Automotive Aftermarket Size, Trends and Analysis by Region, Component, Product Family, Channel, and Segment Forecast to 2028

Automotive Aftermarket Size, Trends and Analysis by Region, Component, Product Family, Channel, and Segment Forecast to 2028

Summary

The automotive aftermarket size revenue was valued at $899.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% over the forecast period. The automotive aftermarket report provides an executive-level overview of the current automotive aftermarket worldwide, with detailed forecasts of key indicators up to 2028.

This market intelligence report offers a thorough, forward-looking analysis of the global automotive aftermarket by component (both in volume and value terms), product family, channel, region, and key drivers in a concise format to help executives build proactive and profitable growth strategies.

The market growth is expected to be fueled by the shift to electric vehicles (EVs), the widespread adoption of advanced driver-assistance systems (ADAS) in vehicles, increasing e-commerce activity, and the popularity of shared mobility services. Additionally, regulatory requirements aimed at enhancing safety and environmental standards are escalating demand for products within the auto aftermarket sector.

Scope

This report provides overview and service addressable market for automotive aftermarket.
It identifies the key trends impacting growth of the automotive aftermarket over the next 12 to 24 months.
It includes global market forecasts for the automotive aftermarket and analysis of M&A deals, VF/PE deals, patents, and hiring trends.
It contains details of M&A deals in the automotive aftermarket and challenges impacting the automotive aftermarket.
The report covers competitive profiling of key companies in the market to provide a deeper understanding of industry competition.

Reasons to Buy

• This market intelligence report offers a thorough, forward-looking analysis of the global automotive aftermarket by component (both in volume and value terms), product family, channel, region, and key drivers in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in the automotive aftermarket.
• The report also covers key market volume data of key components (in million units) within the automotive aftermarket.
• With more than 100 charts and tables, the report is designed for an executive-level audience, enhancing presentation quality.
• The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from key companies, which enables executives to quickly get up to speed with the current and emerging trends in automotive aftermarket.
• The broad perspective of the report coupled with comprehensive, actionable detail will help automotive OEMs, contract manufacturers, tier-1 suppliers, and other intermediaries succeed in growing the automotive aftermarket globally.