Automotive Aftermarket

Automotive Aftermarket

Global Automotive Aftermarket Market to Reach $527.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Aftermarket estimated at US$460.3 Billion in the year 2020, is projected to reach a revised size of US$527.7 Billion by 2027, growing at a CAGR of 2% over the analysis period 2020-2027. Mechanical Products, one of the segments analyzed in the report, is projected to record a 1.8% CAGR and reach US$215.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Exterior & Structural Products segment is readjusted to a revised 1.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $124.7 Billion, While China is Forecast to Grow at 3.8% CAGR

The Automotive Aftermarket market in the U.S. is estimated at US$124.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$102 Billion by the year 2027 trailing a CAGR of 3.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.3% and 1.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.8% CAGR.

Electrical Products Segment to Record 2.5% CAGR

In the global Electrical Products segment, USA, Canada, Japan, China and Europe will drive the 2.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$59 Billion in the year 2020 will reach a projected size of US$68.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$71 Billion by the year 2027, while Latin America will expand at a 3.3% CAGR through the analysis period. We bring years of research experience to this 15th edition of our report. The 543-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • 3M Company
  • ACDElco
  • Akebono Brake Corporation
  • American Axle & Manufacturing Inc.
  • ASIMCO Technologies Limited
  • Bridgestone Corporation
  • Compagnie Générale des Etablissements Michelin
  • Continental AG
  • Denso Corporation
  • Gates Corporation
  • Goodyear Tire & Rubber Company
  • Grupo Kuo S.A.B. de C.V.
  • HELLA KGaA Hueck & Co.
  • Hyundai Mobis Co. Ltd.
  • Johnson Controls Inc.
  • Kumho Tires Co. Inc.
  • Pirelli & C. S.p.A.
  • Prestone Products Corporation
  • Robert Bosch GmbH
  • Tenneco Inc.
  • ZF Friedrichshafen AG


Please note: Reports are sold as single-site single-user licenses. The delivery time for hard copies is between 3-5 business days, as each hard copy is custom printed for the organization ordering it. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.


