Automotive Aftermarket Size, Trends and Analysis by Region, Component, Product Family, Channel and Segment Forecast to 2030
Powered by 
Access in-depth insight and stay ahead of the market
Accessing the in-depth insight from the ‘Automotive Aftermarket’ report can help you:
- Make informed decisions about investments, partnerships, and product development.
- Identify your competitors positioning to stay ahead in the market.
- Identify promising areas, growth trends, segments, and markets to expand your product portfolio or successful investment.
- Anticipate expected changes in demand and adjust your business development strategies.
- Identify potential areas of disruption.
How is our ‘Automotive Aftermarket’ report different from other reports in the market?
- The report presents in-depth market sizing and forecasts at a segment level for more than 15 countries, including historical and forecast analysis for the period 2020-2030, for market assessment.
- Detailed segmentation by component by volume and value – Tyres, Exhaust systems, Oil, Glass, Clutches, Starter batteries, Shock Absorbers, Windscreen wash, Alternators, Antifreeze or coolants, Roof boxes, Glow plugs, and Others.
- Detailed segmentation by product family – Wear & Tear, Services, Tyres, Mechanical, Crash Repair, Accessories, Consumables.
- Detailed segmentation by channel – Vehicle Manufacturer Networks, Garages, Autocenters, Online Sales, Parts Accessories, Tyre Specialists, Fast Fits, Hypermarkets, Crash Repair Centres/Bodyshops, Petrol Stations, and Others.
- Detailed value chain analysis helps businesses identify areas where they can improve their efficiency and effectiveness, reduce costs, and enhance their competitive advantage.
- The report offers technology and regulatory trends, along with challenging factors impacting the automotive aftermarket.
- The growth innovation matrix included in the report divides the companies into four categories i.e., flagbearers, contenders, specialists, and experimenters, which will help value chain participants in understanding how the competition is performing based on their volume growth and their R&D efforts.
- Competitive profiling and benchmarking of key companies in the market provide a deeper understanding of industry competition.
We recommend this valuable source of information to anyone involved in:
- Vehicle Manufacturing
- Auto Component Manufacturing
- Battery Manufacturing
- Regulations and Policy Making
- Independent Research
- Venture Funding
Automotive Aftermarket Overview
The global automotive aftermarket industry will be valued at $677 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% over the forecast period. The changing consumer preferences and behavior, digital transformation, and e-commerce, rise in shared mobility, and substantial effects of technical advancements will drive the market for automotive aftermarkets.
Today’s consumers have a great desire to customize and distinguish their vehicles. The demand for aftermarket extras, including specialized wheels, performance upgrades, interior renovations, audio systems, and aesthetic alterations, has increased owing to this trend. Businesses in the aftermarket respond to these preferences by giving customers a variety of ways to personalize their cars to suit their unique interests and preferences.
The growth of Internet marketplaces has given aftermarket businesses a platform to connect with a larger client base. Connecting merchants and consumers through websites like Amazon, eBay, and niche automobile markets facilitate the promotion and sale of aftermarket goods. Consumers may browse a variety of products, compare prices, read reviews, and easily make purchases thanks to online marketplaces, which provide a convenient one-stop shopping experience.
Automotive Aftermarket Outlook, 2023-2030 ($ Billion)
View Sample Report for Additional Insights on the Automotive Aftermarket Forecast, Download a Free Sample
Leading aftermarket companies have developed their own e-commerce websites, to facilitate direct sales to clients which offer a virtual storefront via which customers may browse the company’s product selection, get in-depth product information, and place direct orders. E-commerce websites also give aftermarket companies, the chance to establish their brands, provide individualized shopping experiences, and use targeted advertising techniques. E-commerce and digital transformation have allowed aftermarket firms to grow their clientele, enhance customer service, and increase revenue.
Modern automobiles come with sophisticated onboard diagnostics systems that track many vehicle parameters and produce diagnostic trouble codes (DTCs) when a problem occurs. These devices give technicians useful information that helps them identify and resolve issues more quickly. Additionally, connectivity technologies enable remote diagnostics and over-the-air software updates by allowing vehicles to submit diagnostic data.
