Global Automotive Aftermarket Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI01245499

Publication Date:

January 4, 2024

Pages:

147

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturing (Automotive) [2]

Components [3]

Automotive [4]

Description:

The global Automotive Aftermarket market size was valued at US$ 999760 million in 2023. With growing demand in downstream market, the Automotive Aftermarket is forecast to a readjusted size of US$ 1265390 million by 2030 with a CAGR of 3.4% during review period.
The research report highlights the growth potential of the global Automotive Aftermarket market. Automotive Aftermarket are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Automotive Aftermarket. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Automotive Aftermarket market.
The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories.
United States is the largest market of the automotive aftermarket with share over 28.8%. China will rank the first worldwide in sales for an eighth straight year.
Bridgestone, Michelin, Autozone, Genuine Parts Company, Goodyear, Continental, Advance Auto Parts, O'Reilly Auto Parts, Bosch are the main players in the market. The top 5 occupied 6% in 2019, the whole market is quite competitive.
Wear and Tear Parts is the most important type of Automotive Aftermarket, its market share is 43% in 2019, then followed by Tire Service and Crash Relevant Parts, which occupied 13.7% and 13.1% respectively.
Passengers car needs more services in automotive aftermarket compared to Commercial Vehicle, it took nearly 70% of the market.
Key Features:
The report on Automotive Aftermarket market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Automotive Aftermarket market. It may include historical data, market segmentation by Type (e.g., Wear and Tear Parts, Crash Relevant Parts), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Automotive Aftermarket market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Automotive Aftermarket market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Automotive Aftermarket industry. This include advancements in Automotive Aftermarket technology, Automotive Aftermarket new entrants, Automotive Aftermarket new investment, and other innovations that are shaping the future of Automotive Aftermarket.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Automotive Aftermarket market. It includes factors influencing customer ' purchasing decisions, preferences for Automotive Aftermarket product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Automotive Aftermarket market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Automotive Aftermarket market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Automotive Aftermarket market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Automotive Aftermarket industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Automotive Aftermarket market.
Market Segmentation:
Automotive Aftermarket market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Wear and Tear Parts
Crash Relevant Parts
Maintenance Service
Diagnostics Products and Service
Tire Service
Other
Segmentation by application
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bridgestone
Michelin
Autozone
Genuine Parts Company
Goodyear
Continental
Advance Auto Parts
O'Reilly Auto Parts
Bosch
Tenneco
Belron International
Denso
Driven Brands
China Grand Automotive
Zhongsheng Group
3M Company
Yongda Group
Monro
Delphi
Tuhu Auto