I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
A Prelude
Recent Market Activity
Major Market Drivers in a Nutshell
Product Replacement Cycles - Key Factor Influencing Demand for Aftermarket Parts
Maximizing Efficiency of Automobiles - Business Case for Parts
The Worldwide Automotive Aftermarket Industry - Key Growth Drivers
Emerging Markets to Drive Automotive Industry
Relatively Stable Economic Scenario to Extend Growth Opportunities
Opportunities in Store & Outlook
Expanding Vehicle PARC & Longer Service Life of Vehicles Drive Opportunities in the Aftermarket
An Insight into the Rapidly Growing Online Automotive Aftermarket Industry
Global Competitor Market Shares
Automotive Aftermarket Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3M Company (USA)
3M Automotive Aftermarket Division (USA)
ACDElco (USA)
Akebono Brake Corporation (USA)
American Axle & Manufacturing, Inc. (USA)
ASIMCO Technologies Limited (China)
Bridgestone Corporation (Japan)
Compagnie Générale des Etablissements Michelin (France)
Continental AG (Germany)
Cooper Tire & Rubber Company (USA)
Delphi Technologies PLC (UK)
Denso Corporation (Japan)
Gates Corporation (USA)
Goodyear Tire & Rubber Company (USA)
Grupo Kuo, S.A.B. de C.V. (Mexico)
Grupo Kuo, S.A.B. de C.V. (Mexico)
Hyundai Mobis Co. Ltd. (South Korea)
Johnson Controls, Inc. (USA)
Kumho Tires Co., Inc. (South Korea)
Pirelli & C. S.p.A. (Italy)
Prestone Products Corporation (USA)
Robert Bosch GmbH (Germany)
Tenneco Inc. (USA)
Yokohama Rubber Co., Ltd. (Japan)
ZF Friedrichshafen AG (Germany)
3. MARKET TRENDS & DRIVERS
Major Trends Shaping the Worldwide Automotive Aftermarket Industry
OEMs Embraces Customer-Oriented Approach
Rising Popularity of Autonomous Vehicles & ADAS to Impact Automotive Aftermarket Revenues
Predictive Maintenance - A New Norm in the Automotive Aftermarket
Large Global Base of Vehicle Fleet Offers Potential for Replacements
Global Vehicles in Operation - An Overview
Stable Automobile Production Fuels Growth Opportunities in the OEM Market
Rising Passenger Car Density Spurs Opportunities in the Aftermarket
Growing Demand for Small Affordable Workday Cars in Developing Markets Spurs Growth of Aftermarket Automotive Components
New Technologies Keep Aftermarket Players on Their Toes
Battery Electric Vehicles to Influence Prospects of Parts Aftermarket
Automotive Aftermarket Undergoes Changes on Several Fronts
Road Conditions Drive Frequent Repairs in Emerging Markets
Demand for Aftermarket Parts Grow as Consumers Retain their Vehicles Longer
Projected Rise in New Car Sales to Shore Up Demand for Aftermarket Enhancements in Coming Years
Developing Markets Remain Hot Spots for Growth
Pre-Owned Cars & Auto Leasing Drives Growth
Rise in Automotive Accidents Generate Demand for "Crash Parts"
Educating Consumer - The Key to Growth in Aftermarket
Timely Reminders for Replacements Boosting Aftermarket Sales
DIY Customers Lending Traction to the Market
Market Attributes for Auto Parts in DIY Segment
Growing Demand for DIFM Services Turn 'Service Providers' into Target Customers for Aftermarket Products
Asian Make Products Gaining Importance in Global market
Price Represents Main Influencing Factor for Purchases in Aftermarket - A Case in Point for Cheaper Asian Products
Aftermarket Manufacturers Step Up Investments on Product Innovation & Development
Remanufactured Aftermarket Parts & Components Gain Prominence
Remanufactured Starters & Alternators Continue to Find Significant Demand - A Case in Point
Expanding Middle Class Population Fuels Broad Based Growth in the Market
Rapid Urbanization Triggers Growth
Counterfeit Products Pose a Threat to the Market
Brake Parts - Major Target for Counterfeiters
Customers’ Casual Attitude Towards Replacement of Parts
Extended Life of Original Equipment Engines and Transmissions Hampers Growth
Extended Warranties to Hinder Market Growth of Independent Service Providers
New OEM Fittings Threaten Aftermarket Opportunities
Road Accidents to Drive Sales in the Automotive Aftermarket
Lower Crankcase Capacities too Reduce Quantity of Lubricants & Oil Consumption
Longer Drain Times Quell Demand for Lubricant Refills
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Automotive Aftermarket Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Automotive Aftermarket Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Automotive Aftermarket Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Mechanical Products (Category) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Mechanical Products (Category) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Mechanical Products (Category) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Exterior & Structural Products (Category) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Exterior & Structural Products (Category) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Exterior & Structural Products (Category) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Electrical Products (Category) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Electrical Products (Category) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Electrical Products (Category) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Electronic Products (Category) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 14: Electronic Products (Category) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
TABLE 15: Electronic Products (Category) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Motor Oil, Fluids & Additives (Category) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 17: Motor Oil, Fluids & Additives (Category) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 18: Motor Oil, Fluids & Additives (Category) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 19: Appearance Chemicals (Category) World Market Estimates and Forecasts in US$ Million by Region/Country: 2020 to 2027
