Global Automotive Aftermarket Market
The Automotive Aftermarket Market refers to the sector of the automotive industry that deals with the manufacturing, distribution, retail, and installation of vehicle parts, equipment, accessories, and services after the sale of the vehicle by the original equipment manufacturer (OEM). This market encompasses a wide range of products and services aimed at repairing, maintaining, customizing, and enhancing vehicles throughout their lifecycle.
Here Are Key Components Of The Automotive Aftermarket Market:
Market Size and Growth: The automotive aftermarket is a substantial and growing sector of the automotive industry. It includes a diverse array of products, services, and businesses, ranging from replacement parts and accessories to repair and maintenance services.
Segments and Products: The aftermarket market consists of several segments, including:
Replacement Parts: Engine components, brakes, filters, suspension parts, electrical components, and more.
Accessories: Customization options such as alloy wheels, performance upgrades, body kits, and interior enhancements.
Repair and Maintenance Services: Routine maintenance (e.g., oil changes, tire rotations), diagnostics, repairs, and installations of aftermarket parts.
Diagnostic Tools and Equipment: Tools and equipment used by repair shops and technicians to diagnose and service vehicles.
Parts and Components: The aftermarket offers a vast array of replacement parts and components for vehicles, including engine parts, brakes, suspension systems, electrical components, filters, and more. These parts are often manufactured by third-party suppliers and are designed to meet or exceed OEM specifications.
Accessories and Customization: Consumers often seek to personalize their vehicles with aftermarket accessories and customization options, such as alloy wheels, performance upgrades, audio systems, lighting enhancements, and interior/exterior styling kits.
Repair and Maintenance Services: The aftermarket provides a range of repair and maintenance services through independent garages, franchise chains, and automotive service centres. These services include routine maintenance (e.g., oil changes, tire rotations), diagnostics, repairs, and installations of aftermarket parts.
Distribution Channels: Automotive aftermarket products are distributed through various channels, including independent retailers, specialty stores, online marketplaces, auto parts chains, and wholesale distributors. Increasingly, e-commerce platforms play a significant role in aftermarket sales, providing consumers with convenient access to a wide selection of products.
Market Dynamics: The aftermarket market is influenced by factors such as vehicle age, miles driven, economic conditions, technological advancements, regulatory changes, and consumer preferences. For example, an aging vehicle fleet often drives demand for replacement parts and repair services.
Regional Variances: The aftermarket landscape varies by region, influenced by factors such as vehicle ownership rates, vehicle park composition, disposable income levels, cultural preferences, and regulatory frameworks. Emerging markets may have different aftermarket dynamics compared to mature markets.
Trends and Innovations: Key trends in the automotive aftermarket market include the adoption of digital technologies for sales and marketing, the growth of do-it-yourself (DIY) repair and customization culture, sustainability initiatives, and the integration of connected car technologies.
Challenges and Opportunities: Challenges in the automotive aftermarket include competition from OEM parts, counterfeit products, supply chain disruptions, and changing consumer preferences. However, there are also opportunities for innovation, expansion into new markets, and partnerships across the aftermarket ecosystem.
Overall, the automotive aftermarket market is a dynamic and multifaceted sector that plays a crucial role in providing vehicle owners with choice, convenience, and affordability in maintaining, repairing, and enhancing their vehicles beyond the initial purchase.
| Report AttributesA2:B10+A2:B12A2:B10A2:B9B8A2:B11A2:B8 | Details |
| Study Period | 2023 to 2033 |
| Base Year | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | • Robert Bosch GmbH • Continental AG • Denso Corporation • Magna International Inc. • Delphi Technologies • ZF Friedrichshafen AG • Valeo SA • Tenneco Inc. • Aisin Seiki Co. Ltd. • Faurecia SA • Aptiv PLC • Federal-Mogul Motorparts • Hella GmbH & Co. KGaA • BorgWarner Inc. • Lear Corporation • Mahle GmbH • Bridgestone Corporation • 3M Company • Osram GmbH • Continental Tyres • Others |
| SEGMENTS COVERED | By Type, By Application, and By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Automotive Aftermarket Market Segments
By Replacement Parts
· Tire & Wheels
· Battery & Brake Parts
· Body Parts
· Exhaust Components
· Turbocharger
· Others
By Vehicle Type
· Passenger Vehicle
· Commercial Vehicle
By Distribution Channel
· OEM & Repair Shops
· Wholesalers & Distributors
Automotive Aftermarket Market Regional Analysis
Regional analysis of the automotive aftermarket market provides insights into variations in demand, consumer behavior, regulatory environments, and market dynamics across different geographical regions. Here's an overview of key regions:
North America:
Mature Market: North America has a well-established automotive aftermarket ecosystem, supported by a large vehicle parc and a strong network of aftermarket suppliers, retailers, and service providers.
