1 Executive Summary
2 Market Introduction
2.1 Definition 17
2.2 Scope of the Study 17
2.3 List of Assumptions 18
2.4 Market Structure 19
3 Research Methodology
3.1 Research Process 21
3.2 Primary Research 22
3.3 Secondary Research 23
3.4 Market Size Estimation 23
3.5 Forecast Model 24
3.6 Key Market Insights 25
4 Key Findings
5 Recommendations
5.1 Consolidation Among Parts Distributors 30
5.2 Digitization of channels and interfaces 30
5.3 Access to car-generated data 30
5.3.1 Deeper customer insights 30
5.3.2 Operational excellence. 31
5.3.3 Response recommendations and readiness 31
5.3.4 Predictive maintenance and remote on-board diagnostics. 31
5.3.5 New digital services. 31
5.4 Higher price transparency and greater diversity of supply for customers 31
5.4.1 Price transparency 31
5.4.2 Online sales 31
6 Market Dynamics
6.1 Drivers 34
6.1.1 High Quality and Low Cost 34
6.1.2 OEMs aggressively expanding their Aftermarket Activities 34
6.1.3 Competing Strategies 35
6.2 Restraint 35
6.2.1 Lack on Infrastructure and technology in the Emerging Regions 35
6.3 Trends 36
6.3.1 OEMs expanding their aftermarket activities 36
6.4 Opportunities 36
6.4.1 Increasing influence of (digital) intermediaries 36
7 Market Factor Analysis
7.1 Porter’s Five Forces Analysis 38
7.1.1 Threat of New Entrants 38
7.1.2 Bargaining Power of Suppliers 38
7.1.3 Threat of Substitutes 38
7.1.4 Bargaining Power of Buyers 38
7.1.5 Rivalry 39
7.2 Supply Chain Analysis 39
8 Global Automotive Aftermarket, By Offering
8.1 Overview 42
8.2 Parts 42
8.2.1 Tire 42
8.2.2 Brake parts 42
8.2.3 Battery 42
8.2.4 Body parts 42
8.2.5 Exhaust components 43
8.2.6 Electrical parts 43
8.2.7 Lighting parts 43
8.2.8 Engine parts 44
8.2.9 Filters 44
8.2.10 Others 44
8.3 Services 44
8.3.1 Accident repair 44
8.3.2 Wear and tear repairs 44
8.3.3 Mechanical/electronic repairs 44
8.3.4 Maintenance 45
8.3.5 Tire service 45
8.3.6 Consumables and accessories 45
9 Global Automotive Aftermarket, By Channel
9.1 Overview 48
9.1.1 Authorized repair 48
9.1.2 Independent repair 48
10 Global Automotive Aftermarket, By Vehicle Age
10.1 Overview 51
10.2 0-4 years 51
10.3 4-8 years 51
10.4 Above 8 years 51
11 Global Automotive Aftermarket, By Vehicle Type
11.1 Overview 54
11.1.1 Passenger vehicle 54
11.1.2 Commercial vehicle 54
12 Global Automotive Aftermarket, By Region
12.1 Introduction 56
12.2 North America 57
12.2.1 U.S. 60
12.2.2 Canada 61
12.3 Europe 63
12.3.1 Germany 65
12.3.2 U.K. 67
12.3.3 France 68
12.3.4 Spain 70
12.3.5 Italy 71
12.3.6 Rest of Europe 73
12.4 Asia Pacific 75
12.4.1 China 77
12.4.2 Japan 79
12.4.3 India 80
12.4.4 Rest of Asia Pacific 82
12.5 Rest of the World 84
12.5.1 Middle East & Africa 86
12.5.2 Latin America 88
13 Patent Trends
14 Competitive Landscape
14.1 Competitive Landscape 94
15 Company Profiles
15.1 Aisin Seiki Co., Ltd. 97
15.1.1 Company Overview 97
15.1.2 Financial Overview 97
15.1.3 Services Offerings 98
15.1.4 SWOT Analysis 98
15.1.5 Key Strategy 99
15.2 Valeo 100
15.2.1 Company Overview 100
15.2.2 Financial Overview 100
15.2.3 Product Offerings 101
15.2.4 Key Developments 102
15.2.5 SWOT Analysis 103
15.2.6 Key Strategy 103
15.3 Continental AG 104
15.3.1 Company Overview 104
15.3.2 Financial Overview 104
15.3.3 Product Offerings 105
15.3.4 Key Developments 105
15.3.5 SWOT Analysis 105
15.3.6 Key Strategy 105
15.4 3M 106
15.4.1 Company Overview 106
15.4.2 Financial Overview 106
15.4.3 Product Offerings 107
15.4.4 Key Developments 107
15.4.5 SWOT Analysis 107
15.4.6 Key Strategy 108
15.5 Denso Corporation 109
15.5.1 Company Overview 109
15.5.2 Financial Overview 109
15.5.3 Product Offerings 110
15.5.4 Key Developments 110
15.5.5 SWOT Analysis 111
15.5.6 Key Strategy 111
15.6 Cooper Tire & Rubber Company 112
15.6.1 Company Overview 112
15.6.2 Financial Overview 112
15.6.3 Product Offerings 113
15.6.4 Key Developments 114
15.6.5 SWOT Analysis 114
15.6.6 Key Strategy 114
15.7 Magneti Marelli S.p.A. 115
15.7.1 Company Overview 115
15.7.2 Financial Overview 115
15.7.3 Product Offerings 116
15.7.4 Key Developments 116
15.7.5 SWOT Analysis 117
15.7.6 Key Strategy 117
15.8 Sumitomo Electric Industries, Ltd. 118
15.8.1 Company Overview 118
15.8.2 Financial Overview 118
15.8.3 Product Offerings 119
15.8.4 SWOT Analysis 119
15.8.5 Key Strategy 119
15.9 Aptiv PLC 120
15.9.1 Company Overview 120
15.9.2 Financial Overview 120
15.9.3 Product Offerings 121
15.9.4 SWOT Analysis 122
15.9.5 Key Strategy 122
15.10 Federal-Mogul Corporation 123
