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Pulished Date August, 2019
ID: 8204
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Automotive Aftermarket Segmentation By Replacement Part (Tire, Battery, Brake Parts, Filters, Body Parts, Lighting & Electronic Components, Wheels, Exhaust Components, Turbochargers, Others), By Distribution Channel (Retailers, Wholesalers and Distributors), By Service Channel (DIY, DIFM, OEM), By Certification (Genuine Parts, Certified Parts, Uncertified Parts) - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2020-2025

Pulished: August, 2019
ID: 8204
Pages: 170

Automotive Aftermarket Overview:

The aftermarket is an integral part of the automotive industry, which is a part of the vehicle part manifacturers and administrations. The vehicle aftermarket is a different market that significantly manages maintenance, fix, and post-deal administrations. Automotive aftermarket includes the procedure of substitution of the partly harmed because of mishap or crash. There is a wide assortment of parts of various quality and costs for various distinctive vehicle models.

Quickly developing aftermarket volume, including retail deals over the globe are getting progressively significant for vehicle organizations when contrasted with new vehicle deals attributable to the higher edges. Then again, aftermarket market vehicle mileage segments and items represent almost 50% of the complete vehicle aftermarket exchange deals followed by crash-relevant parts, diagnostics items and administrations. In addition, advanced driven items and administrations are setting another pattern and will be the significant development drivers for the market development over the anticipated time. It is likewise evaluated that digital services fragment, for example, telematics, vehicle diagnosis, and  fleet management among others will increment exponentially from as of now 6% to 20% in the following ten years.

Recent Developments:

  • 3M Automotive Aftermarket Division has indeed increased present expectations with another voyaging intuitive presentation trailer and instructive study hall, which includes the most recent in 3M collision fix innovation.
  • 3M Automotive Aftermarket has recently launched another site 3MCollision.com that is intended to empower clients to more effectively discover items, solution guides, how-to recordings, related undertakings and then some.
  • 3M Automotive Aftermarket Division confirmed a joint venture with TTS Tooltechnic Systems AG and Co. KG, producer of Festool brand items to give clients in the worldwide vehicle accident repair industry another and complete surface readiness and completing framework.
  • The innovation organization Continental is bundling data about its item and administration portfolio for the vehicle aftermarket in another online gateway.

Drivers and Restraints of Global Automotive Aftermarket:

Drivers:

Increasing vehicle sales help propel the fix and support side of the automotive market, for improved vehicle performance. Developing middle class populace related to expanding buying power is driving the vehicle deals and giving potential chances to reseller's exchange part producers and supply chain suppliers. Ageing vehicle fleet, alongside developing interest for new parts will additionally rise the income generation in next scarcely any years.

The expanding utilization of light vehicles likewise impacts the market in a positive manner. Besides, there is an appeal for accessories and vehicle parts, which will additionally help the vehicle aftermarket the not so distant future. Innovative headways and normalizing design will likewise drive the interest of the market in future.

Restraints:

Diminished maintenance cost, improved nature of the item and rising interest for the branded parts is the greatest income generator for the market. Then again, the key controlling element of the market is the worldwide lawful issue. Likewise, expanding the receptiveness of the automated market is making the test to the development of the market.

Market Segmentation:

By Replacement Part:

  •  Tire
  • Battery
  • Brake parts
  • Filters
  • Body parts
  • Lighting & Electronic components
  • Wheels
  • Exhaust components
  • Turbochargers
  • Others

In light of the aftermarket items and services, mileage parts represented the biggest income portion of over 52% in car aftermarket industry. Also, services segment is touted to be the quickest developing portion that is probably going to grow at a CAGR of 7% over the estimated time frame.

The replacements parts section incorporates the income produced from belts, brakes, clutch, electrical parts, lighting, exhaust, suspensions, transmission, electrical and air conditioning parts, and wiper parts. The development is mostly credited to the cost favourable circumstances offered by replacement parts.

By Distribution Channel:

  • Retailers
    • OEMs
    • Repair Shops
  • Wholesalers & Distributors

By Service Channel

  • DIY (Do It Yourself)
  • DIFM (Do It for Me)
  • OEM

Professional outlets rule the car aftermarket industry and will feature noteworthy development inferable from expanding purchaser trust and support from new players. Vehicle vendors have huge client information and are viably using information driven way to deal with comprehend purchaser conduct and service patterns. Also, rising reception of minimal effort sensors have expanded prescient upkeep owing benefits to car vendors.

The replacement parts fragment involves car parts that are produced to supplant original equipment (OEM) in the event that they are harmed. Accessories are intended to give comfort, execution, accommodation, and security. The accessories fragment is the main portion in the automotive aftermarket. What's more, Do-It-Yourself (DIY) section and the Do-It-For-Me (DIFM) portion are likewise accessible to clients through which they can fix their vehicles themselves or can take the vehicle to an expert fix facility.

