GVR Report cover Automotive Aftermarket Industry Size, Share & Trends Report

Automotive Aftermarket Industry Size, Share & Trends Analysis Report By Replacement Part (Tire, Battery), By Distribution Channel, By Service Channel, By Certification, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-363-8
  • Number of Report Pages: 109
  • Format: PDF, Horizon Databook
  • Historical Range: 2017 - 2023
  • Forecast Period: 2024 - 2030 
  • Industry: Technology

Automotive Aftermarket Industry Trends

The global automotive aftermarket industry size was estimated at USD 448.24 billion in 2023 and is expected to grow at a CAGR of 3.9% from 2024 to 2030. The market growth is majorly driven by the pursuit of automobile drivers to enhance their vehicle performance in terms of exhaust sound, speed, and appearance parameters along with many other aspects. Regional regulatory authorities, such as the Japanese Automobile Sports Muffler Association (JASMA) and the U.S. Environmental Protection Agency, monitor the built-up standards and environmental impacts associated with automotive component functioning. For instance, the noise emission levels associated with the modern-day automotive resonators and mufflers in automotive exhaust systems.

Asia Pacific Automotive Aftermarket Industry size and growth rate, 2024 - 2030

Digitization of component delivery sales & services, along with the advent of an online portal distributing aftermarket components in synchrony with the global auto-part supplier groups, are expected to draw huge investments from key companies. For instance, the leading market component suppliers, such as US Auto Parts Network, Inc. and CarParts.com, would drive the global market demand in the years to come. Owing to the above-mentioned trade gateways, online aftermarket business arcade parades have high potential in developing countries. In addition, growing online sales of automotive components are estimated to deliver significant demand for the market.

Companies are now shifting to digital platforms owing to the smoother experience for customers. In January 2020, Continental AG announced its online portal that will contain a portfolio of all of its services and information about its products for the market. The value chain of the market comprises two primary segments: automotive replacement part suppliers and service enablers. These prime industry segments are exchanging value through the automotive sectors at several intermittent stages. Access to elaborative component assortment coupled with the simplicity of transactions, delivered through the digitalization of the global automotive component sales, is destined to resolve the obtainability issues, thereby driving the automobile aftermarket industry.

The ensuing digitalization is anticipated to have a high impact on industry growth as a growing number of people are inclined toward Internet-of-Things (IoT) and digitization trends. Furthermore, the technological improvements in propulsion have created numerous opportunities in the market. However, issues about high R&D expenditures are expected to hinder market growth in the coming years. Automobile manufacturers face certain constraints while carrying out their manufacturing processes. Production cost is one of these constraints. Some automotive replacement parts as aftermarket filters, however, offer the chance of choosing a part that suits the conditions in which a vehicle operates.

Market Concentration & Characteristics

The global automotive aftermarket exhibits a notable degree of innovation as technological advancements drive product improvements and service enhancements. Emerging technologies, such as connected vehicles and electric components, are influencing the aftermarket landscape, prompting businesses to adapt and offer innovative solutions to meet evolving consumer demands.

Automotive Aftermarket Industry Concentration & Characteristics

The automotive aftermarket experiences a moderate to high level of merger and acquisition (M&A) activities as companies seek strategic partnerships and acquisitions to enhance their product portfolios, expand market reach, and achieve operational synergies. Mergers and acquisitions contribute to the consolidation of the aftermarket industry, fostering competitive advantages for participants and addressing the evolving needs of customers.

Regulatory factors significantly impact the global market, with environmental standards, safety regulations, and intellectual property laws shaping the industry landscape. Compliance with stringent regulations influences product development, manufacturing processes, and aftermarket services, compelling businesses to invest in R&D to meet evolving legal requirements and ensure market sustainability.

The automotive aftermarket faces a dynamic landscape with the emergence of service substitutes, such as ride-sharing platforms and alternative mobility solutions. Changing consumer preferences and the rise of new business models impact traditional aftermarket services, requiring adaptation and diversification of offerings to remain competitive in an evolving market where services like car-sharing and autonomous mobility present alternatives to traditional ownership and maintenance.

The concentration of end-users in the global market varies across regions and market segments. While some areas may experience a more dispersed customer base, others may see a higher concentration of consumers. This diversity influences marketing strategies, distribution channels, and customer engagement initiatives as aftermarket businesses tailor their approaches to cater to the specific needs and preferences of distinct end-user groups.

Certification Insights

In terms of market size, the genuine parts segment dominated the market with a share of 51.6% in 2023. The genuine parts segment is anticipated to dominate the aftermarket arena, in terms of size, by 2030. The uncertified parts segment is expected to witness relatively fast growth in terms of revenue from 2024 to 2030. Counterfeit parts are illegal, are not tested or certified, and have no warranty. Genuine parts are manufactured by car manufacturers or by OEMs, also known as subcontractors. Genuine replacement parts have greater assurance of quality, are diverse, easy to find, and include a warranty. The downside of these parts is that they are expensive and require to be purchased from dealers.

Global Automotive Aftermarket Industry share and size, 2023

Certified automotive parts are tested and inspected by certified organizations. The Certified Automotive Parts Association (CAPA) is a non-profit organization, which was incorporated in 1987. CAPA offers test programs to verify and guarantee the quality and suitability of automotive replacement parts. It was the brainchild of automotive insurance companies and was formed to ensure the quality of replacement parts used by collision repair shops. Certified parts are cost-effective alternatives to costly genuine parts. Whereas, uncertified parts can be used instead of the original automotive parts. Uncertified parts are not approved by the car maker. However, the low cost of uncertified parts creates significant growth opportunities for the segment.

COVID-19 Impact Insights

The automotive & transportation industry is among the most exposed verticals to the ongoing COVID-19 outbreak and is currently amidst unprecedented uncertainty. COVID-19 had a significant impact on the supply chain and product demand in the industry. The industry's concern has moved on from being centered on supply chain disruption from China to the overall slump in demand for aftermarket products. The demand for commercial vehicle parts is expected to plummet with the shutdown of all non-essential services. Furthermore, changes in consumer buying behavior owing to uncertainty surrounding the pandemic had serious implications for the near future growth of the industry. With the ups and downs in the economy, people have tended to hold on to their vehicles for a long time now.

