The Automotive Aftermarket size is projected to reach a CAGR of 3.2% from 2022 to 2028.
The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer. The parts, accessories, etc. for sale may or may not be manufactured by the OEM.
The pursuit of automobile drivers to enhance their vehicle performance in terms of exhaust sound, speed, and appearance parameters along with many other aspects are some of the factors that have supported long-term expansion for Automotive Aftermarket.
Asia Pacific dominated the market. Asia Pacific market is also expected to deliver significant growth from 2022 to 2028. Advanced technology usage in the fabrication of auto parts, a surge in consumer and passenger automobile production and sales, and digitalization of automotive component delivery services are anticipated to spur automotive sales in the region.
Insights are provided for each region and major countries within the regions
|
Report Feature |
Descriptions |
|---|---|
|
Growth Rate |
CAGR of 3.2% during the forecasting period, 2022-2028 |
|
Historical Data |
2019-2020 |
|
Forecast Years |
2022-2028 |
|
Base Year |
2021 |
|
Units Considered |
Revenue in USD billion and CAGR from 2022 to 2028 |
|
Report Segmentation |
replacement parts, distribution channel, service channel, certification outlook and region. |
|
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
|
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
|
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
|
Companies Profiled |
3M Company, Continental AG, Cooper Tire & Rubber Company, Delphi Automotive PLC, Denso Corporation, Federal-Mogul Corporation, HELLA KGaA Hueck & Co., Robert Bosch GmbH, Valeo Group, and ZF Friedrichshafen AG. |
|
Available Customization |
In addition to the market data for Automotive Aftermarket, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Automotive Aftermarket is segmented into replacement parts, distribution channel, service channel, certification outlook and region.
.png)
.png)
.png)
.png)
.png)
.png)