Consumer Behavior: Vehicle owners in North America often value customization, performance upgrades, and DIY repairs, driving demand for aftermarket parts and accessories.
Regulatory Environment: The aftermarket market in North America is subject to regulations related to product safety, emissions standards, and consumer protection.
Europe:
Diverse Market: Europe's automotive aftermarket landscape varies by country, influenced by factors such as vehicle ownership rates, economic conditions, and cultural preferences.
OEM Competition: European OEMs often have a strong presence in the aftermarket, offering branded parts and services through their dealership networks.
Sustainability Focus: Increasing emphasis on sustainability and environmental responsibility drives demand for eco-friendly aftermarket products and services.
Asia-Pacific (APAC):
Growing Market: APAC is one of the fastest-growing regions in the automotive aftermarket, fueled by rising vehicle ownership rates, expanding middle-class population, and increasing aftermarket awareness.
E-commerce Growth: E-commerce platforms play a significant role in the APAC aftermarket, providing consumers with convenient access to a wide range of aftermarket products and services.
Urbanization Trends: Rapid urbanization in APAC countries drives demand for aftermarket parts and services, particularly in densely populated urban areas.
Latin America:
Emerging Market: Latin America represents an emerging opportunity for the automotive aftermarket, driven by a growing vehicle parc, rising disposable income, and increasing aftermarket awareness.
Economic Factors: Market dynamics in Latin America are influenced by economic conditions, political stability, and currency fluctuations.
Local Preferences: Cultural preferences and consumer behavior vary across Latin American countries, impacting demand for different types of aftermarket products and services.
Middle East & Africa (MEA):
Diverse Landscape: MEA encompasses a diverse range of markets with varying levels of vehicle ownership, economic development, and regulatory environments.
Luxury Segment: The Middle East, in particular, has a strong demand for luxury vehicles and aftermarket customization options, driven by affluent consumers.
Infrastructure Development: Infrastructure development initiatives in select MEA countries drive demand for commercial vehicles and construction-related aftermarket products and services.
Overall, regional analysis of the automotive aftermarket market highlights the importance of understanding local market dynamics, consumer preferences, regulatory frameworks, and competitive landscapes to capitalize on growth opportunities and navigate challenges effectively.
Automotive Aftermarket Market Players
· Robert Bosch GmbH
· Continental AG
· Denso Corporation
· Magna International Inc.
· Delphi Technologies
· ZF Friedrichshafen AG
· Valeo SA
· Tenneco Inc.
· Aisin Seiki Co. Ltd.
· Faurecia SA
· Aptiv PLC
· Federal-Mogul Motorparts
· Hella GmbH & Co. KGaA
· BorgWarner Inc.
