The global Automotive Aftermarket was valued at $350.23Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $490.2Billion.
The Automotive aftermarket is the secondary market for the automobile industry where all the material & spares parts are available. The aftermarket encompasses all parts & services purchase for heavy & light duty vehicles after the sales, including replacement of Types & tubes, spare parts, accessories, Lubricants. It concerned with the remanufacturing, retailing & installation of the parts after the sales of the vehicle.
“Optimal Price Point (OPP) for Automotive Aftermarket”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Automotive Aftermarket are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Automotive AfterMarket “by Replacement Part Categories”
We have segmented the Automotive AfterMarket-based on Replacement part categories as Tire, Battery, Brake, Filters, Body Part, Performance Part, Lighting & electronic components, Wheels, Exhaust components, Turbochargers, Others
We have observed the significant use of tire in automobile sectors which cause rapid growth in the automotive Industry. The automobile industry is observing an increasing demand for cars & bikes
Automotive Aftermarket by“Distribution Channel”
We have segmented the Automotive Aftermarket based on Distribution Channel are Retailers, Wholesalers & Distributors
We have observed the growth of retailer in automotive aftermarket due to the demand in service being sold by online with spare parts such as original equipment parts which boost the market growth over the forecast period.
Automotive AfterMarket by “Service Channel”
We have segmented the Automotive Aftermarket based on Service Channel as DIY (Do it yourself), DIFM (Do it for Me), OE (Original Equipment).
We have observed the OE in-service channel is dominate the automotive Aftermarket due to the demands of customers need For original Spares part which indirectly raises the demands for manufacturing units.
Automotive Aftermarket by “Certification”
We have segmented the Automotive Aftermarket based on certification as Genuine Parts, Uncertified Parts, Automotive Counterfeit
Asia Pacific accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Automotive Aftermarket followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
Automotive Aftermarket such as Tire, Battery, Brake, Filters, Body Part, Performance Part, Lighting & electronic components is widely used in Automobile industry for various applications. Recovery of the Automotive Aftermarket industry in developed regions of North America and Europe is over the last two years has been a significant driving force for industry growth.
Increase car, bikes, Heavy duty vehicle, light-duty vehicles economies such as China, India, Brazil, is anticipated for Automobile sectors. Strong economic development coupled with industrial sector growth is expected to drive market growth over the forecast period.
“Competitive Landscape “and “Merger & Acquisition Insights”
The key market participants include Robert Bosch GmbH,Magneti Marelli S.P.A., 3M Company, Continental AG, Federal-Mogul Corporation,Delphi Automotive PLC, Denso Corporation, are few major players in Automotive Aftermarkets. The market of Automotive Aftermarket is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Automotive Aftermarket by Replacement Part Categories (Revenue, Million, 2014 – 2025)
- Body Part
- Performance Part
- Lighting & electronic components
- Exhaust components
Automotive Aftermarket by Distribution Channel(Revenue, Million, 2014 – 2025)
Automotive Aftermarket by Service Channel(Revenue, Million, 2014 – 2025)
Automotive Aftermarket by Service Channel (Revenue, Million, 2014 – 2025)
- Genuine Parts
- Uncertified Parts
- Automotive Counterfeit
Automotive Aftermarket Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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