Automotive Aftermarket Service Market Share, Growth, Opportunities and Future Scope 2022-2032

Automotive Aftermarket Service Industry Size- By Replacement Parts, By Vehicle Type, By Certification, By Distribution Channel, By Service Channel- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Automotive Aftermarket Service Industry Size- By Replacement Parts, By Vehicle Type, By Certification, By Distribution Channel, By Service Channel- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Published: Nov 2022 Report ID: AMIN2204 Pages: 1 - 235 Formats*:     
Category : Automotive & Transportation
Global Automotive Aftermarket Service Industry Overview:

According to SPER Market Research, the Global Automotive Aftermarket Service Industry is estimated to reach USD 602.13 billion by 2032 with a CAGR of 3.59%. 

The selling of automotive aftermarket goods and services by businesses (organisations, lone entrepreneurs, and partnerships) that offer automotive aftermarket solutions makes up the automotive aftermarket market. The manufacturing, supply, selling, and installation of all vehicle parts, machineries, and accessories for light and heavy vehicles are the primary concerns of the automotive aftermarket, which is the secondary sector of the automotive industry (original equipment manufacturer). A manufacturer other than the original equipment manufacturer (OEM) of the vehicle makes aftermarket components, often known as generic parts or non-OEM parts. These components can be used in place of original components during repairs and maintenance because they provide the same purpose. The sector is primarily propelled by motorists' desire to improve the performance of their vehicles in terms of exhaust sound, speed, and cosmetic standards, among many other elements.The arrival of online portals providing aftermarket components in coordination with the world's auto-part supplier groups, as well as the digitization of component delivery sales and services, are anticipated to attract significant investments from the key players.Due to the customers' smoother experience, businesses are moving to the digital platform.As more people adopt Internet-of-Things (IoT) and digitization trends, the subsequent digitalization is projected to have a significant impact on the sector. Additionally, propulsion technology advancements have opened up a lot of business potential. However, concerns regarding expensive R&D costs are anticipated to impede market expansion during the anticipated time frame. The manufacturing procedures used by automakers are subject to various limitations. One of these restrictions is the cost of production. However, some aftermarket filters and other automotive replacement components provide customers the option to select a component that is appropriate for their vehicle's operating environment.

Impact of COVID-19 on the Global Automotive Aftermarket Service Industry
One of the verticals most vulnerable to the ongoing COVID-19 pandemic is the automobile and transportation sector, which is presently experiencing unheard-of instability. The COVID-19 is anticipated to have a substantial impact on the industry's supply chain and product demand. Concern in the industry has shifted from China's disruption of the supply chain to the general decline in aftermarket product demand. With the termination of all non-essential services, it is anticipated that demand for commercial vehicle parts will drastically decline. Additionally, adjustments in consumer purchasing patterns brought on by the pandemic's uncertainty may have a significant impact on the industry's growth in the near future. People are more likely to keep their cars for an extended period of time given the economic ups and downs.The aftermarket players have already been hit by the liquidity and capital shortage, and this gap is anticipated to get worse over the coming months. Further, After the epidemic, consumers are predicted to favour private transportation. However, it is anticipated that the discrepancies in wealth will prevent commuters from purchasing brand-new cars due to financial limitations. The demand for aftermarket auto parts for vehicle maintenance is anticipated to rise as used car sales rise. On a larger scale, the pandemic is anticipated to be the catalyst for the return of certain entry-level aftermarket players in emerging nations.



Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2032
 Base year considered 2021
 Forecast period 2022-2032
 Segments coveredBy Replacement Parts, By Vehicle Type, By Distribution Channel, By Service Channel
 Regions coveredNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa
 Companies CoveredAISIN SEIKI CO., Continental AG, Cooper Tire & Rubber Company, Delphi Automotive PLC, Denso Corporation, Exide Technologies, Inc., Federal-Mogul Corporation, Goodyear Tire & Rubber Company, HELLA KGaAHueck& co., Johnsons Controls Inc., Lear Corporation, Magneti Marelli S.p.A., Robert Bosch GmbH, Royal Dutch Shell PLC, Valeo Group, ZF Friedrichshafen AG
Global Automotive Aftermarket Service Industry Segmentation:

By Replacement Parts: Based on the Replacement Parts, Global Automotive Aftermarket Service Industry Market is segmented as; Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Turbochargers.

By Vehicle Type: Based on the Vehicle Type, Global Automotive Aftermarket Service Industry Market is segmented as; Passenger Cars, Commercial Vehicles.

By Certification: Based on the Certification, Global Automotive Aftermarket Service Industry Market is segmented as; Genuine Parts, Certified Parts, Uncertified Parts.

By Distribution Channel: Based on the Distribution Channel, Global Automotive Aftermarket Service Industry Market is segmented as; Retailers (OEM’s, Repair Shops), Wholesalers and Distributors.

By Service Channel: Based on the Service Channel, Global Automotive Aftermarket Service IndustryMarket is segmented as; DIY (Do it Yourself), DIFM (Do it for me), OE (Delegation to OEM’s).