Advanced driver assistance systems (ADAS), entertainment systems, and telematics are a few examples of the increasingly complicated technologies used in modern vehicles. For these systems to function effectively, high-tech sensors, cameras, and software are essential. To provide maintenance, repair, and retrofitting services for these sophisticated systems, aftermarket businesses need to stay up-to-date with these technologies.
Technologies such as augmented reality (AR) and virtual reality (VR) have the potential to completely change the aftermarket business. Through visual overlays for component identification, step-by-step repair instructions, and remote expert assistance, these technologies can help technicians. Efficiency, accuracy, and training in the aftermarket sector can all be improved with AR and VR.
| Market Size (2023) | $677 Billion |
| Market Size (2030) | $1,002.5 Billion |
| CAGR (2023-2030) | 5.8% |
| Forecast Period | 2023-2030 |
| Historic Data | 2020-2022 |
| Report Scope & Coverage | Industry Overview, Volume Forecast, Value Forecast, Regional Analysis, Competitive Landscape, Company Profiles, Growth Trends |
| Components Segment | Tyres, Exhaust Systems, Oil, Glass, Clutches, Starter Batteries, Shock Absorbers, Windscreen Wash, Alternators, Antifreeze or Coolant, Roof boxes, Glow Plugs, Others |
| Product Family Segment | Wear & Tear, Services, Tyres, Mechanical, Crash Repair, Accessories, Consumables |
| Channel Segment | Vehicle Manufacturer Networks, Garages, Autocenters, Online Sales, Parts Accessories, Tyre Specialists, Fast Fits, Hypermarkets, Crash Repair Centers/Body shops, Petrol Stations, Others |
| Regional Segment | North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa |
| Country Segment | US, Canada, Mexico, UK, Germany, France, Netherlands, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Australia, Rest of APAC, Brazil, Argentina, Rest of South & Central America, Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa |
| Key Companies | AGC Inc, Aisin Corp, Benteler International AG, BorgWarner Inc, Bridgestone Corp, Michelin, Contemporary Amperex Technology Ltd, Corning Inc, Denso Corp, Forvia SE, Niterra Co Ltd, Shell plc, Valeo SA |
Automotive Aftermarket Segmentation by Component
The tyres and exhaust systems are expected to hold the highest market shares of the overall automotive aftermarket in 2023 and are expected to continue their dominance over the forecast period. Developments in lightweight technology and materials research impact the aftermarket industry. Businesses in the aftermarket are creating and selling lightweight aftermarket parts and accessories that improve driving dynamics, fuel economy, and performance. The economy of the entire vehicle is increased by replacing heavier components with lighter ones made of cutting-edge materials like carbon fiber composites.
Aftermarket businesses are creating mobile applications and digital service platforms to improve customer interaction and streamline service delivery. Vehicle owners have access to a variety of services through these apps and platforms, including the ability to schedule maintenance appointments, track repairs, get notifications, and access vehicle-related information. They also make it possible for customers and service providers to communicate easily.
The government has imposed rigorous limits for pollutant gas emissions from cars due to the combustion of fuels such as diesel fuel, fuel oil, gasoline, biodiesel, and others. A European Union mandate created the most recent emission standard, known as Euro 6 to minimize dangerous chemicals like carbon monoxide (nitrogen oxide, hydrocarbons, and others from an automobile’s exhaust system. Nitrogen oxide emissions from brand-new passenger vehicles are limited to 168 milligrams per kilometer. Future years are expected to bring stronger rules and a decrease of the maximum emission threshold to 168 milligrams per kilometer to protect the environment. A portable emission measurement system is used in the Real Drive Emission, a test, which is also used in Europe, to detect the dangerous pollutants from exhaust gases, such as NOx, released by a car while it is traveling on the road.
Automotive Aftermarket Share by Component, 2023 (%)
Automotive Aftermarket Outlook Report with Detailed Segment Analysis is Available with GlobalData Now! Download a Free Sample
Automotive Aftermarket Segmentation by Product Family
The automotive aftermarket product family includes wear & tear, services, tyres, mechanical, crash repair, accessories, and consumables. wear & tear and services contribute the major market share in the overall automotive aftermarket by product family.
