Global Aftermarket Automotive Parts And Components Market 2024-2028
The aftermarket automotive parts and components market is forecasted to grow by USD 80 bn during 2023-2028, accelerating at a CAGR of 3.2% during the forecast period. The report on the aftermarket automotive parts and components market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by convenience of purchasing automotive products online, high adoption of vehicle parts, and growing demand for vehicle customization.
Technavio's aftermarket automotive parts and components market is segmented as below:
By Product
- Tire
- Brake parts
- Battery
- Filter
- Others
By Distribution Channel
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the aftermarket e-retailing gaining popularity in aftermarket automotive parts and components as one of the prime reasons driving the aftermarket automotive parts and components market growth during the next few years. Also, use of advanced analytical tools to revolutionize aftermarket e-retailing and booming e-commerce market driving online sales of automotive parts will lead to sizable demand in the market.
The report on the aftermarket automotive parts and components market covers the following areas:
- Aftermarket automotive parts and components market sizing
- Aftermarket automotive parts and components market forecast
- Aftermarket automotive parts and components market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aftermarket automotive parts and components market vendors that include 3M Co., Aisin World Corp. of America, ANAND Group, BorgWarner Inc., Continental AG, Delphi Technologies Plc, DENSO Corp., DRiV Incorporated, HELLA GmbH and Co. KGaA, Hitachi Astemo Ltd., Knorr Bremse AG, MagnetiMarelliS.p.A, MAHLE GmbH, NGK Spark Plugs USA, Inc., OSRAM Licht AG, Robert Bosch GmbH, Samvardhana Motherson International Ltd., Tenneco Inc., Valeo SA, and ZF Friedrichshafen AG . Also, the aftermarket automotive parts and components market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.