By Region: In terms of market size, Asia Pacific dominated the market. Automobile sales in the area are expected to increase as a result of increased consumer and passenger vehicle production and sales, the use of advanced technologies in the manufacturing of auto parts, and the digitization of automotive component delivery services. Many businesses are concentrating on acquisitions to increase their market share.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges 
4.2. COVID-19 Impacts of the Global Automotive Aftermarket Service Industry Market 

5. Market variables and outlook
5.1. SWOT analysis 
5.1.1 Strengths 
5.1.2 Weaknesses 
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis 
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape 
5.2.4 Technological landscape 
5.2.5 Environmental landscape 
5.2.6 Legal landscape 
5.3. PORTER’S five forces analysis 
5.3.1 Bargaining power of suppliers 
5.3.2 Bargaining power of Buyers 
5.3.3 Threat of Substitute 
5.3.4 Threat of new entrant 
5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Global Automotive Aftermarket Service Industry Market, By Replacement Parts, 2019-2032 (USD Million)
6.1. Tire
6.2. Battery
6.3. Brake Parts
6.4. Filters
6.5. Body Parts
6.6. Lighting and Electronic Components
6.7. Wheels
6.8. Exhaust Components
6.9. Turbochargers

7. Global Automotive Aftermarket Service Industry, By Vehicle Type, 2019-2032 (USD Million)
7.1. Passenger Cars
7.1. Commercial Vehicles

8. Global Automotive Aftermarket Service Industry , By Certification, 2019-2032 (USD Million)
8.1. Genuine Parts
8.2. Certified Parts
8.3. Uncertified Parts

9. Global Automotive Aftermarket Service Market, By Distribution Channel, 2019-2032 (USD Million)
9.1. Retailers
9.1.1 OEM’s
9.1.2 Repair Shops
9.2. Wholesalers and Distributors

10. Global Automotive Aftermarket Service Industry, By Service Channel, 2019-2032 (USD Million)
10.1 DIY (Do it Yourself)
10.2 DIFM (Do it for me)
10.3 OE (Delegation to OEM’s)

11. Global Automotive Aftermarket Service Industry, By Region, 2019-2032 (USD Million)
11.1. North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2. Europe
11.2.1. Germany
11.2.2. United Kingdom
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Australia
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. South America
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Rest of South America
11.5. Middle East & Africa
11.5.1. Kingdom of Saudi Arabia 
11.5.2. United Arab Emirates
11.5.3. Rest of Middle East & Africa

12. Company Profiles
12.1 AISIN SEIKI CO.
12.1.1 Company details 
12.1.2 Financial outlook
12.1.3 Product summary 
12.1.4 Recent developments

12.2 Continental AG
12.2.1 Company details 
12.2.2 Financial outlook
12.2.3 Product summary 
12.2.4 Recent developments

12.3 Cooper Tire & Rubber Company
12.3.1 Company details 
12.3.2 Financial outlook
12.3.3 Product summary 
12.3.4 Recent developments

12.4 Delphi Automotive PLC
12.4.1 Company details 
12.4.2 Financial outlook
12.4.3 Product summary 
12.4.4 Recent developments

12.5 Denso Corporation
12.5.1 Company details 
12.5.2 Financial outlook
12.5.3 Product summary 
12.5.4 Recent developments

12.6 Exide Technologies, Inc
12.6.1 Company details 
12.6.2 Financial outlook
12.6.3 Product summary 
12.6.4 Recent developments

12.7 Federal-Mogul Corporation
12.7.1 Company details 
12.7.2 Financial outlook
12.7.3 Product summary 
12.7.4 Recent developments

12.8 Goodyear Tire & Rubber Company
12.8.1 Company details 
12.8.2 Financial outlook
12.8.3 Product summary 
12.8.4 Recent developments

12.9 HELLA KGaA Hueck & co. 
12.9.1 Company details 
12.9.2 Financial outlook
12.9.3 Product summary 
12.9.4 Recent developments

12.10 Johnsons Controls Inc.
12.10.1 Company details 
12.10.2 Financial outlook
12.10.3 Product summary 
12.10.4 Recent developments

12.11 Lear Corporation
12.11.1 Company details 
12.11.2 Financial outlook
12.11.3 Product summary 
12.11.4 Recent developments

12.12 Magneti Marelli S.p.A.
12.12.1 Company details 
12.12.2 Financial outlook
12.12.3 Product summary 
12.12.4 Recent developments

12.13 Robert Bosch GmbH
12.13.1 Company details 
12.13.2 Financial outlook
12.13.3 Product summary 
12.13.4 Recent developments

12.14 Royal Dutch Shell PLC
12.14.1 Company details 
12.14.2 Financial outlook
12.14.3 Product summary 
12.14.4 Recent developments

12.15 Valeo Group
12.15.1 Company details 
12.15.2 Financial outlook
12.15.3 Product summary 
12.15.4 Recent developments

12.16 ZF Friedrichshafen AG
12.16.1 Company details 
12.16.2 Financial outlook
12.16.3 Product summary 
12.16.4 Recent developments

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3


Frequently Asked Questions About This Report
The North America region is anticipated to have the highest market share in the Automotive Aftermarket Service Industry.
The key players in the market include Companies Covered AISIN SEIKI CO., Continental AG, Cooper Tire & Rubber Company, Delphi Automotive PLC, Denso Corporation, Exide Technologies, Inc., Federal-Mogul Corporation, Goodyear Tire & Rubber Company, HELLA KGaAHueck& co., Johnsons Controls Inc., Lear Corporation, Magneti Marelli S.p.A., Robert Bosch GmbH, Royal Dutch Shell PLC, Valeo Group, ZF Friedrichshafen AG.
The sector is primarily driven by motorists' desire to improve their vehicles' performance in terms of exhaust sound, speed, and cosmetic standards, among many other factors.
The Automotive Aftermarket Service Industry is projected to reach USD 602.13 billion by 2032, growing at a CAGR of 3.59% during the forecast period.
The Automotive Aftermarket Service Industry grew in market size from 2021. The Market is expected to reach USD 602.13 billion by 2032, at a CAGR of 3.59% during the forecast period.
The Automotive Aftermarket Service Industry CAGR of 3.59% during the forecast period.
The Automotive Aftermarket Service Industry size is USD 602.13 billion from 2022 to 2032.
The Automotive Aftermarket Service Industry segment is Covered By Replacement Parts, By Vehicle Type, By Distribution Channel, By Service Channel.
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