15.10.1 Company Overview 123
15.10.2 Financial Overview 123
15.10.3 Product Offerings 124
15.10.4 Key Developments 125
15.10.5 SWOT Analysis 125
15.10.6 Key Strategy 125
15.11 MAHLE GmbH 126
15.11.1 Company Overview 126
15.11.2 Financial Overview 126
15.11.3 Product Offerings 127
15.11.4 SWOT Analysis 127
15.11.5 Key Strategy 127
15.12 Schaeffler AG 128
15.12.1 Company Overview 128
15.12.2 Financial Overview 128
15.12.3 Product Offerings 129
15.12.4 Key Developments 129
15.12.5 SWOT Analysis 130
15.12.6 Key Strategy 130
15.13 ACDelco 131
15.13.1 Company Overview 131
15.13.2 Financial Overview 131
15.13.3 Product Offerings 131
15.13.4 Key Developments 137
15.13.5 SWOT Analysis 137
15.13.6 Key Strategy 137
15.14 Robert Bosch GmbH 138
15.14.1 Company Overview 138
15.14.2 Financial Overview 138
15.14.3 Product Offerings 139
15.14.4 Key Developments 139
15.14.5 SWOT Analysis 140
15.14.6 Key Strategy 140
15.15 ZF Friedrichshafen AG 141
15.15.1 Company Overview 141
15.15.2 Financial Overview 141
15.15.3 Products Offerings 142
15.15.4 SWOT Analysis 142
15.15.5 Key Strategy 142
16 List of Tables
TABLE 1 MARKET SYNOPSIS 15
TABLE 2 LIST OF ASSUMPTIONS 18
TABLE 3 LEADING SERVICE SHARE TRANSACTION INDICES (2023) 26
TABLE 4 FUNCTIONS OF EXHAUST SYSTEM COMPONENTS 43
TABLE 5 GLOBAL AUTOMOTIVE AFTERMARKET, BY OFFERING, 2023-2032(USD BILLION) 45
TABLE 6 PARTS: GLOBAL AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032(USD BILLION) 46
TABLE 7 SERVICES: GLOBAL AUTOMOTIVE AFTERMARKET, BYOFFERINGS, 2023-2032(USD BILLION) 46
TABLE 8 GLOBAL AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032(USD BILLION) 49
TABLE 9 GLOBAL AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032(USD BILLION) 52
TABLE 10 GLOBAL AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032(USD BILLION) 54
TABLE 11 GLOBAL AUTOMOTIVE AFTERMARKET, BY REGION, 2023-2032(USD BILLION) 56
TABLE 12 NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BY COUNTRY, 2023-2032 (USD BILLION) 57
TABLE 13 NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 57
TABLE 14 PARTS: NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 58
TABLE 15 SERVICES: NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BYOFFERINGS, 2023-2032 (USD BILLION) 58
TABLE 16 NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 58
TABLE 17 NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 59
TABLE 18 NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 59
TABLE 19 U.S.: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 60
TABLE 20 U.S.: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 60
TABLE 21 U.S.: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 60
TABLE 22 U.S.: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 61
TABLE 23 CANADA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 61
TABLE 24 CANADA: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 61
TABLE 25 CANADA: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 62
TABLE 26 CANADA: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 62
TABLE 27 EUROPE: AUTOMOTIVE AFTERMARKET, BY COUNTRY, 2023-2032 (USD BILLION) 63
TABLE 28 EUROPE: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 63
TABLE 29 PARTS: EUROPE: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 64
TABLE 30 SERVICES: EUROPE: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 64
TABLE 31 EUROPE: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 64
TABLE 32 EUROPE: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 65
TABLE 33 EUROPE: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 65
TABLE 34 GERMANY: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 66
TABLE 35 GERMANY: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 66
TABLE 36 GERMANY: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 66
TABLE 37 GERMANY: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 67
TABLE 38 U.K.: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 67
TABLE 39 U.K.: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 67
TABLE 40 U.K.: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 68
TABLE 41 U.K.: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 68
TABLE 42 FRANCE: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 68
TABLE 43 FRANCE: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 69
TABLE 44 FRANCE: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 69
TABLE 45 FRANCE: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 69
TABLE 46 SPAIN: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 70
