Global Automotive Parts & Accessories Market Overview
According to SPER Market Research, the Global Automotive Parts and Components Market is estimated to reach USD 2287.8 billion by 2032 with a CAGR of 3.80%.
Aftermarket parts and components for Automobiles are those added after the vehicle has left the manufacturer. This industry includes the sale of equipment, service repair, collision repair, aftermarket accessories, replacement tyres, and equipment. It covers businesses that are engaged in producing, distributing, selling, installing, and remanufacturing all auto parts and accessories. Technology improvements have led to the digitization of vehicle repair and component sales, which in turn has accelerated the growth of the automotive aftermarket sector. A vehicle's manufacture, remanufacturing, distribution, redistribution, end-retail, resale, and installation operations are referred to as automotive aftermarket activities. The aftermarket includes replacement, collision, aesthetic, and performance parts. The use of cutting-edge technology has led to the digitalization of automotive component sales and maintenance, which has raised the aftermarket's profile. Products and services that are powered by technology are establishing new trends and boosting market expansion.
Impact of COVID-19 on the Automotive Aftermarket Service and Parts Market
The COVID-19 outbreak is still going strong, and it is having a particularly bad effect on the car and transportation industries. These industries are also dealing with levels of uncertainty that have never before been seen. It is predicted that COVID-19 will have a substantial influence on the supply chain and product demand in the automotive aftermarket. The industry's current biggest problem is not the supply chain disruption brought on by China, but rather the general drop in aftermarket product demand. With the termination of all non-essential services, it is anticipated that the market for commercial vehicle component parts would decline dramatically. The uncertainty surrounding the pandemic may also cause changes in consumer purchasing habits that will have a substantial influence on the industry's development in the near future. Through economic ups and downs, people are more inclined to hold onto their vehicles.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Application, By Distribution Channel, By Certification
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | 3M Company, Continental AG, Cooper Tire & Rubber Company, Delphi Automotive PLC, Denco Corporation, Federal-Mogul Corporation, Hella KGaA Huek & Co, Robert Bosch GmbH, Valeo Group, ZF Friedchshafen
|
Global Automotive Parts & Accessories Market Segmentation:
1. By Product:
- Battery
- Body Parts
- Brake Parts
- Filters
- Lighting & Electronic Components
2. By Application:
- DIFM ( Do it for Me)
- DIY ( Do it Yourself )
- OE ( Delegating to OEM’s)
3. By Distribution Channel:
- Wholesale & Distributers
- Retailers
4. By Certification
- Genuine Parts
- Uncertified Parts
5. By Region:
- Asia-Pacific
- Europe
- Middle East
- Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Automotive Aftermarket Service and Parts Market Size (FY’2019-FY’2032)
- Global Automotive Aftermarket Service and Parts Market Overview
- Segmentation of Global Automotive Aftermarket Service and Parts Market By Product (Battery, Body parts, Brake Parts, Filters, Lighting & Electronic Components, Tire, Turbochargers, Wheels, Others)
- Segmentation of Global Automotive Aftermarket Service and Parts Market By Application ( DIFM, DIY, OE)
- Segmentation of Global Automotive Aftermarket Service and Parts Market By Distribution Channel (Retailers, Wholesale & Distributers)
- Segmentation of Global Automotive Aftermarket Service and Parts Market By Certification ( Certified Parts, Genuine Parts, Uncertified parts)
- Growth Analysis of Global Automotive Aftermarket Service and Parts Market
- Problems and Challenges in Global Automotive Aftermarket Service and Parts Market
- Competitive Landscape in the Global Automotive Aftermarket Service and Parts Market
- Impact of COVID-19 and Demonetization on Global Automotive Aftermarket Service and Parts Market
- Details on Recent Investment in Global Automotive Aftermarket Service and Parts Market
- Competitive Analysis of Global Automotive Aftermarket Service and Parts Market
- Major Players in the Global Automotive Aftermarket Service and Parts Market
- SWOT Analysis of Global Automotive Aftermarket Service and Parts Market
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 and Parts Market
5. Market variables 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 analysis
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 and Parts Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Aftermarket Service and Parts Market
7. Global Automotive Aftermarket Service and Parts Market, By Product, 2019-2032 (USD Million)
7.1. Battery
7.2. Body Parts
7.3. Brake Parts
7.4. Filters
7.5. Lighting & Electronic Components
7.6. Tyre
7.7. Turbochargers
7.8. Wheels
7.9. Others
8. Global Automotive Aftermarket Service and Parts Market, By Application, 2019-2032 (USD Million)
8.1 DIFM ( Do it for Me)
8.2 DIY ( Do it Yourself )
8.3 OE ( Delegating to OEM’s)
9. Global Automotive Aftermarket Service and Parts Market, By Distribution Channel, 2019-2032 (USD Million)
9.1 Wholesale & Distributers
9.2 Retailers
9.2.1 OEMs
9.2.2 Repair Shops
10. Global Automotive Aftermarket Service and Parts Market, By Certification, 2019-2032 (USD Million)
10.1 Certified Parts
10.2 Genuine Parts
10.3 Uncertified Parts
11. Global Automotive Aftermarket Service and Parts Market, By Region, 2019-2032 (USD Million)
11.1 Global Automotive Aftermarket Service and Parts Market Size and Market Share by Region (2019-2025)
11.2 Global Automotive Aftermarket Service and Parts Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1 3M Company
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Continental AG
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Cooper Tire & Rubber Company
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Delphi Automotive PLC
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Denco Corporation
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Federal-Mogul Corporation
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 HELLA KGaA Huek & Co.
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Robert Bosch GmbH
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Valeo Group
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 ZF Freidrichshafen
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. 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.
