The automotive aftermarket can be defined as the auto industry’s after-sale market that includes vehicle parts, equipment, collision repair, replacement tires, service repair, and accessories that are sold after the sale of the original vehicle. The automotive aftermarket is the secondary market of automobiles industry, which includes companies related to manufacturing, re-manufacturing, distribution, retailing, and installation of replacement vehicle parts, equipment, service repair and automotive accessories.

To have an edge over the competition by knowing the market dynamics and current trends of “Automotive Aftermarket Market”, request for Sample Report here

According to the automotive aftermarket industry analysis, the increasing sales of new and preowned vehicles along with digitization of distribution channels is one of the major factors boosting the growth of the automotive aftersales market. In addition, growing demand for vehicle upgradation and rising concern of customers regarding comfort and safety are further expected to augment the adoption of aftermarket products in vehicles over the forecast period. Moreover, emergence of autonomous driving has increased the complexities of vehicles that require shorter maintenance intervals, which is one of the automotive aftermarket industry trends that is increasing the demand of the market. However, high durability and strength of original equipment, difference in quality of the material, and the emergence of COVID 19 are some of the major factors that are anticipated to restraint the growth of the automotive aftermarket industry over the forecast period.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on replacement part, the market is segmented into tire, battery, brake parts, filters, body parts, lighting & electronics components, exhaust component, turbochargers, and others. The tire segment is anticipated to dominate the market owing to the low replacement cycle of tires as compared to its counterparts along with the rising demand for convenience, high maintenance, and retreading of tires among customers.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Based on the region, Asia-Pacific region is anticipated to lead the automotive aftermarket during the forecast period. This is primarily due to the growing economies including China, Japan, India, and South Korea in the region, coupled with the increasing production of vehicles and aftermarket products in the automotive industry. North America is projected to grow at a higher CAGR in the automotive aftermarket market owing to the rapid economic development, the growing demand of autonomous vehicles, coupled with the rising concerns for safety of vehicles among the consumers in the region.

The leading automotive aftermarket companies are Continental AG, 3M Company, BorgWarner Inc., Tenneco Inc., Denso Corporation, Marelli Holdings Co., Ltd., Robert Bosch GmbH, The Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, and Cooper Tire & Rubber Company, among other companies. 

Key Developments:

• • In 2020, BorgWarner Inc., one of the leading companies providing clean and efficient technology solutions for combustion, hybrid and electric vehicles, acquired Delphi Technologies PLC, one of the prominent companies in automotive aftermarket. This is expected to enhance the company’s business portfolio in the automotive aftermarket industry.
  • In 2018, Tenneco Inc., acquired Federal-Mogul Corporation, one of the leading global suppliers to original equipment manufacturers and the aftermarket in automotive industry. This acquisition helped to enhance the product portfolio of the company in the aftermarket products.

The global automotive aftermarket market has been segmented on the replacement part, distribution channel, and region. Based on replacement part, the market is segmented into tire, battery, brake parts, filters, body parts, lighting & electronics components, wheels, exhaust component, turbochargers, and others. Based on distribution channel, the market is segmented into Online and offline.

For detailed scope of the “Automotive Aftermarket Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Automotive Aftermarket market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Automotive Aftermarket market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Automotive Aftermarket market?
  • Which replacement part generated maximum revenues in 2019 and identify the most promising replacement part during the forecast period?
  • What are the various distribution channels of global Automotive Aftermarket market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Replacement Part, Distribution Channel, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Continental AG, 3M Company, BorgWarner Inc., Tenneco Inc., Denso Corporation, Marelli Holdings Co., Ltd., Robert Bosch GmbH, The Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, and Cooper Tire & Rubber Company among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Automotive Aftermarket Market by Replacement Part

• • Tire
  • Battery
  • Brake Parts
  • Filters
  • Body Parts
  • Lighting & Electronics Components
  • Exhaust Component
  • Turbochargers
  • Others

Global Automotive Aftermarket Market by Distribution Channel

• • Online
  • Offline

Global Automotive Aftermarket Market by Region

• • North America Automotive Aftermarket Market (Option 1: As a part of the free 25% customization)
    • North America Automotive Aftermarket Market by Replacement Part
    • North America Automotive Aftermarket Market by Distribution Channel
    • US Automotive Aftermarket Market All-Up
    • Canada Automotive Aftermarket Market All-Up
  • Europe Automotive Aftermarket Market (Option 2: As a part of the free 25% customization)
    • Europe Automotive Aftermarket Market by Replacement Part
    • Europe Automotive Aftermarket Market by Distribution Channel
    • UK Automotive Aftermarket Market All-Up
    • Germany Automotive Aftermarket Market All-Up
    • France Automotive Aftermarket Market All-Up
    • Spain Automotive Aftermarket Market All-Up
    • Rest of Europe Automotive Aftermarket Market All-Up
  • Asia-Pacific Automotive Aftermarket Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Automotive Aftermarket Market by Replacement Part
    • Asia-Pacific Automotive Aftermarket Market by Distribution Channel
    • China Automotive Aftermarket Market All-Up
    • India Automotive Aftermarket Market All-Up
    • Japan Automotive Aftermarket Market All-Up
    • Rest of APAC Automotive Aftermarket Market All-Up
  • RoW Automotive Aftermarket Market (Option 4: As a part of the free 25% customization)
    • RoW Automotive Aftermarket Market by Replacement Part
    • RoW Automotive Aftermarket Market by Distribution Channel
    • Brazil Automotive Aftermarket Market All-Up
    • South Africa Automotive Aftermarket Market All-Up
    • Saudi Arabia Automotive Aftermarket Market All-Up
    • UAE Automotive Aftermarket Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Automotive Aftermarket Market All-Up

Global Automotive Aftermarket Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Continental AG
  • 3M Company
  • BorgWarner Inc.
  • Tenneco Inc.
  • Denso Corporation
  • Marelli Holdings Co., Ltd. 
  • Robert Bosch GmbH
  • The Goodyear Tire & Rubber Company
  • ZF Friedrichshafen AG 
  • Cooper Tire & Rubber Company