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

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. 
Automotive Aftermarket Service Industry
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. 

Automotive Aftermarket Service Industry


Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Replacement Parts, By Vehicle Type, By Certification, By Distribution Channel, By Service Channel
 Regions coveredAsia-Pacific, Europe, Middle East and Africa, North America, Latin America
 Companies CoveredAISIN 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 report
1.2. Market segment analysis

2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Automotive Aftermarket Service Industry

5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces 
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape
6.1. Global Automotive Aftermarket Service Industry Manufacturing Base Distribution, Sales Area, Product Type 
6.2. 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, 2023-2033
7.2. Battery
7.3. Body Parts
7.4. Brake Parts
7.5. Exhaust Components
7.6. Filters
7.7. Lighting and Electronic Components
7.8. Tire
7.9. Turbochargers
7.10. 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, 2023-2033
8.2. Commercial Vehicles
8.3. 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, 2023-2033
9.2. Certified Parts
9.3. Genuine Parts
9.4. 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, 2023-2033
10.2. Retailers
10.2.1. OEM’s
10.2.2. Repair Shops
10.3. 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, 2023-2033
11.2. 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-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia 
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America

19.  Company Profile
19.1. AISIN SEIKI CO.
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary 
19.1.4. Recent developments
19.2. Continental AG
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary 
19.2.4. Recent developments
19.3. Cooper Tire & Rubber Company
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary 
19.3.4. Recent developments
19.4. Delphi Automotive PLC
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary 
19.4.4. Recent developments
19.5. Denso Corporation
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary 
19.5.4. Recent developments
19.6. Exide Technologies, Inc
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary 
19.6.4. Recent developments
19.7. Federal-Mogul Corporation
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary 
19.7.4. Recent developments
19.8. Goodyear Tire& Rubber Company
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary 
19.8.4. Recent developments
19.9. Hella KGaA Hueck & Co.
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary 
19.9.4. Recent developments
19.10. Johnsons Controls Inc.
19.10.1. Company details
19.10.2. Financial outlook
19.10.3. Product summary 
19.10.4. Recent developments
19.11. Lear Corporation
19.11.1. Company details
19.11.2. Financial outlook
19.11.3. Product summary 
19.11.4. Recent developments
19.12. Magneti Marelli S.p.A
19.12.1. Company details
19.12.2. Financial outlook
19.12.3. Product summary 
19.12.4. Recent developments
19.13. Robert Bosch GmbH
19.13.1. Company details
19.13.2. Financial outlook
19.13.3. Product summary 
19.13.4. Recent developments
19.14. Royal Dutch Shell PLC
19.14.1. Company details
19.14.2. Financial outlook
19.14.3. Product summary 
19.14.4. Recent developments
19.15. Valeo Group
19.15.1. Company details
19.15.2. Financial outlook
19.15.3. Product summary 
19.15.4. Recent developments
19.16. ZF Friedrichshafen AG
19.16.1. Company details
19.16.2. Financial outlook
19.16.3. Product summary 
19.16.4. Recent developments
19.17. 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.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3


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.
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
Not able to find what you are looking for? Need customization in the existing report?
Click Here
PLACE AN ORDER
  • 15% off
     
    $ 4250
  • 20% off
             
    $ 5650
  • 25% off
         
    $ 7450
Pre-Purchase Inquiry
SEND AN INQUIRY
NEED CUSTOMIZATION?
Request Customization
CALL OR EMAIL US
US:
India:
Email:
100% Secure Payment

SPER American Express
SPER VISA
SPER Master Card
SPER Mestro
SPER Paypal
SPER CCAvenues

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Microsoft
SPER-EY
SPER-McKinsey
SPER-Bain
SPER-Max-Healthcare
SPER-DHL
SPER-SIEMENS
SPER-IQVIA
SPER-Pfizer
SPER-LOREAL
SPER-Kankar IMRB
SPER-ITA
SPER-PWC
SPER-Sanofi
SPER-p&g
SPER-Johnson & Johnson
SPER-IPSOS
SPER-Heineken

SPER

Market Research

We are the leading, full-service global market research and consulting company.

Certificates
iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]

 +91-742-898-5650