· Lear Corporation
· Mahle GmbH
· Bridgestone Corporation
· 3M Company
· Osram GmbH
· Continental Tyres
· Others
Table of Contents
Chapter 1. Preface
1.1 Report Description and Scope
1.2 Research scope
1.3 Research methodology
1.3.1 Market Research Type
1.3.2 Market Research Methodology
Chapter 2. Executive Summary
2.1 Global Automotive Aftermarket Market, (2024 – 2033) (USD Billion)
2.2 Global Automotive Aftermarket Market: snapshot
Chapter 3. Global Automotive Aftermarket Market – Industry Analysis
3.1 Automotive Aftermarket Market: Market Dynamics
3.2 Market Drivers
3.2.1 Digitization of component delivery sales & services
3.2.2 Ongoing trend of customization in cars
3.3 Market Restraints
3.4 Market Opportunities
3.5 Market Challenges
3.6 Porter’s Five Forces Analysis
3.7 Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Vehicle Type
3.7.3 Market Attractiveness Analysis By Application
Chapter 4. Global Automotive Aftermarket Market- Competitive Landscape
4.1 Company market share analysis
4.1.1 Global Automotive Aftermarket Market: company market share, 2024
4.2 Strategic development
4.2.1 Acquisitions & mergers
4.2.2 New Product launches
4.2.3 Agreements, partnerships, cullaborations, and joint ventures
4.2.4 Research and development and Regional expansion
4.3 Price trend analysis
Chapter 5. Global Automotive Aftermarket Market – Type Analysis
5.1 Global Automotive Aftermarket Market Overview: By Type
5.1.1 Global Automotive Aftermarket Market Share, By Type, 2024 and – 2033
5.2 Tempered Glass
5.2.1 Global Automotive Aftermarket Market by Tempered Glass, 2024 – 2033 (USD Billion)
5.3 Laminated Glass
5.3.1 Global Automotive Aftermarket Market by Laminated Glass, 2024 – 2033 (USD Billion)
5.4 Others
5.4.1 Global Automotive Aftermarket Market by Others, 2024 – 2033 (USD Billion)
Chapter 6. Global Automotive Aftermarket Market – Vehicle Type Analysis
6.1 Global Automotive Aftermarket Market Overview: By Vehicle Type
6.1.1 Global Automotive Aftermarket Market Share, By Vehicle Type, 2024 and – 2033
6.2 Passenger Vehicle
6.2.1 Global Automotive Aftermarket Market by Passenger Vehicle, 2024 – 2033 (USD Billion)
6.3 Commercial Vehicle
6.3.1 Global Automotive Aftermarket Market by Commercial Vehicle, 2024 – 2033 (USD Billion)
Chapter 7. Global Automotive Aftermarket Market – Application Analysis
7.1 Global Automotive Aftermarket Market Overview: By Application
7.1.1 Global Automotive Aftermarket Market Share, By Application, 2024 and – 2033
7.2 Windscreen
7.2.1 Global Automotive Aftermarket Market by Windscreen, 2024 – 2033 (USD Billion)
7.3 Sidelite
7.3.1 Global Automotive Aftermarket Market by Sidelite, 2024 – 2033 (USD Billion)
7.4 Backlite
7.4.1 Global Automotive Aftermarket Market by Backlite, 2024 – 2033 (USD Billion)
7.5 Sunroof
7.5.1 Global Automotive Aftermarket Market by Sunroof, 2024 – 2033 (USD Billion)
7.6 Others
7.6.1 Global Automotive Aftermarket Market by Others, 2024 – 2033 (USD Billion)
Chapter 8. Automotive Aftermarket Market – Regional Analysis
8.1 Global Automotive Aftermarket Market Regional Overview
8.2 Global Automotive Aftermarket Market Share, by Region, 2024 & – 2033 (USD Billion)
8.3. North America
8.3.1 North America Automotive Aftermarket Market, 2024 – 2033 (USD Billion)
8.3.1.1 North America Automotive Aftermarket Market, by Country, 2024 – 2033 (USD Billion)
