Automotive Aftermarket Service Market Growth, Share, Opportunities and Future Scope 2023-2033
Global Automotive Aftermarket Service Industry Size- By Replacement Parts, By Vehicle Type, By Certification, By Distribution Channel, By Service Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2022 | Report ID: AMIN2204 | Pages: 1 - 235 | Formats*: |
| Category : Automotive & Transportation | |||
Global Automotive Aftermarket Service Industry Overview
According to SPER Market Research, the Global Automotive Aftermarket Service Industry is estimated to reach USD 675.75 billion by 2033 with a CAGR of 4.25%.
The maintenance, repair, and personalization requirements of automobiles after their initial sale are catered to by a wide range of companies and services that make up the automotive aftermarket service market. Independent repair shops, distributors of parts, online merchants, and different service providers are all included. This sector is essential for maintaining automobiles on the road, prolonging their useful lives, and satisfying the various demands of vehicle owners. The aftermarket sector provides services such as regular maintenance, repairs, part replacement, diagnostics, and accessory installation. By supplying more affordable alternatives to original equipment manufacturer (OEM) services and parts, as well as a greater selection and competitive pricing, the industry helps vehicle owners. Additionally, it opens up commercial options for retailers, distributors, manufacturers, and independent repair shops. The aftermarket sector also promotes sustainability by reducing waste through repair and reconditioning, boosting innovation and competitiveness, and growing employment and the economy.
Exploring the Growth Drivers of the Global Automotive Aftermarket Service Industry.
The growth and development of the global automotive aftermarket services industry are fueled by a number of important factors. The aftermarket service sector is significantly influenced by the increasing number of automobiles on the road. The demand for maintenance, repairs, and replacement components rises in tandem with the growth of the vehicle fleet, giving aftermarket service providers a steady supply of new business prospects. The average age of cars and trucks on the road has been rising over time. The demand for aftermarket services is increased by the more frequent repairs and replacement parts needed for older automobiles. Owners frequently seek out affordable aftermarket options as an alternative to pricey OEM services as their vehicles get older.
What challenges does the Global Automotive Aftermarket Service Industry face?
There are a number of obstacles that the global automobile aftermarket services market must overcome in order to operate and expand. OEM Dominance is one of the main obstacles. By marketing their own branded components, diagnostic tools, and service networks, Original Equipment Manufacturers (OEMs) frequently exert control over the aftermarket. Access to technical data, software, or parts may be restricted by OEMs, making it difficult for independent repair facilities and aftermarket providers to compete on an even playing field. The availability of aftermarket parts that are fake and of poor quality presents a serious problem. These components might not fulfill requirements for quality or performance, posing a risk to consumer satisfaction through poor performance and potential safety issues. The fight against fake parts and making sure trustworthy aftermarket items are available are continuous challenges.
In what ways has the COVID-19 pandemic affected Global Automotive Aftermarket Service Industry?
The global automobile aftermarket services market has been severely damaged by the COVID-19 outbreak. Lockdowns, travel bans, and financial instability led to decreased vehicle use and postponed maintenance and repairs. The demand for aftermarket service providers' offerings decreased as a result. Delays in repairs and replacements were brought on by aftermarket parts being unavailable as a result of supply chain interruptions. The demand for aftermarket services was further impacted by the move toward remote employment and less commuting. However, the epidemic also sped up the adoption of e-commerce as more people started using online marketplaces to buy goods and services.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Replacement Parts, By Vehicle Type, By Certification, By Distribution Channel, By Service Channel |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | AISIN SEIKI CO., Continental AG, Cooper Tire & Rubber Company, Delphi Automotive PLC, Denso Corporation, Exide Technologies, Inc, Federal-Mogul Corporation, Goodyear Tire& Rubber Company, Hella KGaA Hueck & Co., Johnsons Controls Inc., Lear Corporation, Magneti Marelli S.p.A, Robert Bosch GmbH, Royal Dutch Shell PLC, Valeo Group, ZF Friedrichshafen AG, Others |
Key Target Audience:
- Automotive Dealerships
- Commercial Vehicle Operators
- Do it Yourself (DIY) Enthusiasts
- Fleet Management Companies
- Government Agencies and Regulatory Bodies
- Independent Repair Shops
- Insurance Companies
- Online Retail Customers
- Original Equipment Manufacturers (OEM’s)
- Vehicle Owners
Global Automotive Aftermarket Service Industry Segmentation:
1. By Replacement Parts:
- Global Automotive Aftermarket Service Industry Value Share and Forecast, By Replacement Parts, 2023-2033
- Battery
- Body Parts
- Brake Parts
- Exhaust Components
- Filters
- Lighting and Electronic Components
- Tire
- Turbochargers
- Wheels
2. By Vehicle Type:
- Global Automotive Aftermarket Service Industry Value Share and Forecast, By Vehicle Type, 2023-2033
- Commercial Vehicles
- Passenger Cars
3. By Certification:
- Global Automotive Aftermarket Service Industry Market Value Share and Forecast, By Certification, 2023-2033
- Certified Parts
- Genuine Parts
- Uncertified Parts
4. By Distribution Channel:
- Global Automotive Aftermarket Service Industry Value Share and Forecast, By Distribution Channel, 2023-2033
- Retailers
- Wholesalers and Distributors
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Automotive Aftermarket Service Industry Size (FY’2023-FY’2033)
- Overview of Global Automotive Aftermarket Service Industry
- Segmentation of Global Automotive Aftermarket Service Industry By Replacement Parts (Battery, Body Parts, Brake Parts, Exhaust Components, Filters, Lighting and Electronic Components, Tire, Turbochargers, Wheels)
- Segmentation of Global Automotive Aftermarket Service Market By Vehicle Type (Commercial Vehicles, Passenger Cars)
- Segmentation of Global Automotive Aftermarket Service Industry By Certification (Certified Parts, Genuine Parts, Uncertified Parts)
- Segmentation of Global Automotive Aftermarket Service Industry By Distribution Channel (Retailers, Wholesalers and Distributors)
- Segmentation of Global Automotive Aftermarket Service Industry By Service Channel (Delegation to OEM’s, Do it for me, Do it Yourself)
- Statistical Snap of Global Automotive Aftermarket Service Industry
- Growth Analysis of Global Automotive Aftermarket Service Industry
- Problems and Challenges in Global Automotive Aftermarket Service Industry
- Competitive Landscape in the Global Automotive Aftermarket Service Market
- Impact of COVID-19 and Demonetization on Global Automotive Aftermarket Service Market
- Details on Recent Investment in Global Automotive Aftermarket Service Market
- Competitive Analysis of Global Automotive Aftermarket Service Market
- Key Players in the Global Automotive Aftermarket Service Market
- SWOT Analysis of Global Automotive Aftermarket Service Market
- Global Automotive Aftermarket Service Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Automotive Aftermarket Service Industry
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Aftermarket Service Industry Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Aftermarket Service Market
7. Global Automotive Aftermarket Service Industry, By Replacement Parts (USD Million)
7.1. Global Automotive Aftermarket Service Industry Value Share and Forecast, By Replacement Parts, 2023-20337.2. Battery7.3. Body Parts7.4. Brake Parts7.5. Exhaust Components7.6. Filters7.7. Lighting and Electronic Components7.8. Tire7.9. Turbochargers7.10. Wheels
8. Global Automotive Aftermarket Service Industry, By Vehicle Type (USD Million)
8.1. Global Automotive Aftermarket Service Industry Value Share and Forecast, By Vehicle Type, 2023-20338.2. Commercial Vehicles8.3. Passenger Cars
9. Global Automotive Aftermarket Service Industry, By Certification (USD Million)
9.1. Global Automotive Aftermarket Service Industry Market Value Share and Forecast, By Certification, 2023-20339.2. Certified Parts9.3. Genuine Parts9.4. Uncertified Parts
10. Global Automotive Aftermarket Service Industry, By Distribution Channel (USD Million)
10.1. Global Automotive Aftermarket Service Industry Value Share and Forecast, By Distribution Channel, 2023-203310.2. Retailers10.2.1. OEM’s10.2.2. Repair Shops10.3. Wholesalers and Distributors
11. Global Automotive Aftermarket Service Industry, By Service Channel (USD Million)
11.1. Global Automotive Aftermarket Service Industry Value Share and Forecast, By Service Channel, 2023-203311.2. Delegation to OEM’s (OE)11.3. Do it for me (DIFM)11.4. Do it Yourself (DIY)
12. Global Automotive Aftermarket Service Industry Forecast, 2019-2033 (USD Million)
12.1. Global Automotive Aftermarket Service Industry Size and Market Share
13. Global Automotive Aftermarket Service Industry, By Replacement Parts, 2019-2033 (USD Million)
13.1. Global Automotive Aftermarket Service Market Size and Market Share By Replacement Parts (2019-2026)13.2. Global Automotive Aftermarket Service Market Size and Market Share By Replacement Parts (2027-2033)
14. Global Automotive Aftermarket Service Industry, By Vehicle Type, 2019-2033 (USD Million)