Liquidity shortfall and cash crunch have already impacted the aftermarket companies. Furthermore, in the aftermath of the pandemic, consumers are expected to prefer private conveyance. However, the financial disparities hamper the purchase of new vehicles and due to budget constraints, commuters opt for used cars. Thus, increased sales of used cars are expected to boost the demand for aftermarket auto parts for vehicle maintenance. On a bigger scale, in developing countries, the pandemic was a reason for the comeback of some entry-level aftermarket companies. The market will vary with the demand from different segments of customers as every class segment has its own preferences regarding car repair and maintenance.

Replacement Parts Insights

In terms of market size, the tire segment is expected to account for the largest share of 22.5% in 2023. The segment is projected to maintain its leading share throughout the forecast period on account of the low replacement cycle of tires as compared to the other component counterparts. The aftermarket replacement part suppliers comprise various accessories suppliers, lubricants, tire suppliers, and other component replacement suppliers. Furthermore, the industry value chain comprises service enablers, such as repair service providers and entertainment service providers. The automobile industry is observing an increase in the demand for hybrid electric cars that would eventually throttle the demand for exhaust parts and specific tools for these specialized cars.

This can be attributed to the increased prices of petrol and petrol engine-based automobiles. A rise in disposable incomes in developing nations, such as China and Brazil, is expected to have a positive impact on industry growth. The growing demand for locomotives is projected to trigger the demand for automobile component sales. Rigid regulatory standards of car safety across the globe are anticipated to drive market economies. The modern-age production technology, such as 3D printing of automotive parts, is extensively being deployed by major companies in the industry to optimize their production costs, with 3D printing enabling efficient fabrication performance and reduction of emission toxicity.

Distribution Channel Insights

In terms of market size, the retail segment dominated the market with a share of 55.5% in 2023 and is expected to remain dominant throughout the forecast years. The wholesale & distribution segment is expected to witness relatively fast growth in terms of revenue from 2024 to 2030. Automotive aftermarket economies are important parts of the overall automotive manufacturing & maintenance scheme as automotive components need to be replaced on time to maintain the overall performance of the vehicle.

The increasing influence of technological advancement is transforming the market towards digitization. The aftermarket is going online, and the marketplace is changing. Parts and services are being sold online. Every player in the value chain, such as Original Equipment Manufacturers (OEMs), Original Equipment Suppliers (OESs), wholesalers, insurers, and workshops, is reacting to the growing online aftermarket trend. Advanced technology usage in auto parts fabrication, rise in consumer and passenger automobile production, and digitalization of automotive repair & maintenance services are the few factors expected to impel market growth.

Service Channel Insights

In terms of market size, the original equipment segment dominated the market with a share of 70.5% in 2023. The OE segment is anticipated to dominate the aftermarket arena in terms of size by 2030. The DIY segment would witness relatively fast growth in terms of revenue from 2024 to 2030. DIY customers have technical knowledge and interest in maintaining, repairing, and upgrading their cars by themselves. DIFM customers buy parts online but get them installed from a professional workshop.

The aftermarket service channel comprises members, such as raw material suppliers, tier 1 distributors, automobile exhaust hubs/manufacturing units, and aftermarket units comprising jobbers and ultimately the repair shops. Repair centers are the important stakeholders in the service channel. The industry is witnessing a trend of strategic alliances and collaborations between collision repair centers and leading auto insurance companies to gain a competitive edge and capture a significant share of the market. For instance, Utica Mutual Insurance Company, State Farm Mutual Automobile Insurance Company, and Progressive Casualty Insurance Company have tie-ups with certified automotive repair shops across all the states in the U.S.

Regional Insights

The North America automotive aftermarket is anticipated to grow at a CAGR of 2.7% from 2024 to 2030. In addition, there is a growing trend of vehicle customization in the region, where owners modify their vehicles to reflect their tastes and preferences. This includes aftermarket upgrades, such as performance parts, aesthetic enhancements, audio systems, lighting modifications, and more.

Automotive Aftermarket Industry Trends, by Region, 2024 - 2030

U.S. Automotive Aftermarket Industry Trends

The automotive aftermarket in the U.S. held a dominant share of 76.4% in 2023. The U.S. has seen a significant expansion of e-commerce channels. Online retailers and marketplaces have gained popularity due to the convenience of purchasing parts and accessories online. E-commerce offers a wide range of products, competitive pricing, and simplified shopping experiences.

Europe Automotive Aftermarket Industry Trends

The Europe automotive aftermarket is expected to reach USD 110.29 billion by 2030. Europe is at the forefront of automotive technology, and this has influenced the aftermarket sector. The integration of advanced technologies in vehicles, such as ADAS, electric and hybrid systems, and connectivity features, has created opportunities for aftermarket solutions and retrofits to meet the changing needs of European vehicle owners.

The automotive aftermarket in the UK is placing an increased focus on skills development and training programs. With advancing vehicle technologies, there is a need for qualified technicians and professionals capable of diagnosing, repairing, and maintaining modern vehicles. Training initiatives are being introduced to upskill the workforce and ensure they stay up to date with the latest advancements. These trends reflect the unique factors shaping the growth of the automotive aftermarket in the UK.

Asia Pacific Automotive Aftermarket Industry Trends

The Asia Pacific automotive aftermarket dominated the market with a share of 28.8% in 2023. The regional market is expected to have significant growth from 2024 to 2030. The digitalization of automotive component delivery services is seen as a key driver of regional car sales, alongside the adoption of advanced technologies in auto parts production and rising output and sales of consumer and passenger vehicles.

The automotive aftermarket in China dominated the Asia Pacific regional market in 2023. E-commerce has been booming in China, and the automotive aftermarket is no exception. Online platforms and marketplaces have gained popularity, offering a wide range of automotive products and services. Consumers in China increasingly turn to online channels for convenience, competitive pricing, and access to a vast selection of aftermarket parts and accessories.

Key Automotive Aftermarket Company Insights

Key automotive aftermarket companies include 3M Company, Continental AG, Denso Corporation, Robert Bosch GmbH, and ZF Friedrichshafen AG. Technological proliferation and increasing investments in R&D activities by manufacturers and associations are expected to drive industry growth. Many domestic and regional competitors in the market are challenged to deliver innovative offerings, which help buyers address the changing technologies, security needs, and business practices. The key companies are in an advantageous yet vulnerable position in terms of market share gain or losing points. The key companies are adopting the M&A strategy to extend their foothold in the industry.

