Automotive After Market

Automotive After Market by Replacement Parts (Tire, Battery, Brake Parts, Filters, Body Parts, Lighting & Electronic Components, Wheels, Exhaust Components, Turbochargers, Others) by Certification (Genuine Parts, Certified Parts, Uncertified Parts) by Distribution Channel (Retail, Wholesalers & Distributors) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Automotive After in terms of revenue?

    The global Automotive After valued at 381.28 Billion in 2020 and is expected to reach 532.45 Billion in 2028 growing at a CAGR of 4.20%%

  • Which are the prominent players in the market?

    The prominent players in the market are Denso Corporation, The Michelin Group, Magneti Marelli S.p.A., Hyundai Mobis, Bridgestone Corporation, Aisin Seiki Co. Ltd., Robert Bosch GmbH, Continental AG, 3M, Goodyear Tire & Rubber Company, ZF Friedrichshafen AG..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 4.20%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Automotive After include

    • The increasing digitization of component delivery sales and services coupled with the arrival of online portal distributing aftermarket components is expected to augment the growth of the automotive aftermarket during the forecast period. This is due to the global auto-part supplier groups that are likely to draw huge investments from the key participants. Additionally, the presence of leading market component suppliers, such as US Auto Parts Network, Inc. and CarParts.com, is also expected to increase the demand of the market in the years to come. Furthermore, growing online sales of automotive components are projected to fuel growth of the market.
    • The increasing demand for replacement parts is anticipated to augment the growth of the automotive aftermarket in the years to come. The replacement parts dominated the industry with around 74.3% of the automotive aftermarket revenue share in 2020. This is due to the extreme strain by poor road conditions and low life cycle of the parts. The vehicles’ early aging will provide a positive outlook for aftermarket components. Along with that, factors such as low production cost, rising number of manufacturers, and increasing number of accidents, are likely to support the growth of the market.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Automotive After in 2020.

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