Global Automotive Aftermarket Industry Anticipated To Grow at a CAGR of 3.2% Over the Forecast Period 2017-2025

According to Goldstein Research, world automotive aftermarket market is expected to grow from USD 763 billion in 2017, equaling 20% of the global automotive industry which is expected to expand at a compounded annual growth rate of 3.2% over the forecast period 2017-2025. The factors such as rising automotive sales across the world and penetration of automotive industry to the developing countries are driving the world automotive aftermarket. Automotive aftermarket industry segmentationhas been carried out on the basis of aftermarket products and services type, end-user, distribution channel, and geography. Based on after-market products and services, the wear & tear parts segment accounted for 52.0%, acquiring the largest market share of the total market. Global automotive aftermarket industry is majorly driven by North America with a market share of 35.0% followed by Asia Pacific region. APAC automotive aftermarket industry is anticipated to expand at a CAGR of more than 6.4% over the forecast period, with the major contribution from China and India.

Market Segmentation

On the basis of our in-depth analysis, Global Automotive Aftermarket Market can be segmented as follows:

  • By Aftermarket Products and Services Type
    • Wear-and-Tear Parts
    • Crash-Relevant Parts
    • Accessories and Appearance Products
    • Diagnostics Products
    • Services (Fleet Management etc.)
  • By End Users Type
    • Service Providers (Telematics, Fleet Management etc.)
    • Independent Workshops
    • Automotive OEM Workshop
  • By Distribution Channels
    • Offline Distribution Channel
    • Online Distribution Channel
  • By Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}


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Automotive Aftermarket Trends & Challenge Analysis

Global Automotive Aftermarket Industry Outlook 2025” contains a detailed overview of the global automotive aftermarket market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by aftermarket products and services type, end-user and distribution channel.

Further, for the in-depth analysis, Global Automotive Aftermarket Industry Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as 3M, Continental AG, Delphi Automotive PLC, Denso Corporation, Federal-Mogul Corporation, MagnetiMarelliS.p.A., Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, COOPER TIRE & RUBBER COMPANY and Robert Bosch GmbH, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global automotive aftermarket industry trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research is a market analysis & business consulting firm and currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

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