TABLE 20: Appearance Chemicals (Category) Market Worldwide Historic Review by Region/Country in US$ Million: 2012 to 2019
TABLE 21: Appearance Chemicals (Category) Market Percentage Share Distribution by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Automotive Aftermarket Market Share (in %) by Company: 2020 & 2025
Market Analytics
TABLE 22: United States Automotive Aftermarket Market Estimates and Projections in US$ Million by Category: 2020 to 2027
TABLE 23: Automotive Aftermarket Market in the United States by Category: A Historic Review in US$ Million for 2012-2019
TABLE 24: United States Automotive Aftermarket Market Share Breakdown by Category: 2012 VS 2020 VS 2027
CANADA
TABLE 25: Canadian Automotive Aftermarket Market Estimates and Forecasts in US$ Million by Category: 2020 to 2027
TABLE 26: Canadian Automotive Aftermarket Historic Market Review by Category in US$ Million: 2012-2019
TABLE 27: Automotive Aftermarket Market in Canada: Percentage Share Breakdown of Sales by Category for 2012, 2020, and 2027
JAPAN
TABLE 28: Japanese Market for Automotive Aftermarket: Annual Sales Estimates and Projections in US$ Million by Category for the Period 2020-2027
TABLE 29: Automotive Aftermarket Market in Japan: Historic Sales Analysis in US$ Million by Category for the Period 2012-2019
TABLE 30: Japanese Automotive Aftermarket Market Share Analysis by Category: 2012 VS 2020 VS 2027
CHINA
TABLE 31: Chinese Automotive Aftermarket Market Growth Prospects in US$ Million by Category for the Period 2020-2027
TABLE 32: Automotive Aftermarket Historic Market Analysis in China in US$ Million by Category: 2012-2019
TABLE 33: Chinese Automotive Aftermarket Market by Category: Percentage Breakdown of Sales for 2012, 2020, and 2027
EUROPE
Market Facts & Figures
European Automotive Aftermarket Market: Competitor Market Share Scenario (in %) for 2020 & 2025
Market Analytics
TABLE 34: European Automotive Aftermarket Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 35: Automotive Aftermarket Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 36: European Automotive Aftermarket Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 37: European Automotive Aftermarket Market Estimates and Forecasts in US$ Million by Category: 2020-2027
TABLE 38: Automotive Aftermarket Market in Europe in US$ Million by Category: A Historic Review for the Period 2012-2019
TABLE 39: European Automotive Aftermarket Market Share Breakdown by Category: 2012 VS 2020 VS 2027
FRANCE
TABLE 40: Automotive Aftermarket Market in France by Category: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 41: French Automotive Aftermarket Historic Market Scenario in US$ Million by Category: 2012-2019
TABLE 42: French Automotive Aftermarket Market Share Analysis by Category: 2012 VS 2020 VS 2027
GERMANY
TABLE 43: Automotive Aftermarket Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2020-2027
TABLE 44: German Automotive Aftermarket Historic Market Analysis in US$ Million by Category: 2012-2019
TABLE 45: German Automotive Aftermarket Market Share Breakdown by Category: 2012 VS 2020 VS 2027
ITALY
TABLE 46: Italian Automotive Aftermarket Market Growth Prospects in US$ Million by Category for the Period 2020-2027
TABLE 47: Automotive Aftermarket Historic Market Analysis in Italy in US$ Million by Category: 2012-2019
TABLE 48: Italian Automotive Aftermarket Market by Category: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED KINGDOM
TABLE 49: United Kingdom Market for Automotive Aftermarket: Annual Sales Estimates and Projections in US$ Million by Category for the Period 2020-2027
TABLE 50: Automotive Aftermarket Market in the United Kingdom: Historic Sales Analysis in US$ Million by Category for the Period 2012-2019
TABLE 51: United Kingdom Automotive Aftermarket Market Share Analysis by Category: 2012 VS 2020 VS 2027
SPAIN
TABLE 52: Spanish Automotive Aftermarket Market Estimates and Forecasts in US$ Million by Category: 2020 to 2027
TABLE 53: Spanish Automotive Aftermarket Historic Market Review by Category in US$ Million: 2012-2019
TABLE 54: Automotive Aftermarket Market in Spain: Percentage Share Breakdown of Sales by Category for 2012, 2020, and 2027
RUSSIA
TABLE 55: Russian Automotive Aftermarket Market Estimates and Projections in US$ Million by Category: 2020 to 2027
TABLE 56: Automotive Aftermarket Market in Russia by Category: A Historic Review in US$ Million for 2012-2019
TABLE 57: Russian Automotive Aftermarket Market Share Breakdown by Category: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 58: Rest of Europe Automotive Aftermarket Market Estimates and Forecasts in US$ Million by Category: 2020-2027
TABLE 59: Automotive Aftermarket Market in Rest of Europe in US$ Million by Category: A Historic Review for the Period 2012-2019
TABLE 60: Rest of Europe Automotive Aftermarket Market Share Breakdown by Category: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 61: Asia-Pacific Automotive Aftermarket Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 62: Automotive Aftermarket Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 63: Asia-Pacific Automotive Aftermarket Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 64: Automotive Aftermarket Market in Asia-Pacific by Category: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 65: Asia-Pacific Automotive Aftermarket Historic Market Scenario in US$ Million by Category: 2012-2019
TABLE 66: Asia-Pacific Automotive Aftermarket Market Share Analysis by Category: 2012 VS 2020 VS 2027
AUSTRALIA
TABLE 67: Automotive Aftermarket Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2020-2027
TABLE 68: Australian Automotive Aftermarket Historic Market Analysis in US$ Million by Category: 2012-2019
TABLE 69: Australian Automotive Aftermarket Market Share Breakdown by Category: 2012 VS 2020 VS 2027
INDIA