Key Automotive Aftermarket Companies:

The following are the leading companies in the automotive aftermarket industry. These companies collectively hold the largest market share and dictate industry trends.

  • 3M Company
  • Continental AG
  • Cooper Tire & Rubber Company
  • Delphi Automotive PLC
  • Denso Corporation
  • Federal-Mogul Corporation
  • HELLA KGaA Hueck & Co.
  • Robert Bosch GmbH
  • Valeo Group
  • ZF Friedrichshafen AG

Recent Developments

  • In June 2023, Continental released the UltraContact NXT series tire, which is distinguished by its high share of sustainable material usage. The tire comprises up to 65% recycled, renewable, and ISCC PLUS mass balance-certified materials. The tires will be made available in 19 sizes

  • In April 2023, ZF Aftermarket announced an expansion of its range of offerings for the Indian passenger car market with the introduction of three newly manufactured TRW products in India comprising shock absorbers, brake pads, and brake discs. The company emphasizes that a crucial aspect of the independent aftermarket is the repair of brakes for passenger vehicles

  • In March 2023, HELLA, which operates under the FORVIA brand, announced the expansion of its Black Magic auxiliary headlamp series with the introduction of 32 new lightbars. Of these, 14 lightbars have received ECE approval for on-road usage, and the remaining for off-road applications

  • In November 2022, Delphi Technologies released the Sparta fuel pump line for older, high-mileage vehicles. The Sparta fuel pump line was aimed at providing revenue opportunities for distributors and customers targeting a specific subgroup of older vehicles

Automotive Aftermarket Industry Report Scope

Report Attribute

Details

Market size value in 2024

USD 468.91 billion

Revenue forecast in 2030

USD 589.01 billion

Growth rate

CAGR of 3.9% from 2024 to 2030

Actual data

2017 - 2023

Forecast period

2024 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Replacement parts, distribution channel, certification, service channel, region

Regional scope

North America; Europe; Asia Pacific; South America; MEA

Country scope

U.S.; Canada; Mexico; UK; Germany; France; China; India; Japan; Brazil

Key companies profiled

3M Company; Continental AG; Cooper Tire & Rubber Company; Delphi Automotive PLC; Denso Corp.; Federal-Mogul Corp.; HELLA KGaA Hueck & Co.; Robert Bosch GmbH; Valeo Group; ZF Friedrichshafen AG

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Automotive Aftermarket Industry Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends in each of the segments from 2017 to 2030. For this study, Grand View Research has segmented the automotive aftermarket industry report based on replacement parts, distribution channel, service channel, certification, and region:

  • Replacement Parts Outlook (Revenue, USD Billion, 2017 - 2030)

    • Tire

    • Battery

    • Brake Parts

    • Filters

    • Body parts

    • Lighting & Electronic Components

    • Wheels

    • Exhaust components

    • Turbochargers

    • Others

  • Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

    • Retailers

      • OEMs

      • Repair Shops

    • Wholesalers & Distributors

  • Service Channel Outlook (Revenue, USD Billion, 2017 - 2030)

    • DIY (Do it Yourself)

    • DIFM (Do it for Me)

    • OE (Delegating to OEM’s)

  • Certification Outlook (Revenue, USD Billion, 2017 - 2030)

    • Genuine Parts

    • Certified Parts

    • Uncertified Parts

  • Regional Outlook (Revenue, USD Billion, 2017 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • Japan

      • India

    • South America

      • Brazil

    • Middle East & Africa

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Methodology and Scope
                    1.1 Research Methodology
                    1.2 Research Scope & Assumptions
                    1.3 List of Data Sources
Chapter 2. Executive Summary
                    2.1 Automotive Aftermarket - Market Snapshot & Key Buying Criteria, 2017 - 2030
Chapter 3. Automotive Aftermarket Variables, Trends & Scope
                    3.1 Market Segmentation & Scope
                    3.2 Automotive Aftermarket Size and Growth Prospects
                    3.3 Automotive Aftermarket - Value Chain Analysis
                        3.3.1 Automotive aftermarket - Supply chain analysis
                    3.4 Market Dynamics
                        3.4.1 Market Driver Analysis
                            3.4.1.1 Advanced technology usage in auto parts fabrication
                            3.4.1.2 Surge in consumer and passenger automobile production
                            3.4.1.3 Digitalization of automotive repair & maintenance services
                        3.4.1.4Increasing stringency of emission & fuel efficiency regulations and engine downsizing
                        3.4.2 Market Restraint Analysis
                            3.4.2.1 Counterfeiting of auto components
                            3.4.2.2 Growing demand for electric vehicles
                    3.5 Penetration & Growth Prospect Mapping
                    3.6 Industry Analysis - Porter’s
                    3.7 Global Automotive Aftermarket - Key Company Analysis,
                        3.7.1 Key company analysis
                    3.8 Automotive Aftermarket - PESTEL Analysis
                    3.9 Distribution Channel Analysis
Chapter 4. Automotive Aftermarket: Replacement Part Estimates and Trend Analysis
                    4.1 Automotive Aftermarket: Replacement Part Movement Analysis
                        4.1.1 Tire
                            4.1.1.1 Basic Part
                                4.1.1.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                            4.1.1.2 Performance Part
                                4.1.1.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        4.1.2 Battery
                            4.1.2.1 Basic Part
                                4.1.2.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                            4.1.2.2 Performance Part
                                4.1.2.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        4.1.3 Brake parts
                            4.1.3.1 Basic Part
                                4.1.3.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                            4.1.3.2 Performance Part
                                4.1.3.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        4.1.4 Filters
                            4.1.4.1 Basic Part
                                4.1.4.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                            4.1.4.2 Performance Part
                                4.1.4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        4.1.5 Body parts
                            4.1.5.1 Basic Part
                                4.1.5.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                            4.1.5.2 Performance Part
                                4.1.5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        4.1.6 Lighting & electronic components
                            4.1.6.1 Basic Part
                                4.1.6.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                            4.1.6.2 Performance Part
                                4.1.6.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        4.1.7 Wheels
                            4.1.7.1 Basic Part
                                4.1.7.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                            4.1.7.2 Performance Part
                                4.1.7.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        4.1.8 Exhaust components
                            4.1.8.1 Basic Part
                                4.1.8.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                            4.1.8.2 Performance Part
                                4.1.8.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        4.1.9 Turbochargers
                            4.1.9.1 Basic Part
                                4.1.9.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                            4.1.9.2 Performance Part
                                4.1.9.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        4.1.10 Others
                            4.1.10.1 Basic Part
                                4.1.10.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                            4.1.10.2 Performance Part
                                4.1.10.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
Chapter 5. Automotive Aftermarket: Distribution Channel Estimates and Trend Analysis
                    5.1 Automotive Aftermarket: Distribution Channel Movement Analysis
                        5.1.1 Retailers
                            5.1.1.1 Retail Channels
                                5.1.1.1.1 OEM Channel
                                    5.1.1.1.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                5.1.1.1.2 Retail Shops Channel
                                    5.1.1.1.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        5.1.2 Wholesale & Distribution (W&D)
                            5.1.2.1 Online and Brick & Motor Market
                                5.1.2.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
Chapter 6. Automotive Aftermarket: Service Channel Estimates and Trend Analysis
                    6.1 Automotive Aftermarket: Service Channel Movement Analysis
                        6.1.1 Do It Yourself (DIY)
                            6.1.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        6.1.2 Do It For Me (DIFM)
                            6.1.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        6.1.3 Original Equipment (OE)
                            6.1.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
Chapter 7. Automotive Aftermarket: Certification Estimates and Trend Analysis
                    7.1 Automotive Aftermarket: Certification Movement Analysis
                        7.1.1 Genuine Parts
                            7.1.1.1 Manufacturing Type
                                7.1.1.1.1 Newly Manufactured
                                    7.1.1.1.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.1.1.2 Remanufactured
                                    7.1.1.1.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.1.1.3 Rebuilt
                                    7.1.1.1.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.1.1.4 Reused
                                    7.1.1.1.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                            7.1.1.2 Source Type
                                7.1.1.2.1 OEM Authorized Repair Shops
                                    7.1.1.2.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.1.2.2 Car Maker Repair Shops
                                    7.1.1.2.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)`
                                7.1.1.2.3 Independent Repair Shops
                                    7.1.1.2.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        7.1.2 Certified Parts
                            7.1.2.1 Manufacturing Type
                                7.1.2.1.1 Newly Manufactured
                                    7.1.2.1.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.2.1.2 Remanufactured
                                    7.1.2.1.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.2.1.3 Rebuilt
                                    7.1.2.1.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.2.1.4 Reused
                                    7.1.2.1.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                            7.1.2.2 Source Type
                                7.1.2.2.1 OEM Authorized Repair Shops
                                    7.1.2.2.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.2.2.2 Car Maker Repair Shops
                                    7.1.2.2.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.2.2.3 Independent Repair Shops
                                    7.1.2.2.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        7.1.3 Uncertified Parts
                            7.1.3.1 Manufacturing Type
                                7.1.3.1.1 Newly Manufactured
                                    7.1.3.1.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.3.1.2 Remanufactured
                                    7.1.3.1.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.3.1.3 Rebuilt
                                    7.1.3.1.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.3.1.4 Reused
                                    7.1.3.1.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                            7.1.3.2 Source Type
                                7.1.3.2.1 OEM Authorized Repair Shops
                                    7.1.3.2.1.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.3.2.2 Car Maker Repair Shops
                                    7.1.3.2.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                                7.1.3.2.3 Independent Repair Shops
                                    7.1.3.2.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                    7.2 Automotive Counterfeit Market
                        7.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
Chapter 8. Automotive Aftermarket: Regional Estimates & Trend Analysis
                    8.1 Automotive Aftermarket Share by Region, 2023 & 2030
                    8.2 North America
                        8.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        8.2.2 U.S.
                            8.2.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        8.2.3 Canada
                            8.2.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        8.2.4 Mexico
                            8.2.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                    8.3 Europe
                        8.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        8.3.2 Germany
                            8.3.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        8.3.3 UK
                            8.3.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        8.3.4 France
                            8.3.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                    8.4 Asia Pacific
                        8.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        8.4.2 China
                            8.4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        8.4.3 Japan
                            8.4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        8.4.4 India
                            8.4.4.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                    8.5 South America
                        8.5.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                        8.5.2 Brazil
                            8.5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
                    8.6 Middle East & Africa
                        8.6.1. Market estimates and forecasts, 2017 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
                    9.1 Company Profiles
                        9.1.1 3M
                            9.1.1.1 Company overview
                            9.1.1.2 Financial performance
                            9.1.1.3 Product benchmarking
                            9.1.1.4 Strategic initiatives
                        9.1.2 Continental AG
                            9.1.2.1 Company overview
                            9.1.2.2 Financial performance
                            9.1.2.3 Product benchmarking
                            9.1.2.4 Recent developments
                        9.1.3 COOPER TIRE & RUBBER COMPANY
                            9.1.3.1 Company overview
                            9.1.3.2 Financial performance
                            9.1.3.3 Product benchmarking
                            9.1.3.4 Strategic initiatives
                        9.1.4 Delphi Automotive PLC
                            9.1.4.1 Company overview
                            9.1.4.2 Financial performance
                            9.1.4.3 Product benchmarking
                            9.1.4.4 Recent developments
                        9.1.5 Denso Corporation
                            9.1.5.1 Company overview
                            9.1.5.2 Financial performance
                            9.1.5.3 Product Benchmarking
                            9.1.5.4 Strategic initiatives
                        9.1.6 Federal-Mogul Corporation
                            9.1.6.1 Company overview
                            9.1.6.2 Financial performance
                            9.1.6.3 Product benchmarking
                            9.1.6.4 Strategic initiatives
                        9.1.7 Magneti Marelli S.p.A.
                            9.1.7.1 Company overview
                            9.1.7.2 Product benchmarking
                            9.1.7.3 Recent developments
                        9.1.8 Robert Bosch GmbH
                            9.1.8.1 Company overview
                            9.1.8.2 Financial Performance
                            9.1.8.3 Product benchmarking
                            9.1.8.4 Recent developments
                        9.1.9 The Goodyear Tire & Rubber Company
                            9.1.9.1 Company overview
                            9.1.9.2 Product benchmarking
                            9.1.9.3 Recent developments
                        9.1.10 ZF Friedrichshafen AG (ZF TRW)
                            9.1.10.1 Company overview
                            9.1.10.2 Financial performance (ZF Friedrichshafen AG)
                            9.1.10.3 Product benchmarking
                            9.1.10.4 Strategic initiatives


List of Tables

Table 1 Automotive aftermarket - Industry snapshot & key buying criteria, 2017 - 2030
Table 2 Automotive aftermarket - Key market driver impact
Table 3 Passenger & commercial vehicle production statistics
Table 4 Automotive aftermarket - Key market restraint impact
Table 5 List of announcements of OEMs, pertaining to electric vehicles
Table 6 Global tire automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 7 Global tire (basic part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 8 Global tire (performance part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 9 Global battery automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 10 Global battery (basic part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 11 Global battery (performance part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 12 Global brake parts automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 13 Global brake parts (basic part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 14 Global brake parts (performance part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 15 Global filters automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 16 Global filters (basic part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 17 Global filters (performance part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 18 Global body parts automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 19 Global body parts (basic part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 20 Global body parts (performance part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 21 Global lighting & electronic components automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 22 Global lighting & electronic components (basic part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 23 Global lighting & electronic components (performance part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 24 Global wheels automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 25 Global wheels (basic part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 26 Global wheels (performance part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 27 Global exhaust components automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 28 Global exhaust components (basic part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 29 Global exhaust components (performance part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 30 Global turbochargers automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 31 Global turbochargers (basic part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 32 Global turbochargers (performance part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 33 Global others automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 34 Global others (basic part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 35 Global others (performance part) automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 36 Global retailer automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 37 Retail channels automotive aftermarket by market type, 2017 - 2030 (USD Billion)
Table 38 OEM channels automotive aftermarket by market type, 2017 - 2030 (USD Billion)
Table 39 Retail shops channel automotive aftermarket by market type, 2017 - 2030 (USD Billion)
Table 40 Global W&D automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 41 Global W&D automotive aftermarket by market type, 2017 - 2030 (USD Billion)
Table 42 Global DIY automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 43 Global DIFM automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 44 Global OE automotive aftermarket by region, 2017 - 2030 (USD Billion)
Table 45 Automotive aftermarket for genuine parts by region, 2017 - 2030 (USD Billion)
Table 46 Global automotive aftermarket for (newly manufactured) genuine parts by region, 2017 - 2030 (USD Billion)
Table 47 Global automotive aftermarket for (remanufactured) genuine parts by region, 2017 - 2030 (USD Billion)
Table 48 Global automotive aftermarket for (rebuilt) genuine parts by region, 2017 - 2030 (USD Billion)
Table 49 Global automotive aftermarket for (reused) genuine parts by region, 2017 - 2030 (USD Billion)
Table 50 Global automotive aftermarket for genuine parts by region, 2017 - 2030 (USD Billion)
Table 51 Global automotive aftermarket for genuine parts by region, 2017 - 2030 (USD Billion)
Table 52 Global automotive aftermarket for genuine parts by region, 2017 - 2030 (USD Billion)
Table 53 Automotive aftermarket for certified parts by region, 2017 - 2030 (USD Billion)
Table 54 Global automotive aftermarket for (newly manufactured) certified parts by region, 2017 - 2030 (USD Billion)
Table 55 Global automotive aftermarket for (remanufactured) certified parts by region, 2017 - 2030 (USD Billion)
Table 56 Global automotive aftermarket for (rebuilt) certified parts by region, 2017 - 2030 (USD Billion)
Table 57 Global automotive aftermarket for (reused) certified parts by region, 2017 - 2030 (USD Billion)
Table 58 Global automotive aftermarket for certified parts by region, 2017 - 2030 (USD Billion)
Table 59 Global automotive aftermarket for certified parts by region, 2017 - 2030 (USD Billion)
Table 60 Global automotive aftermarket for certified parts by region, 2017 - 2030 (USD Billion)
Table 61 Automotive aftermarket for uncertified parts by region, 2017 - 2030 (USD Billion)
Table 62 Global automotive aftermarket for (newly manufactured) uncertified parts by region, 2017 - 2030 (USD Billion)
Table 63 Global automotive aftermarket for (remanufactured) uncertified parts by region, 2017 - 2030 (USD Billion)
Table 64 Global automotive aftermarket for (rebuilt) uncertified parts by region, 2017 - 2030 (USD Billion)
Table 65 Global automotive aftermarket for (reused) uncertified parts by region, 2017 - 2030 (USD Billion)
Table 66 Global automotive aftermarket for uncertified parts by region, 2017 - 2030 (USD Billion)
Table 67 Global automotive aftermarket for uncertified parts by region, 2017 - 2030 (USD Billion)
Table 68 Global automotive aftermarket for uncertified parts by region, 2017 - 2030 (USD Billion)
Table 69 Automotive aftermarket for counterfeit parts, 2017 - 2030 (USD Billion)
Table 70 North America automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 71 North America automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 72 North America automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 73 North America automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 74 U.S. automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 75 U.S. automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 76 U.S. automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 77 U.S. automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 78 Canada automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 79 Canada automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 80 Canada automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 81 Canada automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 82 Mexico automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 83 Mexico automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 84 Mexico automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 85 Mexico automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 86 Europe automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 87 Europe automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 88 Europe automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 89 Europe automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 90 Germany automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 91 Germany automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 92 Germany automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 93 Germany automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 94 UK automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 95 UK automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 96 UK automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 97 UK automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 98 France automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 99 France automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 100 France automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 101 France automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 102 Asia Pacific automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 103 Asia Pacific automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 104 Asia Pacific automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 105 Asia Pacific automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 106 China automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 107 China automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 108 China automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 109 China automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 110 Japan automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 111 Japan automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 112 Japan automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 113 Japan automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 114 India automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 115 India automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 116 India automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 117 India automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 118 South America automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 119 South America automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 120 South America automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 121 South America automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 122 Brazil automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 123 Brazil automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 124 Brazil automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 125 Brazil automotive aftermarket by certification, 2017 - 2030 (USD Billion)
Table 126 Middle East & Africa automotive aftermarket by replacement part, 2017 - 2030 (USD Billion)
Table 127 MEA automotive aftermarket by distribution channel, 2017 - 2030 (USD Billion)
Table 128 MEA automotive aftermarket by service channel, 2017 - 2030 (USD Billion)
Table 129 MEA automotive aftermarket by certification, 2017 - 2030 (USD Billion)


List of Figures

Fig. 1 Market Segmentation & scope
Fig. 2 Automotive Aftermarket size and growth prospects
Fig. 3 Automotive aftermarket - Value chain analysis
Fig. 4 Automotive aftermarket - Supply chain analysis
Fig. 5 Market dynamics
Fig. 6 Automotive Aftermarket Dynamics
Fig. 7 Porter’s Five Forces analysis
Fig. 8 Global automotive aftermarket - Key company analysis
Fig. 9 Automotive Aftermarket - PESTEL analysis
Fig. 10 Automotive Aftermarket: Replacement parts movement analysis
Fig. 11 Automotive Aftermarket: Distribution channel movement analysis
Fig. 12 Automotive Aftermarket: Service channel movement analysis
Fig. 13 Automotive Aftermarket: Certification movement analysis
Fig. 14 Regional marketplace: Key takeaways
Fig. 15 Regional outlook

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Market Segmentation

  • Automotive Aftermarket Replacement Part Outlook (Revenue, USD Billion, 2017 - 2030)
    • Tire
    • Battery
    • Brake parts
    • Filters
    • Body parts
    • Lighting & Electronic components
    • Wheels
    • Exhaust components
    • Turbochargers
    • Others
  • Automotive Aftermarket Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)
    • Retailers
      • OEMs
      • Repair Shops
    • Wholesalers & Distributors
  • Automotive Aftermarket Service Channel Outlook (Revenue, USD Billion, 2017 - 2030)
    • DIY (Do It Yourself)
    • DIFM (Do It for Me)
    • OE (Delegating to OEM’s)
  • Automotive Aftermarket Certification Outlook (Revenue, USD Billion, 2017 - 2030)
    • Genuine Parts
    • Certified Parts
    • Uncertified Parts
  • Automotive Aftermarket Regional Outlook (Revenue, USD Billion, 2017 - 2030)
    • North America
      • North America automotive aftermarket, by replacement part
        • Tire
        • Battery
        • Brake parts
        • Filters
        • Body parts
        • Lighting & Electronic components
        • Wheels
        • Exhaust components
        • Turbochargers
        • Others
      • North America automotive aftermarket, by distribution channel
        • Retailers
          • OEMs
          • Repair Shops
        • Wholesalers & Distributors
      • North America automotive aftermarket, by service channel
        • DIY (Do It Yourself)
        • DIFM (Do It for Me)
        • OE (Delegating to OEM’s)
      • North America automotive aftermarket, by certification
        • Genuine Parts
        • Certified Parts
        • Uncertified Parts
      • U.S.
        • U.S. automotive aftermarket, by replacement part
          • Tire
          • Battery
          • Brake parts
          • Filters
          • Body parts
          • Lighting & Electronic components
          • Wheels
          • Exhaust components
          • Turbochargers
          • Others
        • U.S. automotive aftermarket, by distribution channel
          • Retailers
            • OEMs
            • Repair Shops
          • Wholesalers & Distributors
        • U.S. automotive aftermarket, by service channel
          • DIY (Do It Yourself)
          • DIFM (Do It for Me)
          • OE (Delegating to OEM’s)
        • U.S automotive aftermarket, by certification
          • Genuine Parts
          • Certified Parts
          • Uncertified Parts
      • Canada
        • Canada automotive aftermarket, by replacement part
          • Tire
          • Battery
          • Brake parts
          • Filters
          • Body parts
          • Lighting & Electronic components
          • Wheels
          • Exhaust components
          • Turbochargers
          • Others
        • Canada automotive aftermarket, by distribution channel
          • Retailers
            • OEMs
            • Repair Shops
          • Wholesalers & Distributors
        • Canada automotive aftermarket, by service channel
          • DIY (Do It Yourself)
          • DIFM (Do It for Me)
          • OE (Delegating to OEM’s)
        • Canada automotive aftermarket, by certification
          • Genuine Parts
          • Certified Parts
          • Uncertified Parts
      • Mexico
        • Mexico automotive aftermarket, by replacement part
          • Tire
          • Battery
          • Brake parts
          • Filters
          • Body parts
          • Lighting & Electronic components
          • Wheels
          • Exhaust components
          • Turbochargers
          • Others
        • Mexico automotive aftermarket, by distribution channel
          • Retailers
            • OEMs
            • Repair Shops
          • Wholesalers & Distributors
        • Mexico automotive aftermarket, by service channel
          • DIY (Do It Yourself)
          • DIFM (Do It for Me)
          • OE (Delegating to OEM’s)
        • Mexico automotive aftermarket, by certification
          • Genuine Parts
          • Certified Parts
          • Uncertified Parts
    • Europe
      • Europe automotive aftermarket, by replacement part
        • Tire
        • Battery
        • Brake parts
        • Filters
        • Body parts
        • Lighting & Electronic components
        • Wheels
        • Exhaust components
        • Turbochargers
        • Others
      • Europe automotive aftermarket, by distribution channel
        • Retailers
          • OEMs
          • Repair Shops
        • Wholesalers & Distributors
      • Europe automotive aftermarket, by service channel
        • DIY (Do It Yourself)
        • DIFM (Do It for Me)
        • OE (Delegating to OEM’s)
      • Europe automotive aftermarket, by certification
        • Genuine Parts
        • Certified Parts
        • Uncertified Parts
      • Germany
        • Germany automotive aftermarket, by replacement part
          • Tire
          • Battery
          • Brake parts
          • Filters
          • Body parts
          • Lighting & Electronic components
          • Wheels
          • Exhaust components
          • Turbochargers
          • Others
        • Germany automotive aftermarket, by distribution channel
          • Retailers
            • OEMs
            • Repair Shops
          • Wholesalers & Distributors
        • Germany automotive aftermarket, by service channel
          • DIY (Do It Yourself)
          • DIFM (Do It for Me)
          • OE (Delegating to OEM’s)
        • Germany automotive aftermarket, by certification
          • Genuine Parts
          • Certified Parts
          • Uncertified Parts
      • U.K.
        • U.K. automotive aftermarket, by replacement part
          • Tire
          • Battery
          • Brake parts
          • Filters
          • Body parts
          • Lighting & Electronic components
          • Wheels
          • Exhaust components
          • Turbochargers
          • Others
        • U.K. automotive aftermarket, by distribution channel
          • Retailers
            • OEMs
            • Repair Shops
          • Wholesalers & Distributors
        • U.K. automotive aftermarket, by service channel
          • DIY (Do It Yourself)
          • DIFM (Do It for Me)
          • OE (Delegating to OEM’s)
        • U.K. automotive aftermarket, by certification
          • Genuine Parts
          • Certified Parts
          • Uncertified Parts
      • France
        • France automotive aftermarket, by replacement part
          • Tire
          • Battery
          • Brake parts
          • Filters
          • Body parts
          • Lighting & Electronic components
          • Wheels
          • Exhaust components
          • Turbochargers
          • Others
        • France automotive aftermarket, by distribution channel
          • Retailers
            • OEMs
            • Repair Shops
          • Wholesalers & Distributors
        • France automotive aftermarket, by service channel
          • DIY (Do It Yourself)
          • DIFM (Do It for Me)
          • OE (Delegating to OEM’s)
        • France automotive aftermarket, by certification
          • Genuine Parts
          • Certified Parts
          • Uncertified Parts
    • Asia Pacific
      • Asia Pacific automotive aftermarket, by replacement part
        • Tire
        • Battery
        • Brake parts
        • Filters
        • Body parts
        • Lighting & Electronic components
        • Wheels
        • Exhaust components
        • Turbochargers
        • Others
      • Asia Pacific automotive aftermarket, by distribution channel
        • Retailers
          • OEMs
          • Repair Shops
        • Wholesalers & Distributors
      • Asia Pacific automotive aftermarket, by service channel
        • DIY (Do It Yourself)
        • DIFM (Do It for Me)
        • OE (Delegating to OEM’s)
      • Asia Pacific automotive aftermarket, by certification
        • Genuine Parts
        • Certified Parts
        • Uncertified Parts
      • China
        • China automotive aftermarket, by replacement part
          • Tire
          • Battery
          • Brake parts
          • Filters
          • Body parts
          • Lighting & Electronic components
          • Wheels
          • Exhaust components
          • Turbochargers
          • Others
        • China automotive aftermarket, by distribution channel
          • Retailers
            • OEMs
            • Repair Shops
          • Wholesalers & Distributors
        • China automotive aftermarket, by service channel
          • DIY (Do It Yourself)
          • DIFM (Do It for Me)
          • OE (Delegating to OEM’s)
        • China automotive aftermarket, by certification
          • Genuine Parts
          • Certified Parts
          • Uncertified Parts
      • Japan
        • Japan automotive aftermarket, by replacement part
          • Tire
          • Battery
          • Brake parts
          • Filters
          • Body parts
          • Lighting & Electronic components
          • Wheels
          • Exhaust components
          • Turbochargers
          • Others
        • Japan automotive aftermarket, by distribution channel
          • Retailers
            • OEMs
            • Repair Shops
          • Wholesalers & Distributors
        • Japan automotive aftermarket, by service channel
          • DIY (Do It Yourself)
          • DIFM (Do It for Me)
          • OE (Delegating to OEM’s)
        • Japan automotive aftermarket, by certification
          • Genuine Parts
          • Certified Parts
          • Uncertified Parts
      • India
        • India automotive aftermarket, by replacement part
          • Tire
          • Battery
          • Brake parts
          • Filters
          • Body parts
          • Lighting & Electronic components
          • Wheels
          • Exhaust components
          • Turbochargers
          • Others
        • India automotive aftermarket, by distribution channel
          • Retailers
            • OEMs
            • Repair Shops
          • Wholesalers & Distributors
        • India automotive aftermarket, by service channel
          • DIY (Do It Yourself)
          • DIFM (Do It for Me)
          • OE (Delegating to OEM’s)
        • India automotive aftermarket, by certification
          • Genuine Parts
          • Certified Parts
          • Uncertified Parts
    • South America
      • South America automotive aftermarket, by replacement part
        • Tire
        • Battery
        • Brake parts
        • Filters
        • Body parts
        • Lighting & Electronic components
        • Wheels
        • Exhaust components
        • Turbochargers
        • Others
      • South America automotive aftermarket, by distribution channel
        • Retailers
          • OEMs
          • Repair Shops
        • Wholesalers & Distributors
      • South America automotive aftermarket, by service channel
        • DIY (Do It Yourself)
        • DIFM (Do It for Me)
        • OE (Delegating to OEM’s)
      • South America automotive aftermarket, by certification
        • Genuine Parts
        • Certified Parts
        • Uncertified Parts
      • Brazil
        • Brazil automotive aftermarket, by replacement part
          • Tire
          • Battery
          • Brake parts
          • Filters
          • Body parts
          • Lighting & Electronic components
          • Wheels
          • Exhaust components
          • Turbochargers
          • Others
        • Brazil automotive aftermarket, by distribution channel
          • Retailers
            • OEMs
            • Repair Shops
          • Wholesalers & Distributors
        • Brazil automotive aftermarket, by service channel
          • DIY (Do It Yourself)
          • DIFM (Do It for Me)
          • OE (Delegating to OEM’s)
        • Brazil automotive aftermarket, by certification
          • Genuine Parts
          • Certified Parts
          • Uncertified Parts
    • The Middle East & Africa
      • The Middle East & Africa automotive aftermarket, by replacement part
        • Tire
        • Battery
        • Brake parts
        • Filters
        • Body parts
        • Lighting & Electronic components
        • Wheels
        • Exhaust components
        • Turbochargers
        • Others
      • The Middle East & Africa automotive aftermarket, by distribution channel
        • Retailers
          • OEMs
          • Repair Shops
        • Wholesalers & Distributors
      • The Middle East & Africa automotive aftermarket, by service channel
        • DIY (Do It Yourself)
        • DIFM (Do It for Me)
        • OE (Delegating to OEM’s)
      • The Middle East & Africa automotive aftermarket, by certification
        • Genuine Parts
        • Certified Parts
        • Uncertified Parts

Automotive Aftermarket Industry Dynamics

Driver: Growing Demand for Advanced Technology In Auto Parts Fabrication

With the advancement in technology, there has been a considerable growth in the automotive collision repair market. Manufacturers, striving to reduce production costs, are improving their incorporating innovative technologies and techniques. Furthermore, the modern-age production technology, such as 3D printing of automotive parts, is extensively being deployed by key players in the industry to optimize their production costs and improve efficiency. Leading manufactures such as Daimler AG (Germany), and BMW Group (Germany) are spending in advanced 3D production capabilities to produce spare parts and associated automobile components. The key application of 3D printers in automotive is for tools, fabrication, supplementary components, and prototyping. Car owners stand to benefit significantly from the adoption of the modern product technologies. It aids in cutting repair and replacement expenses, resulting in overall savings. Growing R&D activities by manufacturers are expected to drive automotive collision market growth.