14.1. Global Automotive Aftermarket Service Industry Size and Market Share By Vehicle Type (2019-2026)14.2. Global Automotive Aftermarket Service Industry Size and Market Share By Vehicle Type (2027-2033)
15. Global Automotive Aftermarket Service Industry, By Certification, 2019-2033 (USD Million)
15.1. Global Automotive Aftermarket Service Industry Size and Market Share By Certification (2019-2026)15.2. Global Automotive Aftermarket Service Industry Size and Market Share By Certification (2027-2033)
16. Global Automotive Aftermarket Service Industry, By Distribution Channel, 2019-2033 (USD Million)
16.1. Global Automotive Aftermarket Service Industry Size and Market Share By Distribution Channel (2019-2026)16.2. Global Automotive Aftermarket Service Industry Size and Market Share By Distribution Channel (2027-2033)
17. Global Automotive Aftermarket Service Industry, By Service Channel, 2019-2033 (USD Million)
17.1. Global Automotive Aftermarket Service Industry Size and Market Share By Service Channel (2019-2026)17.2. Global Automotive Aftermarket Service Industry Size and Market Share By Service Channel (2027-2033)
18. Global Automotive Aftermarket Service Industry, By Region, 2019-2033 (USD Million)
18.1. Global Automotive Aftermarket Service Industry Size and Market Share By Region (2019-2026)18.2. Global Automotive Aftermarket Service Industry Size and Market Share By Region (2027-2033)18.3. Asia-Pacific18.3.1. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific18.4. Europe18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe18.5. Middle East and Africa18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa18.6. North America18.6.1. Canada18.6.2. Mexico18.6.3. United States18.7. Latin America18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. AISIN SEIKI CO.19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Continental AG19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. Cooper Tire & Rubber Company19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. Delphi Automotive PLC19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Denso Corporation19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. Exide Technologies, Inc19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Federal-Mogul Corporation19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. Goodyear Tire& Rubber Company19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. Hella KGaA Hueck & Co.19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments19.10. Johnsons Controls Inc.19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments19.11. Lear Corporation19.11.1. Company details19.11.2. Financial outlook19.11.3. Product summary19.11.4. Recent developments19.12. Magneti Marelli S.p.A19.12.1. Company details19.12.2. Financial outlook19.12.3. Product summary19.12.4. Recent developments19.13. Robert Bosch GmbH19.13.1. Company details19.13.2. Financial outlook19.13.3. Product summary19.13.4. Recent developments19.14. Royal Dutch Shell PLC19.14.1. Company details19.14.2. Financial outlook19.14.3. Product summary19.14.4. Recent developments19.15. Valeo Group19.15.1. Company details19.15.2. Financial outlook19.15.3. Product summary19.15.4. Recent developments19.16. ZF Friedrichshafen AG19.16.1. Company details19.16.2. Financial outlook19.16.3. Product summary19.16.4. Recent developments19.17. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The North America region is anticipated to have the highest market share in the Automotive Aftermarket Service Industry.
The demand for maintenance, repairs, and replacement components rises in tandem with the growth of the vehicle fleet, giving aftermarket service providers a steady supply of new business prospects.
The key players in the market include Companies Covered AISIN SEIKI CO., Continental AG, Cooper Tire & Rubber Company, Delphi Automotive PLC, Denso Corporation, Exide Technologies, Inc, Federal-Mogul Corporation, Goodyear Tire& Rubber Company, Hella KGaA Hueck & Co., Johnsons Controls Inc., Lear Corporation, Magneti Marelli S.p.A, Robert Bosch GmbH, Royal Dutch Shell PLC, Valeo Group, ZF Friedrichshafen AG, Others
The Automotive Aftermarket Service Industry is projected to reach USD 675.75 billion by 2033, growing at a CAGR of 4.25% during the forecast period.
The Automotive Aftermarket Service Industry grew in market size from 2023. The Market is expected to reach USD 675.75 billion by 2033, at a CAGR of 4.25% during the forecast period.
The Automotive Aftermarket Service Industry CAGR of 4.25% during the forecast period.
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The Automotive Aftermarket Service Industry size is USD 675.75 billion from 2023 to 2033.
The Automotive Aftermarket Service Industry segment is Covered By Replacement Parts, By Vehicle Type, By Certification, By Distribution Channel, By Service Channel
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