Global Automotive Aftermarket Industry Anticipated to Expand at a CAGR of 3.2% (2017-2025)

Posted on 2018-08-28 by Goldstein Research in Automotive // 0 Comments

New York, USA, 2018-Aug-28 — /EPR Network/ —According to Goldstein Research, global automotive aftermarket industry size is estimated at USD 763 billion in 2017, which is growing at a compounded annual growth rate of 3.2% during the forecast period 2017-2025. The global automotive aftermarket industry accounts for 20% revenue share of the global automotive industry. The upwards graph in the sales of new automobiles and the trend of digital-driven products & services, combinedly accelerate the growth of the market.

Global automotive aftermarket industry segmentation has been carried out on the basis of aftermarket products and services type, end user, distribution channel and geography. On the basis of aftermarket products and services type, the wear & tear parts segment accounted for the highest market of +52%. Further, the global automotive drive-shaft market and global automotive turbochargers market each account for significant market share, impelling the growth of automotive aftermarket industry all over the world.

Global automotive aftermarket industry is largely driven by North America market share of 35% in 2017. Whereas Asia Pacific automotive aftermarket industry is growing at the fastest rate, majorly driven by the growth of China automotive aftermarket industry, growing at a CAGR of +6.4% during forecast period.

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Industry Segmentation

On the basis of our in-depth analysis, Global Automotive Aftermarket Industry 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) {Industry Share (%), Industry Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}
Rest of the World {Industry Share (%), Industry Size (USD Billion), Adoption Rate (%)}

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“Global Automotive Aftermarket Industry Outlook 2025” contains the detailed overview of the global automotive aftermarket industry. On the basis of our in-depth analysis, the industry can be segmented in terms of industry 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, industry challenges, risk analysis, industry attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This market analysis 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, Magneti Marelli S.p.A., Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, COOPER TIRE & RUBBER COMPANY, 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 industry forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their industry-centric strategies according to the ongoing and expected trends in the future.

Key questions answered in this Global Automotive Aftermarket Report

What is the Global Automotive Aftermarket Industry Size by 2025 and what would be the expected growth rate of the industry?
What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
What are the automotive aftermarket industry trends?
What are the factors which are driving this industry?
What are the major barriers to automotive aftermarket industry growth?
Who are the key vendors in this industry space?
What are the industry opportunities for the existing and entry-level players?
What are the recent developments and business strategy of the key players?

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Our industry research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry analysis reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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