Press release
Automotive Aftermarket Expected to Increase at a CAGR 9.6% through 2016-2026
Key Trends Impacting the ASEAN Automotive Aftermarket
Growing popularity of new, lightweight vehicle models
Advances in OEM technology and OEM globalisation
Adoption of remote vehicle diagnostic systems, growing awareness about self-inflating tyres, and widespread acceptance of electric vehicle technology
Request For TOC @ https://www.futuremarketinsights.com/askus/rep-as-661
Online sales of automotive parts and accessories
Establishment of franchises in emerging countries, especially those where vehicle parc is steadily gaining traction
Segmentation Highlights: Tyres Will Remain Highest Selling Parts; Indonesia to Remain the Largest Market
By type, tyres will continue to account for the largest revenue share. In the accessories segment, the interior accessories segment – which includes steering wheels, seat covers, seat belts, liners, floor mats, liners, gauges, dash boards, and shift knobs – will reportedly hold a major share of over 66%, crossing a value of US$ 9.0 Bn by 2026 end.
By service, general automotive repair is estimated at over 86% value share during the forecast period, maintaining dominance over automotive transmission repairs. By vehicle type, passenger cars will continue to attract higher revenues compared to commercial vehicles. Indonesia will remain the largest market accounting for 35% revenue share of the market in 2026. Thailand and Malaysia, the other key markets will collectively account for over 50% revenue share of the market.
Fundamental Shift in Consumer Preference and Driver’s Choice Will Impact the Market
With driverless car technology and dashboard pyro techniques steadily gaining traction, consumers are likely to have more aftermarket channels to shop. Consumer behaviour is expected to shift from a conventional way of buying vehicle parts, accessing repair services, and selecting accessories. Moreover, evolving driver preferences also reflect a new set of revenue generation opportunities for automakers, auto part suppliers, repair shops, and accessory retailers. Consumers are increasingly becoming aware of the latest launched products and thus, will access a plethora of aftermarket product offerings to cater to their comfort, aesthetics, and infotainment-related requirements.
Request For Sample @https://www.futuremarketinsights.com/reports/sample/rep-as-661
Key Players Focussing on Boosting Expansion Capacity
The key players highlighted in the ASEAN automotive aftermarket include Denso Corporation, Hella KGaA Hueck & Co., Continental AG, Delphi Automotive PLC, ACDelco, Faurecia SA, Magneti Marelli SpA, Robert Bosch GmbH, Aisin Seiki Co., Ltd., and Bridgestone Corporation. Bridgestone, one of the top companies, announced expansion of its international manufacturing capabilities in Germany this year. Post-acquisition of Speedy France, the company also launched a new manufacturing plant based in Indonesia. Continental AG also opened its new production plants in India and China this year.
ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: http://www.futuremarketinsights.com/
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 Aftermarket Expected to Increase at a CAGR 9.6% through 2016-2026 here
News-ID: 852047 • Views: …
More Releases from Future Market Insights
Global Logistics Outsourcing Market to Reach USD 2.2 Trillion by 2036 at 4.8% CA …
The global Logistics Outsourcing Market is projected to expand from USD 1.4 trillion in 2026 to USD 2.2 trillion by 2036, registering a CAGR of 4.8% during the forecast period. According to Future Market Insights (FMI), enterprises are accelerating outsourcing strategies to enhance supply chain resilience, digital transparency, and operational flexibility in an increasingly volatile global trade environment.
Demand dynamics are heavily influenced by the need for end-to-end visibility, omnichannel fulfillment…
Chemical Recycling Feedstock Aggregation Market to Reach USD 5,921.7 million by …
The global Chemical Recycling Feedstock Aggregation Market is projected to grow from USD 1,640.0 million in 2026 to USD 5,921.7 million by 2036, registering a CAGR of 13.7%. The expansion reflects structural scaling of chemical recycling plants that depend on consistent, specification-aligned plastic waste streams rather than fragmented sourcing models.
As pyrolysis and depolymerization capacities expand worldwide, aggregators are investing in centralized hubs that integrate pre-sorting, blending, contamination control, and logistics…
Global Surfactants for Enhanced Oil Recovery Market to Reach USD 2.9 Billion by …
The global Surfactants for Enhanced Oil Recovery (EOR) Market is projected to grow from USD 1.9 billion in 2026 to USD 2.9 billion by 2036, registering a CAGR of 3.85%. Market expansion is closely tied to mature oilfield economics, where incremental recovery gains justify chemical investment. Rather than broad upstream expansion, growth is concentrated in technically validated, project-specific deployments.
Long evaluation timelines, pilot testing requirements, and reservoir heterogeneity slow rapid scale-up,…
UK Hydrocarbon Accounting Solution Market to Reach USD 110.7 Mn by 2036 at 5.8% …
The Demand for Hydrocarbon Accounting Solution in United Kingdom is projected to expand from USD 63.0 million in 2026 to USD 110.7 million by 2036, registering a CAGR of 5.8% over the forecast period. The market's growth trajectory reflects accelerating regulatory oversight, digital oilfield deployment, and enterprise-level data governance initiatives across upstream and midstream operations.
As operators confront tightening volumetric reporting standards and emissions accountability frameworks, hydrocarbon accounting solutions are becoming…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