TABLE 47 SPAIN: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 70
TABLE 48 SPAIN: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 70
TABLE 49 SPAIN: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 71
TABLE 50 ITALY: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 71
TABLE 51 ITALY: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 72
TABLE 52 ITALY: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 72
TABLE 53 ITALY: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 72
TABLE 54 REST OF EUROPE: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 73
TABLE 55 REST OF EUROPE: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 73
TABLE 56 REST OF EUROPE: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 73
TABLE 57 REST OF EUROPE: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 74
TABLE 58 ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY COUNTRY, 2023-2032 (USD BILLION) 75
TABLE 59 ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 75
TABLE 60 PARTS: ASIA-PACIFIC: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 76
TABLE 61 SERVICES: ASIA-PACIFIC: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 76
TABLE 62 ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 76
TABLE 63 ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 77
TABLE 64 ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 77
TABLE 65 CHINA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 78
TABLE 66 CHINA: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 78
TABLE 67 CHINA: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 78
TABLE 68 CHINA: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 79
TABLE 69 JAPAN: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 79
TABLE 70 JAPAN: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 79
TABLE 71 JAPAN: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 80
TABLE 72 JAPAN: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 80
TABLE 73 INDIA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 81
TABLE 74 INDIA: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 81
TABLE 75 INDIA: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 81
TABLE 76 INDIA: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 82
TABLE 77 REST OF ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 82
TABLE 78 REST OF ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 82
TABLE 79 REST OF ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 83
TABLE 80 REST OF ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 83
TABLE 81 REST OF THE WORLD: AUTOMOTIVE AFTERMARKET, BY COUNTRY, 2023-2032 (USD BILLION) 84
TABLE 82 REST OF THE WORLD: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 84
TABLE 83 PARTS: ROW: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 85
TABLE 84 SERVICES: ROW: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 85
TABLE 85 REST OF THE WORLD: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 85
TABLE 86 REST OF THE WORLD: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 86
TABLE 87 REST OF THE WORLD: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 86
TABLE 88 MIDDLE EAST AND AFRICA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 87
TABLE 89 MIDDLE EAST AND AFRICA: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 87
TABLE 90 MIDDLE EAST AND AFRICA: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 87
TABLE 91 MIDDLE EAST AND AFRICA: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 88
TABLE 92 LATIN AMERICA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 88
TABLE 93 LATIN AMERICA: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 88
TABLE 94 LATIN AMERICA: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 89
TABLE 95 LATIN AMERICA: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 89
TABLE 96 MAJOR GRANTED PATENTS ON AUTOMOTIVE AFTERMARKET (MAY 29, 2013 – MAY 29, 2018) 91
17 Lisrt 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
FIGURE 10 SUPPLY CHAIN ANALYSIS: AUTOMOTIVE AFTERMARKET 39
FIGURE 11 GLOBAL AUTOMOTIVE AFTERMARKET, BY OFFERING, 2023 (%) 45
FIGURE 12 GLOBAL AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023(%) 48
FIGURE 13 GLOBAL AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023 (%) 51
FIGURE 14 GLOBAL AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023 (%) 54
FIGURE 15 GLOBAL AUTOMOTIVE AFTERMARKET, BY REGION TYPE, 2023 (%) 56
FIGURE 16 MARKET SHARE ANALYSIS, 2023 (%) 94
FIGURE 17 COMPETITORS BENCHMARKING ANALYSIS, 2023 95