8.4 North America Automotive Aftermarket Market, by Type, 2024 – 2033
8.4.1 North America Automotive Aftermarket Market, by Type, 2024 – 2033 (USD Billion)
8.5 North America Automotive Aftermarket Market, by Vehicle Type, 2024 – 2033
8.5.1 North America Automotive Aftermarket Market, by Vehicle Type, 2024 – 2033 (USD Billion)
8.6 North America Automotive Aftermarket Market, by Application, 2024 – 2033
8.6.1 North America Automotive Aftermarket Market, by Application, 2024 – 2033 (USD Billion)
8.7. Europe
8.7.1 Europe Automotive Aftermarket Market, 2024 – 2033 (USD Billion)
8.7.1.1 Europe Automotive Aftermarket Market, by Country, 2024 – 2033 (USD Billion)
8.8 Europe Automotive Aftermarket Market, by Type, 2024 – 2033
8.8.1 Europe Automotive Aftermarket Market, by Type, 2024 – 2033 (USD Billion)
8.9 Europe Automotive Aftermarket Market, by Vehicle Type, 2024 – 2033
8.9.1 Europe Automotive Aftermarket Market, by Vehicle Type, 2024 – 2033 (USD Billion)
8.10 Europe Automotive Aftermarket Market, by Application, 2024 – 2033
8.10.1 Europe Automotive Aftermarket Market, by Application, 2024 – 2033 (USD Billion)
8.11. Asia Pacific
8.11.1 Asia Pacific Automotive Aftermarket Market, 2024 – 2033 (USD Billion)
8.11.1.1 Asia Pacific Automotive Aftermarket Market, by Country, 2024 – 2033 (USD Billion)
8.12 Asia Pacific Automotive Aftermarket Market, by Type, 2024 – 2033
8.12.1 Asia Pacific Automotive Aftermarket Market, by Type, 2024 – 2033 (USD Billion)
8.13 Asia Pacific Automotive Aftermarket Market, by Vehicle Type, 2024 – 2033
8.13.1 Asia Pacific Automotive Aftermarket Market, by Vehicle Type, 2024 – 2033 (USD Billion)
8.14 Asia Pacific Automotive Aftermarket Market, by Application, 2024 – 2033
8.14.1 Asia Pacific Automotive Aftermarket Market, by Application, 2024 – 2033 (USD Billion)
8.15. Latin America
8.15.1 Latin America Automotive Aftermarket Market, 2024 – 2033 (USD Billion)
8.15.1.1 Latin America Automotive Aftermarket Market, by Country, 2024 – 2033 (USD Billion)
8.16 Latin America Automotive Aftermarket Market, by Type, 2024 – 2033
8.16.1 Latin America Automotive Aftermarket Market, by Type, 2024 – 2033 (USD Billion)
8.17 Latin America Automotive Aftermarket Market, by Vehicle Type, 2024 – 2033
8.17.1 Latin America Automotive Aftermarket Market, by Vehicle Type, 2024 – 2033 (USD Billion)
8.18 Latin America Automotive Aftermarket Market, by Application, 2024 – 2033
8.18.1 Latin America Automotive Aftermarket Market, by Application, 2024 – 2033 (USD Billion)
8.19. The Middle-East and Africa
8.19.1 The Middle-East and Africa Automotive Aftermarket Market, 2024 – 2033 (USD Billion)
8.19.1.1 The Middle-East and Africa Automotive Aftermarket Market, by Country, 2024 – 2033 (USD Billion)
8.20 The Middle-East and Africa Automotive Aftermarket Market, by Type, 2024 – 2033
8.20.1 The Middle-East and Africa Automotive Aftermarket Market, by Type, 2024 – 2033 (USD Billion)
8.21 The Middle-East and Africa Automotive Aftermarket Market, by Vehicle Type, 2024 – 2033
8.21.1 The Middle-East and Africa Automotive Aftermarket Market, by Vehicle Type, 2024 – 2033 (USD Billion)
8.22 The Middle-East and Africa Automotive Aftermarket Market, by Application, 2024 – 2033
8.22.1 The Middle-East and Africa Automotive Aftermarket Market, by Application, 2024 – 2033 (USD Billion)
Chapter 9. Company Profiles
9.1 Robert Bosch GmbH
9.1.1 Overview
9.1.2 Financials