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Automotive Aftermarket Market Size 2019-2030
2.1.2 Automotive Aftermarket Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Automotive Aftermarket Segment by Type
2.2.1 Wear and Tear Parts
2.2.2 Crash Relevant Parts
2.2.3 Maintenance Service
2.2.4 Diagnostics Products and Service
2.2.5 Tire Service
2.2.6 Other
2.3 Automotive Aftermarket Market Size by Type
2.3.1 Automotive Aftermarket Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Automotive Aftermarket Market Size Market Share by Type (2019-2024)
2.4 Automotive Aftermarket Segment by Application
2.4.1 Passenger Vehicle
2.4.2 Commercial Vehicle
2.5 Automotive Aftermarket Market Size by Application
2.5.1 Automotive Aftermarket Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Automotive Aftermarket Market Size Market Share by Application (2019-2024)
3 Automotive Aftermarket Market Size by Player
3.1 Automotive Aftermarket Market Size Market Share by Players
3.1.1 Global Automotive Aftermarket Revenue by Players (2019-2024)
3.1.2 Global Automotive Aftermarket Revenue Market Share by Players (2019-2024)
3.2 Global Automotive Aftermarket Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Automotive Aftermarket by Regions
4.1 Automotive Aftermarket Market Size by Regions (2019-2024)
4.2 Americas Automotive Aftermarket Market Size Growth (2019-2024)
4.3 APAC Automotive Aftermarket Market Size Growth (2019-2024)
4.4 Europe Automotive Aftermarket Market Size Growth (2019-2024)
4.5 Middle East & Africa Automotive Aftermarket Market Size Growth (2019-2024)
5 Americas
5.1 Americas Automotive Aftermarket Market Size by Country (2019-2024)
5.2 Americas Automotive Aftermarket Market Size by Type (2019-2024)
5.3 Americas Automotive Aftermarket Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Automotive Aftermarket Market Size by Region (2019-2024)
6.2 APAC Automotive Aftermarket Market Size by Type (2019-2024)
6.3 APAC Automotive Aftermarket Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Automotive Aftermarket by Country (2019-2024)
7.2 Europe Automotive Aftermarket Market Size by Type (2019-2024)
7.3 Europe Automotive Aftermarket Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Automotive Aftermarket by Region (2019-2024)
8.2 Middle East & Africa Automotive Aftermarket Market Size by Type (2019-2024)
8.3 Middle East & Africa Automotive Aftermarket Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Automotive Aftermarket Market Forecast
10.1 Global Automotive Aftermarket Forecast by Regions (2025-2030)
10.1.1 Global Automotive Aftermarket Forecast by Regions (2025-2030)
10.1.2 Americas Automotive Aftermarket Forecast
10.1.3 APAC Automotive Aftermarket Forecast
10.1.4 Europe Automotive Aftermarket Forecast
10.1.5 Middle East & Africa Automotive Aftermarket Forecast
10.2 Americas Automotive Aftermarket Forecast by Country (2025-2030)
10.2.1 United States Automotive Aftermarket Market Forecast
10.2.2 Canada Automotive Aftermarket Market Forecast
10.2.3 Mexico Automotive Aftermarket Market Forecast
10.2.4 Brazil Automotive Aftermarket Market Forecast
10.3 APAC Automotive Aftermarket Forecast by Region (2025-2030)
10.3.1 China Automotive Aftermarket Market Forecast
10.3.2 Japan Automotive Aftermarket Market Forecast
10.3.3 Korea Automotive Aftermarket Market Forecast
10.3.4 Southeast Asia Automotive Aftermarket Market Forecast
10.3.5 India Automotive Aftermarket Market Forecast
10.3.6 Australia Automotive Aftermarket Market Forecast
10.4 Europe Automotive Aftermarket Forecast by Country (2025-2030)
10.4.1 Germany Automotive Aftermarket Market Forecast
10.4.2 France Automotive Aftermarket Market Forecast
10.4.3 UK Automotive Aftermarket Market Forecast
10.4.4 Italy Automotive Aftermarket Market Forecast
10.4.5 Russia Automotive Aftermarket Market Forecast
10.5 Middle East & Africa Automotive Aftermarket Forecast by Region (2025-2030)
10.5.1 Egypt Automotive Aftermarket Market Forecast
10.5.2 South Africa Automotive Aftermarket Market Forecast
10.5.3 Israel Automotive Aftermarket Market Forecast
10.5.4 Turkey Automotive Aftermarket Market Forecast
10.5.5 GCC Countries Automotive Aftermarket Market Forecast
10.6 Global Automotive Aftermarket Forecast by Type (2025-2030)
10.7 Global Automotive Aftermarket Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 Bridgestone
11.1.1 Bridgestone Company Information
11.1.2 Bridgestone Automotive Aftermarket Product Offered
11.1.3 Bridgestone Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Bridgestone Main Business Overview
11.1.5 Bridgestone Latest Developments
11.2 Michelin
11.2.1 Michelin Company Information
11.2.2 Michelin Automotive Aftermarket Product Offered
11.2.3 Michelin Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Michelin Main Business Overview
11.2.5 Michelin Latest Developments
11.3 Autozone
11.3.1 Autozone Company Information
11.3.2 Autozone Automotive Aftermarket Product Offered
11.3.3 Autozone Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Autozone Main Business Overview
11.3.5 Autozone Latest Developments
11.4 Genuine Parts Company
11.4.1 Genuine Parts Company Company Information
11.4.2 Genuine Parts Company Automotive Aftermarket Product Offered
11.4.3 Genuine Parts Company Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Genuine Parts Company Main Business Overview
11.4.5 Genuine Parts Company Latest Developments
11.5 Goodyear
11.5.1 Goodyear Company Information
11.5.2 Goodyear Automotive Aftermarket Product Offered
11.5.3 Goodyear Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Goodyear Main Business Overview
11.5.5 Goodyear Latest Developments
11.6 Continental
11.6.1 Continental Company Information
11.6.2 Continental Automotive Aftermarket Product Offered
11.6.3 Continental Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Continental Main Business Overview
11.6.5 Continental Latest Developments
11.7 Advance Auto Parts
11.7.1 Advance Auto Parts Company Information
11.7.2 Advance Auto Parts Automotive Aftermarket Product Offered
11.7.3 Advance Auto Parts Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Advance Auto Parts Main Business Overview
11.7.5 Advance Auto Parts Latest Developments
11.8 O'Reilly Auto Parts
11.8.1 O'Reilly Auto Parts Company Information
11.8.2 O'Reilly Auto Parts Automotive Aftermarket Product Offered
11.8.3 O'Reilly Auto Parts Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 O'Reilly Auto Parts Main Business Overview
11.8.5 O'Reilly Auto Parts Latest Developments
11.9 Bosch
11.9.1 Bosch Company Information
11.9.2 Bosch Automotive Aftermarket Product Offered
11.9.3 Bosch Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Bosch Main Business Overview
11.9.5 Bosch Latest Developments
11.10 Tenneco
11.10.1 Tenneco Company Information
11.10.2 Tenneco Automotive Aftermarket Product Offered
11.10.3 Tenneco Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Tenneco Main Business Overview
11.10.5 Tenneco Latest Developments
11.11 Belron International
11.11.1 Belron International Company Information
11.11.2 Belron International Automotive Aftermarket Product Offered
11.11.3 Belron International Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Belron International Main Business Overview
11.11.5 Belron International Latest Developments
11.12 Denso
11.12.1 Denso Company Information
11.12.2 Denso Automotive Aftermarket Product Offered
11.12.3 Denso Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Denso Main Business Overview
11.12.5 Denso Latest Developments
11.13 Driven Brands
11.13.1 Driven Brands Company Information
11.13.2 Driven Brands Automotive Aftermarket Product Offered
11.13.3 Driven Brands Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 Driven Brands Main Business Overview
11.13.5 Driven Brands Latest Developments
11.14 China Grand Automotive
11.14.1 China Grand Automotive Company Information
11.14.2 China Grand Automotive Automotive Aftermarket Product Offered
11.14.3 China Grand Automotive Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.14.4 China Grand Automotive Main Business Overview
11.14.5 China Grand Automotive Latest Developments
11.15 Zhongsheng Group
11.15.1 Zhongsheng Group Company Information
11.15.2 Zhongsheng Group Automotive Aftermarket Product Offered
11.15.3 Zhongsheng Group Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.15.4 Zhongsheng Group Main Business Overview
11.15.5 Zhongsheng Group Latest Developments
11.16 3M Company
11.16.1 3M Company Company Information
11.16.2 3M Company Automotive Aftermarket Product Offered
11.16.3 3M Company Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.16.4 3M Company Main Business Overview
11.16.5 3M Company Latest Developments
11.17 Yongda Group
11.17.1 Yongda Group Company Information
11.17.2 Yongda Group Automotive Aftermarket Product Offered
11.17.3 Yongda Group Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.17.4 Yongda Group Main Business Overview
11.17.5 Yongda Group Latest Developments
11.18 Monro
11.18.1 Monro Company Information
11.18.2 Monro Automotive Aftermarket Product Offered
11.18.3 Monro Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.18.4 Monro Main Business Overview
11.18.5 Monro Latest Developments
11.19 Delphi
11.19.1 Delphi Company Information
11.19.2 Delphi Automotive Aftermarket Product Offered
11.19.3 Delphi Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.19.4 Delphi Main Business Overview
11.19.5 Delphi Latest Developments
11.20 Tuhu Auto
11.20.1 Tuhu Auto Company Information
11.20.2 Tuhu Auto Automotive Aftermarket Product Offered
11.20.3 Tuhu Auto Automotive Aftermarket Revenue, Gross Margin and Market Share (2019-2024)
11.20.4 Tuhu Auto Main Business Overview
11.20.5 Tuhu Auto Latest Developments
12 Research Findings and Conclusion

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