Sales Channel:
• Authorized Dealers
• Independent Dealers
• Online Channel
By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa
Regional Insights
North America leads the global automotive parts aftermarket due to its well-established service infrastructure, large vehicle population, and high emphasis on vehicle maintenance. The region's aging vehicle fleet drives consistent demand for replacement parts, while strong consumer awareness ensures the widespread use of premium aftermarket components. Europe follows closely, supported by strict safety regulations, advanced automotive technology adoption, and a growing electric vehicle base requiring specialized servicing.
In contrast, Asia-Pacific is the fastest-growing region, underpinned by rising vehicle ownership, robust economic growth, and a young population increasingly relying on personal mobility. The significant expansion of the motorcycle market across India, Southeast Asia, and China further accelerates aftermarket consumption. Countries in the Middle East and Africa are also witnessing increased demand due to harsh environmental conditions that accelerate component wear, particularly for tires and filters.
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Recent Developments
July 2024: A leading aftermarket supplier introduced a new line of high-efficiency automotive filters designed to improve fuel economy and engine life.
March 2024: A major global tire manufacturer expanded its aftermarket distribution network across Asia-Pacific to meet rising demand from the motorcycle and passenger vehicle segments.
Frequently Asked Questions
➤ What are the main factors influencing the Automotive Parts Aftermarket Market 2026-2033?
➤ Which companies are the major sources in the Automotive Parts Aftermarket industry?
➤ What are the market's opportunities, risks, and general structure in the Automotive Parts Aftermarket?
➤ Which of the top Automotive Parts Aftermarket companies compare in terms of sales, revenue, and prices?
➤ How are market types and applications explored in terms of deals, revenue, and value in the Automotive Parts Aftermarket?
Future Opportunities and Growth Prospects
The automotive parts aftermarket is poised for substantial long-term growth fueled by digital transformation, expanding global vehicle ownership, and increasing consumer inclination toward affordable and high-performance vehicle maintenance. With markets such as Asia-Pacific and Latin America experiencing rising economic activity and mobility demand, aftermarket companies have significant opportunities to strengthen their regional presence. The projected US$ 984.7 Bn valuation and 5.5% CAGR of the motorcycle market by 2033 further support aftermarket expansion, as two-wheelers remain a critical component of transportation ecosystems worldwide. Companies that embrace innovation, sustainability, and customer-centric models are expected to thrive, positioning the automotive parts aftermarket for a dynamic and opportunity-rich future.
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About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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