In the automotive aftermarket, the term “wear and tear” refers to the normal deterioration or degradation of vehicle parts and components with time and use. When a vehicle’s worn-out or damaged parts need replacing, aftermarket parts—made by independent businesses rather than the original equipment manufacturer (OEM)—are frequently used. Some of the key points to consider regarding wear & tear in the automotive aftermarket are natural degradation, replacement parts, warranty consideration, performance and upgrades, and others.
Automotive Aftermarket Share by Product Family, 2023 (%)
Automotive Aftermarket Outlook Report with Detailed Segment Analysis is Available with GlobalData Now! Download a Free Sample
Automotive Aftermarket Segmentation by Channel
The automotive aftermarket channel includes vehicle manufacturer networks, garages, anticenters, online sales, parts accessories, tyre specialists, fast fits, hypermarkets, crash repair centers/body shops, petrol stations, and others.
The automotive aftermarket industry depends heavily on garages and autocenters. They are essential in offering vehicle owners a range of services and solutions, from routine maintenance to repairs and upgrades. Garages and autocenters are vital to the automotive aftermarket since they act as the first point of contact for vehicle owners looking for upkeep, upgrades, repairs, and part replacement services. They are crucial allies in maintaining cars’ smooth operation and efficiency due to their knowledge, variety of services, and availability of aftermarket parts.
Automotive Aftermarket Share by Channel, 2023 (%)
Automotive Aftermarket Outlook Report with Detailed Segment Analysis is Available with GlobalData Now! Download a Free Sample
Automotive Aftermarket Analysis by Region
The automotive aftermarket industry can differ greatly by area due to variations in vehicle ownership rates, vehicle age, driving patterns, legislation, consumer preferences, and economic variables. Due to a high percentage of vehicle ownership and numerous vehicles on the road, North America has a well-developed and mature automotive aftermarket. An extensive network of independent repair facilities, franchised dealerships, and suppliers of car parts exists in the United States and Canada.
The aftermarket for automobiles in Europe is diversified and comprises several nations with unique legislation and markets for vehicles. Although original equipment manufacturer (OEM) parts are frequently preferred by European consumers, the market for high-quality aftermarket parts is expanding. Demand for environmentally friendly and sustainably produced aftermarket goods is driven by strict environmental laws.
The automotive aftermarket has expanded quickly in the Asia-Pacific area as a result of rising auto sales and middle-class populations. With an expanding number of independent repair shops and a rising demand for aftermarket goods, China is a prominent player in the global aftermarket. OEM parts rule the market in Japan and South Korea, but there is also a developing aftermarket sector, especially for performance enhancements and customization.
Automotive Aftermarket Share by Region, 2023 (%)
View Sample Report for Additional Automotive Aftermarket Insights, Download a Free Sample
Automotive Aftermarket - Competitive Landscape
The global automotive aftermarket is highly competitive, with a range of companies offering different components of a vehicle. There are no clear leaders in the automotive aftermarket. The market is dominated by a large number of local and regional rivals that face pressure to present cutting-edge products that assist customers in addressing evolving business practices, security requirements, and technological advancements.
The major firms are pursuing a merger and acquisitions strategy to expand their presence globally.
Key companies in the automotive aftermarket include:
- AGC Inc
- Aisin Corp
- Benteler International AG
- BorgWarner Inc
- Bridgestone Corp
- Michelin
- Contemporary Amperex Technology Ltd
- Corning Inc
- Denso Corp
- Forvia SE
- Niterra Co Ltd
- Shell plc
- Valeo SA
To Know More About Leading Automotive Aftermarket Players, Download a Free Sample
Automotive Aftermarket Segments
GlobalData Plc has segmented the automotive aftermarket report by component, product family, channel, and region:
Automotive Aftermarket Component Outlook (Value and Volume, 2020-2030)
- Alternators
- Antifreeze or coolant
- Clutches
- Exhaust systems
- Glass
- Glow plugs
- Oil
- Roof boxes
- Shock Absorbers
- Starter batteries
- Tyres
- Windscreen wash
- Others
Automotive Aftermarket Product Family Outlook (Value, 2020-2030)
- Accessories
- Consumables
- Crash Repair
- Mechanical
- Services
- Tyres
- Wear & Tear
Automotive Aftermarket Channel Outlook (Value, 2020-2030)
- Autocenters
- Crash Repair Centers/Body shops
- Fast Fits
- Garages
- Hypermarkets
- Online Sales
- Parts Accessories
- Petrol Stations
- Tyre Specialists
- Vehicle Manufacturer Networks
- Others
Automotive Aftermarket Regional Outlook (Volume and Value, 2022-2030)
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Netherlands
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- South & Central America
- Brazil
- Argentina
- Rest of South & Central America
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East & Africa
Scope
This report provides overview and service addressable market for automotive aftermarket.
