ASEAN Automotive Aftermarket, By Category Type (Accessories( Interior and Exterior), Parts (Lubricants , Tires, Batteries , Wear & Tear Parts , Filters , Collision Body , Starters & Alternators, Lighting Exhaust Components and Spark Plugs and Services(Ge

ASEAN Automotive Aftermarket, By Category Type (Accessories( Interior and Exterior), Parts (Lubricants , Tires, Batteries , Wear & Tear Parts , Filters , Collision Body , Starters & Alternators, Lighting Exhaust Components and Spark Plugs and Services(General Automotive Repairs and Automotive Transmission Repairs)) , By Vehicle Type (Passenger Car and Commercial Vehicles), and by Country Malaysia, Indonesia, Philippines, Vietnam, Singapore, Thailand and Rest of ASEAN) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

The automotive aftermarket is the automotive industry market which includes equipment, replacement tires, service repair, collision, repair and accessories, etc. Companies operated in automotive aftermarket are manufacturing, remanufacturing, retailing, distribution, and installation of replacement vehicle parts, automotive accessories, service repair, and equipment. The automotive aftermarket deals with oil and lubricants, batteries, tires, filters, starters and alternators, coatings and paint consumables, exhaust components, spark plugs, crash parts, etc. There are interior and exterior accessories including audio/video devices, steering wheels, parking brake handles, shift boots, grills, headlight covers, front & rear guards, mirrors, etc. Consumers can repair their vehicles on their own with the DIY segments or can take the vehicle to professional repair facilities.

Market Dynamics

Increase in the average age of a vehicle is expected to boost growth of the ASEAN automotive aftermarket during the forecast period. Material and technology used for automotive manufacturing has improved from the past which increases the average age of vehicles. According to Coherent Market Insights’ analysis, in 2016, the number of vehicle on road with age between 5-8 years were around 6 million in Thailand. According to the same source, the number of vehicles with over 12 years of age is expected to increase by 15% over the next five years globally. Moreover, reliability of vehicles has improved substantially over the past decade. Consumers are not selling their vehicle instead of keeping old cars as second preferable vehicle. As a result of this, vehicle age is increasing and which in turn, increases the demand for replacement parts, repair, and maintenance. Thus, these factors are expected to drive the market growth over the forecast period.

Moreover, growing disposable income and rise in the vehicle part is also expected to drive growth of the ASEAN automotive aftermarket during the forecast period. Disposable income in ASEA has increased significantly and increases consumers expenditure on automotive parts is driving the growth of market due to increase n automotive sales. According to Organization Internationale des Constructeurs d’Automobiles (OICA), the sales of passenger cars in Singapore increased from 17,197 units in 2012 to 43,423 units in 2016 while that in Philippines the sales rose from 21,860 units in 2012 to 62,560 units in 2016. Therefore, these factors are expected to drive the market growth in the near future.

Market Taxonomy

This report segments the ASEAN automotive aftermarket on the basis of by category type, by vehicle type, and country. On the basis of category type, the ASEAN automotive aftermarket is segmented into accessories( interior and exterior),parts (lubricants ,tires, batteries ,wear & tear parts ,filters ,collision body ,starters & alternators, lighting exhaust components and spark plugs and services(general automotive repairs and automotive transmission repairs). On the basis of vehicle type, ASEAN automotive aftermarket is segmented into passenger car and commercial vehicles. On the basis of country, ASEAN automotive aftermarket is segmented into Malaysia, Indonesia, Philippines, Vietnam, Singapore, Thailand and Rest of ASEAN.

Key features of the study:

This report provides an in-depth analysis of the ASEAN automotive aftermarket and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the ASEAN automotive aftermarket based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the ASEAN automotive aftermarket include Bridgestone Corporation, ACDelco, Denso Corporation, Aisin Seiki Co., Ltd., Hella KGaA Hueck & Co., BorgWarner Inc., Robert Bosch GmbH, Continental AG, Magneti Marelli SpA, Delphi Automotive PLC, and Faurecia SA.
These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The ASEAN automotive aftermarket report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the ASEAN automotive aftermarket.

Detailed Segmentation:

ASEAN Automotive Aftermarket, By Category Type
Accessories
Interior
Exterior
Parts
Lubricants
Tires
Batteries
Wear & Tear Parts
Filters
Collision Body
Starters & Alternators
Lighting
Exhaust Components
Spark Plugs
Services
General Automotive Repairs
Automotive Transmission Repairs
ASEAN Automotive Aftermarket , By Vehicle Type
Passenger Cars
Commercial Vehicles
ASEAN Automotive Aftermarket, By Region
Malaysia
Indonesia
Philippines
Vietnam
Singapore
Thailand
Rest of ASEAN
Company Profiles
Bridgestone Corporation *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
ACDelco, Denso Corporation,
Aisin Seiki Co., Ltd.,
Hella KGaA Hueck & Co.,
BorgWarner Inc.,
Robert Bosch GmbH,
Continental AG,
Magneti Marelli SpA,
Delphi Automotive PLC,
Faurecia SA.
*Browse all the market data tables and figures on “ASEAN Automotive Aftermarket- Forecast to 2027”