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

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

Air Suspension Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-791 | Report Format:

Global Air Suspension Market: Overview The vehicle suspension driven by the compressor or engine-driven air pump is called the air suspension. The air suspension is used in case of the conventional steel springs in the passenger cars and in huge heavy vehicles such as buses and trucks. It is al...Read More

Automotive Heat Shield Market (Turbo Heat Shields, Exhaust Heat Shield Insulation, Heat Shield & Thermal Barriers, Exhaust & Header Wrap, Thermal & Heat Shield Sleeving, And Spark Plug Boot Heat Shields) by Material (Metallic and Non-Metallic): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022

Jan-2017 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-762 | Report Format:

The report covers detailed analysis and forecast for the automotive heat shield market on a global and regional level from 2014 to 2022. The study offers historic data of 2014, 2015 and 2016 along with a forecast from 2017 to 2022 based on revenue (USD Million).The study comprises a comprehensive ...Read More

Bus Seat Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-681 | Report Format:

Global Bus Seat Market: Overview Buses are one of the frequently used means of transportation owing to its high frequency and reliability. As the population around the world is increasing, transportation is of utmost need. The increasing demand for bus seat for a coach, school, transfer, and tra...Read More

Aircraft Tires Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-680 | Report Format:

Global Aircraft Tires Market: Overview The aircraft industry is one of the most growing industries worldwide. The aircraft tires are the engineered products that require precision during their manufacturing. Aircraft tires are manufactured using materials such as steel, artificial and natural ru...Read More

Automotive Test Equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-678 | Report Format:

Global Automotive Test Equipment Market: Overview Automotive test equipment is mainly used to execute quality tests and adjust vehicle performance. These test equipment measure engine oil consumption, engine wear, fuel dilution and evaporation, lubricant aeration, and clogging of after-treatment...Read More

Choose License Type: