Automotive Aftermarket Report

Automotive Aftermarket Analysis By Replacement Part (Tire, Battery, Brake Parts, Filters, Body Parts, Lighting & Electronic Components, Wheels, Exhaust Components), By Region, And Segment Forecasts, 2014 - 2025

  • Published Date: Jan, 2017
  • Base Year for Estimate: 2016
  • Report ID: GVR-1-68038-363-8
  • Format: Electronic (PDF)
  • Historical Data: 2014-2016
  • Number of Pages: 85

Industry Insights

The global automotive aftermarket size was valued at USD 318.02 billion in 2015 and is presumed to gain traction over the forecast period. The market 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 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 exhaust systems.

U.S. automotive aftermarket by replacement part, 2014 - 2025 (USD Billion)

U.S. automotive aftermarket

Digitization of automotive component delivery sales & services, along with the advent of online portal distributing aftermarket components in synchrony with the global auto-part supplier groups, are expected to draw huge investments from the key participants. For instance, the leading automotive aftermarket component suppliers, such as US Auto Parts Network, Inc. and, would drive the global industry demand in the years to come. Owing to above-mentioned trade gateways, the online aftermarket businesses arcade parades high potential in the Asia Pacific countries.

The automotive aftermarket value chain comprises two primary segments replacement parts suppliers and service enablers with prime industry segments exchanging value through these sectors at several intermittent stages.

Access to elaborative component assortment coupled with the simplicity of transactions, delivered through 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 convey a high impact on the industry as a growing number of people incline toward Internet-of-Things (IoT) and digitization trends.

Replacement part Insights

The report segmentation, based on replacement part type, includes tire, battery, brake parts, filters, body parts, lighting & electronic components, wheels, and exhaust components. The tire segment would be the largest segment in terms of replacement parts and is anticipated to dominate the automotive aftermarket area in terms of size by 2025. It is expected to remain the dominant segment on account of the low replacement cycle of tires as compared to the other aftermarket component counterparts.

The automotive aftermarket replacement parts suppliers comprise various accessories suppliers, lubricants, tires suppliers, and other component replacement suppliers. Further, the industry value chain comprises of service enablers such as repairing services 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 curb can be attributed to the increased prices of petrol and petrol engine-based automobiles.

Automotive aftermarket by replacement part, 2015

Automotive aftermarket

Growth in the disposable proceeds of patrons in the developing nations, such as China and Brazil, is expected to have a positive impact on the industry growth rate. The growing demand for locomotives is projected to trigger the demand for automotive aftermarket component sales. Rigid regulatory standards of car safety across the globe are anticipated to drive the industry economies.

The modern age production technology, such as 3D printing of automotive parts, is extensively being deployed by major players in the industry to optimize their production costs, with 3D printing enabling efficient fabrication performance and reduction of emission toxicity.

Regional Insights

The North American region led the aftermarket area in terms of revenue in 2015. Advanced technology usage in the fabrication of auto parts, a surge in consumer and passenger automobile production & sales, and digitalization of automotive component delivery services are anticipated to spur the automotive sales in the region.

Universities and other R&D organizations are increasingly working toward increasing the cost and operational efficiencies of such critical automotive components, aimed at reducing their prices and eventually the price of the end product. A new design developed by a team of researchers from the Department of Chemical Engineering at Imperial College in London uses up to 80 percent less rare metal, considerably reducing the costs of the vehicle and component fabrication. The prototype is anticipated to show better results than the existing automobiles.

Such rules have pressurized the component suppliers to produce environment-friendly, high-efficient automotive components for the native and global markets. Over the past few years, emerging economies, comprising China, India, and Brazil, have validated insistent developments, which are expected to bid thriving prospects to the segment growth in the Asia Pacific region.

Competitive Insights

The key industry participants include 3M Company, Continental AG, Delphi Automotive PLC, Denso Corporation, Federal-Mogul Corporation, Magneti Marelli S.p.A., and Robert Bosch GmbH. Technological proliferation and increasing investments in R&D activities by manufacturers and associations are expected to drive the industry growth.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2015

Forecast period

2016 - 2025

Market representation

Revenue in USD Billion & CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, South America, and MEA

Country scope

U.S., Canada, Mexico, UK, Germany, Japan, China, India, and Brazil

Report coverage

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

15% free customization scope(equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the automotive aftermarket based on the replacement part and region:

  • Replacement part Outlook (Revenue, USD Billion; 2014 - 2025)

    • Tire

    • Battery

    • Brake parts

    • Filters

    • Body parts

    • Lighting & Electronic components

    • Wheels

    • Exhaust components

    • Others

  • Regional Outlook (Revenue, USD Billion; 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • Japan

      • India

    • South America

      • Brazil

    • MEA

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