It identifies the key trends impacting growth of the market over the next 12 to 24 months.
It includes global market forecasts for the automotive aftermarket industry and detailed competitor analysis.
Reasons to Buy
This market intelligence report offers a thorough, forward-looking analysis of the global automotive aftermarket by component and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
Accompanying GlobalData’s Forecast products, the report examines the assumptions, drivers, deals, strategic initiatives, and trend analysis in automotive aftermarket industry.
Detailed segmentation by segmentation by component by volume and value – Tyres, Exhaust systems, Oil, Glass, Clutches, Starter batteries, Shock Absorbers, Windscreen wash, Alternators, Antifreeze or coolant, Roofboxes, Glow plugs, and Others.
The report also highlights key by product family – Wear & Tear, Services, Tyres, Mechanical, Crash Repair, Accessories, and Consumables.
Detailed segmentation by channel – Vehicle Manufacturer Networks, Garages, Autocentres, Online Sales, Parts Accessories, Tyre Specialists, Fast Fits, Hypermarkets, Crash Repair Centres/Bodyshops, Petrol Stations, Others.
The report includes 100+ charts and tables providing in-depth analysis of the market size, forecast and supporting factors which are tailor-made for an executive-level audience, with enhanced presentation quality.
The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in the automotive aftermarket.
The competitive section of the report helps in identifying the flagbearers, experimenters, contenders, and specialists based on their growth and innovation performance in the automotive aftermarket industry which will help stakeholders analyze competition penetration.
Key Players
AGC IncAisin Corp
Benteler International AG
BorgWarner Inc
Bridgestone Corp
Michelin
Contemporary Amperex Technology Ltd
Corning Inc
Denso Corp
Forvia SE
Niterra Co Ltd
Shell plc
Valeo SA
Table of Contents
Table
Figures
Frequently asked questions
-
What is the global automotive aftermarket size in 2023?
The automotive aftermarket size globally will be valued at $677 Billion in 2023.
-
What is the automotive aftermarket growth rate?
The global automotive aftermarket is expected to grow at a CAGR of 5.8% over the forecast period (2023-2030).
-
What are the key automotive aftermarket drivers?
The changing consumer preferences and behavior, digital transformation and e-commerce, rise in shared mobility, and substantial effects of technical advancements are the factors contributing to the automotive aftermarket growth.
-
What are the key automotive aftermarket segments?
Component Segments: Tyres, Exhaust Systems, Oil, Glass, Clutches, Starter Batteries, Shock Absorbers, Windscreen Wash, Alternators, Antifreeze or Coolant, Roofboxes, Glow Plugs, Others
Product Family Segments: Wear & Tear, Services, Tyres, Mechanical, Crash Repair, Accessories, Consumables
Channel Segments: Vehicle Manufacturer Networks, Garages, Autocenters, Online Sales, Parts Accessories, Tyre Specialists, Fast Fits, Hypermarkets, Crash Repair Centres/Bodyshops, Petrol Stations, Others
-
Which are the leading automotive aftermarket companies globally?
The leading automotive aftermarket companies are AGC Inc, Aisin Corp, Benteler International AG, BorgWarner Inc, Bridgestone Corp, Michelin, Contemporary Amperex Technology Ltd, Corning Inc, Denso Corp, Forvia SE, Niterra Co Ltd, Shell plc, and Valeo SA.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.
Sample Report
We are confident about Automotive Aftermarket Size, Trends and Analysis by Region, Component, Product Family, Channel and Segment Forecast to 2030 report's unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:
- Assess the relevance of the report
- Evaluate the quality of the report
- Justify the cost
Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.
Related reports
View more Aftermarket reports
