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

Cargo Shipping Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1345 | Report Format:

Global Cargo Shipping Market: Overview A ship that carries goods, cargo, and materials from one port to another is known as cargo ship or a freighter. The cargo ships are designed to do special tasks, they are often loaded with cranes and some other mechanisms that are used to load and unload. C...Read More

Exhaust Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1316 | Report Format:

Global Exhaust Systems Market: Overview An exhaust system is a piping that is used to exhaust the gases from the combustion that is inside the stove or engine. The complete system will convey the gases that are burnt from the engine; the system may include one or many exhaust pipes. The exhaust ...Read More

Automotive Transmission Engineering Services Outsourcing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1294 | Report Format:

Global Automotive Transmission Engineering Services Outsourcing Market: Overview There are two types of automotive transmission which are manual and automatic. The automotive transmission engineering is considered as an important process in the manufacturing process of automobiles. The movement ...Read More

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

Price : $ 3599.00 | Report Code: ZMR-1287 | Report Format:

Global Automotive Sealant Market: Overview Sealants are viscous material that helps in filling gaps and retains the sealing properties between the two substrates. It provides a barrier to the dust, air, liquids, and others from passing from one substrate to the other one. Sealants have the prope...Read More

Automotive Plastics Market for Passenger Cars: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1152 | Report Format:

Global Automotive Plastics Market for Passenger Cars: Overview Automotive plastics are used in passenger cars for manufacturing automotive components such as upholstery, bumpers, internal external trims, dashboards, and seating. RD on the composite materials, polymers, and reinforced plastics c...Read More

Choose License Type: