Growing demand for digitization of aftermarket services in automobiles is driving the demand for the market.
The Global Automotive Aftermarket Market is projected to reach USD 518.04 billion in 2027. The market growth is expected to increase through the digitalization of automobile repair and parts manufacturing, along with advanced technological incorporations of the production of automotive aftermarket components.
The Automotive Aftermarket report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report is an all-inclusive document that covers the drivers, restraints, challenges, emerging trends, consumer patterns, pricing analysis, and market estimation.
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Substantial investments are anticipated from key players in digitizing product supply sales and services, along with online platforms selling aftermarket products in synchronous with global car suppliers. The online aftermarket sector is expected to enjoy strong growth in developing countries, thanks to the above-listed trade gateways. In addition, the increase in automotive product online sales is expected to fuel more increase in the market.
Tonality Pointer of the Report
- The emphasis is strongly on digital methods for the full supply chain processes by the automakers, product suppliers and distributors, and original equipment manufacturers (OEMs).
- The digitization of the networks and services would also allow customers to deepen their research and inform about the quality, location, and availability of services in the workshop before buying or repairing their vehicle.
- Due to the growing number of weight vehicles and the rising age of the light vehicle fleet, the aftermarket must expand dramatically over the forecast period.
- Manufacturers’ innovative business models and strategies are anticipated to provide sustained market growth opportunities and rising investment in them.
- Key players in the market include Bridgestone Corporation, Hella KGaA Hueck & Co., Denso Corporation, Continental, ACDelco, Delphi Automotive, Fauraecia, BASF, Robert Bosch, and 3M Company, among others.
The dissolution of the Automotive Aftermarket market is done on the basis of product types, application spectrum, and the key regions of the Automotive Aftermarket market. Along with this, the report also provides extensive coverage of the key companies and their strategic schemes to gain a substantial market position.
- Replacement Part Outlook (Revenue: USD Billion; 2017-2027)
- Brake Parts
- Body parts
- Lighting & Electronic Components
- Exhaust components
- Certification Outlook (Revenue: USD Billion; 2017-2027)
- Genuine Parts
- Certified Parts
- Uncertified Parts
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The report offers an exhaustive overview of the global Automotive Aftermarket market scenario pertaining to market value, volume, production and consumption rates, and market segmentation based on types, regions, and applications.
Major Geographies Analyzed in the Report:
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)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Addressed in the Report:
- Who are the leading players of the Automotive Aftermarket industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of the Automotive Aftermarket market?
- Which segment is expected to garner traction during the coming years?
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Automotive Aftermarket Market Segmentation & Impact Analysis
4.1. Automotive Aftermarket Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. High demand for new technologies in vehicles and digitization
18.104.22.168. Increased sales of new and pre-owned vehicles
22.214.171.124. Ageing vehicle fleet along with poor road infrastructure
4.2.3. Market restraints analysis
126.96.36.199. Adoption of vehicle safety technologies and rising electric vehicle sales
188.8.131.52. Lack of skilled labor due to COVID-19
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Automotive Aftermarket Market By Replacement Part Insights & Trends, Revenue (USD Billion)
5.1. Replacement Part Dynamics & Market Share, 2019 & 2027
5.1.3. Brake Parts
5.1.5. Body parts
5.1.6. Lighting & Electronic Components
5.1.8. Exhaust components
Chapter 6. Automotive Aftermarket Market By Certification Insights & Trends Revenue (USD Billion)
6.1. Certification Dynamics & Market Share, 2019 & 2027
6.1.1. Genuine Parts
6.1.2. Certified Parts
6.1.3. Uncertified Parts
Conclusion Of the Report:
To conclude everything stated above, the report offers a panoramic view of the Automotive Aftermarket market in both the global and regional markets, supported by key statistical data and industry-verified facts. It offers a thorough examination of the size, share, and market volume of the Automotive Aftermarket industry to forecast the same evaluations until 2028. It also studies and analyzes the different growth prospects and opportunities, along with threats that the players might face in the Global Automotive Aftermarket Market.
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