Global Automotive Aftermarket Market Growth (Status and Outlook) 2023-2029

Global Automotive Aftermarket Market Growth (Status and Outlook) 2023-2029

The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories.
LPI (LP Information)' newest research report, the “Automotive Aftermarket Industry Forecast” looks at past sales and reviews total world Automotive Aftermarket sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Aftermarket sales for 2023 through 2029. With Automotive Aftermarket sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Aftermarket industry.
This Insight Report provides a comprehensive analysis of the global Automotive Aftermarket landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Aftermarket portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Aftermarket market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Aftermarket and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Aftermarket.
The global Automotive Aftermarket market size is projected to grow from US$ 999760 million in 2022 to US$ 1265390 million in 2029; it is expected to grow at a CAGR of 3.4% from 2023 to 2029.
United States is the largest market of the automotive aftermarket with share over 28.8%. China will rank the first worldwide in sales for an eighth straight year.
Bridgestone, Michelin, Autozone, Genuine Parts Company, Goodyear, Continental, Advance Auto Parts, O'Reilly Auto Parts, Bosch are the main players in the market. The top 5 occupied 6% in 2019, the whole market is quite competitive.
Wear and Tear Parts is the most important type of Automotive Aftermarket, its market share is 43% in 2019, then followed by Tire Service and Crash Relevant Parts, which occupied 13.7% and 13.1% respectively.
Passengers car needs more services in automotive aftermarket compared to Commercial Vehicle, it took nearly 70% of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Aftermarket market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Wear and Tear Parts
Crash Relevant Parts
Maintenance Service
Diagnostics Products and Service
Tire Service
Other
Segmentation by application
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bridgestone
Michelin
Autozone
Genuine Parts Company
Goodyear
Continental
Advance Auto Parts
O'Reilly Auto Parts
Bosch
Tenneco
Belron International
Denso
Driven Brands
China Grand Automotive
Zhongsheng Group
3M Company
Yongda Group
Monro
Delphi
Tuhu Auto

Please note: The report will take approximately 2 business days to prepare and deliver.