Automotive Aftermarket: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Request Brochure Request Discount

Report Code: ZMR-236 | Report Format : | Status : Upcoming |

Abstract

The automotive aftermarket is the secondary market of the automotive industry. It is one of the vigorous, highly complex, and competitive markets that are generally concerned with retailing, manufacturing, remanufacturing, and distribution. In addition, the aftersales sector includes accessories, installation of all vehicle parts, equipment and chemicals after selling the products by the original equipment manufacturers (OEMs) to the buyers. The automotive aftermarket is a diverse market that majorly deals with maintenance, repair, and post-sale services. Automotive aftermarket comprises the process of replacement of the part damaged due to accident or crash. There is a wide variety of parts of different quality and prices for numerous different vehicle models.

With the need of new and advanced vehicles, the demand for the automotive parts is increasing. Declining cost of aftermarket parts is one of the major driving factors for growth of the market. Moreover, rising population and increasing income will also foster the market in the near future. The increasing use of light vehicles also impacts the market in a positive way. Moreover, there is a high demand for accessories and auto parts, which will further boost the automotive aftermarket the near future. Technological advancements and standardizing architecture will also drive the demand of the market in future. Reduced maintenance cost, improved quality of the product, and rising demand for the branded parts is the biggest revenue generator for the market. Conversely, the key restraining factor of the market is the global legal issue. Also, increasing the openness of the automated market is creating the challenge to the growth of the market.

On the basis of types, the global automotive aftermarket is segmented as replacement parts and accessories. The replacement parts segment comprises automotive parts that are manufactured to replace original equipment (OE) if they are damaged. Accessories are designed to provide comfort, performance, convenience, and safety. The accessories segment is the leading segment in the automotive aftermarket. In addition, Do-It-Yourself (DIY) segment and the Do-It-For-Me (DIFM) segment are also available to customers through which they can repair their vehicles themselves or can take the vehicle to a professional repair facility.

Europe and Asia Pacific are the emerging markets for the automotive aftermarket. Considerable growth in the high-quality brand, reducing engineering costs, and modular architecture are the factors that are anticipated to expand the market globally. Asia Pacific is anticipated to be the largest market.

Some of the major players dominating the global automotive aftermarket are Tenneco, Dana, and TRW Automotive. Other key players influencing the global market include Visteon, Johnson Controls, and BorgWarner.

Automotive Aftermarket: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany 
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Related Reports

Automotive Upholstery Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Price : $ 3900.00 | Report Code: ZMR-3216 | Report Format:

Global Automotive Upholstery Market: Overview Trimming up the vehicles interior and recovering of the seats is mainly referred to as automotive upholstery. Use of lightweight materials, padding, springs, fabrics, quality leather for the furniture especially seats inside the vehicle or automobile...Read More

Automotive Radar Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2024

Price : $ 3900.00 | Report Code: ZMR-3215 | Report Format:

Automotive Radar Market: Overview Automotive radars are generally used to locate objects, such as vehicles and pedestrians, in the area of thecar. Automotive radar consists of a transmitter which sends out radio waves that hit an object to the receiver and the receiver controls the movement or t...Read More

Automotive Collision Repair Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2024

Price : $ 3900.00 | Report Code: ZMR-3214 | Report Format:

Automotive Collision Repair Market: Overview Automotive collision repair market includes the repair services and materials used for the re-working of a car for restoring ruined parts and components of a vehicle and returning it to its complete genuine condition after an accidental damage or due ...Read More

Automotive Air Filter Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2024

Price : $ 3999.00 | Report Code: ZMR-3188 | Report Format:

Automotive Air Filter Market: Overview An automotiveair filteris a device which is made up offibrousmaterials that remove solidparticulateslike dust, bacteria,pollen, and mold which the automobile collects from the intakeair. Automotive air filter consists of acatalyst or absorbentwhich helps to...Read More

Automotive Seats Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3175 | Report Format:

Global Automotive Seats Market: Overview Seating systems, nowadays, are not just restricted to the platforms that are utilized for the persons seating but have become advanced a lot more to become a complex masterpiece that accomplishes the requirements of both the manufacturers and customers bo...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.