Precedence Research recently published a report on “Automotive Aftermarket (By Replacement Part: Battery, Tire, Filters, Brake Parts, Turbochargers, Body Parts, Wheels, and Others; By Service Channel: DIFM (Do it for Me), DIY (Do it Yourself), and OE (Delegating to OEM’s); By Distribution Channel: Wholesalers & Distributors and Retailers (OEMs and Repair Shops); By Certification: Certified Parts, Genuine Parts, and Uncertified Parts) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2021 – 2027”. Amid the COVID-19 crisis, the global automotive aftermarket size is projected to reach USD 950.09 billion by 2027 from an estimated USD 693.8 billion in 2020, at a CAGR of 4.61% during the forecast period 2020 – 2027.
The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This research report evaluates automotive aftermarket on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global automotive aftermarket for the period from 2016 to 2027. This research study offers historic data for years 2016 to 2027 along with a forecast from 2020 to 2027 based on value.
Automotive aftermarket includes post-sales replacement of vehicle parts or components to maintain the efficiency and its mobility affordable throughout the life of a vehicle. There are chain of operators in the automotive aftermarket that include multi-brand repairers, providers of technical information, parts distributors, tools manufacturers, parts manufacturers, and roadside rescue service providers.
Scope of the Study
This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, product, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
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Growth Factors
Increasing sales of pre-owned and new vehicles, ageing of vehicles, and poor road conditions are some of the prominent factors that spur the growth of automotive aftermarket. As per Bureau of Transportation Statistics U.S., average age of passenger vehicles is 12 years. Thus, automotive components or parts demand replacement, thereby fuelling the growth of the market. In addition, Integration of advanced technologies such as Internet of Things (IoT), big data, and analytics in the distribution mode triggers the trend for online sales of automotive components. Besides this, rising adoption of electric vehicle and safety technologies offer significant challenge for the component replacement.
Report Highlights
Regional Snapshots
In terms of market value, the Asia Pacific led the automotive aftermarket in 2019 and anticipated to register lucrative growth in the coming years. This is attributed to the rising sale and production of both passenger and commercial vehicles in the region. Dramatic changes in the transportation sector offer significant opportunity for the market players to maintain strong footprint in the region. Furthermore, the automotive aftermarket in the Asia Pacific region experience major consolidation from organized and new entrants by replacing current and unorganized players. In addition, implementation of new tax reforms from government enable the market to shift from unorganized management to organized and digitized platforms. Escalating disposable wages in emerging nations, such as Brazil and China is anticipated to have a progressive influence on the aftermarket sector.
On the other end, Europe and North America are the matured markets and seek lucrative growth for new technology integration in the existing platform. The public is also more experienced and prefer Do It Yourself (DIY) sales channel that again boost the market growth. In addition, high purchasing power in the regions triggered the sales of premium and luxury vehicles that cost higher for aftermarket component replacement, thus offer lucrative growth for Do It Yourself (DIY).
Key Players:
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the automotive aftermarket and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the automotive aftermarket include:
Segments Covered in the Report
This research study comprises complete valuation of the market revenue with the help of widespread quantitative and qualitative insights, and prognoses of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This report includes market division and its revenue assessment by categorizing it depending on replacement part, service channel, distribution channel, certification, and region:
By Replacement Part
By Service Channel
By Distribution Channel
By Certification
By Regional Outlook
Key Takeaways
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Automotive Aftermarket, By Replacement Part
7.1. Automotive Aftermarket, by Replacement Part Type, 2020-2027
7.1.1. Battery
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Tire
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Filters
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Brake Parts
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Turbochargers
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Lighting & Electronic Components
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Exhaust Components
7.1.7.1. Market Revenue and Forecast (2016-2027)
7.1.8. Body Parts
7.1.8.1. Market Revenue and Forecast (2016-2027)
7.1.9. Wheels
7.1.9.1. Market Revenue and Forecast (2016-2027)
7.1.10. Others
7.1.10.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Automotive Aftermarket, By Service Channel
8.1. Automotive Aftermarket, by Service Channel, 2020-2027
8.1.1. DIFM (Do it for Me)
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. DIY (Do it Yourself)
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. OE (Delegating to OEM’s)
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Automotive Aftermarket, By Distribution Channel
9.1. Automotive Aftermarket, by Distribution Channel, 2020-2027
9.1.1. Wholesalers & Distributors
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Retailers
9.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Automotive Aftermarket, By Certification
10.1. Automotive Aftermarket, by Certification, 2020-2027
10.1.1. Certified Parts
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Genuine Parts
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Uncertified Parts
10.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 11. Global Automotive Aftermarket, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.1.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.1.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.1.4. Market Revenue and Forecast, by Certification (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.1.5.4. Market Revenue and Forecast, by Certification (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.1.6.4. Market Revenue and Forecast, by Certification (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.2.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.2.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.2.4. Market Revenue and Forecast, by Certification (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.2.5.4. Market Revenue and Forecast, by Certification (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.2.6.4. Market Revenue and Forecast, by Certification (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.2.7.4. Market Revenue and Forecast, by Certification (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.2.8.4. Market Revenue and Forecast, by Certification (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.3.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.3.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.3.4. Market Revenue and Forecast, by Certification (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.3.5.4. Market Revenue and Forecast, by Certification (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.3.6.4. Market Revenue and Forecast, by Certification (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.3.7.4. Market Revenue and Forecast, by Certification (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.3.8.4. Market Revenue and Forecast, by Certification (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.4.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.4.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.4.4. Market Revenue and Forecast, by Certification (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.4.5.4. Market Revenue and Forecast, by Certification (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.4.6.4. Market Revenue and Forecast, by Certification (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.4.7.4. Market Revenue and Forecast, by Certification (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.4.8.4. Market Revenue and Forecast, by Certification (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.5.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.5.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.5.4. Market Revenue and Forecast, by Certification (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.5.5.4. Market Revenue and Forecast, by Certification (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Replacement Part (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Service Channel (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
11.5.6.4. Market Revenue and Forecast, by Certification (2016-2027)
Chapter 12. Company Profiles
12.1. p.A.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. 3M Company
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Continental AG
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Robert Bosch GmbH
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Federal-Mogul Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Denso Corporation
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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