Driver: Surge in Consumer and Passenger Automobile Production To Stimulate Economic Growth  

The expansion of the global automotive collision repair market is directly related to the expansion of the global automotive market. As the sales of automobiles rise globally, there is an expected increase in demand for automotive collision repair services. In developing regions, such as Asia Pacific, Latin America, and the Middle East, a significant uptick in the adoption of passenger vehicles is anticipated in the coming years, contributing to the flourishing automotive collision repair market. Rise in consumer preference for improved lifestyles in countries such as India, and Brazil is anticipated to boost the demand for automobile industry. Growing disposable income and increasing stringent emission norms are predicted to flourish market growth over the forecast period.

Restraint: Rise in Demand for Electric Vehicles

The growing demand for electric vehicles (EV) among consumers to restrain market growth. EV vehicles are an effective alternative to traditional fossil-fuel engines. In 2018, the sales of EV vehicles crossed 1 million. Such growing demand is anticipated to hamper the growth of the automotive industry and automotive aftermarket.

What Does This Report Include?

This section will provide insights into the contents included in this automotive aftermarket industry report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Automotive aftermarket industry qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Automotive aftermarket industry quantitative analysis

  • Market size, estimates, and forecast from 2017 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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Research Methodology

A three-pronged approach was followed for deducing the automotive aftermarket market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for automotive aftermarket market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of automotive aftermarket market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Automotive Aftermarket Market Categorization:

The automotive aftermarket market was categorized into five segments, namely replacement parts ( Tire, Battery, Brake Parts, Filters, Body parts, Lighting & Electronic Components, Wheels, Exhaust components, Turbochargers), distribution channel (Retailers, Wholesalers & Distributors), service channel (DIY, DIFM, OE), certification (Genuine Parts, Certified Parts, Uncertified Parts), and region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The automotive aftermarket market was segmented into replacement parts, distribution channel, certification, service channel, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The automotive aftermarket market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into ten countries, namely, the U.S.; Canada; Mexico; the UK.; Germany; France; China; India; Japan; Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Automotive aftermarket market companies & financials:

The automotive aftermarket market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • 3M Company - 3M is a conglomerate based in the U.S. The company is operating in related services and industrial engineering. The company offers a wide range of products to customers through five business groups: consumer, industrial, healthcare, safety & graphics, and electronics & energy markets.The firm’s product offering includes abrasives, adhesives, headlight lens restoration, coatings, body filler, buffing pads, cleaners & removers, masking, seam sealers, paint booth protection, welding, and compounds, and polishes & glazes. 3M is a publicly operated firm listed on the New York stock exchange as NYSE: MMM.

  • ACDelco - ACDelco established in 1899 and headquartered in Michigan, U.S. is a provider of automotive spare parts.. The company’s product portfolio includes GM OE parts, Chevrolet OE parts, Buick OE parts, GMC OE parts, Cadillac OE parts, and Batteries. The company categorized its parts as Gold (professional), and Silver (advance).

  • Advance Auto Parts Incorporated – Headquartered in North Carolina, U.S. The company serves both DIY customers and professional installers. Its stores and branches offer a wide range of OEM, private label automotive replacement parts, batteries, accessories and maintenance items for international and domestic cars.

  • Automotive Components Holdings LLC - Automotive Components Holding LLC is a completely owned subsidiary of Ford Motor Company, established in 2005. The company productions interior parts, fuel tanks, fascias, exterior lighting lamps, and steering components. The company is a temporary business managed by the Ford Motor Company in the year 2005.

  • Bridgestone Corporation - Bridgestone Corporation founded in 1931, which is mainly involved in tire business globally. The company offers different tire range such as motorcycle tires, aircraft tires, passenger tires, commercial tires, and off the road tires globally. The company also offers various business solutions for the automotive, agriculture, aircraft industrial and constriction, building, and mining industries.

  • Chrysler Group LLC/ Fiat Chrysler Automobiles - Chrysler Group LLC/ Fiat Chrysler Automobiles group operates with the 103 production facilities and 46 Research & Development centers. The company has a sales and distribution network in 135 countries. The group was originated in 2014, U.K. s one of the brands of Fiat Chrysler Automobiles (FCA). Fiat Chrysler Automobiles (FCA) is involved in designing, manufacturing, engineering, and selling of vehicles and related parts.

  • Continental AG - Continental AG manufactures and supplies automotive tires and brake systems globally as well as provides individual, safe, sustainable, comfortable, and affordable solutions to its industrial partners. The company isan automotive manufacturing and technology development organization that develops smart technologies for the transportation of people and goods.

  • Cooper Tire & Rubber Company – Cooper Tire & Rubber Company originated in 1914, is an automotive wheels manufacturer. The company caters to the wheel requirements of passenger cars, light trucks, medium trucks, motorcycles, race cars, commercial, and off-road vehicles.

  • Denso Corporation - Denso Corporation, based in Japan, is a global supplier of advanced automotive technologies, components, and systems. Initially, the company was a part of Toyota Motors and became independent in 1949.The company comprises various business segments, including powertrain control systems, thermal systems, information and safety system, electronic systems, small motors, industrial systems, and consumer products.

  • East Penn Manufacturing Company Incorporated - East Penn Manufacturing Company was established in 1946 and is headquartered in Pennsylvania, U.S.The business operations of the company are not only limited to the manufacturing and supply of batteries but also include recycling & processing of over 30,000 batteries daily. 

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Automotive Aftermarket Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2017 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Automotive Aftermarket Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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