9.1.3 Product Portfolio
9.1.4 Business Strategy
9.1.5 Recent Developments
9.2 Continental AG
9.2.1 Overview
9.2.2 Financials
9.2.3 Product Portfolio
9.2.4 Business Strategy
9.2.5 Recent Developments
9.3 Denso Corporation
9.3.1 Overview
9.3.2 Financials
9.3.3 Product Portfolio
9.3.4 Business Strategy
9.3.5 Recent Developments
9.4 Magna International Inc.
9.4.1 Overview
9.4.2 Financials
9.4.3 Product Portfolio
9.4.4 Business Strategy
9.4.5 Recent Developments
9.5 Delphi Technologies
9.5.1 Overview
9.5.2 Financials
9.5.3 Product Portfolio
9.5.4 Business Strategy
9.5.5 Recent Developments
9.6 ZF Friedrichshafen AG
9.6.1 Overview
9.6.2 Financials
9.6.3 Product Portfolio
9.6.4 Business Strategy
9.6.5 Recent Developments
9.7 Valeo SA
9.7.1 Overview
9.7.2 Financials
9.7.3 Product Portfolio
9.7.4 Business Strategy
9.7.5 Recent Developments
9.8 Tenneco Inc.
9.8.1 Overview
9.8.2 Financials
9.8.3 Product Portfolio
9.8.4 Business Strategy
9.8.5 Recent Developments
9.9 Aisin Seiki Co. Ltd.
9.9.1 Overview
9.9.2 Financials
9.9.3 Product Portfolio
9.9.4 Business Strategy
9.9.5 Recent Developments
9.10 Faurecia SA
9.10.1 Overview
9.10.2 Financials
9.10.3 Product Portfolio
9.10.4 Business Strategy
9.10.5 Recent Developments
9.11 Aptiv PLC
9.11.1 Overview
9.11.2 Financials
9.11.3 Product Portfolio
9.11.4 Business Strategy
9.11.5 Recent Developments
9.12 Federal-Mogul Motorparts
9.12.1 Overview
9.12.2 Financials
9.12.3 Product Portfolio
9.12.4 Business Strategy
9.12.5 Recent Developments
9.13 Hella GmbH & Co. KGaA
9.13.1 Overview
9.13.2 Financials
9.13.3 Product Portfolio
9.13.4 Business Strategy
9.13.5 Recent Developments
9.14 BorgWarner Inc.
9.14.1 Overview
9.14.2 Financials
9.14.3 Product Portfolio
9.14.4 Business Strategy
9.14.5 Recent Developments
9.15 Lear Corporation
9.15.1 Overview
9.15.2 Financials
9.15.3 Product Portfolio
9.15.4 Business Strategy
9.15.5 Recent Developments
9.16 Mahle GmbH
9.16.1 Overview
9.16.2 Financials
9.16.3 Product Portfolio
9.16.4 Business Strategy
9.16.5 Recent Developments
9.17 Bridgestone Corporation
9.17.1 Overview
9.17.2 Financials
9.17.3 Product Portfolio
9.17.4 Business Strategy
9.17.5 Recent Developments
9.18 3M Company
9.18.1 Overview
9.18.2 Financials
9.18.3 Product Portfolio
9.18.4 Business Strategy
9.18.5 Recent Developments
9.19 Osram GmbH
9.19.1 Overview
9.19.2 Financials
9.19.3 Product Portfolio
9.19.4 Business Strategy
9.19.5 Recent Developments
9.20 Continental Tyres
9.20.1 Overview
9.20.2 Financials
9.20.3 Product Portfolio
9.20.4 Business Strategy
9.20.5 Recent Developments
9.21 Others.
9.21.1 Overview
9.21.2 Financials
9.21.3 Product Portfolio
9.21.4 Business Strategy
9.21.5 Recent Developments
Automotive Aftermarket Market Segments
By Replacement Parts
· Tire & Wheels
· Battery & Brake Parts
· Body Parts
· Exhaust Components
· Turbocharger
· Others
By Vehicle Type
· Passenger Vehicle
· Commercial Vehicle
By Distribution Channel
· OEM & Repair Shops
Wholesalers & Distributors
Automotive Aftermarket Market Players
· Robert Bosch GmbH
· Continental AG
· Denso Corporation
· Magna International Inc.
· Delphi Technologies
· ZF Friedrichshafen AG
· Valeo SA
· Tenneco Inc.
· Aisin Seiki Co. Ltd.
· Faurecia SA
· Aptiv PLC
· Federal-Mogul Motorparts
· Hella GmbH & Co. KGaA
· BorgWarner Inc.
· Lear Corporation
· Mahle GmbH
· Bridgestone Corporation
· 3M Company
· Osram GmbH
· Continental Tyres
Others
