Automotive Aftermarket Market 2025-2029
The automotive aftermarket market is forecasted to grow by USD 179.7 bn during 2024-2029, accelerating at a CAGR of 6% during the forecast period. The report on the automotive aftermarket 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 high adoption of vehicle parts, convenience of purchasing automotive products online, and growing demand for vehicle customization.
Technavio's automotive aftermarket market is segmented as below:
By Vehicle Type
- Passenger cars
- Commercial vehicles
By Distribution Channel
- Retailer
- Wholesale and distribution
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the aftermarket e-retailing gaining popularity in automotive aftermarket as one of the prime reasons driving the automotive aftermarket 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 automotive aftermarket market covers the following areas:
- Automotive Aftermarket Market sizing
- Automotive Aftermarket Market forecast
- Automotive Aftermarket 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 automotive aftermarket market vendors that include 3M Co., AISIN CORP., Akebono Brake Corp., ALCO Filters Ltd., BASF SE, BorgWarner Inc., Bridgestone Corp., Continental AG, DENSO Corp., Faurecia SE, HELLA GmbH and Co. KGaA, JK Tyre and Industries Ltd., LCI Industries, MAP MotoRad Automotive Parts Ltd., Niterra Co. Ltd., Pioneer Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Tenneco Inc., and The Goodyear Tire and Rubber Co.. Also, the automotive aftermarket 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 primary and secondary research. 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 accurate market growth.