Automotive Aftermarket Size to Reach US$ 1167.09 Bn by 2030

The global automotive aftermarket size was estimated at USD 751.61 billion in 2022 and is predicted to surpass around USD 1167.09 billion by 2030, poised to grow at a noteworthy CAGR of 5.49% during the forecast period 2022 to 2030.

Automotive Aftermarket Size 2022 to 2030

Automotive aftermarket includes post-sales replacement of vehicle parts or components to maintain the efficiency and its mobility affordable throughout the life of a vehicle. There are chain of operators in the automotive aftermarket that include multi-brand repairers, providers of technical information, parts distributors, tools manufacturers, parts manufacturers, and roadside rescue service providers.

Growth Factors

Increasing sales of pre-owned and new vehicles, ageing of vehicles, and poor road conditions are some of the prominent factors that spur the growth of automotive aftermarket. As per Bureau of Transportation Statistics U.S., average age of passenger vehicles is 12 years. Thus, automotive components or parts demand replacement, thereby fuelling the growth of the market. In addition, Integration of advanced technologies such as Internet of Things (IoT), big data, and analytics in the distribution mode triggers the trend for online sales of automotive components. Besides this, rising adoption of electric vehicle and safety technologies offer significant challenge for the component replacement.

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Report Highlights

In 2019, the Asia Pacific led the automotive aftermarket in terms of revenue in 2019 and analyzed to witness prominent growth over the forecast period. Surge in demand for passenger cars, use of advanced technology while fabrication of auto parts, and digitalization of component delivery services projected to spur the market growth in the region.
Europe is a matured market and contribute prominent revenue share in the global automotive aftermarket owing to a regional home for several automotive OEM manufacturers. Additionally, green revolution has transformed the transportation sector of the region into an environment-friendly solution this significantly spurs the market growth.
In terms of revenue, tire dominated the global automotive aftermarket and anticipated to continue its dominance over the forecast period due to small replacement cycle compared to its counterparts.
On the basis of distribution channel, retailer segment projected to lead the market, whereas wholesale and distribution segment witness the fastest growth over the projected years. Rising digitization and trend for online platform are some of the major factors that uplift the wholesale and distribution segment in the coming years.
By sales channel, Original Equipment (delegating to OEMs) expected to dominate the automotive aftermarket in the years to come. Brand name and consumer loyalty are the major factors that propel the market growth for OE segment. Besides this, Do It Yourself (DIY) experience lucrative growth over the forecast period. This is mainly due to the rising technical knowledge of the consumer and their keen interest to repair, maintain, and upgrade their cars by their own.

Table of Contents

Scope of the Automotive Aftermarket

Report Highlights	Details
Market Size	USD 1167.09 Billion by 2030
Growth Rate	CAGR of 5.49% from 2022 to 2030
Base Year	2021
Historic Data	2017 to 2021
Forecast Period	2022 to 2030
Segments Covered	Replacement Part, Service Channel, Distribution Channel, Certification, Regional Outlook
Regional Scope	North America, APAC, Europe, Latin America, MEAN, Rest of the World

Regional Snapshots

In terms of market value, the Asia Pacific led the automotive aftermarket in 2019 and anticipated to register lucrative growth in the coming years. This is attributed to the rising sale and production of both passenger and commercial vehicles in the region. Dramatic changes in the transportation sector offer significant opportunity for the market players to maintain strong footprint in the region. Furthermore, the automotive aftermarket in the Asia Pacific region experience major consolidation from organized and new entrants by replacing current and unorganized players. In addition, implementation of new tax reforms from government enable the market to shift from unorganized management to organized and digitized platforms. Escalating disposable wages in emerging nations, such as Brazil and China is anticipated to have a progressive influence on the aftermarket sector.

On the other end, Europe and North America are the matured markets and seek lucrative growth for new technology integration in the existing platform. The public is also more experienced and prefer Do It Yourself (DIY) sales channel that again boost the market growth. In addition, high purchasing power in the regions triggered the sales of premium and luxury vehicles that cost higher for aftermarket component replacement, thus offer lucrative growth for Do It Yourself (DIY).

Key Players & Strategies

The global automotive aftermarket is highly competitive due to the presence of large number of players. In addition, advent of new technologies in the automotive components and the market shifts are compelling industry participants in aftermarket to evaluate their position and be strategic for maintaining position in the fast-changing environment. For the same, major market players such as 3M Company, Continental AG, Denso Corp., and Robert Bosch GmbH among others are investing prominently to upgrade their products to cater the consumer need and expectations. Other than major aftermarket players, small and new entrants are also gaining significant momentum in the aftermarket for automotive components by integrating high-end technologies such as IoT, big data, and blockchain among others.

