Automotive AfterMarket By Application (Infotainment and Multimedia, Engine Component, Tires and Wheels, Electrical Products, Seat and Steering Covers, Others), By Distribution (OEM, Third Party Vendors), By Vehicle Type (Two Wheeler, Passenger Car, Commercial Vehicle), By Position (External Accessories, Internal Accessories): Global Opportunity Analysis and Industry Forecast, 2021-2031
Aftermarket refers to the secondary market of the automotive industry, which is concerned with manufacturing, remanufacturing, distribution, and retailing. The aftermarket offers numerous choices to customers, where they can get their vehicles serviced, maintained, or customized. The aftermarket is gaining traction, owing to customer inclination toward installation of advanced components in vehicles to improve vehicle comfort and ensure safety while driving.
Moreover, the global automotive industry has experienced tremendous transformation in the past few years. The rise in inclination among customers leads to growth of aftermarket services, which is expected to eventually lead to growth of the market in the future. Moreover, the COVID-19 pandemic is making the vehicle manufacturers focus on development of alternate sales channel with minimum contact. The consumer inclination towards online sales channel owing to its ease is anticipated to fortify the demand for automotive aftermarket up to a great degree during the forecast period.
The automotive aftermarket is segmented on the basis of application, distribution, vehicle type, position and region. By application, it is divided into infotainment and multimedia, engine component, tires and wheels, electrical products, seat and steering covers, and others. By distribution, it is divided into OEM and third party vendors. By vehicle type, it is segmented into two wheeler, passenger cars, and commercial vehicles. By position, it is divided into external accessories and internal accessories. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
The key players that operate in this market are Alpine Electronics, Inc., Auto Zone, Inc., Bridgestone Corporation, Continental AG, Denso Corporation, Ford Motor Company, Harman International (SAMSUNG ELECTRONICS), Hella KGaA Hueck & Co., Hyundai Mobis, Michelin, Osram Licht AG, Panasonic Corporation, Pioneer Corporation, Robert Bosch GmbH, The Goodyear Tire & Rubber Company, The Yokohama Rubber Co. Ltd., and Visteon Corporation
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive aftermarket analysis from 2021 to 2031 to identify the prevailing automotive aftermarket opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive aftermarket segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive aftermarket trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Infotainment and Multimedia
Engine Component
Tires and Wheels
Electrical Products
Seat and Steering Covers
Others
By Distribution
OEM
Third Party Vendors
By Vehicle Type
Two Wheeler
Passenger Car
Commercial Vehicle
By Position
External Accessories
Internal Accessories
By Region
North America
Mexico
U.S.
Canada
Europe
Germany
France
Russia
Netherlands
United Kingdom
Poland
Spain
Rest of Europe
Asia-Pacific
Rest of Asia-Pacific
China
India
Japan
South Korea
Asean
LAMEA
Saudi Arabia
South Africa
Rest of LAMEA
Brazil
UAE
Key Market Players
Alpine Electronics
Bridgestone Corporation
Continental
DENSO Corporation
Ford Motor Company
HARMAN International
Hella KGaA Hueck & Co.
Hyundai Mobis
Michelin
Osram Licht AG
Panasonic Corporation
Pioneer Corporation
Robert Bosch GmbH
The Goodyear Tire & Rubber Company
The Yokohama Rubber Co. Ltd.
Visteon
Auto zone
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