By Certification:

  • Genuine Parts
  • Certified Parts
  • Uncertified Parts

Global Automotive Aftermarket Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America has a higher adoption rate, which is foreseen to bring about quicker and higher reception of hybrid electric cars in the locale when contrasted with different topographies. Impressive development in the top notch brand, diminishing building costs, and modular engineering are the elements that are foreseen to grow the market all inclusive.  Asia Pacific area is the quickest developing for automotive aftermarket industry significantly powered by the China and the territorial market is relied upon to develop at a growth rate of about 7% during the projection period. Developing locales, for example, Eastern Europe, Brazil, China and India are supposed to be the development aspects for vehicle aftermarket industry during the anticipated period.

Key Players of Market:

The Global Automotive Aftermarket Industry consists of the following organizations as the major players: 3M, Continental AG, Delphi Automotive PLC, Denso Corporation, Federal-Mogul Corporation, Magneti Marelli S.p.A., Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, Cooper Tire & Rubber Company and Robert Bosch GmbH.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Automotive Aftermarket Market, By Replacement Part              

                    6.1.1 Tire     

                    6.1.2 Battery

                    6.1.3 Brake Parts    

                    6.1.4 Filters  

                    6.1.5 Body Parts     

                    6.1.6 Lighting & Electronic Components

                    6.1.7 Wheels

                    6.1.8 Exhaust Components         

                    6.1.9 Turbochargers         

                    6.1.10 Market Size Estimations & Forecasts (2019-2024)      

                    6.1.11 Y-o-Y Growth Rate Analysis       

                    6.1.12 Market Attractiveness Index       

          6.2 Automotive Aftermarket Market, By Distribution Channel          

                    6.2.1 Retailers        

                    6.2.2 Wholesalers   

                    6.2.3 Distributors   

                    6.2.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.5 Y-o-Y Growth Rate Analysis         

                    6.2.6 Market Attractiveness Index         

          6.3 Automotive Aftermarket Market, By Service Channel                 

                    6.3.1 DIY     

                    6.3.2 DIFM   

                    6.3.3 OEM    

                    6.3.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

          6.4 Automotive Aftermarket Market, By Certification            

                    6.4.1 Genuine Parts

                    6.4.2 Certified Parts

                    6.4.3 Uncertified Parts      

                    6.4.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.5 Y-o-Y Growth Rate Analysis         

                    6.4.6 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Replacement Part

                    7.2.3 By Distribution Channel      

                    7.2.4 By Service Channel   

                    7.2.5 By Certification        

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Replacement Part

                    7.3.3 By Distribution Channel      

                    7.3.4 By Service Channel   

                    7.3.5 By Certification        

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Replacement Part

                    7.4.3 By Distribution Channel      

                    7.4.4 By Service Channel   

                    7.4.5 By Certification        

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Replacement Part

                    7.5.3 By Distribution Channel      

                    7.5.4 By Service Channel   

                    7.5.5 By Certification        

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Replacement Part

                    7.6.3 By Distribution Channel      

                    7.6.4 By Service Channel   

                    7.6.5 By Certification        

8. Key Player Analysis                           

          8.1 3M Company              

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Continental AG           

          8.3 Delphi Automotive PLC         

          8.4 Denso Corporation                

          8.5 Federal-Mogul Corporation             

          8.6 Magneti Marelli S.p.A            

          8.7 Goodyear Tire & Rubber Company             

          8.8 ZF Friedrichshafen AG           

          8.9 Cooper Tire & Rubber Company                 

          8.10 Robert Bosch GmbH            

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of  by type, by region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Aftermarket Market By Region, From 2020-2025 ( USD Billion )
  2. Global Automotive Aftermarket Market By Replacement Part, From 2020-2025 ( USD Billion )
  3. Global Tire Market By Region, From 2020-2025 ( USD Billion )
  4. Global Battery Market By Region, From 2020-2025 ( USD Billion )
  5. Global Brake Parts Market By Region, From 2020-2025 ( USD Billion )
  6. Global Filters Market By Region, From 2020-2025 ( USD Billion )
  7. Global Body Parts Market By Region, From 2020-2025 ( USD Billion )
  8. Global Lighting & Electronic Components Market By Region, From 2020-2025 ( USD Billion )
  9. Global Wheels Market By Region, From 2020-2025 ( USD Billion )
  10. Global Exhaust Components Market By Region, From 2020-2025 ( USD Billion )
  11. Global Turbochargers Market By Region, From 2020-2025 ( USD Billion )
  12. Global Automotive Aftermarket Market By Distribution Channel, From 2020-2025 ( USD Billion )
  13. Global Retailers Market By Region, From 2020-2025 ( USD Billion )
  14. Global Wholesalers Market By Region, From 2020-2025 ( USD Billion )
  15. Global Distributors Market By Region, From 2020-2025 ( USD Billion )
  16. Global Automotive Aftermarket Market By Service Channel, From 2020-2025 ( USD Billion )
  17. Global DIY Market By Region, From 2020-2025 ( USD Billion )
  18. Global DIFM Market By Region, From 2020-2025 ( USD Billion )
  19. Global OEM Market By Region, From 2020-2025 ( USD Billion )
  20. Global Automotive Aftermarket Market By Certification, From 2020-2025 ( USD Billion )
  21. Global Genuine Parts Market By Region, From 2020-2025 ( USD Billion )
  22. Global Certified Parts Market By Region, From 2020-2025 ( USD Billion )
  23. Global Uncertified Parts Market By Region, From 2020-2025 ( USD Billion )

 

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