Few of the prominent players in the automotive aftermarket include:

p.A.
3M Company
Continental AG
Robert Bosch GmbH
Federal-Mogul Corporation
Denso Corporation

Segments Covered in the Report

This research study comprises complete valuation of the market revenue with the help of widespread quantitative and qualitative insights, and prognoses of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2022 to 2030. This report includes market division and its revenue assessment by categorizing it depending on replacement part, service channel, distribution channel, certification, and region:

By Product

Battery
Tire
Filters
Brake Parts
Turbochargers
Lighting & Electronic Components
Body Parts
Exhaust Components
Wheels
Others

By Application

DIFM (Do it for Me)
DIY (Do it Yourself)
OE (Delegating to OEM’s)

By Distribution Channel

Wholesalers & Distributors
Retailers
- OEMs
- Repair Shops

By Certification

Certified Parts
Genuine Parts
Uncertified Parts

By Regional Outlook

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
Asia Pacific
- China
- India
- Japan
- South Korea
Rest of the World

Table of Content

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Automotive Aftermarket, By Replacement Part

7.1. Automotive Aftermarket, by Replacement Part Type, 2022-2030
7.1.1. Battery
7.1.1.1. Market Revenue and Forecast (2021-2030)
7.1.2. Tire
7.1.2.1. Market Revenue and Forecast (2021-2030)
7.1.3. Filters
7.1.3.1. Market Revenue and Forecast (2021-2030)
7.1.4. Brake Parts
7.1.4.1. Market Revenue and Forecast (2021-2030)
7.1.5. Turbochargers
7.1.5.1. Market Revenue and Forecast (2021-2030)
7.1.6. Lighting & Electronic Components
7.1.6.1. Market Revenue and Forecast (2021-2030)
7.1.7. Exhaust Components
7.1.7.1. Market Revenue and Forecast (2021-2030)
7.1.8. Body Parts
7.1.8.1. Market Revenue and Forecast (2021-2030)
7.1.9. Wheels
7.1.9.1. Market Revenue and Forecast (2021-2030)
7.1.10. Others
7.1.10.1. Market Revenue and Forecast (2021-2030)

Chapter 8. Global Automotive Aftermarket, By Service Channel

8.1. Automotive Aftermarket, by Service Channel, 2022-2030
8.1.1. DIFM (Do it for Me)
8.1.1.1. Market Revenue and Forecast (2021-2030)
8.1.2. DIY (Do it Yourself)
8.1.2.1. Market Revenue and Forecast (2021-2030)
8.1.3. OE (Delegating to OEM’s)
8.1.3.1. Market Revenue and Forecast (2021-2030)

Chapter 9. Global Automotive Aftermarket, By Distribution Channel

9.1. Automotive Aftermarket, by Distribution Channel, 2022-2030
9.1.1. Wholesalers & Distributors
9.1.1.1. Market Revenue and Forecast (2021-2030)
9.1.2. Retailers
9.1.2.1. Market Revenue and Forecast (2021-2030)

Chapter 10. Global Automotive Aftermarket, By Certification

10.1. Automotive Aftermarket, by Certification, 2022-2030
10.1.1. Certified Parts
10.1.1.1. Market Revenue and Forecast (2021-2030)
10.1.2. Genuine Parts
10.1.2.1. Market Revenue and Forecast (2021-2030)
10.1.3. Uncertified Parts
10.1.3.1. Market Revenue and Forecast (2021-2030)

Chapter 11. Global Automotive Aftermarket, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.1.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.1.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.1.4. Market Revenue and Forecast, by Certification (2021-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.1.5.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.1.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.1.5.4. Market Revenue and Forecast, by Certification (2021-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.1.6.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.1.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.1.6.4. Market Revenue and Forecast, by Certification (2021-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.2.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.2.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.2.4. Market Revenue and Forecast, by Certification (2021-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.2.5.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.2.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.2.5.4. Market Revenue and Forecast, by Certification (2021-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.2.6.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.2.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.2.6.4. Market Revenue and Forecast, by Certification (2021-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.2.7.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.2.7.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.2.7.4. Market Revenue and Forecast, by Certification (2021-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.2.8.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.2.8.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.2.8.4. Market Revenue and Forecast, by Certification (2021-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.3.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.3.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.3.4. Market Revenue and Forecast, by Certification (2021-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.3.5.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.3.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.3.5.4. Market Revenue and Forecast, by Certification (2021-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.3.6.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.3.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.3.6.4. Market Revenue and Forecast, by Certification (2021-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.3.7.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.3.7.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.3.7.4. Market Revenue and Forecast, by Certification (2021-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.3.8.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.3.8.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.3.8.4. Market Revenue and Forecast, by Certification (2021-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.4.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.4.4. Market Revenue and Forecast, by Certification (2021-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.4.5.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.4.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.4.5.4. Market Revenue and Forecast, by Certification (2021-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.4.6.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.4.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.4.6.4. Market Revenue and Forecast, by Certification (2021-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.4.7.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.4.7.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.4.7.4. Market Revenue and Forecast, by Certification (2021-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.4.8.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.4.8.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.4.8.4. Market Revenue and Forecast, by Certification (2021-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.5.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.5.4. Market Revenue and Forecast, by Certification (2021-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.5.5.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.5.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.5.5.4. Market Revenue and Forecast, by Certification (2021-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Replacement Part (2021-2030)
11.5.6.2. Market Revenue and Forecast, by Service Channel (2021-2030)
11.5.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2030)
11.5.6.4. Market Revenue and Forecast, by Certification (2021-2030)

Chapter 12. Company Profiles

12.1. p.A.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. 3M Company
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Continental AG
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Robert Bosch GmbH
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Federal-Mogul Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Denso Corporation
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives