Wholesale & Distribution Automotive Aftermarket Size, Share & Trends Analysis Report By Replacement Part (Tire, Battery, Brake Parts, Filters, Body Parts, Lighting & Electronic Components) And Segment Forecasts, 2018 - 2025

Industry Insights

The global wholesale & distribution automotive aftermarket size was valued at USD 150.58 billion in 2015. The automotive aftermarket is the secondary commercial channel of the automotive sector. Once vehicles are sold by Original Equipment Manufacturers (OEMs), they require replacement parts, servicing items, and accessories for failed or damaged components throughout their life. Aftermarket parts are manufactured by OEMs and other manufacturers who supply them to OEMs. Due to higher dependability, the aftermarket parts industry is dependent on the changing trends in the primary automotive industry.

Stringent production norms have led automotive vendors to improvise and optimize their techniques and introduce advanced technologies and innovations to their products in a bid to reduce automobile production costs. With the increasing sales of automobiles worldwide, the demand for automotive collision repair is expected to grow.

U.S. wholesale & distribution automotive aftermarket by replacement parts, 2014 - 2025 (USD Million)

Servicing and repairing aggregation has emerged as a popular choice among customers, leading to technological advancements in the automotive sector. Technical information along with coding parts is not freely available to aftermarket for carrying out maintenance and repair, due to which the growth of independent workshops is hampered.

The manufacturers of aftermarket replacement components face a great risk from counterfeit automotive component manufacturers. These manufacturers design a fraudulent imitation of original auto-components, thereby hampering the life of automobiles alongside threatening passenger safety.

Replacement Part Insights

Tires are one of the first automotive parts that need replacement due to friction and wear & tear. The average age of vehicles is increasing due to technological advancements. As a result, an increasing need for replacement parts, especially tires, has been observed.

The most significant function of a battery is to start the vehicle. The battery has the capacity of holding a charge. However, it loses some of its capacity over time, which leads to the need for replacement.

Brake pads wear each time a brake is applied. The vehicle often experiences stoppages in traffic, which results in the faster wear and tear of brakes. Additionally, the weight and size of a vehicle are also responsible for affecting the brake pads.

The auto filter prevents harmful debris from entering into the air and fluid flows of the vehicle, such as radiator, engine, and fuel lines. Over the period, filters undergo aging and get contaminated with debris and pollutants. This leads to decreased performance and damages various parts of the vehicle.

Customers are also keen on replacing various accessories of vehicles, such as body parts, lighting & electronic components, wheels, and more. These replacements enhance the performance and appearance of the vehicle.

Regional Insights

The growth in the global automotive aftermarket is directly related to the growth of the global automobiles market. With the increasing sales of automobiles worldwide, the demand for automotive collision repair is expected to grow. In developing regions, such as Asia Pacific, South America, and the Middle East, a surge in the usage of passenger vehicles is anticipated over the next decade, thereby bolstering the growth of the automotive aftermarket.

Wholesale & distribution automotive aftermarket by region, 2016 (%)

In the emerging markets of Brazil, Russia, India, China, and South Africa (BRICS), a greater e-commerce participation has been observed in the automotive aftermarket. This trend is likely to increase over the forecast period.

The increasing vehicle penetration is driven by the overall improvement in lifestyles in developing countries, such as India and Brazil. This is expected to drive the growth of the automobile industry in the region. A surge in automotive manufacturing across various regions, along with increasingly stringent norms regarding emissions, is expected to drive the growth of the automotive aftermarket sales over the forecast period.

Competitive Insights

Key industry participants in the market include 3M (U.S.), Continental AG (Germany), Delphi Automotive PLC (UK), Denso Corporation (Japan), and Federal-Mogul Corporation (U.S.). Key players in the market have adopted the strategy of mergers & acquisitions to expand their product and service portfolios. For instance, in 2016 Denso Corporation entered into a joint venture with Toyota Tsusho to form Toyota Tsusho Denso Electronics Thailand Co., Ltd. The joint venture aimed at developing software to improve the efficiency of the engine electronic control unit.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2016 to 2025. For the purpose of this study, Grand View Research has segmented the wholesale & distribution automotive aftermarket based on replacement parts and regions.

• Replacement Parts 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

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • Japan

    • India

  • South America

    • Brazil

  • MEA