TABLE 70: Indian Automotive Aftermarket Market Estimates and Forecasts in US$ Million by Category: 2020 to 2027
TABLE 71: Indian Automotive Aftermarket Historic Market Review by Category in US$ Million: 2012-2019
TABLE 72: Automotive Aftermarket Market in India: Percentage Share Breakdown of Sales by Category for 2012, 2020, and 2027
SOUTH KOREA
TABLE 73: Automotive Aftermarket Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2020-2027
TABLE 74: South Korean Automotive Aftermarket Historic Market Analysis in US$ Million by Category: 2012-2019
TABLE 75: Automotive Aftermarket Market Share Distribution in South Korea by Category: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
TABLE 76: Rest of Asia-Pacific Market for Automotive Aftermarket: Annual Sales Estimates and Projections in US$ Million by Category for the Period 2020-2027
TABLE 77: Automotive Aftermarket Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Category for the Period 2012-2019
TABLE 78: Rest of Asia-Pacific Automotive Aftermarket Market Share Analysis by Category: 2012 VS 2020 VS 2027
LATIN AMERICA
TABLE 79: Latin American Automotive Aftermarket Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 80: Automotive Aftermarket Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 81: Latin American Automotive Aftermarket Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 82: Latin American Automotive Aftermarket Market Growth Prospects in US$ Million by Category for the Period 2020-2027
TABLE 83: Automotive Aftermarket Historic Market Analysis in Latin America in US$ Million by Category: 2012-2019
TABLE 84: Latin American Automotive Aftermarket Market by Category: Percentage Breakdown of Sales for 2012, 2020, and 2027
ARGENTINA
TABLE 85: Argentinean Automotive Aftermarket Market Estimates and Forecasts in US$ Million by Category: 2020-2027
TABLE 86: Automotive Aftermarket Market in Argentina in US$ Million by Category: A Historic Review for the Period 2012-2019
TABLE 87: Argentinean Automotive Aftermarket Market Share Breakdown by Category: 2012 VS 2020 VS 2027
BRAZIL
TABLE 88: Automotive Aftermarket Market in Brazil by Category: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 89: Brazilian Automotive Aftermarket Historic Market Scenario in US$ Million by Category: 2012-2019
TABLE 90: Brazilian Automotive Aftermarket Market Share Analysis by Category: 2012 VS 2020 VS 2027
MEXICO
TABLE 91: Automotive Aftermarket Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2020-2027
TABLE 92: Mexican Automotive Aftermarket Historic Market Analysis in US$ Million by Category: 2012-2019
TABLE 93: Mexican Automotive Aftermarket Market Share Breakdown by Category: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
TABLE 94: Rest of Latin America Automotive Aftermarket Market Estimates and Projections in US$ Million by Category: 2020 to 2027
TABLE 95: Automotive Aftermarket Market in Rest of Latin America by Category: A Historic Review in US$ Million for 2012-2019
TABLE 96: Rest of Latin America Automotive Aftermarket Market Share Breakdown by Category: 2012 VS 2020 VS 2027
MIDDLE EAST
TABLE 97: The Middle East Automotive Aftermarket Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 98: Automotive Aftermarket Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 99: The Middle East Automotive Aftermarket Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 100: The Middle East Automotive Aftermarket Market Estimates and Forecasts in US$ Million by Category: 2020 to 2027
TABLE 101: The Middle East Automotive Aftermarket Historic Market by Category in US$ Million: 2012-2019
TABLE 102: Automotive Aftermarket Market in the Middle East: Percentage Share Breakdown of Sales by Category for 2012,2020, and 2027
IRAN
TABLE 103: Iranian Market for Automotive Aftermarket: Annual Sales Estimates and Projections in US$ Million by Category for the Period 2020-2027
TABLE 104: Automotive Aftermarket Market in Iran: Historic Sales Analysis in US$ Million by Category for the Period 2012-2019
TABLE 105: Iranian Automotive Aftermarket Market Share Analysis by Category: 2012 VS 2020 VS 2027
ISRAEL
TABLE 106: Israeli Automotive Aftermarket Market Estimates and Forecasts in US$ Million by Category: 2020-2027
TABLE 107: Automotive Aftermarket Market in Israel in US$ Million by Category: A Historic Review for the Period 2012-2019
TABLE 108: Israeli Automotive Aftermarket Market Share Breakdown by Category: 2012 VS 2020 VS 2027
SAUDI ARABIA
TABLE 109: Saudi Arabian Automotive Aftermarket Market Growth Prospects in US$ Million by Category for the Period 2020-2027
TABLE 110: Automotive Aftermarket Historic Market Analysis in Saudi Arabia in US$ Million by Category: 2012-2019
TABLE 111: Saudi Arabian Automotive Aftermarket Market by Category: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED ARAB EMIRATES
TABLE 112: Automotive Aftermarket Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2020-2027
TABLE 113: United Arab Emirates Automotive Aftermarket Historic Market Analysis in US$ Million by Category: 2012-2019
TABLE 114: Automotive Aftermarket Market Share Distribution in United Arab Emirates by Category: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
TABLE 115: Automotive Aftermarket Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2020-2027
TABLE 116: Rest of Middle East Automotive Aftermarket Historic Market Analysis in US$ Million by Category: 2012-2019
TABLE 117: Rest of Middle East Automotive Aftermarket Market Share Breakdown by Category: 2012 VS 2020 VS 2027
AFRICA
TABLE 118: African Automotive Aftermarket Market Estimates and Projections in US$ Million by Category: 2020 to 2027
TABLE 119: Automotive Aftermarket Market in Africa by Category: A Historic Review in US$ Million for 2012-2019
TABLE 120: African Automotive Aftermarket Market Share Breakdown by Category: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 393

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook