Global Automotive Aftermarket Industry Anticipated to Expand at a CAGR of 3.2% (2017-2025)According to Goldstein Research's global automotive aftermarket industry analysis the market size is estimated at USD 763 billion in 2017, which is growing at a compounded annual growth rate of 3.2% during the forecast period 2017-2025. The global automotive aftermarket industry accounts for 20% revenue share of the global automotive industry. The upwards graph in the sales of new automobiles and the trend of digital-driven products & services, combinedly accelerate the growth of the market. Global automotive aftermarket industry segmentation has been carried out on the basis of aftermarket products and services type, end user, distribution channel, and geography.
On the basis of aftermarket products and services type, the wear & tear parts segment accounted for the highest market of +52%. Further, the global automotive drive-shaft market and global automotive turbochargers market each account for significant market share, impelling the growth of automotive aftermarket industry all over the world. Global automotive aftermarket industry is largely driven by North America market share of 35% in 2017. Whereas Asia Pacific automotive aftermarket industry is growing at the fastest rate, majorly driven by the growth of China automotive aftermarket industry, growing at a CAGR of +6.4% during forecast period.
Industry Segmentation
On the basis of our in-depth analysis, Global Automotive Aftermarket Industry can be segmented as follows:
By Aftermarket Products and Services Type
- Wear-and-Tear Parts
- Crash-Relevant Parts
- Accessories and Appearance Products
- Diagnostics Products
- Services (Fleet Management etc.)
By End Users Type
- Service Providers (Telematics, Fleet Management etc.)
- Independent Workshops
- Automotive OEM Workshop
By Distribution Channels
- Offline Distribution Channel
- Online Distribution Channel
By Region
- North America (US, Canada) {Industry Share (%), Industry Size (USD Billion, Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
- The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
- Rest of the World {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
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“Automotive Aftermarket Industry Analysis” contains the detailed overview of the global automotive aftermarket industry. On the basis of our in-depth analysis, the industry can be segmented in terms of industry segmentation by aftermarket products and services type, end user and distribution channel.
Further, for the in-depth analysis, Global Automotive Aftermarket Industry Report encompasses the industry growth drivers, industry challenges, risk analysis, industry attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This industry report also includes competitive outlook of some of the major players profiling of companies such as 3M, Continental AG, Delphi Automotive PLC, Denso Corporation, Federal-Mogul Corporation, Magneti Marelli S.p.A., Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, COOPER TIRE & RUBBER COMPANY, Robert Bosch GmbH, etc.
The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global automotive aftermarket industry trends along with industry forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their industry-centric strategies according to the ongoing and expected trends in the future.
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