Automotive Aftermarket Market Global Industry Highlights:

Report provides Automotive Aftermarket Market Size, Share, Companies, Growth, Trends And SWOT Analysis From 2018 To 2023. Global Automotive Aftermarket industry analyzed by Offering (Parts, Services), Channel (Authorized Repair, Independent Repair), Vehicle Age (0-4 years, 4-8 years, Above 8 years) and Vehicle Type (Passenger Vehicle, Commercial Vehicle) – Forecast till 2023. Automotive Aftermarket Continues to be an Important Vertical for the Global Automotive Sector.

Automotive Aftermarket Market Major Companies Analyzed:

Sumitomo Electric Industries Ltd. (Japan), Aptiv PLC (U.K.), Federal-Mogul Corporation (U.S.), MAHLE GmbH (Germany), Schaeffler AG (Germany), ACDelco, Inc. (U.S.), and ZF Friedrichshafen AG (Germany), Aisin Seiki Co., Ltd. (Japan), Continental AG (Germany), Robert Bosch GmbH (Germany), Valeo (France), 3M (U.S.), Denso Corporation (Japan), Cooper Tire & Rubber Company (U.S.), Magneti Marelli S.p.A. (Italy).

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The global automotive aftermarket is segmented on the basis of offering, channel type, vehicle age, vehicle type, and region. By offering, the market is segmented into parts and services. The parts segment share accounts for over 50% of the total market and is expected to display the highest CAGR during the forecast period. Parts include tires, brake parts, battery, body & other component parts which have high sales and high demand in the aftermarket due to the upkeep required to ensure these components are functioning at optimally.

On the basis of region, the global automotive aftermarket has been segmented into North America, Europe, Asia Pacific (APAC), and the Middles East & Africa (MEA). North America, led by the U.S. is expected to spearhead the global automotive aftermarket during the forecast period. In terms of revenue, North America currently accounts for more than half of the share of the global market. Countries such as the U.S. and Canada present significant opportunities for market players, therefore the region remains a prominent destination for investors.  The U.S. is home to some of the leading automotive aftermarket manufacturers, which also makes a major manufacturing hub of automotive aftermarket components. Europe is expected to maintain its second position in the global automotive aftermarket over 2023. Factors such as the increased demand for automotive aftermarket product and rising trend of reuse is supporting the growth of the market in the region. 

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List of Tables:

TABLE 1 MARKET SYNOPSIS 15

TABLE 2 LIST OF ASSUMPTIONS 18

TABLE 3 LEADING SERVICE SHARE TRANSACTION INDICES (2016) 26

TABLE 4 FUNCTIONS OF EXHAUST SYSTEM COMPONENTS 43

TABLE 5 GLOBAL AUTOMOTIVE AFTERMARKET, BY OFFERING, 2016-2023(USD BILLION

TABLE 6 PARTS: GLOBAL AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2016-2023(USD BILLION) 46

TABLE 7 SERVICES: GLOBAL AUTOMOTIVE AFTERMARKET, BYOFFERINGS, 2016-2023(USD BILLION) 46

TABLE 8 GLOBAL AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2016-2023(USD BILLION) 49

Continued…

List of Figures:

FIGURE 1 GLOBAL AUTOMOTIVE AFTERMARKET: MARKET STRUCTURE 19

FIGURE 2 RESEARCH PROCESS OF MRFR 21



FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 24

FIGURE 4 OLDER CAR OWNERS EXHIBIT DESIRABLE MAINTENANCE BEHAVIORS 25

FIGURE 5 HEADQUARTERS OF PARTICIPATING COMPANIES 25

FIGURE 6 GLOBAL REVENUE DISTRIBUTION OF PARTICIPATING COMPANIES 26

FIGURE 7 INVESTMENT TREND IN AUTOMOTIVE AFTERMARKET BY MAJOR MANUFACTURERS 26

FIGURE 8 DRIVER, RESTRAINT AND TRENDS: GLOBAL AUTOMOTIVE AFTERMARKET 33

FIGURE 9 POTER’S FIVE FORCES ANALYSIS 38

Continued…

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